Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders. (b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests. (c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholders.
Appears in 18 contracts
Samples: Pooling and Servicing Agreement (PHHMC Series 2007-6 Trust), Pooling and Servicing Agreement (PHHMC Series 2007-4 Trust), Pooling and Servicing Agreement (PHHMC Mortgage Pass-Through Certificates, Series 2005-5)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated the Certificate Registrar has countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Certificates. The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests, and the other assets of REMIC III for the benefit of the holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Certificates.
Appears in 12 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments II 2005-Ar4), Pooling and Servicing Agreement (Structured Asset Mortgage Investments II Trust 2004-Ar8), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Ii Inc)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests, and the other assets of REMIC I II for the benefit of the holders of the REMIC I Regular II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC I II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular II Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I II Regular Interests Interests, and the other assets of REMIC II III for the benefit of the Certificateholdersholders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC I II Regular Interests (which are uncertificated) and the other assets of REMIC II III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Certificates.
Appears in 9 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Mort Pas THR Cert Se 04 Cl1), Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Arm Trust 03-7), Pooling and Servicing Agreement (Prime Mortgage Trust 2004-2)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Certificates.
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Merrilll Lynch Mortgage Investors Trust, Series 2005-A10), Pooling and Servicing Agreement (Merrilll Lynch Mortgage Investors Trust, Series 2005-A10), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-A5)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, as its agent) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I III, for the benefit of the holders of the REMIC III Interests, (ii) the REMIC II Regular Interests and the REMIC III Regular Interests, and the other assets of REMIC IV, for the benefit of the holders of the REMIC IV Interests, and (iii) the REMIC IV Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC V for the benefit of the holders of the REMIC V Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests and REMIC IV Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I III, REMIC IV and REMIC V, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular IV Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersV Interests, as applicable.
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-1), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-8), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-7)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it (on behalf of the Trust Fund Trust) of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and REMIC II Regular Interests and the other assets of REMIC I III for the benefit of the holders of the REMIC III Interests, REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I Regular and II-B-IO-P and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Interests. The Trustee acknowledges receipt of the such Uncertificated Regular Interests and such other assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular III Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersIV Interests, as applicable.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar1), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar5), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar5)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests Interests, and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Certificates.
(c) The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC II Regular Interests, and the other assets of REMIC III for the benefit of the holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Certificates.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mort Invest Inc Mort Pas THR Certs Ser 03 1), Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Bear Stearns Arm Trust 2003 3), Pooling and Servicing Agreement (Structured Asset Mort Invest Inc Mort Pas THR Certs Ser 03 1)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Regular Interests and Class R-II Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Regular Interests and Class R-II Certificates.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Certificates.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-A4), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investor Trust Series MLCC 2005-3), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investor Trust Series MLCC 2005-3)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it (on behalf of the Trust Fund Trust) of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and REMIC II Regular Interests and the other assets of REMIC I III for the benefit of the holders of the REMIC III Interests, REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I Regular and II-B-IO-P and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Interests. The Trustee acknowledges receipt of the such Uncertficated Regular Interests and such other assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular III Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersIV Interests, as applicable.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar3), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar5), Grantor Trust Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar3)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it (on behalf of the Trust Fund Trust) of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans Loans, and the Securities Administrator agrees it will hold such other assets assets, as may from time to time be delivered to it segregated on the its books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Certificates.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (MortgageIT Trust 2005-Ar1), Pooling and Servicing Agreement (MortgageIT Trust 2005-Ar1), Pooling and Servicing Agreement (MortgageIT Trust 2005-Ar1)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the Holders of the Certificates (other than the Class R-I Certificates and the Class R-II Certificates). The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Certificates (other than the Class R-I Certificates and the Class R-II Certificates).
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it (on behalf of the Trust Fund Trust) of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I II, for the benefit of the holders of the REMIC II Interests, and (ii) REMIC II Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC III, for the benefit of the holders of the REMIC III Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests and REMIC II Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I II and REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular II Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersIII Interests, as applicable.
Appears in 2 contracts
Samples: Grantor Trust Agreement (GreenPoint Mortgage Funding Trust 2005-Ar1), Pooling and Servicing Agreement (GreenPoint Mortgage Funding Trust 2005-Ar1)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it (on behalf of the Trust Fund Trust) of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC I II for the benefit of the holders of the REMIC II Interests, the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the holders of the REMIC III Interests, the REMIC III Regular Interests and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Interests and REMIC IV Regular Interests B-IO-I Regular and B-IO-P and the other assets of REMIC V for the benefit of the holders of the REMIC V Interests. The Trustee acknowledges receipt of the such Uncertficated Regular Interests and such other assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular II Interests.
(c) The Depositor, concurrently with the execution and delivery hereofREMIC III Interests, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular IV Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersV Interests, as applicable.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (GreenPoint MFT 2006-Ar3), Pooling and Servicing Agreement (GreenPoint MFT 2006-Ar2)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it (on behalf of the Trust Fund Trust) of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the CertificateholdersCertificateholders and the Certificate Insurer.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and REMIC II Regular Interests and the other assets of REMIC II III for the benefit of the Certificateholdersholders of the REMIC III Interests, REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Interests. The Trustee acknowledges receipt of the REMIC I such Uncertficated Regular Interests (which are uncertificated) and the such other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Interests and REMIC IV Interests, as applicable.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Mortage Funding Trust 2006-Ar2), Grantor Trust Agreement (Bear Stearns Mortage Funding Trust 2006-Ar2)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Regular Interests and the Class R-II Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Regular Interests and the Class R-II Certificates.
(c) The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC II Regular Interests and the other assets of REMIC II for the benefit of the holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Mort Pass THR Cert Ser 2002-4), Pooling and Servicing Agreement (Bear Stearns Arm Trust Mortgage Pass Thro Cert Series 2002-8)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests, and the other assets of REMIC I II for the benefit of the holders of the REMIC I Regular InterestsII Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC I II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular InterestsII Certificates.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I II Regular Interests Interests, and the other assets of REMIC II III for the benefit of the Certificateholdersholders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC I II Regular Interests (which are uncertificated) and the other assets of REMIC II III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Ii Inc), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Ii Inc)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC II Regular Interests, and the other assets of REMIC I IV, for the benefit of the holders of the REMIC IV Interests, (iii) the REMIC I Regular Interests, REMIC III Regular Interests, REMIC IV Regular Interests, and the other assets of REMIC V, for the benefit of the holders of the REMIC V Interests and (iv) REMIC V Regular Interests B-IO-I and B-IO-P, and the other assets of REMIC VI for the benefit of the holders of the REMIC VI Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests, REMIC IV Regular Interests and REMIC V Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I IV, REMIC V and REMIC VI, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular IV Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular V Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersVI Interests, as applicable.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-6), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-6)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee (or the Custodian, on its behalf) in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests, and the other assets of REMIC I IV, for the benefit of the holders of the REMIC IV Interests and (ii) REMIC IV Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC V for the benefit of the holders of the REMIC V Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests and REMIC IV Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I IV and REMIC V, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular IV Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersV Interests, as applicable.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Alt-a Trust 2006-8), Pooling and Servicing Agreement (Bear Stearns Alt-a Trust 2006-8)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests, and the other assets of REMIC I II for the benefit of the holders of the REMIC I Regular II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC I II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular II Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I II Regular Interests Interests, and the other assets of REMIC II III for the benefit of the Certificateholdersholders of the REMIC III Interests. The Trustee acknowledges receipt of the REMIC I II Regular Interests (which are uncertificated) and the other assets of REMIC II III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC III Regular Interests, and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Certificates. The Trustee acknowledges receipt of the REMIC III Regular Interests (which are uncertificated) and the other assets of REMIC IV and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC IV Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Arm Tr 2004 1), Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Arm Tr 2004 2)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the CertificateholdersHolders of the Certificates (other than the Class R-I Certificates). The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersHolders of the Certificates (other than the Class R-I Certificates).
Appears in 2 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (Bear Stearns Arm Trust, Mortgage Pass-Through Certificates, Series 2005-11)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests, and the other assets of REMIC I II for the benefit of the holders of the REMIC I Regular II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC I II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular II Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I II Regular Interests Interests, and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC I II Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Arm Trust, Mortgage Pass-Through Certificates, Series 2004-7), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2004-12)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) . The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the assets of REMIC I X Regular Interests for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I X Regular Interests (which are uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) . The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian on its behalf) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the Holders of the Certificates (other than the Class R-I Certificates and the Class R-II Certificates). The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Certificates (other than the Class R-I Certificates and the Class R-II Certificates).
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-1), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-4)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the Holders of the Certificates (other than the Class R-1 Certificates and Class R-2 Certificates). The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Certificates (other than the Class R-1 Certificates and Class R-2 Certificates).
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bankunited Trust 2005-1, Mortgage Pass-Through Certificates, Series 2005-1), Pooling and Servicing Agreement (Bankunited Trust 2005-1, Mortgage Pass-Through Certificates, Series 2005-1)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund Funds and, concurrently therewith, the Certificate Registrar has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, the Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the related Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests, and the other assets of REMIC I III for the benefit of the holders of the REMIC I Regular III Interests. The Trustee acknowledges receipt of the REMIC II Regular Interests (all of which are uncertificated) and the other assets of REMIC I III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and REMIC III Regular Interests, and the other assets of REMIC II IV for the benefit of the Certificateholdersholders of the REMIC IV Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests and REMIC III Regular Interests (all of which are uncertificated) and the other assets of REMIC II IV and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC IV Interests.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Prime Mortgage Trust 2005-4), Pooling and Servicing Agreement (Prime Mortgage Trust 2005-4)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans Loans, the Underlying Certificates and the other assets comprising the Trust Fund Funds and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, each of the Mortgage Pass-Through Certificates and Re-REMIC Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and Underlying Certificates and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the related Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests, and the other assets of REMIC I II for the benefit of the holders of the REMIC I Regular II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC I II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular II Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I II Regular Interests Interests, and the other assets of REMIC II III for the benefit of the Certificateholdersholders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC I II Regular Interests (which are uncertificated) and the other assets of REMIC II III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Certificates.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Underlying Certificates, and the other assets of REMIC IV for the benefit of the holders of the Re-REMIC Certificates. The Trustee acknowledges receipt of the Underlying Certificates and the other assets of REMIC IV and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the Re-REMIC Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates & Re-Remic Certificates, Series 2005-1), Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates & Re-Remic Certificates, Series 2005-1)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests Interests, and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Regular Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Regular Interests.
(c) The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC II Regular Interests, and the other assets of REMIC III for the benefit of the holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Bear Stearns Arm Trust 2002-11), Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Bear Stearns Arm Trust 2002-10)
Issuance of Certificates. Conveyance of REMIC 1 Regular Interests and REMIC 2 Regular Interests and Acceptance of REMIC 2 REMIC 3 by the Trustee.
(a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the delivery to it or to a Custodian on its behalf of the Mortgage Files, subject to the provisions of Sections 2.01 and 2.02, together with the assignment to it of all other assets comprising included in the Trust Fund andFund, concurrently therewithreceipt of which is hereby acknowledged. Concurrently with such assignment and delivery and in exchange therefor, the Trustee, pursuant to the written request of the Company executed by an officer of the Company, has signedexecuted, and authenticated and delivered to or upon the Depositororder of the Company, in exchange therefor, the Certificates in such authorized denominations representing such Percentage Interests as the Depositor has requesteddenominations. The Trustee agrees that it will hold interests evidenced by the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on Certificates, constitute the books of entire beneficial ownership interest in the Trustee in trust for the benefit of the CertificateholdersTrust Fund.
(b) The DepositorCompany, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Company in and to the assets of REMIC I 1 Regular Interests for the benefit of the holders Holders of the REMIC I 2 Regular InterestsInterests and Holders of the Class R Certificates (as Holders of the Class R-2 Interest). The Trustee acknowledges receipt of the assets of REMIC I 1 Regular Interests (which are uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders Holders of the REMIC I 2 Regular Interests and Holders of the Class R Certificates (as Holders of the Class R-2 Interest). The interests evidenced by the Class R-2 Interest, together with the REMIC 2 Regular Interests, constitute the entire beneficial ownership interest in REMIC 2.
(c) The DepositorCompany, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Company in and to the REMIC I 2 Regular Interests and the other assets of REMIC II for the benefit of the CertificateholdersHolders of the Regular Certificates and Holders of the Class R Certificates (as Holders of the Class R-3 Interest). The Trustee acknowledges receipt of the REMIC I 2 Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersHolders of the Regular Certificates and Holders of the Class R Certificates (as Holders of the Class R-3 Interest). The interests evidenced by the Class R-3 Interest, together with the Regular Certificates, constitute the entire beneficial ownership interest in REMIC 3.
(d) In exchange for the REMIC 2 Regular Interests and, concurrently with the assignment to the Trustee thereof, pursuant to the written request of the Company executed by an officer of the Company, the Trustee has executed, authenticated and delivered to or upon the order of the Company, the Regular Certificates in authorized denominations evidencing (together with the Class R-3 Interest) the entire beneficial ownership interest in REMIC 3.
(e) Concurrently with (i) the assignment and delivery to the Trustee of REMIC 1 and REMIC 2 (including the Residual Interest therein represented by the Class R-1 Interest and Class R-2 Interest, respectively) and the acceptance by the Trustee thereof, and (ii) the assignment and delivery to the Trustee of REMIC 3 (including the Residual Interest therein represented by the Class R-3 Interest), and the acceptance by the Trustee thereof, the Trustee, from and pursuant to the written request of the Company executed by an officer of the Company, has executed, authenticated and delivered to or upon the order of the Company, the Class R Certificates in authorized denominations evidencing the Class R-1 Interest, the Class R-2 Interest and Class R-3 Interest.
Appears in 1 contract
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests Interests, and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Regular Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Regular Interests.
(c) The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC II Regular Interests, and the other assets of REMIC III for the benefit of the holders of the REMIC III Regular Interests. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Regular Interests.
(d) The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC III Regular Interests, and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Certificates. The Trustee acknowledges receipt of the REMIC III Regular Interests (which are uncertificated) and the other assets of REMIC IV and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC IV Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mort Invest Inc Mort Pas THR Cert Se 03 Cl1)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Certificate Registrar has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, the Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the related Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the Holders of the Regular Certificates and the Class R-3 Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Regular Certificates and the Class R-3 Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Prime Mortgage Trust 2006-1)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it (on behalf of the Trust Fund Trust) of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and REMIC II Regular Interests and the other assets of REMIC I III for the benefit of the holders of the REMIC III Interests, the REMIC III Regular Interests and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Interests, REMIC IV Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I Regular and II-B-IO-P and the other assets of REMIC V for the benefit of the holders of the REMIC V Interests. The Trustee acknowledges receipt of the such Uncertficated Regular Interests and such other assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular IV Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersV Interests, as applicable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar1)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) . The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the assets of REMIC I X Regular Interests for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I X Regular Interests (which are uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) . The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) . The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests. The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the holders of the REMIC III Interests. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Interests. The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC III Regular Interests and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Certificates. The Trustee acknowledges receipt of the REMIC III Regular Interests (which are uncertificated) and the other assets of REMIC IV and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC IV Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund Funds and, concurrently therewith, the Certificate Registrar has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, the Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the related Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and REMIC II Regular Interests, and the other assets of REMIC I III for the benefit of the holders of the REMIC I Regular III Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests and REMIC II Regular Interests (all of which are uncertificated) and the other assets of REMIC I III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholders.
Appears in 1 contract
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the Regular Certificates and Class R-II Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the Regular Certificates and Class R-II Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-A7)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other such assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Ii Trust 2005-Ar5)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I (other than, for the avoidance of doubt, the Market Value Swap) for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the CertificateholdersHolders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersHolders of the REMIC II Interests.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2005-10)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I III, for the benefit of the holders of the REMIC III Interests, (ii) the REMIC II Regular Interests and the REMIC III Regular Interests, and the other assets of REMIC IV, for the benefit of the holders of the REMIC IV Interests, and (iii) the REMIC IV Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC V for the benefit of the holders of the REMIC V Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests and REMIC IV Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I III, REMIC IV and REMIC V, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular IV Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersV Interests, as applicable.
Appears in 1 contract
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Trustee has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, the Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the related Certificateholders. NYSCEF (Db)OC. ThNeOD.epo8sit8or7, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwiseRcEonCvEeyIinVtEruDst toNtYheSTCruEsFtee:wi1th0ou/t r1ec3o/ur2se0al2l 0 the right, title and interest of the Depositor in and to the Group I Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Interests. The Trustee acknowledges receipt of such assets and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Interests.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Group II Mortgage Loans and the other assets of REMIC I II for the benefit of the holders of the REMIC I Regular II Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular II Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the REMIC II Regular Interests and the other assets of REMIC II III for the benefit of the Certificateholdersholders of the REMIC III Regular Interests and Class I-R-2 Interest. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC II III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Regular Interests and Class I-R-2 Interest.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC III Regular Interests, the Class I-R-2 Interest and the other assets of the ES Trust for the benefit of the holders of the Regular Certificates and the Class I-R-2 Certificates. The Trustee acknowledges receipt of the REMIC III Regular Interests (which are uncertificated), the Class I-R-2 Interest (which is uncertificated) and the other assets of the ES Trust and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the Regular Certificates and the Class I-R-2 Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests and the REMIC II Regular Interests, and the other assets of REMIC I III, for the benefit of the holders of the REMIC III Interests and (ii) REMIC III Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests and REMIC III Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I III and REMIC IV, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular III Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersIV Interests, respectively.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-5)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, and has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the related Custodian on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the related Custodian on its behalf) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Group I Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the Holders of the Certificates (other than the Class R-I Certificates and Class R-II Certificates). The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Certificates (other than the Class R-I Certificates and the Class R-II Certificates).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-5)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I IV, for the benefit of the holders of the REMIC IV Interests, (ii) the REMIC II Regular Interests, and the other assets of REMIC V, for the benefit of the holders of the REMIC V Interests, (iii) the REMIC III-A Regular Interests, and the other assets of REMIC III-B, for the benefit of the holders of the REMIC III-B Interests, (iv) the REMIC III-B Regular Interests, the REMIC IV Regular Interests and the REMIC V Regular Interests, and the other assets of REMIC VI, for the benefit of the holders of the REMIC VI Interests and (iv) REMIC VI Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC VII for the benefit of the holders of the REMIC VII Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III-A Regular Interests, REMIC III-B Regular Interests, REMIC IV Regular Interests, REMIC V Regular Interests and REMIC VI Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I III-B, REMIC IV, REMIC V, REMIC VI and REMIC VII, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III-B Interests.
(c) The Depositor, concurrently with the execution and delivery hereofREMIC IV Interests, does hereby transferREMIC V Interests, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular VI Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersVII Interests, as applicable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-4)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests and the other assets of REMIC I IV for the benefit of the holders of the REMIC I Regular IV Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests and REMIC III Regular Interests (which are uncertificated) and the other assets of REMIC I IV and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular IV Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I IV Regular Interests Interests, and the other assets of REMIC II V for the benefit of the Certificateholdersholders of the REMIC V Certificates. The Trustee acknowledges receipt of the REMIC I IV Regular Interests (which are uncertificated) and the other assets of REMIC II V and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC V Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2004-10)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Trustee has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, the Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the related Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the Holders of the Regular Certificates and the Class R-3 Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Regular Certificates and the Class R-3 Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Prime Mortgage Trust 2006-2)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee (or the Custodian, on its behalf) in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I II, for the benefit of the holders of the REMIC II Interests, (ii) the REMIC II Regular Interests and REMIC III Regular Interests and the other assets of REMIC IV, for the benefit of the holders of the REMIC IV Interests and (iv) REMIC IV Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC V for the benefit of the holders of the REMIC V Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests and REMIC IV Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I III, REMIC IV and REMIC V, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular IV Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersV Interests, as applicable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-7)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC II for the benefit of the holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust, Series 2005-1)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, as its agent) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, as its agent) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I III, for the benefit of the holders of the REMIC III Interests, (ii) the REMIC II Regular Interests and the REMIC III Regular Interests, and the other assets of REMIC IV, for the benefit of the holders of the REMIC IV Interests, and (iii) the REMIC IV Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC V for the benefit of the holders of the REMIC V Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests and REMIC IV Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I III, REMIC IV and REMIC V, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular IV Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersV Interests, as applicable.
Appears in 1 contract
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Group I Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests Group II Mortgage Loans and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other such assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests, the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the Holders of the Certificates (other than the Class R-I Certificates and the Class R-II Certificates). The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated), the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Certificates (other than the Class R-I Certificates and the Class R-II Certificates).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Arm Trust 2005-12)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests Interests, and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Certificates.
(c) The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC II Regular Interests, and the other assets of REMIC III for the benefit of the holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Arm Trust 2003-4)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) . The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests and the other assets of REMIC I II (including the related Mortgage Loans) for the benefit of the holders of the REMIC I Regular II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC I II (including the related Mortgage Loans) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular II Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I (other than, for the avoidance of doubt, the Market Value Swap) for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the CertificateholdersHolders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersHolders of the REMIC II Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC II for the benefit of the Holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the REMIC III Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2005-4)
Issuance of Certificates. (a) The Trustee on behalf of the Trust acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it or the Custodian as its agent will hold the Mortgage Loans and such other assets as may from time to time be delivered to it or the Custodian as its agent segregated on the books of the Trustee or the Custodian, respectively, in trust for the benefit of the Trust and the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Certificates.
Appears in 1 contract
Samples: Trust, Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2005-4)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee (or the Custodian, on its behalf) in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I II, for the benefit of the holders of the REMIC I II Interests and (ii) the REMIC II Regular Interests and the other assets of REMIC III, for the benefit of the holders of the REMIC III Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests and the REMIC II Regular Interests and the other assets of REMIC I II and REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust II 2007-1)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Certificate Registrar has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC II for the benefit of the holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Arm Trust 2005-3)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund Funds and, concurrently therewith, the Certificate Registrar has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, the Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the related Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II III for the benefit of the Certificateholdersholders of the REMIC III Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests, the REMIC III Regular Interests and the other assets of REMIC IV for the benefit of the Holders of the REMIC IV Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated), the REMIC III Regular Interests (which are uncertificated) and the other assets of REMIC IV and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the REMIC IV Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Prime Mortgage Trust 2005-5)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests, and the other assets of REMIC I III for the benefit of the holders of the REMIC I Regular InterestsIII Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC I III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular InterestsIII Certificates.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I II Regular Interests Interests, and the other assets of REMIC II III for the benefit of the Certificateholdersholders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC I II Regular Interests (which are uncertificated) and the other assets of REMIC II III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Certificates.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC III Regular Interests, and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Certificates. The Trustee acknowledges receipt of the REMIC III Regular Interests (which are uncertificated) and the other assets of REMIC IV and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC IV Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Arm Trust Mort Pass THR Certs Ser 2003-6)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the delivery to it or to a Custodian on its behalf of the Mortgage Files, subject to the provisions of Sections 2.01 and 2.02, together with the assignment to it of all other assets comprising included in the Trust Fund andFund, concurrently therewithreceipt of which is hereby acknowledged. Concurrently with such assignment and delivery and in exchange therefor, the Trustee, pursuant to the written request of the Company executed by an officer of the Company, has signedexecuted, and authenticated and delivered to or upon the Depositororder of the Company, in exchange therefor, the Certificates in such authorized denominations representing such Percentage Interests as the Depositor has requesteddenominations. The Trustee agrees that it will hold interests evidenced by the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on Certificates, constitute the books of entire beneficial ownership interest in the Trustee in trust for the benefit of the CertificateholdersTrust Fund.
(b) The DepositorCompany, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Company in and to the REMIC 1 Regular Interests, and the other assets of REMIC I 2 for the benefit of the holders of the REMIC I 2 Regular InterestsInterests and Class R-II Certificates. The Trustee acknowledges receipt of the REMIC 1 Regular Interests (which are uncertificated) and the other assets of REMIC I 2 and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I 2 Regular InterestsInterests and Class R-II Certificates.
(c) The DepositorCompany, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Company in and to the REMIC I 2 Regular Interests Interests, and the other assets of REMIC II 2 for the benefit of the Certificateholdersholders of the REMIC 3 Regular Interests and Class R-III Certificates. The Trustee acknowledges receipt of the REMIC I 2 Regular Interests (which are uncertificated) and the other assets of REMIC II 2 and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC 3 Regular Interests and Class R-III Certificates.
Appears in 1 contract
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests, and the other assets of REMIC I III for the benefit of the holders of the REMIC I III Regular Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC I III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I III Regular Interests.
(c) The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I II Regular Interests Interests, and the other assets of REMIC II III for the benefit of the Certificateholdersholders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC I II Regular Interests (which are uncertificated) and the other assets of REMIC II III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Certificates.
(d) The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC III Regular Interests, and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Certificates. The Trustee acknowledges receipt of the REMIC III Regular Interests (which are uncertificated) and the other assets of REMIC IV and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC IV Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Arm Trust 2003-5)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(ba) The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests Interests, and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Certificates.
(b) The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC II Regular Interests, and the other assets of REMIC III for the benefit of the holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Mort Pas THR Certs Ser 2003-3)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, as its agent) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, as its agent) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I IV, for the benefit of the holders of the REMIC IV Interests, (ii) the REMIC II Regular Interests, and the other assets of REMIC V, for the benefit of the holders of the REMIC V Interests, (iii) the REMIC III Regular Interests, the REMIC IV Regular Interests and the REMIC V Regular Interests, and the other assets of REMIC VI, for the benefit of the holders of the REMIC VI Interests and (iv) REMIC VI Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC VII for the benefit of the holders of the REMIC VII Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests, REMIC IV Regular Interests, REMIC V Regular Interests and REMIC VI Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I V, REMIC V, REMIC VI and REMIC VII, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular IV Interests.
(c) The Depositor, concurrently with the execution and delivery hereofREMIC V Interests, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular VI Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersVII Interests, as applicable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-3)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I IV, for the benefit of the holders of the REMIC IV Interests, (ii) the REMIC II Regular Interests, and the other assets of REMIC V, for the benefit of the holders of the REMIC V Interests, (iii) the REMIC III-A Regular Interests, and the other assets of REMIC III-B, for the benefit of the holders of the REMIC III-B Interests, (iv) the REMIC III-B Regular Interests, the REMIC IV Regular Interests and the REMIC V Regular Interests, and the other assets of REMIC VI, for the benefit of the holders of the REMIC VI Interests and (iv) REMIC VI Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC VII for the benefit of the holders of the REMIC VII Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III-A Regular Interests, REMIC III-B Regular Interests, REMIC IV Regular Interests, REMIC V Regular Interests and REMIC VI Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I III-B, REMIC IV, REMIC V, REMIC VI and REMIC VII, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III-B Interests.
(c) The Depositor, concurrently with the execution and delivery hereofREMIC IV Interests, does hereby transferREMIC V Interests, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular VI Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersVII Interests, as applicable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-4)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Certificates.
(c) The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC II Regular Interests and the other assets of REMIC II for the benefit of the holders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC III Certificates.
(d) The Seller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Seller in and to the REMIC III Regular Interests and the other assets of REMIC III for the benefit of the holders of the REMIC IV Certificates. The Trustee acknowledges receipt of the REMIC III Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC IV Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the related Custodian on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the related Custodian on its behalf) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Group I Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Group II Mortgage Loans and the other assets of REMIC II for the benefit of the holders of the REMIC II Interests. The Trustee acknowledges receipt of such assets and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC II Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II Regular Interests for the benefit of the Certificateholdersholders of the REMIC III Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II Regular Interests (which are uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Interests.
(e) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC III Regular Interests for the benefit of the Holders of the Certificates (other than the Class R Certificates). The Trustee acknowledges receipt of the REMIC III Regular Interests (which are uncertificated) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Certificates (other than the Class R Certificates).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-4)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I-A Regular Interests and REMIC I-B Regular Interests, and the other assets of REMIC I II for the benefit of the holders of the REMIC I Regular II Interests. The Trustee acknowledges receipt of the REMIC I-A Regular Interests and REMIC I-B Regular Interests (which are uncertificated) and the other assets of REMIC I II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular InterestsII Certificates.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I II Regular Interests Interests, and the other assets of REMIC II III for the benefit of the Certificateholdersholders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC I II Regular Interests (which are uncertificated) and the other assets of REMIC II III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Certificates.
Appears in 1 contract
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee (or the Custodian, on its behalf) in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests and REMIC II Regular Interests and the other assets of REMIC I III, for the benefit of the holders of the REMIC III Interests and (ii) REMIC III Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests and REMIC III Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I III and REMIC IV, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular III Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersIV Interests, as applicable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2007-2)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the CertificateholdersHolders of the Certificates. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersHolders of the Certificates.
Appears in 1 contract
Issuance of Certificates. (a) The Trustee hereby (i) acknowledges the assignment to it of the Mortgage Loans, (ii) acknowledges the assignment to it of all other assets included in the Trust Fund and (iii) acknowledges the issuance of, and hereby declares that it holds the Lower Tier Regular Interests on behalf of the Trust Fund Upper Tier REMIC and the Certificateholders. Concurrently with such assignment and delivery and in exchange therefor, the Securities Administrator, pursuant to the Written Order to Authenticate executed by an officer of the Mortgage Loans Depositor, has executed, and the other assets comprising the Trust Fund and, concurrently therewith, Certificate Registrar has signed, and authenticated and delivered to or upon the order of the Depositor, the Certificates (other than the Class CE, Class P and Class R Certificates) in exchange thereforminimum dollar denominations of $100,000 and integral dollar multiples of $1 in excess. The Class CE, Class P and Class R Certificates in such authorized denominations representing such Percentage are issuable only as single certificates. The Depositor hereby designates the Upper Tier Regular Interests as “regular interests” and the Depositor has requestedClass UR Interest as the single class of “residual interest” in the Upper Tier REMIC for purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Trustee agrees that it will hold Depositor hereby further designates the Mortgage Loans Lower Tier Regular Interests as “regular interests” and such other assets the Class LR Interest as may from time to time be delivered to it segregated on the books single class of “residual interest” in the Lower Tier REMIC for purposes of Code Sections 860G(a)(1) and 860G(a)(2), respectively. The Securities Administrator acknowledges the obligation of the Trustee in trust for the benefit of the Certificateholders.
(b) The DepositorClass CE Certificate to pay Cap Carryover Amounts, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the assets of REMIC I and declares that it holds and will hold any such Cap Carryover Amounts in the same in trust for the exclusive use and benefit Class CE Grantor Trust Subaccount as assets of the holders Class CE Grantor Trust on behalf of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest Holders of the Depositor in and to the REMIC I Regular Interests Offered Certificates and the other assets of REMIC II for Class B Certificates, which shall be treated as beneficially owning the benefit of right to receive the CertificateholdersCap Carryover Amounts from the Class CE Grantor Trust. The Trustee acknowledges receipt of interests evidenced by the REMIC I Regular Interests (which are uncertificated) and Certificates constitute the other assets of REMIC II and declares that it holds and will hold entire beneficial ownership interest in the same in trust for the exclusive use and benefit of the CertificateholdersTrust Fund.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American General Finance Corp)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I IV, for the benefit of the holders of the REMIC IV Interests, (ii) the REMIC II Regular Interests, and the other assets of REMIC V, for the benefit of the holders of the REMIC V Interests, (iii) the REMIC III Regular Interests, the REMIC IV Regular Interests and the REMIC V Regular Interests, and the other assets of REMIC VI, for the benefit of the holders of the REMIC VI Interests and (iv) REMIC VI Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC VII for the benefit of the holders of the REMIC VII Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests, REMIC IV Regular Interests, REMIC V Regular Interests and REMIC VI Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I V, REMIC V, REMIC VI and REMIC VII, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular IV Interests.
(c) The Depositor, concurrently with the execution and delivery hereofREMIC V Interests, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular VI Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersVII Interests, as applicable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-3)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Securities Administrator has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian, on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian, on its behalf) segregated on the books of the Trustee (or the Custodian, on its behalf) in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests and the other assets of REMIC I II for the benefit of the REMIC II Interests, (ii) the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the holders of the REMIC III Interests, and (iii) the REMIC III Regular Interests B-IO-I Regular and B-IO-P and the other assets of REMIC IV for the benefit of the holders of the REMIC IV Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests and REMIC III Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I II, REMIC III and REMIC IV, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular II Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular III Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersIV Interests, as applicable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2007-3)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, the Trustee has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee (or the Custodian on its behalf) agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it (or the Custodian on its behalf) segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the Mortgage Loans and the other assets of REMIC I for the benefit of the holders of the REMIC I Regular Interests. The Trustee acknowledges receipt of the such assets of REMIC I and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC II Interests.
(d) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests and the other assets of REMIC III for the benefit of the Holders of the Certificates (other than the Class R-I Certificates and the Class R-II Certificates). The Trustee acknowledges receipt of the REMIC II Regular Interests (which are uncertificated) and the other assets of REMIC III and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Holders of the Certificates (other than the Class R-I Certificates and the Class R-II Certificates).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-3)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the DepositorSeller, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor Seller has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) . The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I Regular Interest and the other assets of REMIC I II (including the related Mortgage Loans) for the benefit of the holders of the REMIC I Regular II Interests. The Trustee acknowledges receipt of the REMIC I Regular Interest (which are uncertificated) and the other assets of REMIC I II (including the related Mortgage Loans) and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular II Interests.
(c) . The DepositorSeller, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor Seller in and to the REMIC I II Regular Interests and the other assets of REMIC II for the benefit of the Certificateholdersholders of the REMIC III Certificates. The Trustee acknowledges receipt of the REMIC I II Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the Certificateholdersholders of the REMIC III Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Issuance of Certificates. (a) The Trustee acknowledges the assignment to it on behalf of the Trust Fund of the Mortgage Loans and the other assets comprising the Trust Fund and, concurrently therewith, has signed, and authenticated countersigned and delivered to the Depositor, in exchange therefor, Certificates in such authorized denominations representing such Percentage Fractional Undivided Interests as the Depositor has requested. The Trustee agrees that it will hold the Mortgage Loans and such other assets as may from time to time be delivered to it segregated on the books of the Trustee in trust for the benefit of the Certificateholders.
(b) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to (i) the REMIC I Regular Interests, and the other assets of REMIC I III, for the benefit of the holders of the REMIC III Interests, (ii) the REMIC II Regular Interests and the REMIC III Regular Interests, and the other assets of REMIC IV, for the benefit of the holders of the REMIC IV Interests, and (iii) the REMIC IV Regular Interests B-IO-I Regular and B-IO-P, and the other assets of REMIC V for the benefit of the holders of the REMIC V Interests. The Trustee acknowledges receipt of the REMIC I Regular Interests, REMIC II Regular Interests, REMIC III Regular Interests and REMIC IV Regular Interests B-IO-I and B-IO-P (each of which are uncertificated) and the other assets of REMIC I III, REMIC IV and REMIC V, and declares that it holds and will hold the same in trust for the exclusive use and benefit of the holders of the REMIC I Regular III Interests.
(c) The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey in trust to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular IV Interests and the other assets of REMIC II for the benefit of the Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests (which are uncertificated) and the other assets of REMIC II and declares that it holds and will hold the same in trust for the exclusive use and benefit of the CertificateholdersV Interests, as applicable.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 05 2)
