Issuance of Initial Certificates. Upon the sale, assignment and transfer of the Mortgage Loans by the Depositor to the Trust pursuant to Section 2.01 of the Sale and Servicing Agreement, the Owner Trustee shall issue the Class B Certificates and Class R Certificates to or at the direction of the Initial Holder and the Class L Certificates to the Initial Holder.
Appears in 3 contracts
Samples: Trust Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H4), Trust Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2007-H1), Trust Agreement (Indymac MBS Inc)
Issuance of Initial Certificates. Upon the sale, assignment and transfer of the Mortgage Loans by the Depositor to the Trust pursuant to Section 2.01 of the Sale and Servicing Agreement, the Owner Trustee shall issue the Class B Certificates, Class R Certificates and Class R P Certificates to or at the direction of the Initial Holder and the Class L Certificates to the Initial Holder.
Appears in 2 contracts
Samples: Trust Agreement (Indymac MBS Inc), Trust Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H2)
