Common use of Opinions as to the Trust Estate Clause in Contracts

Opinions as to the Trust Estate. On or before March 15th in each calendar year, beginning in 2004, the Master Servicer, on behalf of the Trust, shall furnish to the Backup Servicer, the Indenture Trustee and the Note Insurer an Opinion of Counsel reasonably satisfactory in form and substance to the Indenture Trustee and the Note Insurer either stating that, in the opinion of such counsel, such action has been taken as is necessary to maintain the lien and security interest created by this Indenture and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe all such action, if any, that will, in the opinion of such counsel, be required to be taken to maintain the lien and security interest of this Indenture with respect to the Trust Estate until September 1st in the following calendar year.

Appears in 2 contracts

Samples: Indenture (Accredited Mortgage Loan Trust 2003-2), Indenture (Accredited Mortgage Loan Trust 2003-3)

AutoNDA by SimpleDocs

Opinions as to the Trust Estate. On or before March 15th in each calendar year, beginning in 2004, the Master Servicer, on behalf of the Trust, shall furnish to the Backup Servicer, the Indenture Trustee and the Note Insurer an Opinion of Counsel reasonably satisfactory in form and substance to the Indenture Trustee and the Note Insurer either stating that, in the opinion of such counsel, such action has been taken as is necessary to maintain the lien and security interest created by this Indenture and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe all such action, if any, that will, in the opinion of such counsel, be required to be taken to maintain the lien and security interest of this Indenture with respect to the Trust Estate until September May 1st in the following calendar year.

Appears in 1 contract

Samples: Indenture (Accredited Mort Loan Trust Asset Back Notes Series 2003-1)

Opinions as to the Trust Estate. On or before March 15th April 30th in each calendar year, beginning in 20042001, the Master Servicer, on behalf of the Trust, shall furnish to the Backup Servicer, the Indenture Trustee and the Note Insurer an Opinion of Counsel reasonably satisfactory in form and substance to the Indenture Trustee and the Note Insurer either stating that, in the opinion of such counsel, such action has been taken as is necessary to maintain the lien and security interest created by this Indenture and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe all such action, if any, that will, in the opinion of such counsel, be required to be taken to maintain the lien and security interest of this Indenture with respect to the Trust Estate until September May 1st in the following calendar year.

Appears in 1 contract

Samples: Indenture (Accredited Home Lenders Inc)

Opinions as to the Trust Estate. On or before March 15th in each calendar year, beginning in 2004200[_], the Master Servicer, on behalf of the TrustIssuing Entity, shall furnish to the Backup Servicer, the Indenture Trustee and the Note Insurer an Opinion of Counsel reasonably satisfactory in form and substance to the Indenture Trustee and the Note Insurer either stating that, in the opinion of such counsel, such action has been taken as is necessary to maintain the lien and security interest created by this Indenture and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe all such action, if any, that will, in the opinion of such counsel, be required to be taken to maintain the lien and security interest of this Indenture with respect to the Trust Estate until September May 1st in the following calendar year.

Appears in 1 contract

Samples: Indenture (Accredited Mortgage Loan REIT Trust)

AutoNDA by SimpleDocs

Opinions as to the Trust Estate. On or before March 15th in each calendar year, beginning in 20042005, the Master Servicer, on behalf of the Trust, shall furnish to the Backup Servicer, the Indenture Trustee and the Note Insurer an Opinion of Counsel reasonably satisfactory in form and substance to the Indenture Trustee and the Note Insurer either stating that, in the opinion of such counsel, such action has been taken as is necessary to maintain the lien and security interest created by this Indenture and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe all such action, if any, that will, in the opinion of such counsel, be required to be taken to maintain the lien and security interest of this Indenture with respect to the Trust Estate until September February 1st in the following calendar year.

Appears in 1 contract

Samples: Indenture (Accredited Home Lenders Inc Mortgage Loan Trust 2004-1)

Opinions as to the Trust Estate. On or before March 15th in each calendar year, beginning in 20042005, the Master Servicer, on behalf of the Trust, shall furnish to the Backup Servicer, the Indenture Trustee and the Note Insurer an Opinion of Counsel reasonably satisfactory in form and substance to the Indenture Trustee and the Note Insurer either stating that, in the opinion of such counsel, such action has been taken as is necessary to maintain the lien and security interest created by this Indenture and reciting the details of such action or stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe all such action, if any, that will, in the opinion of such counsel, be required to be taken to maintain the lien and security interest of this Indenture with respect to the Trust Estate until September May 1st in the following calendar year.

Appears in 1 contract

Samples: Indenture (Accredited Mortgage Loan Trust 2004-2)

Time is Money Join Law Insider Premium to draft better contracts faster.