ORIGINAL ISSUANCE OF CERTIFICATES. Section 2.01.
ORIGINAL ISSUANCE OF CERTIFICATES. ACQUISITION OF TRUST PROPERTY
ORIGINAL ISSUANCE OF CERTIFICATES. Conveyance of Mortgage Loans.
ORIGINAL ISSUANCE OF CERTIFICATES. ACQUISITION OF TRUST PROPERTY
Section 2.01. AMOUNT UNLIMITED; ISSUABLE IN SERIES.
(a) The aggregate principal amount of Certificates which may be authenticated and delivered under this Basic Agreement is unlimited. The Certificates may be issued from time to time in one or more series and shall be designated generally as the "PASS THROUGH CERTIFICATES", with such further designations added or incorporated in such title for the Certificates of each series as specified in the related Trust Supplement. Each Certificate shall bear upon its face the designation so selected for the series to which it belongs. All Certificates of the same series shall be substantially identical except that the Certificates of a series may differ as to denomination and as may otherwise be provided in the Trust Supplement establishing the Certificates of such series. Each series of Certificates issued pursuant to this Agreement will evidence fractional undivided interests in the related Trust and, except as may be contained in any Intercreditor Agreement, will have no rights, benefits or interests in respect of any other Trust or the Trust Property held therein. All Certificates of the same series shall be in all respects equally and ratably entitled to the benefits of this Agreement without preference, priority or distinction on account of the actual time or times of authentication and delivery, all in accordance with the terms and provisions of this Agreement.
(b) The following matters shall be established with respect to the Certificates of each series issued hereunder by a Trust Supplement executed and delivered by and among the Company and the Trustee:
(1) the formation of the Trust as to which the Certificates of such series represent fractional undivided interests and its designation (which designation shall distinguish such Trust from each other Trust created under this Basic Agreement and a Trust Supplement);
(2) the specific title of the Certificates of such series (which title shall distinguish the Certificates of such series from each other series of Certificates created under this Basic Agreement and a Trust Supplement);
(3) any limit upon the aggregate principal amount of the Certificates of such series which may be authenticated and delivered (which limit shall not pertain to Certificates authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Certificates of the series pursuant to Sections 3.03, 3.04 and 3.06);
(4) the ...
ORIGINAL ISSUANCE OF CERTIFICATES. 16 Section 2.01. [Intentionally omitted]................................16 Section 2.02. Issuance of Certificates; Acquisition of Equipment Notes...................................................16 Section 2.03.
ORIGINAL ISSUANCE OF CERTIFICATES. ACQUISITION OF EQUIPMENT NOTES Section 2.01. [Intentionally omitted].Section 2.01. [Intentionally omitted].
ORIGINAL ISSUANCE OF CERTIFICATES. Section 2.01. Delivery of Documents; Delivery Date.................. 18 Section 2.02. Withdrawal of Deposits................................ 19 Section 2.03. The Trustee........................................... 19 Section 2.04.
ORIGINAL ISSUANCE OF CERTIFICATES. Section 2.01 Conveyance of Mortgage Loans. (See Section 2.01 of the Standard Terms)
ORIGINAL ISSUANCE OF CERTIFICATES. Section 2.01 Conveyance of Mortgage Loans and the Trust Companion Loan 109 Section 2.02 Acceptance by Trustee 114 Section 2.03 Representations, Warranties and Covenants of the Depositor; Mortgage Loan Sellers’ Repurchase or Substitution of Mortgage Loans or Trust Companion Loan for Defects in Mortgage Files and Breaches of Representations and Warranties 119 Section 2.04 Execution of Certificates; Issuance of Uncertificated Lower-Tier Interests 126 Section 2.05 Creation of the Grantor Trust 127
ORIGINAL ISSUANCE OF CERTIFICATES. Section 2.01 Conveyance of Mortgage Loans. The Company, as of the Closing Date, and concurrently with the execution and delivery hereof, does hereby assign, transfer, sell, set over and otherwise convey to the Trustee without recourse all the right, title and interest of the Company in and to (1) the Mortgage Loans identified on the Mortgage Loan Schedule (including any Prepayment Charges but exclusive of any late payment charges received thereon), (2) the rights with respect to the Servicing Agreement as assigned to the Trustee on behalf the Certificateholders by the Assignment Agreement and (3) all other assets included or to be included in the Trust Fund for the benefit of the Certificateholders. Such assignment includes all principal and interest due and received by the Servicer on or with respect to the Mortgage Loans (other than payment of principal and interest due on or before the Cut-off Date). In addition, on or prior to the Closing Date, the Depositor shall cause the Certificate Insurer to deliver the Class II-A1D2 Policy to the Trustee. The Depositor, the Master Servicer and the Trustee agree that it is not intended that any Mortgage Loan be included in the Trust that is either (i) a “High-Cost Home Loan” as defined in the New Jersey Home Ownership Act effective November 27, 2003, (ii) a “High-Cost Home Loan” as defined in the New Mexico Home Loan Protection Act effective January 1, 2004, (iii) a “High Cost Home Mortgage Loan” as defined in the Massachusetts Predatory Home Practices Act effective November 7, 2004, or (iv) a “High-Cost Home Loan” as defined in the Indiana House Enrolled Act No. 1229, effective as of January 1, 2005. In connection with such transfer and assignment, the Company has caused the Seller to deliver to, and deposit with the Custodian as agent for the Trustee, as described in the Mortgage Loan Purchase Agreement, with respect to each Mortgage Loan, the following documents or instruments:
