Ownership and Possession of Grantor Trust Certificate. Upon the issuance of the Notes, the ownership of the Grantor Trust Certificate shall be vested in the Indenture Trustee for the benefit of the Securityholders.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv), Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Empire Funding 1999-1), Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998-1)
Ownership and Possession of Grantor Trust Certificate. Upon the issuance of the Notes, the ownership of the Grantor Trust Certificate shall be vested in the Indenture Trustee for the benefit of the SecurityholdersSecurityholders and the Securities Insurer.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998 3)
