Common use of Ownership of the Certificates or Notes Clause in Contracts

Ownership of the Certificates or Notes. The Depositor may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Depositor, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the Depositor will have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates, except as expressly provided herein or in any Basic Document.

Ownership of the Certificates or Notes. The Depositor may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Depositor, except as expressly provided herein or in any Basic Document. Notes or Certificates so owned by the Depositor will have an equal and proportionate benefit under the provisions of the Basic Documents, without preference, priority, or distinction as among all of the Notes or Certificates, except as expressly provided herein or in any Basic Document.