Pledge of Collateral by Owner Trustee is Binding. The pledge of the Collateral to the Indenture Trustee by the Trust made under the Indenture and pursuant to the terms of this Agreement shall bind the Holder and shall be effective to transfer or convey the rights of the Trust and the Holder in and to such Collateral to the extent set forth in the Indenture. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such pledge or as to the application of any proceeds with respect thereto by the Owner Trustee.
Appears in 26 contracts
Samples: Trust Agreement (Homebanc Corp), Trust Agreement (TBALT Corp.), Trust Agreement (HomeBanc Mortgage Trust 2006-2)
Pledge of Collateral by Owner Trustee is Binding. The pledge of the Collateral to the Indenture Trustee by the Trust made under the Indenture and pursuant to the terms of this Agreement shall bind the Holder each Certificateholder and shall be effective to transfer or convey the rights of the Trust and the Holder each Certificateholder in and to such Collateral to the extent set forth in the Indenture. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such pledge or as to the application of any proceeds with respect thereto by the Owner Trustee.
Appears in 24 contracts
Samples: Trust Agreement (NYMT Securities CORP), Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (Fieldstone Mortgage Investment CORP)
Pledge of Collateral by Owner Trustee is Binding. The pledge of the Collateral any Trust Property to the Indenture Trustee any Person by the Trust Owner Trustee made under the Indenture any Trust Related Agreement and pursuant to the terms of this Agreement shall bind the Holder Owners and shall be effective to transfer or convey the rights of the Trust Owner Trustee and the Holder Owners in and to such Collateral Trust Property to the extent set forth in the Indenturesuch Trust Related Agreement. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such pledge or as to the application of any proceeds with respect thereto by the Owner Trustee.
Appears in 23 contracts
Samples: Alternative Servicing Agreement, Trust Agreement, Trust Agreement
Pledge of Collateral by Owner Trustee is Binding. The pledge of the Collateral to the Indenture Trustee by the Trust made under the Indenture and pursuant to the terms of this Agreement shall bind the Holder Certificateholders and shall be effective to transfer or convey the rights of the Trust and the Holder Certificateholders in and to such Collateral to the extent set forth in the Indenture. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such pledge or as to the application of any proceeds with respect thereto by the Owner Trustee.
Appears in 23 contracts
Samples: Trust Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2007-H1), Trust Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H2), Trust Agreement (Indymac MBS Inc)
Pledge of Collateral by Owner Trustee is Binding. The pledge of the Collateral any Trust Estate to the Indenture Trustee any Person by the Trust Owner Trustee made under the Indenture any Basic Document and pursuant to the terms of this Agreement shall bind the Holder Owners and shall be effective to transfer or convey the rights of the Trust Owner Trustee and the Holder Owners in and to such Collateral Trust Estate to the extent set forth in the Indenturesuch Basic Document. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such pledge or as to the application of any proceeds with respect thereto by the Owner Trustee.
Appears in 16 contracts
Samples: Trust Agreement (SLC Student Loan Trust 2007-1), Trust Agreement (Wells Fargo Student Loans Receivables I LLC), Trust Agreement (SLC Private Student Loan Trust 2006-A)
Pledge of Collateral by Owner Trustee is Binding. The pledge of the Collateral to the Indenture Trustee by the Trust made under the Indenture and pursuant to the terms of this Agreement shall bind the Holder Holders and shall be effective to transfer or convey the rights of the Trust and the Holder Holders in and to such Collateral to the extent set forth in the Indenture. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such pledge or as to the application of any proceeds with respect thereto by the Owner Trustee.
Appears in 11 contracts
Samples: Trust Agreement (Thornburg Mortgage Securities Corp), Trust Agreement (Greenpoint Mortgage Funding Trust 2005-He4), Trust Agreement (Thornburg Mortgage Securities Trust 2007-1)
Pledge of Collateral by Owner Trustee is Binding. The pledge of the Collateral Trust Estate to the Indenture Trustee any Person by the Trust Owner Trustee made under the Indenture any Basic Document and pursuant to the terms of this Agreement shall bind the Holder Owners and shall be effective to transfer or convey the rights of the Trust Owner Trustee and the Holder Owners in and to such Collateral the Trust Estate to the extent set forth in the Indenturesuch Basic Document. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such pledge or as to the application of any proceeds with respect thereto by the Owner Trustee.
Appears in 3 contracts
Samples: Trust Agreement (SLC Student Loan Trust 2010-1), Trust Agreement (SLC Student Loan Receivables I Inc), Trust Agreement (SLC Student Loan Trust 2009-3)
Pledge of Collateral by Owner Trustee is Binding. The pledge of the Collateral to the Indenture Note Trustee by the Trust Owner Trustee made under the Indenture and pursuant to the terms of this Agreement shall bind the Holder Owners and shall be effective to transfer or and convey the rights of the Trust Owner Trustee and the Holder Owners in and to such Collateral to the extent set forth in the Indenture. No Other than as required by the Indenture, no purchaser or other grantee of the Collateral shall be required to inquire as to the authorization, necessity, expediency or regularity of such pledge or as to the application of any proceeds with respect thereto by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Mid-State Homes Inc), Trust Agreement (Mid State Trust Vi)
Pledge of Collateral by Owner Trustee is Binding. The pledge of the Collateral any Trust Property to the Indenture Trustee any Person by the Trust Owner Trustee made under the Indenture any Basic Document and pursuant to the terms of this Agreement shall bind the Holder Owners and shall be effective to transfer or convey the rights of the Trust Owner Trustee and the Holder Owners in and to such Collateral Trust Property to the extent set forth in the Indenturesuch Basic Document. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such pledge or as to the application of any proceeds with respect thereto by the Owner Trustee.
Appears in 2 contracts
Samples: Trust Agreement (Pheaa Student Loan Foundation Inc), Amended and Restated Trust Agreement (SLC Student Loan Receivables I Inc)
Pledge of Collateral by Owner Trustee is Binding. The pledge of the Collateral to the Indenture Trustee by the Trust made under the Indenture and pursuant to the terms of this Agreement shall bind the Holder Owners and shall be effective to transfer or convey the rights of the Trust and the Holder Owners in and to such Collateral to the extent set forth in the Indenture. No purchaser or other grantee shall be required to inquire as to the authorization, necessity, expediency or regularity of such pledge or as to the application of any proceeds with respect thereto by the Owner Trustee.
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