Common use of Possession of SBA Files Clause in Contracts

Possession of SBA Files. (a) Upon the issuance of the Certificates, the ownership of each SBA Note, the Mortgage and the contents of the related SBA File relating to the Initial SBA Loans is, and upon each Subsequent Transfer Date the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the applicable Subsequent SBA Loans will be, vested in the Trustee for the benefit of the SBA and the Certificateholders, as their interests may appear. (b) Pursuant to Section 2.04, with respect to the Initial SBA Loans, the Seller has delivered or caused to be delivered, and, on each Subsequent Transfer Date, the Seller will deliver or cause to be delivered, each SBA Note relating to an SBA ss. 7(a) Loan to the FTA.

Possession of SBA Files. (a) Upon the issuance of the Certificates, the ownership of each SBA Note, the Mortgage and the contents of the related SBA File relating to the Initial SBA Loans is, and upon each Subsequent Transfer Date the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the applicable Subsequent SBA Loans will be, vested in the Trustee for the benefit of the SBA and the Certificateholders, as their interests may appear. (b) Pursuant to Section 2.04, with respect to the Initial SBA Loans, the Seller has Sellers have delivered or caused to be delivered, and, on each Subsequent Transfer Date, the Seller Bank will deliver or cause to be delivered, each SBA Note relating to an SBA ss. Section 7(a) Loan to the FTA.

Possession of SBA Files. (a) Upon the issuance of the Certificates, the ownership of each SBA Note, the Mortgage and the contents of the related SBA File relating to the Initial SBA Loans is, and upon each Subsequent Transfer Date the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the applicable Subsequent SBA Loans will be, vested in the Trustee for the benefit of the SBA and the Certificateholders, as their interests may appear. (b) Pursuant to Section 2.04, with respect to the Initial SBA Loans, the Seller has Sellers have delivered or caused to be delivered, and, on each Subsequent Transfer Date, the Seller Sellers will deliver or cause to be delivered, each SBA Note relating to an SBA ss. 7(a) Loan to the FTA.

Possession of SBA Files. (a) Upon the issuance of the Certificates, the ownership of each SBA Note, the Mortgage and the contents of the related SBA File relating to the Initial SBA Loans is, and upon each Subsequent Transfer Date the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the applicable Subsequent SBA Loans will be, vested in the Trustee for the benefit of the SBA and the Certificateholders, as their interests may appear. (b) Pursuant to Section 2.04, with respect to the Initial SBA Loans, the Seller has Sellers have delivered or caused to be delivered, and, on each Subsequent Transfer Date, the Seller Sellers will deliver or cause to be delivered, each SBA Note relating to an SBA ss. Section 7(a) Loan to the FTA.

Possession of SBA Files. (a) Upon the issuance of the Certificates, the ownership of each SBA Note, the Mortgage and the contents of the related SBA File relating to the Initial SBA Loans is, and upon each Subsequent Transfer Date the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the applicable Subsequent SBA Loans will be, vested in the Trustee for the benefit of the SBA and the Certificateholders, as their interests may appear. (b) Pursuant to Section 2.04, with respect to the Initial SBA Loans, the Seller has Sellers have delivered or caused to be delivered, and, on each Subsequent Transfer Date, the Seller Sellers will deliver or cause to be delivered, each SBA Note relating to an SBA ss. Section 7(a) Loan to the FTAAgent of the SBA and each other SBA Note to the Trustee.

Possession of SBA Files. (a) Upon the issuance of the Certificates, the ownership of each SBA Note, the Mortgage and the contents of the related SBA File relating to the Initial SBA Loans is, and upon each Subsequent Transfer Date the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the applicable Subsequent SBA Loans will be, vested in the Trustee for the benefit of the SBA and the Certificateholders, as their interests may appear. (b) Pursuant to Section 2.04, with respect to the Initial SBA Loans, the Seller has delivered or caused to be delivered, and, on each Subsequent Transfer Date, the Seller will deliver or cause to be delivered, each SBA Note relating to an SBA ss. Section 7(a) Loan to the FTA.

Possession of SBA Files. (a) Upon the issuance of the Certificates, the ownership of each SBA Note, the Mortgage and the contents of the related SBA File relating to the Initial SBA Loans is, and upon each Subsequent Transfer Date the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the applicable Subsequent SBA Loans will be, vested in the Trustee for the benefit of the SBA and the Certificateholders, as their interests may appear. (b) Pursuant to Section 2.04, with respect to the Initial SBA Loans, the Seller has delivered or caused to be delivered, and, on each Subsequent Transfer Date, the Seller will deliver or cause to be delivered, each SBA Note relating to an SBA ss. (S) 7(a) Loan to the FTA.