Common use of Protection of Collateral Clause in Contracts

Protection of Collateral. 17 Section 3.06 Opinions as to Contracts................................................................. 18 Section 3.07 Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 Negative Covenants....................................................................... 20 Section 3.09 Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11

Protection of Collateral. 17 Section 3.06 Opinions as to Contracts................................................................. Collateral...............................................18 Section 3.07 Performance of Obligations; Servicing of Contracts....................................... ......................18 Section 3.08 Negative Covenants....................................................................... ......................................................20 Section 3.09 Annual Statement as to Compliance........................................................ .......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... ......................21 Section 3.11

Protection of Collateral. 17 Section 3.06 36 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral................... 37 SECTION 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 Servicing; Commission Filings........................ 38 SECTION 3.08. Negative Covenants....................................................................... 20 Section 3.09 .......................... 41 SECTION 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11........... 42

Protection of Collateral. 17 16 Section 3.06 3.06. Opinions as to Contracts................................................................. 18 Collateral........................................................16 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 ...............................16 Section 3.08 3.08. Negative Covenants....................................................................... 20 ...............................................................17 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 ................................................18 Section 3.10 3.10. Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 ...............................18 Section 3.11. Successor or Transferee..........................................................19 Section 3.12.

Protection of Collateral. 17 21 Section 3.06 3.06. Opinions as to Contracts................................................................. 18 Collateral.....................................21 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 ....................................21 Section 3.08 3.08. Negative Covenants....................................................................... 20 ............................................22 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11.............................23

Protection of Collateral. 17 13 Section 3.06 3.06. Opinions as to Contracts................................................................. 18 Collateral......................................... 14 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 ................ 14 Section 3.08 3.08. Negative Covenants....................................................................... 20 Section 3.09 Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11................................................ 15

Protection of Collateral. 17 21 Section 3.06 3.06. Opinions as to Contracts................................................................. 18 Collateral......................................................................21 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 .....................................................................21 Section 3.08 3.08. Negative Covenants....................................................................... 20 .............................................................................22 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11..............................................................23

Protection of Collateral. 17 Section 3.06 36 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral.................................. 37 SECTION 3.07. Performance of Obligations; Servicing of ContractsServicing; Commission Filings....................................... 18 Section 3.08 38 SECTION 3.08. Negative Covenants....................................................................... 20 Section 3.09 Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate......................................... 41 Contents, etcpg. Only on Certain Terms....................................... 21 Section 3.11ii

Protection of Collateral. 17 16 Section 3.06 Opinions as to Contracts................................................................. 18 Collateral.....................................17 Section 3.07 Performance of Obligations; Servicing of Contracts....................................... 18 SEC Filings.......................17 Section 3.08 Negative Covenants....................................................................... 20 ............................................19 Section 3.09 Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11.............................19

Protection of Collateral. 17 16 Section 3.06 Opinions as to Contracts................................................................. 18 Collateral.....................................17 Section 3.07 Performance of Obligations; Servicing of Contracts....................................... 18 SEC Filings.......................17 Section 3.08 Negative Covenants....................................................................... 20 ............................................19 Section 3.09 Annual Statement as to Compliance........................................................ 20 .............................19 i <PAGE> Section 3.10 Issuer May Consolidate, etc. ., Only on Certain Terms....................................... 21 ...........20 Section 3.113.11 Successor or Transferee.......................................22 Section 3.12 No Other Business.............................................22 Section 3.13 No Borrowing..................................................22 Section 3.14 Guarantees, Loans, Advances and Other Liabilities.............22 Section 3.15 Capital Expenditures..........................................22 Section 3.16

Protection of Collateral. 17 Section 3.06 Opinions as to Contracts................................................................. 3.06. Reserved...............................................18 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... Loans.........18 Section 3.08 3.08. Negative Covenants....................................................................... 20 .....................................19 Section 3.09 3.09. Annual Statement as to Compliance........................................................ ......................20 Section 3.10 Issuer May Consolidate, etc3.10. Only on Certain Terms....................................... Covenants of the Issuer................................21 Section 3.11. Servicer's Obligations.................................21 Section 3.12.

Protection of Collateral. 17 20 Section 3.06 3.06. Opinions as to Contracts................................................................. 18 Collateral....................................21 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 ...................................21 Section 3.08 3.08. Negative Covenants....................................................................... 20 ...........................................22 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11............................23

Protection of Collateral. 17 Section 3.06 28 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral................................................... 29 SECTION 3.07. Performance of Obligations; Servicing of ContractsServicing....................................... 18 Section 3.08 29 SECTION 3.08. Negative Covenants....................................................................... 20 Section 3.09 .......................................................... 31 SECTION 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11........................................... 32

Protection of Collateral. 17 24 Section 3.06 3.06. Opinions as to Contracts................................................................. 18 Collateral...................................................................24 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Servicing; Commission Filings...................................25 Section 3.08 3.08. Negative Covenants....................................................................... 20 ..........................................................................27 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 ...........................................................27 Section 3.10 3.10. Note Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 ............................................................28 Section 3.11. Successor or Transferee.....................................................................29

Protection of Collateral. 17 Section 3.06 Opinions as to Contracts................................................................. ......................................................... 18 Section 3.07 Performance of Obligations; Servicing of Contracts....................................... ............................... 18 Section 3.08 Negative Covenants....................................................................... ............................................................... 20 Section 3.09 Annual Statement as to Compliance........................................................ ................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... ............................... 21 Section 3.11

Protection of Collateral. 17 Section 3.06 27 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral.....................................28 SECTION 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 ............28 SECTION 3.08. Negative Covenants....................................................................... 20 Section 3.09 ............................................30 SECTION 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11.............................31

Protection of Collateral. 17 14 Section 3.06 3.06. Annual Opinions as to Contracts................................................................. 18 Collateral................................................. 15 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 ....................................................... 15 Section 3.08 3.08. Negative Covenants....................................................................... 20 ............................................................... 16 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 ................................................ 17 Section 3.10 3.10. Covenants of the Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Trust.................................................... 18 Section 3.11.

Protection of Collateral. 17 20 Section 3.06 3.06. Annual Opinions as to Contracts................................................................. 18 Collateral..........................20 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Home Loans.......21 Section 3.08 3.08. Negative Covenants....................................................................... 20 ........................................22 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 .........................23 Section 3.10 Issuer May Consolidate, etc3.10. Only on Certain Terms....................................... 21 Covenants of the Issuer...................................23 Section 3.11. Servicer's Obligations....................................23 Section 3.12.

Protection of Collateral. 17 Section 3.06 28 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral................................................................29 SECTION 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 ...............................................................29 SECTION 3.08. Negative Covenants....................................................................... 20 Section 3.09 .......................................................................30 SECTION 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11........................................................30

Protection of Collateral. 17 Section 3.06 28 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral.......................................................28 SECTION 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 ......................................................29 SECTION 3.08. Negative Covenants....................................................................... 20 Section 3.09 ..............................................................29 SECTION 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11...............................................30

Protection of Collateral. 17 Section 3.06 36 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral................................36 SECTION 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 Servicing; SEC Filings.......38 SECTION 3.08. Negative Covenants....................................................................... 20 Section 3.09 .......................................40 SECTION 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11........................41

Protection of Collateral. 17 Section 3.06 15 SECTION 3.5. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral..............................15 SECTION 3.6. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 Receivables............................................15 SECTION 3.7. Negative Covenants....................................................................... 20 Section 3.09 .....................................16 SECTION 3.8. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc......................17 SECTION 3.9. Only on Certain Terms....................................... 21 Section Covenants of the Issuer................................18 SECTION 3.10. Investment Company Act.................................18 SECTION 3.11.

Protection of Collateral. 17 ..22 Section 3.06 3.06. Annual Opinions as to Contracts................................................................. 18 Collateral...............................23 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 .....................................23 Section 3.08 3.08. Negative Covenants....................................................................... 20 .............................................24 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 ..............................25 Section 3.10 Issuer May Consolidate, etc3.10. Only on Certain Terms....................................... 21 Covenants of the Issuer........................................26 Section 3.11.

Protection of Collateral. 17 Section 3.06 Opinions as to Contracts................................................................. ........................................................ 18 Section 3.07 Performance of Obligations; Servicing of Contracts....................................... .............................. 18 Section 3.08 Negative Covenants....................................................................... .............................................................. 20 Section 3.09 Annual Statement as to Compliance........................................................ ............................................... 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... .............................. 21 Section 3.11

Protection of Collateral. 17 Section 3.06 Opinions as to Contracts................................................................. ................................................... 18 Section 3.07 Performance of Obligations; Servicing of Contracts....................................... ......................... 18 Section 3.08 Negative Covenants....................................................................... ......................................................... 20 Section 3.09 Annual Statement as to Compliance........................................................ .......................................... 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... ......................... 21 Section 3.11

Protection of Collateral. 17 Section 3.06 24 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral.........................................................24 SECTION 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 ........................................................25 SECTION 3.08. Negative Covenants....................................................................... 20 Section 3.09 ................................................................25 SECTION 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11.................................................26

Protection of Collateral. 17 21 Section 3.06 3.06. Opinions as to Contracts................................................................. 18 Collateral........................................................22 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 ...............................22 Section 3.08 3.08. Negative Covenants....................................................................... 20 Section 3.09 Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11...............................................................24

Protection of Collateral. 17 23 Section 3.06 3.06. Annual Opinions as to Contracts................................................................. 18 Collateral............................ 24 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Mortgage Loans..... 24 Section 3.08 3.08. Negative Covenants....................................................................... 20 .......................................... 26 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 ........................... 27 Section 3.10 Issuer May Consolidate, etc3.10. Only on Certain Terms....................................... 21 Covenants of the Issuer..................................... 28 Section 3.11. Servicer's Obligations...................................... 28 i 3 Page ----

Protection of Collateral. 17 Section 3.06 Opinions as to Contracts................................................................. 18 Section 3.07 3.06. Negative Covenants ..................................... 18 Section 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Loans ......... 19 Section 3.08 Negative Covenants....................................................................... 3.08. Reserved ............................................... 20 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 Compliance ...................... 21 Section 3.10 3.10. Covenants of the Issuer May Consolidate, etc. Only on Certain Terms....................................... ................................ 21 Section 3.11. Servicer's Obligations ................................. 21 Section 3.12.

Protection of Collateral. 17 26 Section 3.06 3.06. Opinions as to Contracts................................................................. 18 Collateral........................... 27 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Servicing; Commission Filings............................................. 27 Section 3.08 3.08. Negative Covenants....................................................................... 20 .................................. 29 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 ................... 30 Section 3.10 3.10. Note Issuer May Consolidate, etc. ., Only on Certain Terms....................................... 21 ............................................... 30 Section 3.11. Successor or Transferee............................. 32 Section 3.12. No Other Business................................... 32 Section 3.13. No Borrowing........................................ 32 Section 3.14. Servicer's Obligations.............................. 32 TABLE OF CONTENTS (CONTINUED) PAGE

Protection of Collateral. 17 Section 3.06 12 SECTION 3.6. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral.................................................................. 12 SECTION 3.7. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 Mortgage Loans.................................... 13 SECTION 3.8. Negative Covenants....................................................................... 20 Section 3.09 ......................................................................... 14 SECTION 3.9. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11.......................................................... 15

Protection of Collateral. 17 Section 3.06 19 SECTION 3.6. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral.............................................................20 SECTION 3.7. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 ............................................................20 SECTION 3.8. Negative Covenants....................................................................... 20 Section 3.09 ....................................................................21 SECTION 3.9. Annual Statement as to Compliance........................................................ 20 Section 3.10 .....................................................21 SECTION 3.10. Issuer May Consolidate, etc. ., Only on Certain Terms....................................... ...................................21 Section SECTION 3.11. Successor or Transferee...............................................................22

Protection of Collateral. 17 Section 3.06 Opinions as to Contracts................................................................. 18 Section 3.07 3.06. Negative Covenants ....................................... 19 Section 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 Negative Covenants....................................................................... Loans ........... 20 Section 3.09 3.08. Reserved ................................................. 21 Section 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... Compliance ........................ 21 Section 3.10. Covenants of the Issuer .................................. 22 Section 3.11. Servicer's Obligations ................................... 22 Section 3.12.

Protection of Collateral. 17 26 Section 3.06 3.06. Opinions as to Contracts................................................................. 18 Collateral.............................................................27 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Servicing; Commission Filings.............................27 Section 3.08 3.08. Negative Covenants....................................................................... 20 ....................................................................29 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 .....................................................29 Section 3.10 3.10. Note Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11......................................................30

Protection of Collateral. 17 Section 3.06 19 SECTION 3.6. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral...................................................................20 SECTION 3.7. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 ..................................................................20 SECTION 3.8. Negative Covenants....................................................................... 20 Section 3.09 ..........................................................................21 SECTION 3.9. Annual Statement as to Compliance........................................................ 20 Section 3.10 ...........................................................21 SECTION 3.10. Issuer May Consolidate, etc. ., Only on Certain Terms....................................... ........................................21 Section SECTION 3.11. Successor or Transferee....................................................................22

Protection of Collateral. 17 23 Section 3.06 3.06. Annual Opinions as to Contracts................................................................. 18 Collateral..................................................... 23 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 ........................................................... 24 Section 3.08 3.08. Negative Covenants....................................................................... 20 ................................................................... 25 Section 3.09 3.09. Annual Statement as to Compliance........................................................ 20 .................................................... 26 Section 3.10 Issuer May Consolidate, etc3.10. Only on Certain Terms....................................... 21 Covenants of the Issuer.............................................................. 27 Section 3.11.

Protection of Collateral. 17 Section 3.06 24 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral................................24 SECTION 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 Servicing; SEC Filings.......25 SECTION 3.08. Certain Negative Covenants....................................................................... 20 Section 3.09 ...............................28 SECTION 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 ........................29 SECTION 3.10. Issuer May Consolidate, etc. ., Only on Certain Terms....................................... 21 Section ......29 SECTION 3.11. Successor or Transferee..................................31 SECTION 3.12. No Other Business........................................31 SECTION 3.13. No Borrowing.............................................32

Protection of Collateral. 17 Section 3.06 24 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral.....................................24 SECTION 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 ....................................24 SECTION 3.08. Negative Covenants....................................................................... 20 Section 3.09 ............................................25 SECTION 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11.............................25

Protection of Collateral. 17 Section 3.06 28 SECTION 3.06. Opinions as to Contracts................................................................. 18 Section 3.07 Collateral............................................28 SECTION 3.07. Performance of Obligations; Servicing of Contracts....................................... 18 Section 3.08 ...........................................29 SECTION 3.08. Negative Covenants....................................................................... 20 Section 3.09 ...................................................29 SECTION 3.09. Annual Statement as to Compliance........................................................ 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms....................................... 21 Section 3.11....................................30