Purpose and Powers of the Trust. The purpose of the trust, as created hereunder, is to engage in the following activities: (i) to issue the Certificates to or at the direction of the Depositor in exchange for the Mortgage Loans; (ii) to perform the activities of the trust that are expressly set forth in this Agreement; (iii) to engage in those activities that are reasonably necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and (iv) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders. The trust is hereby authorized to engage in the foregoing activities.
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Samples: Pooling and Servicing Agreement (PHHMC Mortgage Pass-Through Certificates, Series 2005-4), Pooling and Servicing Agreement (PHHMC Mortgage Pass-Through Certificates, Series 2005-5), Pooling and Servicing Agreement (PHHMC Mortgage Pass-Through Certificates, Series 2005-3)