Common use of REMIC-Related Covenants Clause in Contracts

REMIC-Related Covenants. For as long as any REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor or the Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion prepared at the expense of the Trust; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the Trust.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has have received a REMIC Opinion prepared at the expense of the TrustIssuing Entity; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator Master Servicer shall act in accordance herewith to assure continuing treatment of treat such REMIC as a REMIC, and the Trustee and the Securities Administrator Master Servicer shall comply with any written directions of the Depositor Trustee or the Servicer Securities Administrator to assure such continuing treatment. In particular, the Trustee and the Securities Administrator Master Servicer shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account either the Collection Account or the Distribution Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC an Opinion of Counsel prepared at the expense of the TrustTrust Fund stating that such contribution will not result in an Adverse REMIC Event; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day (as defined in Section 9.01(b)) without receipt of a an Opinion of Counsel stating that such contribution will not result in an Adverse REMIC Opinion prepared at the expense of the TrustEvent.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of each such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion prepared at the expense of the Trust; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Sponsor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement, Subsequent Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a an Opinion of Counsel stating that such contribution will not result in an Adverse REMIC Opinion prepared at the expense of the TrustEvent as defined in Section 11.01(f).

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the Company or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (except as otherwise expressly permitted by this Agreement) (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.02 or 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at Opinion; or (c) acquire any assets for any REMIC other than any REO Property after the expense Startup Day without receipt of the Trusta REMIC Opinion.

REMIC-Related Covenants. For as long as any the REMIC created hereunder Trust shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC Trust as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Assignment, Assumption and Recognition Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any the REMIC Trust after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee .

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the Company, the Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any the REMIC created hereunder Trust shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the Company, the Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any the REMIC Trust after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure ensure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (unless expressly permitted under the terms of this Agreement) (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement Agreement, Section 2.04 or Section 2.03 2.07 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense Trustee; or (c) acquire any assets for any REMIC other than any REO Property after the Startup Day without receipt of the Trusta REMIC Opinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the Company, the Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (except as otherwise expressly permitted by this Agreement) (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.02 or 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at Opinion; or (c) acquire any assets for any REMIC other than any REO Property after the expense Startup Day without receipt of the Trusta REMIC Opinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator MBIA has received a REMIC Opinion addressed to the Trustee and MBIA prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee and MBIA.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the Company, the Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (except as otherwise expressly permitted by this Agreement) (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at Opinion; or (c) acquire any assets for any REMIC other than any REO Property after the expense Startup Day without receipt of the Trusta REMIC Opinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such each REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the Company, the Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any each 2004-11 REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2004-11 REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any 2004-11 REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee.

REMIC-Related Covenants. For as long as any each 2004-7 REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2004-7 REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any 2004-7 REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee .

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Sponsor, the Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any each 2006-2 REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2006-2 REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any 2006-2 REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee.

REMIC-Related Covenants. For as long as any each 2004-9 REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2004-9 REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any 2004-9 REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee.

REMIC-Related Covenants. For as long as any each 2003-6 REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2003-6 REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any 2003-6 REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the Servicer or the Master Servicer to assure such continuing treatment. In particular, neither the Trustee and nor the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has have received a REMIC Opinion prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement Agreements or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a Opinion of Counsel stating that such contribution will not result in an Adverse REMIC Opinion prepared at the expense of the TrustEvent as defined in Section 11.01(f).

REMIC-Related Covenants. For as long as any each 2005-3 REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2005-3 REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any 2005-3 REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Sponsor, the Company, the Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator Radian has received a REMIC Opinion addressed to the Trustee and Radian prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee and Radian.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has MBIA have received a REMIC Opinion addressed to the Trustee and MBIA prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee and MBIA.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Sponsor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has have received a REMIC Opinion prepared at the expense of the TrustIssuing Entity; and (b) other than with respect to a substitution pursuant to the Stack II Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at Opinion; or (c) or acquire any assets for any REMIC other than any REO Property after the expense Startup Day without receipt of the Trusta REMIC Opinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the ethe Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee .

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion prepared at the expense of the TrustIssuing Entity; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any each 2006-1 REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2006-1 REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any 2006-1 REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply shallcomply with any written directions of the Depositor Depositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee .

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Sponsor, the Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement, Subsequent Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a an Opinion of Counsel stating that such contribution will not result in an Adverse REMIC Opinion prepared at the expense of the TrustEvent as defined in Section 11.01(f).

REMIC-Related Covenants. For as long as any each 2006-3 REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2006-3 REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement, the Subsequent Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any 2006-3 REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense Trustee; or (c) acquire any assets for any REMIC (except as otherwise expressly permitted by this Agreement) other than any REO Property after the Startup Day without receipt of the Trusta REMIC Opinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee Securities Administrator and the Securities Administrator Trustee shall each act in accordance herewith to assure continuing treatment of treat such REMIC as a REMIC, and the Trustee Securities Administrator and the Securities Administrator Trustee shall each comply with any written directions of the Depositor Seller, the Master Servicer, the Backup Servicer or the Servicer to assure such continuing treatment. In particular, the Trustee and neither the Securities Administrator nor the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has and Trustee have received a REMIC Opinion prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicableor the acquisition of a Subsequent Mortgage Loan in accordance with Section 2.01, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared of Counsel at the expense of the TrustTrust Fund stating that such contribution will not result in an Adverse REMIC Event as deferred in Section 9.11.

REMIC-Related Covenants. (a). For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion Opinion, prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at Opinion. In addition, the expense Trustee shall comply with all of the Trustrequirements of Treasury Regulation ss. 1.860F-2(a)(2), including, without limitation, the requirement that each REMIC account for items of income and ownership of assets in a manner that respects the separate existence of each REMIC.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Sponsor, the Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement, Subsequent Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a an Opinion of Counsel stating that such contribution will not result in an Adverse REMIC Opinion prepared at the expense Event as defined in Section 11.01(f) of the Trustthis Agreement.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or affirmatively permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense of the TrustTrustee.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller, the related Servicer, the related Interim Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a Opinion of Counsel stating that such contribution will not result in an Adverse REMIC Opinion prepared at the expense of the TrustEvent as defined in Section 11.01(f).

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense Trustee; or (c) acquire any assets for any REMIC (except as otherwise expressly permitted by this Agreement) other than any REO Property after the Startup Day without receipt of the Trusta REMIC Opinion.

REMIC-Related Covenants. For as long as any each REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Seller or the Master Servicer to assure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has has received a REMIC Opinion prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to of a Mortgage Loan in breach of a representation or warranty in the Underlying Purchase Agreement, the Mortgage Loan Purchase Agreement or Section 2.03 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion prepared at the expense of the TrustOpinion.

REMIC-Related Covenants. For as long as any the Trust REMIC created hereunder shall exist, the Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such the Trust REMIC as a REMIC, and the Trustee and the Securities Administrator shall comply with any written directions of the Depositor Depositor, the related Servicer or the Master Servicer to assure ensure such continuing treatment. In particular, the Trustee and the Securities Administrator shall not (unless expressly permitted under the terms of this Agreement) (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an account Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or each of the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Trustee prepared at the expense of the TrustTrust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement Agreement, Section 2.04 or Section 2.03 2.07 of this Agreement, as applicable, accept any contribution to any the Trust REMIC after the Startup Day without receipt of a REMIC Opinion prepared at addressed to the expense Trustee; or (c) acquire any assets for the Trust REMIC other than any REO Property after the Startup Day without receipt of the Trusta REMIC Opinion.