THE TRANSFEROR CERTIFICATES. (a) Pursuant to Section 3806(b)(2) of the Business Trust Statute, the Trust may issue Transferor Certificates in one or more Series, the principal terms of which shall be in a Series Trust Supplement for the Series. The Transferor Certificates of all outstanding Series shall be equally and ratably entitled to the benefits of this Master Trust Agreement, without preference, priority, or distinction, except, with respect to any Series as provided in the related Series Trust Supplement and except that no Transferor Certificate shall have any interest in any subtrust or the assets of any subtrust other than its related subtrust.
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Samples: Master Trust Agreement (Cwabs Master Trust Series 2004-B), Master Trust Agreement (Cwabs Inc), Master Trust Agreement (Cwabs Inc)
