Common use of Transfer of Beneficial Interest in MPN Loan Clause in Contracts

Transfer of Beneficial Interest in MPN Loan. Each such Transferred MPN Loan represents a 100% beneficial interest in the related MPN Loan, and is being transferred to the Purchaser and, with respect to legal title thereto, to the Depositor Eligible Lender Trustee pursuant to this Agreement. The MPN Holder shall hold bare legal title to the Master Note solely for the benefit of all MPN Loan Holders; provided, however, that the MPN Holder may also be an MPN Loan Holder. The sale of a Transferred MPN Loan excludes an assignment of the Seller’s right to offer future MPN Loans under a Master Note. The MPN Holder shall not provide to MPN Loan Holders more than one copy of the Master Note for each MPN Loan, to be marked “Official Copy” in red ink.

Transfer of Beneficial Interest in MPN Loan. Each such Transferred MPN Loan represents a 100% beneficial interest in the related MPN Loan, and is being transferred to the Purchaser and, with respect to legal title thereto, to the Depositor Eligible Lender Trustee pursuant to this Agreement. The MPN Holder shall hold bare legal title to the Master Note solely for the benefit of all MPN Loan Holders; provided, however, that the MPN Holder may be also be an MPN Loan Holder. The sale of a Transferred MPN Loan excludes an assignment of the Seller’s right to offer future MPN Loans under a Master Note. The MPN Holder shall not provide to MPN Loan Holders more than one copy of the Master Note for each MPN Loan, to be marked “Official Copy” in red ink.

Transfer of Beneficial Interest in MPN Loan. Each such Transferred MPN Loan represents a 100% beneficial interest in the related MPN Loan, and is being transferred to the Purchaser and, with respect to legal title thereto, to the Depositor Eligible Lender Trustee pursuant to this Agreement. The MPN Holder shall hold bare legal title to the Master Note solely for the benefit of all MPN Loan Holders; providedPROVIDED, howeverHOWEVER, that the MPN Holder may be also be an MPN Loan Holder. The sale of a Transferred MPN Loan excludes an assignment of the Seller’s 's right to offer future MPN Loans under a Master Note. The MPN Holder shall not provide to MPN Loan Holders more than one copy of the Master Note for each MPN Loan, to be marked “"Official Copy” " in red ink.

Transfer of Beneficial Interest in MPN Loan. Each such Transferred MPN Loan represents a 100% beneficial interest in the related MPN Loan, and is being transferred to the Purchaser and, with respect to legal title thereto, to the Depositor Eligible Lender Trustee pursuant to this Agreement. The MPN Holder shall hold bare legal title to the Master Note solely for the benefit of all MPN Loan Holders; provided, however, that the MPN Holder may be also be an MPN Loan Holder. The sale of a Transferred MPN Loan excludes an assignment of the Seller’s 's right to offer future MPN Loans under a Master Note. The MPN Holder shall not provide to MPN Loan Holders more than one copy of the Master Note for each MPN Loan, to be marked “Official Copy” in red ink.