Common use of Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates Clause in Contracts

Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates. (a) Upon the presentation and surrender by any Certificateholder of its Exchangeable REMIC Certificates or Exchangeable Certificates in the appropriate combination as set forth in Exhibit U hereto, such Certificateholder shall hereunder transfer, assign, set over and otherwise convey to the Trustee, all of such Certificateholder's right, title and interest in and to such Exchangeable REMIC Certificates or Exchangeable Certificates, including all payments of interest thereon received after the date of such presentation and surrender and until such Certificateholder informs the Trustee that it wishes to again hold its interest in the form of Exchangeable REMIC Certificates or Exchangeable Certificates, as applicable.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2007-1), Pooling and Servicing Agreement (Banc of America Mortgage 2007-3 Trust), Pooling and Servicing Agreement (Banc of America Mortgage 2007-1 Trust)

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Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates. (a) Upon the presentation and surrender by any Certificateholder of its Exchangeable REMIC Certificates or Exchangeable Certificates in the appropriate combination as set forth in Exhibit U T hereto, such Certificateholder shall hereunder transfer, assign, set over and otherwise convey to the Trustee, all of such Certificateholder's right, title and interest in and to such Exchangeable REMIC Certificates or Exchangeable Certificates, including all payments of interest thereon received after the date of such presentation and surrender and until such Certificateholder informs the Trustee that it wishes to again hold its interest in the form of Exchangeable REMIC Certificates or Exchangeable Certificates, as applicable.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Banc of America Mortgage 2006-2 Trust), Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-6)

Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates. (a) Upon the presentation and surrender by any Certificateholder of its Exchangeable REMIC Certificates or Exchangeable Certificates in the appropriate combination as set forth in Exhibit U S hereto, such Certificateholder shall hereunder transfer, assign, set over and otherwise convey to the Trustee, all of such Certificateholder's right, title and interest in and to such Exchangeable REMIC Certificates or Exchangeable Certificates, including all payments of interest thereon received after the date of such presentation and surrender and until such Certificateholder informs the Trustee that it wishes to again hold its interest in the form of Exchangeable REMIC Certificates or Exchangeable Certificates, as applicable.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (National City Mortgage Capital Trust 2008-1), Pooling and Servicing Agreement (Banc of America Mortgage 2007-4 Trust)

Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates. (a) Upon the presentation and surrender by any Certificateholder of its Exchangeable REMIC Certificates or Exchangeable Certificates Certificate in the appropriate combination Combination as set forth in Exhibit U N hereto, such Certificateholder shall hereunder transfer, assign, set over and otherwise convey thereby transfer to the Trustee, all of such Certificateholder's ’s right, title and interest in and to such Exchangeable REMIC Certificates or Exchangeable CertificatesCertificate, including all payments of interest thereon received after the date of such presentation and surrender and until such Certificateholder informs the Trustee that it wishes to again hold its interest in the form of Exchangeable REMIC Certificates or Exchangeable CertificatesCertificate, as applicable.

Appears in 2 contracts

Samples: Trust Agreement (Banc of America Funding 2008-R3 Trust), Trust Agreement (Banc of America Funding 2008-R3 Trust)

Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates. (a) Upon the presentation and surrender by any Certificateholder of its Exchangeable REMIC Certificates or Exchangeable Certificates in the appropriate combination REMIC Combination as set forth in Exhibit U R hereto, such Certificateholder shall hereunder thereby transfer, assign, set over and otherwise convey to the Trustee, all of such Certificateholder's Certificateholer’s right, title and interest in and to such Exchangeable REMIC Certificates or Exchangeable Certificates, including all payments of interest thereon received after the date of such presentation and surrender and until such Certificateholder informs the Trustee that it wishes to again hold its interest in the form of Exchangeable REMIC Certificates or Exchangeable Certificates, as applicable.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2007-Fa5)

Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates. (a) Upon the presentation and surrender by any Certificateholder of its Exchangeable REMIC Certificates or Exchangeable Certificates in the appropriate combination Combination as set forth in Exhibit U W hereto, such Certificateholder shall hereunder thereby transfer, assign, set over and otherwise convey to the TrusteeSecurities Administrator, all of such Certificateholder's right, title and interest in and to such Exchangeable REMIC Certificates or Exchangeable Certificates, including all payments of interest thereon received after the date of such presentation and surrender and until such Certificateholder informs the Trustee Securities Administrator that it wishes to again hold its interest in the form of Exchangeable REMIC Certificates or Exchangeable Certificates, as applicable.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-2 Trust)

Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates. (a) Upon the presentation and surrender by any Certificateholder of its Exchangeable REMIC Certificates or Exchangeable Certificates in the appropriate combination Combination as set forth in Exhibit U X hereto, such Certificateholder shall hereunder thereby transfer, assign, set over and otherwise convey to the Trustee, all of such Certificateholder's right, title and interest in and to such Exchangeable REMIC Certificates or Exchangeable Certificates, including all payments of interest thereon received after the date of such presentation and surrender and until such Certificateholder informs the Trustee that it wishes to again hold its interest in the form of Exchangeable REMIC Certificates or Exchangeable Certificates, as applicable.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-E Trust)

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Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates. (a) Upon the presentation and surrender by any Certificateholder of its Exchangeable REMIC Certificates or Exchangeable Certificates in the appropriate combination REMIC Combination as set forth in Exhibit U S hereto, such Certificateholder shall hereunder thereby transfer, assign, set over and otherwise convey to the Trustee, all of such Certificateholder's Certificateholer’s right, title and interest in and to such Exchangeable REMIC Certificates or Exchangeable Certificates, including all payments of interest thereon received after the date of such presentation and surrender and until such Certificateholder informs the Trustee that it wishes to again hold its interest in the form of Exchangeable REMIC Certificates or Exchangeable Certificates, as applicable.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2007-4)

Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates. (a) Upon the presentation and surrender by any Certificateholder of its Exchangeable REMIC Certificates or Exchangeable Certificates in the appropriate combination as set forth in Exhibit U S hereto, such Certificateholder shall hereunder transfer, assign, set over and otherwise convey to the TrusteeSecurities Administrator, all of such Certificateholder's right, title and interest in and to such Exchangeable REMIC Certificates or Exchangeable Certificates, including all payments of interest thereon received after the Record Date following the date of such presentation and surrender and until such Certificateholder informs the Trustee Securities Administrator that it wishes to again hold its interest in the form of Exchangeable REMIC Certificates or Exchangeable Certificates, as applicable.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Mortgage 2008-a Trust)

Transfer of Exchangeable REMIC Certificates and Exchangeable Certificates. (a) Upon the presentation and surrender by any Certificateholder of its Exchangeable REMIC Certificates or Exchangeable Certificates in the appropriate combination Combination as set forth in Exhibit U P hereto, such Certificateholder shall hereunder transfer, assign, set over and otherwise convey thereby transfer to the TrusteeSecurities Administrator, all of such Certificateholder's ’s right, title and interest in and to such Exchangeable REMIC Certificates or Exchangeable Certificates, including all payments of interest and principal thereon received after the date of such presentation and surrender and until such Certificateholder informs the Trustee Securities Administrator that it wishes to again hold its interest in the form of Exchangeable REMIC Certificates or Exchangeable Certificates, as applicable.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (American General Finance Corp)

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