Common use of Transfer of Lower Tier Regular Interests Clause in Contracts

Transfer of Lower Tier Regular Interests. Xxxxxx Xxx, acting in its capacity as Trustee for the Lower Tier REMIC, does hereby assign to Xxxxxx Mae, acting in its capacity as Trustee for the Middle Tier REMIC established hereby, without recourse, free and clear of any liens, security interests or other encumbrances, but subject to the terms of this Agreement, all the right, title and interest of Xxxxxx Xxx, in, to and under the Lower Tier Regular Interests, including all payments of principal and interest thereon received after the month of the Issue Date.

Transfer of Lower Tier Regular Interests. Xxxxxx Xxx, acting in its capacity as Trustee for the Lower Tier REMIC, does hereby assign transfer, assign, set over and convey to Xxxxxx Mae, acting in its capacity as Trustee for the Middle Tier REMIC established hereby, without recourse, free and clear of any liens, security interests or other encumbrances, but subject to the terms of this AgreementREMIC, all the of Xxxxxx Mae’s right, title and interest of Xxxxxx Xxx, in, to and under the Lower Tier Regular Interests, including all payments of principal and interest thereon received after the month of the Issue Date.