Trust Receipt Sample Clauses

Trust Receipt. Section 4 is hereby deleted in its entirety and replaced in its entirety with the following: (a) The Custodian shall review the documents delivered to it on each Delivery Date and shall deliver to Registered Holder within the time frames outlined in exhibit B to this amendment, but prior to Closing Date, a Mortgage Loan Schedule and Exception Report with respect to the Mortgage Loans, and the delivery of each Mortgage Loan Schedule and Exception Report by the Custodian hereunder shall be the Custodian's certification that such Mortgage Loans are held for MLCC (as Registered Holder) and that, as to each Mortgage Loan listed in the related Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage Loan specifically identified in such certification as not covered by the Exception Report), (a) all documents described in Paragraphs 2(a) through 2(e) and to the extent provided in the Custodian's Mortgage Files Paragraphs 2(f) through 2(j), if applicable, of this Agreement are in its possession, (b) such documents have reviewed by it and appear regular on their face and relate to such Mortgage Loan, (c) based on its examination and only as to the foregoing documents, the information set forth in terms (i), (ii), (iii) excluding the zip code requirement, (iv), (vi), (vii), (viii) and (x) of the definition of "Mortgage Loan Schedule" respecting such Mortgage Loan is correct, and which as to items (iv) (vi), (viii) and (x) for adjustable rate Mortgage Loan Documents and (d) each Mortgage Note has been endorsed and each Assignment has been executed as provided in Paragraph 2 hereof. The Custodian shall determine whether any discrepancy or deficiency exists with respect to a Custodian's Mortgage File and shall note such discrepancy on the Exception Report. The Custodian shall also note on such Exception Report, with respect to each Mortgage Loan, whether a certified copy of the related Mortgage was delivered to the Custodian in lieu of the original of such Mortgage, whether a certified copy of an intervening assignment of the related Mortgage was delivered to the Custodian in lieu of the original of such assignment, and whether a preliminary title report with respect to such Mortgage Loan was delivered to the Custodian in lieu of the original policy of title insurance. Except as specifically provided above, the Custodian shall be under no duty to review, inspect or examine such documents to determine that any of them are enforceable or appropria...

Trust Receipt. To cause the Custodian to deliver to Buyer a Mortgage Loan Schedule and Exception Report, and a Trust Receipt, no later than the date set forth in the Custodial Agreement. If upon examination of the documents included in any Mortgage File, the Custodian determines that such documents do not satisfy the requirements set forth in the Custodial Agreement, the Custodian shall ▇▇▇▇ such Mortgage Loan as an exception on its Mortgage Loan Schedule and Exception Report.

Trust Receipt. A Trust Receipt, substantially in the form of Annex 2 of the Custodial Agreement, dated the Effective Date, from the Custodian, duly completed.

Trust Receipt. For each Non–Table Funded Mortgage Asset, the Administrative Agent shall have received from the Custodian on or before each Borrowing Date a Trust Receipt (along with a completed Mortgage Asset File Checklist attached thereto) and an Asset Schedule and Exception Report with respect to the Basic Mortgage Asset Documents for each Eligible Asset, in each case dated the Borrowing Date, duly completed and, in the case of the Asset Schedule and Exception Report, with exceptions acceptable to the Administrative Agent in its discretion in respect of Eligible Assets to be pledged hereunder on such Business Day. In the case of a Table Funded Mortgage Asset, the Administrative Agent shall have received on the related Borrowing Date the Table Funded Trust Receipt and all other items described in the second (2nd) sentence of Subsection 2.1(b)(6), each in form and substance satisfactory to the Administrative Agent in its discretion, provided that the Administrative Agent subsequently receives the items described in Subsections 2.1(b)(4) and (6) and the other delivery requirements under the Custodial Agreement on or before the date and time specified herein and therein, which items shall be in form and substance satisfactory to the Administrative Agent in its discretion. In the case of Term Loans, the Custodian shall have possession of all Mortgage Loan Documents for the Term Loan Collateral and the Administrative Agent shall be in receipt of Trust Receipts for the Term Loan Collateral and all other conditions under the Custodial Agreement are satisfied with respect to such Term Loan Collateral.

Trust Receipt. Either a Trust Receipt and Initial Certification or a Trust Receipt and Final Certification.

Trust Receipt. Each trust receipt issued by the Custodian pursuant to the Custody Agreement, evidencing the entire beneficial ownership interest in the related Mortgage Loans. Underlying Agreement: [to be provided or omitted, as applicable]. Underlying Payment Date: [to be provided or omitted, as applicable]. Underlying Payment Date Statement: [to be provided or omitted, as applicable]. Underlying Loans: [to be provided or omitted, as applicable]. Underlying Securities: [to be provided or omitted, as applicable]. Underlying Securities Balance: $[ ]. Underlying Servicing Fee Rate: [to be provided or omitted, as applicable]. Underlying Trust Fund: [to be provided or omitted, as applicable]. Underlying Trustee: [to be provided or omitted, as applicable]. Underwriter: [ ].

Trust Receipt. The Custodian shall execute and deliver to the Trustee and the Issuer a trust receipt substantially in the form of Exhibit A to evidence its possession of the Loan Documents.

Trust Receipt. In the case of a Transaction Asset that is “Non-Table Funded”, Buyer shall have received a Trust Receipt dated the Effective Date, substantially in the form of Annex 2 to the Custodial Agreement, from the Custodian, duly completed, with a Transaction Asset Schedule and Exception Report attached thereto. In the case of a Transaction Asset that is “Table Funded”, Buyer shall have received a Bailee’s Trust Receipt and Certification substantially in the form of Attachment 2 of Exhibit H hereto, from the Bailee, duly completed, with a Transaction Asset Schedule and Exception Report attached thereto;

Trust Receipt. The Purchaser shall have received from the Custodian a trust receipt in form and substance acceptable to the Purchaser with respect to the Custodian’s receipt of the Collateral Files for the related HELOCs.