Trustee May Own Certificates. The Trustee and any Affiliate or agent of the Trustee in its individual or any other capacity may become the owner or pledgee of Certificates, the Pooling REMIC 1 Regular Interests or the Pooling REMIC 2 Regular Interests and may transact banking and trust business with the other parties hereto and their Affiliates with the same rights it would have if it were not Trustee or such agent.
Appears in 6 contracts
Samples: Trust Agreement (Lehman XS Trust 2006-17), Trust Agreement (Lehman XS Trust 2006-1), Trust Agreement (Lehman XS Trust 2007-5h)
Trustee May Own Certificates. The Trustee and any Affiliate or agent of the Trustee in its individual or any other capacity may become the owner or pledgee of Certificates, the Pooling REMIC 1 I Regular Interests or the Pooling REMIC 2 II Regular Interests and may transact banking and trust business with the other parties hereto and their Affiliates with the same rights it would have if it were not Trustee or such agent.
Appears in 4 contracts
Samples: Trust Agreement (Lehman XS Trust 2007-9), Trust Agreement (Lehman XS Trust 2007-6), Trust Agreement (Lehman XS Trust 2007-10h)
Trustee May Own Certificates. The Trustee Trustee, the Fiscal Agent and any Affiliate or agent of the Trustee or Fiscal Agent in its individual capacity or any other capacity may become the owner or pledgee of Certificates, the Pooling REMIC 1 Regular Interests or the Pooling REMIC 2 Regular Interests and may transact banking and trust business deal with the other parties hereto Seller and their Affiliates the Master Servicer in banking transactions, with the same rights it would have if it were not Trustee Trustee, Fiscal Agent or such agent; provided, however, that the Trustee may not be a Holder or Beneficial Owner of the Class M or the Class MX Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Commercial Mortgage Pass Through Cert Series 1998 Gl Ii), Pooling and Servicing Agreement (Commercial Mortgage Pass Through Cert Series 1998 Gl Ii)
Trustee May Own Certificates. The Trustee and any Affiliate or agent of the Trustee in its individual or any other capacity may become the owner or pledgee of Certificates, the Pooling REMIC 1 Regular Interests or the Pooling REMIC 2 Regular Interests and may transact banking and trust business with the other parties hereto and their Affiliates with the same rights it would have if it were not Trustee or such agent.
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