Common use of Trustee to Retain Possession of Documents Clause in Contracts

Trustee to Retain Possession of Documents. Concurrently with the execution and delivery of the Master Servicing Agreement, the Issuer shall have pledged, transferred and assigned to the Trustee, as collateral for the payment of principal and interest on the Securities, all right, title and interest of the Issuer in and to the Trust Estate. Prior to or contemporaneously with the execution of such Master Servicing Agreement, the Issuer shall have delivered or caused to be delivered to the Trustee or its agent with respect to each Mortgage Loan certain documents and instruments as specified in Section 362 of the Sales/Servicing Agreement, which shall be referred to in these Standard Terms as the "Trustee Mortgage Loan File." The Trustee or its agent shall retain possession of these documents and shall release them only under the circumstances specified herein.

Trustee to Retain Possession of Documents. Concurrently with the execution and delivery of the Master Servicing Agreement, the Issuer Issuing Entity shall have pledged, transferred and assigned to the Trustee, as collateral for the payment of principal and interest on the Securities, all right, title and interest of the Issuer Issuing Entity in and to the Trust Estate. Prior to or contemporaneously with the execution of such Master Servicing Agreement, the Issuer Issuing Entity shall have delivered or caused to be delivered to the Trustee or its agent with respect to each Mortgage Loan certain documents and instruments as specified in Section 362 of the Sales/Servicing Agreement, which shall be referred to in these Standard Terms as the "“Trustee Mortgage Loan File." ” The Trustee or its agent shall retain possession of these documents and shall release them only under the circumstances specified herein.

Trustee to Retain Possession of Documents. Concurrently with the execution and delivery of the Master Servicing Agreement, the Issuer shall have pledged, transferred and assigned to the Trustee, as collateral for the payment of principal and interest on the Securities, all right, title and interest of the Issuer in and to the Trust Estate. Prior to or contemporaneously with the execution of such Master Servicing Agreement, the Issuer shall have delivered or caused to be delivered to the Trustee or its agent with respect to each Mortgage Loan certain documents and instruments as specified in Section 362 [____] of the Sales/Servicing Agreement, which shall be referred to in these Standard Terms as the "Trustee Mortgage Loan File." The Trustee or its agent shall retain possession of these documents and shall release them only under the circumstances specified herein.