Common use of Acceptance by Trustee; Authentication of Certificates Clause in Contracts

Acceptance by Trustee; Authentication of Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders (other than the Class R-1 Certificateholders). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II Trust Fund, the Certificates (other than the Class R-1 Certificates) in Authorized Denominations evidencing the entire ownership of the REMIC II Trust Fund.

Appears in 11 contracts

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass THR Cert Ser 1999-10), Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 2001-1), Pooling and Servicing Agreement (PNC Mortgage Sec Corp Mort Pass THR Cert Ser 2000-3)

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Acceptance by Trustee; Authentication of Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders Holders of the Certificates (other than the Class R-1 CertificateholdersCertificates). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, delivered to or upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II Trust Fund, the Certificates (other than the Class R-1 Certificates) in Authorized Denominations evidencing the entire ownership of interest in the REMIC II Trust Fund.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp), Pooling and Servicing Agreement (PNC Mortgage Securities Corp), Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Acceptance by Trustee; Authentication of Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II III Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II III Trust Fund, and the REMIC II III Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders Holders of the Certificates (other than the Class R-1 Certificateholdersand Class R-2 Certificates). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II III Trust Fund, the Certificates (other than the Class R-1 and Class R-2 Certificates) in Authorized Denominations evidencing the entire ownership of the REMIC II III Trust Fund.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual Mor Sec Corp Mor Pass Thru Cert Ser 2001-4), Pooling and Servicing Agreement (Washington Mutual Mor Sec Corp Mor Pas THR Ser 2001-6)

Acceptance by Trustee; Authentication of Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II III Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II III Trust Fund, and the REMIC II III Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders (other than the Class R-1 and Class R-2 Certificateholders). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II III Trust Fund, the Certificates (other than the Class R-1 and Class R-2 Certificates) in Authorized Denominations evidencing the entire ownership of the REMIC II III Trust Fund.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp), Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass Thru Cert Ser 2000 4)

Acceptance by Trustee; Authentication of Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders (other than the Class R-1 R-2 Certificateholders). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II Trust Fund, the Certificates (other than the Class R-1 R-2 Certificates) in Authorized Denominations evidencing the entire ownership of the REMIC II Trust Fund.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass Thro Cert Ser 2000-9), Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass Throu Cert Ser 2000 6)

Acceptance by Trustee; Authentication of Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders Holders of the Certificates (other than the Class R-1 CertificateholdersCertificates). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, delivered upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II Trust Fund, the Certificates (other than the Class R-1 Certificates) in Authorized Denominations evidencing the entire ownership of interest in the REMIC II Trust Fund.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Acceptance by Trustee; Authentication of Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders (other than the Class R-1 Certificateholders). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II Trust Fund, the Certificates (other than the Class R-1 Certificates) in Authorized Denominations evidencing the entire ownership of the REMIC II Trust Fund.. 104

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual Mortgage Sec Corp Mor Pas Thru Cert 2001-7)

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Acceptance by Trustee; Authentication of Certificates. The ----------------------------------------------------- Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders Holders of the Certificates (other than the Class R-1 CertificateholdersCertificates). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, delivered to or upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II Trust Fund, the Certificates (other than the Class R-1 Certificates) in Authorized Denominations evidencing the entire ownership of interest in the REMIC II Trust Fund.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Acceptance by Trustee; Authentication of Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders (other than the Class R-1 Certificateholders). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, delivered to or upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II Trust Fund, the Certificates (other than the Class R-1 Certificates) in Authorized Denominations evidencing the entire ownership of the REMIC II Trust Fund.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Acceptance by Trustee; Authentication of Certificates. The Trustee acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders Holders of the Certificates (other than the Class R-1 CertificateholdersCertificates). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered, delivered to or upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II Trust Fund, the Certificates (other than the Class R-1 Certificates) in Authorized Denominations evidencing the entire ownership of interest in the REMIC II Trust Fund.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Acceptance by Trustee; Authentication of Certificates. The Trustee hereby accepts the REMIC II Trust created hereby, acknowledges and accepts the assignment to it of the property constituting the REMIC II Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC II Trust Fund, and the REMIC II Trust Fund, as Trustee in trust, upon the trusts herein set forth, for the use and benefit of all present and future Certificateholders (other than the Class R-1 Certificateholders)) and the Certificate Insurer. In connection therewith, as of the Closing Date, in exchange for the property constituting the REMIC II Trust Fund, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, in exchange for the property constituting the REMIC II Trust Fund, the Certificates (other than the Class R-1 Certificates) in Authorized Denominations evidencing the entire ownership of the REMIC II Trust Fund.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Cert Series 2001-S8)

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