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

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 Holders of the Certificates (other than the Class R Certificates) and the Class R-2 Residual Interest. In connection therewith, as of the Closing Date, in exchange for the property constituting the REMIC II Trust Fund, the Trustee does hereby convey to the Company the Class R-2 Residual Interest and shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Certificates (other than the Class R Certificates) in Authorized Denominations evidencing the entire ownership of the Regular Interests in REMIC II. In addition, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Class R Certificates.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Wmau Mortgage Pass Through Certificates Series 2001-S9), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar4), Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass Through Cert Ser 2001-Ms11)

AutoNDA by SimpleDocs

Acceptance by Trustee; Authentication of Certificates. The Trustee hereby accepts the REMIC II III Trust created hereby, 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 Holders of the Certificates (other than the Class R Certificates) and the Class R-2 R-3 Residual Interest. In connection therewith, as of the Closing Date, in exchange for the property constituting the REMIC II III Trust Fund, the Trustee does hereby convey to the Company the Class R-2 R-3 Residual Interest and shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Certificates (other than the Class R Certificates) in Authorized Denominations evidencing the entire ownership of the Regular Interests in REMIC IIIII. In addition, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Class R Certificates.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass-Through Certificates Series 2001-S10), Pooling and Servicing Agreement (Wamu Mor Pass Thru Cert Ser 2001-Ar1), Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass-Through Cert Ser 2001-Ms12)

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 Holders of the Certificates (other than the Class R Certificates) and the Class R-2 Residual Interest. In connection therewith, as of the Closing Date, in exchange for the property constituting the REMIC II Trust Fund, the Trustee does hereby convey to the Company the Class R-2 Residual Interest and shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Certificates (other than the Class R Certificates) in Authorized Denominations evidencing the entire ownership of the Regular Interests in REMIC II. In addition, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Class R Certificates.in

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar2)

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 Holders of the Certificates (other than the Class R Certificates) and the Class R-2 Residual Interest. In connection therewith, as of the Closing Date, in exchange for the property constituting the REMIC II Trust Fund, the Trustee does hereby convey to the Company the Class R-2 Residual Interest and shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Certificates (other than the Class R Certificates) in Authorized Denominations evidencing the entire ownership of the Regular Interests in REMIC II. In addition, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Class R Certificates.REMIC

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual Mort Sec Corp Pas THR Certs Ser 2001 Ms15)

AutoNDA by SimpleDocs

Acceptance by Trustee; Authentication of Certificates. The Trustee hereby accepts the REMIC II III Trust created hereby, 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 Holders of the Certificates (other than the Class R Certificates) and the Class R-2 R-3 Residual Interest. In connection therewith, as of the Closing Date, in exchange for the property constituting the REMIC II III Trust Fund, the Trustee does hereby convey to the Company 105 the Class R-2 R-3 Residual Interest and shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Certificates (other than the Class R Certificates) in Authorized Denominations evidencing the entire ownership of the Regular Interests in REMIC IIIII. In addition, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Class R Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Pass Through Certificates Series 2001-Ms10)

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 Holders of the Certificates (other than the Class R Certificates) and the Class R-2 Residual InterestInterest 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 does hereby convey to the Company the Class R-2 Residual Interest and shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Certificates (other than the Class R Certificates) in Authorized Denominations evidencing the entire ownership of the Regular Interests in REMIC II. In addition, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Class R Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Thru Certificate Series 2001-Ar6)

Time is Money Join Law Insider Premium to draft better contracts faster.