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

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

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual Mor Sec Corp Mor Pass Thru Cert Ser 2001-8), Pooling and Servicing Agreement (Mortgage Pass- Through Certificates Series 2001-9)

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Acceptance by Trustee; Authentication of Certificates. The Trustee hereby accepts the REMIC III Trust created hereby, acknowledges and accepts the assignment ------------ to it of the property constituting the REMIC III Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC III Trust Fund, and the REMIC 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 Certificateholders (other than the Class R-1 and Class R-2 CertificatesCertificateholders). In connection therewith, as of the Closing 120 Date, the Trustee shall cause to be authenticated and delivered to or upon the order of the Company, in exchange for the property constituting the REMIC III Trust Fund, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Certificates (other than the Class R-1 and Class R-2 Certificates) in Authorized Denominations evidencing the entire ownership of the REMIC III 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 III Trust created hereby, acknowledges and accepts the assignment to it of the property constituting the REMIC III Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC III Trust Fund, and the REMIC 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 Certificateholders (other than the Class R-1 and Class R-2 CertificatesCertificateholders). In connection therewith, as of the Closing Date, in exchange for the property constituting the REMIC III 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 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 III Trust Fund.. ARTICLE III

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass Thro Cert Ser 1999-4)

Acceptance by Trustee; Authentication of Certificates. The Trustee hereby accepts the REMIC III Trust created hereby, acknowledges and accepts the assignment to it of the property constituting the REMIC III Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC III Trust Fund, and the REMIC 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-1 and Class R-2 Certificates)) and the Certificate Insurer. In connection therewith, as of the Closing Date, in exchange for the property constituting the REMIC III 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 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 III Trust Fund.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Cert Series 2001-5)

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Acceptance by Trustee; Authentication of Certificates. The Trustee hereby accepts the REMIC III Trust created hereby, acknowledges and accepts the assignment to it of the property constituting the REMIC III Trust Fund and declares that as of the Closing Date it holds and shall hold any documents constituting a part of the REMIC III Trust Fund, and the REMIC 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 Certificateholders (other than the Class R-1 and Class R-2 CertificatesCertificateholders). In connection therewith, as of the Closing Date, the Trustee shall cause to be authenticated and delivered to or upon the order of the Company, in exchange for the property constituting the REMIC III Trust Fund, the Trustee shall cause to be authenticated and delivered, upon and pursuant to the order of the Company, the Certificates (other than the Class R-1 and Class R-2 Certificates) in Authorized Denominations evidencing the entire ownership of the REMIC III Trust Fund.. 108

Appears in 1 contract

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

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