{"component": "clause", "props": {"groups": [{"size": 97, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "the-trustee", "type": "clause", "offset": [29, 40]}, {"key": "underlying-securities", "type": "clause", "offset": [121, 142]}, {"key": "documents-delivered", "type": "clause", "offset": [251, 270]}, {"key": "pursuant-to", "type": "definition", "offset": [277, 288]}, {"key": "trust-agreement", "type": "definition", "offset": [294, 309]}, {"key": "other-assets", "type": "clause", "offset": [358, 370]}, {"key": "a-person", "type": "definition", "offset": [418, 426]}, {"key": "the-depositor", "type": "definition", "offset": [438, 451]}, {"key": "in-trust-for", "type": "definition", "offset": [494, 506]}, {"key": "exclusive-use", "type": "definition", "offset": [511, 524]}, {"key": "for-the-purposes", "type": "clause", "offset": [601, 617]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [633, 657]}], "snippet": "With respect to each Series, the Trustee will acknowledge receipt by it, or by a custodian on its behalf, of the related Underlying Securities now existing or hereafter acquired, and declares that it will hold such Underlying Securities and all other documents delivered to it pursuant to this Trust Agreement, and that it will hold all such assets and such other assets (including Underlying Securities acquired from a Person other than the Depositor) comprising the Trust for a given Series, in trust for the exclusive use and benefit of all present and future Certificateholders of such Series and for the purposes and subject to the terms and conditions set forth in this Trust Agreement.", "samples": [{"hash": "lxHreql2sDD", "uri": "/contracts/lxHreql2sDD#acceptance-by-trustee", "label": "Trust Certificate Series Supplement (Merrill Lynch Depositor Inc Pplus Trust Series SPR 1)", "score": 18.0, "published": true}, {"hash": "lqU8MtDSI96", "uri": "/contracts/lqU8MtDSI96#acceptance-by-trustee", "label": "Trust Supplement (Merrill Lynch Depositor Inc Pplus Trust Series GSC-1)", "score": 18.0, "published": true}, {"hash": "lEvor8Vpfdp", "uri": "/contracts/lEvor8Vpfdp#acceptance-by-trustee", "label": "Trust Supplement (Merrill Lynch Depositor Inc Pplus Trust Series GSG-2)", "score": 18.0, "published": true}], "hash": "a5698ec868b698ec3158ea939aa708d7", "id": 7}, {"size": 143, "snippet_links": [{"key": "appointment-as-custodian", "type": "clause", "offset": [31, 55]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [107, 132]}, {"key": "the-review", "type": "clause", "offset": [153, 163]}, {"key": "exception-report", "type": "definition", "offset": [212, 228]}, {"key": "documents-referred-to", "type": "clause", "offset": [275, 296]}, {"key": "assets-included", "type": "clause", "offset": [333, 348]}, {"key": "the-definition-of", "type": "clause", "offset": [352, 369]}, {"key": "trust-fund", "type": "clause", "offset": [371, 381]}, {"key": "documents-delivered", "type": "clause", "offset": [484, 503]}, {"key": "a-mortgage", "type": "definition", "offset": [523, 533]}, {"key": "in-trust-for", "type": "definition", "offset": [652, 664]}, {"key": "exclusive-use", "type": "definition", "offset": [669, 682]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [769, 787]}, {"key": "deliver-to", "type": "definition", "offset": [876, 886]}, {"key": "rating-agency", "type": "clause", "offset": [922, 935]}, {"key": "interim-certification", "type": "definition", "offset": [939, 960]}, {"key": "attached-hereto-as-exhibit", "type": "definition", "offset": [987, 1013]}, {"key": "after-the-closing-date", "type": "clause", "offset": [1034, 1056]}, {"key": "with-respect-to", "type": "clause", "offset": [1062, 1077]}, {"key": "startup-day", "type": "definition", "offset": [1111, 1122]}, {"key": "days-of-receipt", "type": "clause", "offset": [1134, 1149]}, {"key": "substitute-mortgage", "type": "definition", "offset": [1184, 1203]}, {"key": "business-days", "type": "definition", "offset": [1217, 1230]}, {"key": "after-the-assignment", "type": "clause", "offset": [1231, 1251]}, {"key": "each-mortgage-loan", "type": "definition", "offset": [1273, 1291]}, {"key": "mortgage-loan-schedule", "type": "definition", "offset": [1306, 1328]}, {"key": "mortgage-loan-paid-in-full", "type": "clause", "offset": [1345, 1371]}, {"key": "covered-by", "type": "definition", "offset": [1470, 1480]}, {"key": "documents-required-to-be-delivered", "type": "clause", "offset": [1510, 1544]}, {"key": "reviewed-by", "type": "definition", "offset": [1644, 1655]}, {"key": "relate-to", "type": "definition", "offset": [1708, 1717]}, {"key": "such-mortgage-loan", "type": "definition", "offset": [1718, 1736]}, {"key": "based-on", "type": "definition", "offset": [1747, 1755]}, {"key": "the-foregoing", "type": "clause", "offset": [1787, 1800]}, {"key": "the-information", "type": "clause", "offset": [1802, 1817]}, {"key": "to-the-extent", "type": "clause", "offset": [1959, 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"offset": [3155, 3171]}, {"key": "notify-the", "type": "clause", "offset": [3188, 3198]}, {"key": "the-depositor-and-the-master-servicer", "type": "clause", "offset": [3207, 3244]}, {"key": "in-addition", "type": "clause", "offset": [3246, 3257]}, {"key": "by-the-seller", "type": "clause", "offset": [3278, 3291]}, {"key": "by-the-trustee", "type": "clause", "offset": [3326, 3340]}, {"key": "notification-of", "type": "definition", "offset": [3352, 3367]}, {"key": "breach-of-any", "type": "clause", "offset": [3386, 3399]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [3403, 3437]}, {"key": "mortgage-loan-purchase-agreement", "type": "definition", "offset": [3464, 3496]}, {"key": "in-respect-of", "type": "clause", "offset": [3497, 3510]}, {"key": "adversely-affects", "type": "definition", "offset": [3545, 3562]}, {"key": "the-interests", "type": "clause", "offset": [3585, 3598]}, {"key": "the-party", "type": "clause", "offset": [3656, 3665]}, {"key": "parties-to-this-agreement", "type": "clause", "offset": [3736, 3761]}, {"key": "assignment-and-transfer", "type": "clause", "offset": [3809, 3832]}, {"key": "sale-of-the-mortgage-loans", "type": "clause", "offset": [3866, 3892]}, {"key": "mortgage-notes", "type": "definition", "offset": [3906, 3920]}, {"key": "related-documents", "type": "definition", "offset": [3929, 3946]}, {"key": "good-title", "type": "clause", "offset": [3958, 3968]}, {"key": "free-and-clear", "type": "definition", "offset": [3977, 3991]}, {"key": "liens-and-encumbrances", "type": "definition", "offset": [3999, 4021]}, {"key": "to-the-trustee", "type": "clause", "offset": [4042, 4056]}, {"key": "in-the-event-of", "type": "clause", "offset": [4198, 4213]}, {"key": "a-loan", "type": "definition", "offset": [4329, 4335]}, {"key": "the-parties", "type": "definition", "offset": [4337, 4348]}, {"key": "first-priority-perfected-security-interest", "type": "clause", "offset": [4446, 4488]}, {"key": "title-and-interest", "type": "clause", "offset": [4522, 4540]}, {"key": "security-agreement", "type": "clause", "offset": [4668, 4686]}, {"key": "applicable-law", "type": "definition", "offset": [4693, 4707]}], "snippet": "The Trustee hereby accepts its appointment as Custodian hereunder and acknowledges the receipt, subject to the provisions of Section 2.01 and subject to the review described below and any exceptions noted on the exception report described in the next paragraph below, of the documents referred to in Section 2.01 above and all other assets included in the definition of \u201cTrust Fund\u201d and declares that, in its capacity as Custodian, it holds and will hold such documents and the other documents delivered to it constituting a Mortgage File, and that it holds or will hold all such assets and such other assets included in the definition of \u201cTrust Fund\u201d in trust for the exclusive use and benefit of all present and future Certificateholders. The Trustee further agrees, for the benefit of the Certificateholders, to review each Mortgage File delivered to it and to certify and deliver to the Depositor, the Seller and each Rating Agency an interim certification in substantially the form attached hereto as Exhibit G-2, within 90 days after the Closing Date (or, with respect to any document delivered after the Startup Day, within 45 days of receipt and with respect to any Qualified Substitute Mortgage, within five Business Days after the assignment thereof) that, as to each Mortgage Loan listed in the Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage Loan specifically identified in the exception report annexed thereto as not being covered by such certification), (i) all documents required to be delivered to it pursuant Section 2.01 of this Agreement are in its possession, (ii) such documents have been reviewed by it and have not been mutilated, damaged or torn and relate to such Mortgage Loan and (iii) based on its examination and only as to the foregoing, the information set forth in the Mortgage Loan Schedule that corresponds to items (i), (ii), (iii), (xiii), (xiv) and (xviii) of the Mortgage Loan Schedule (to the extent such items are required to be delivered to it as part of the Mortgage Files pursuant to Section 2.01) accurately reflects information set forth in the Mortgage File. It is herein acknowledged that, in conducting such review, the Trustee is under no duty or obligation to inspect, review or examine any such documents, instruments, certificates or other papers to determine that they are genuine, enforceable, or appropriate for the represented purpose or that they have actually been recorded or that they are other than what they purport to be on their face. No later than 180 days after the Closing Date, the Trustee shall deliver to the Depositor and the Seller a final certification in the form annexed hereto as Exhibit G-3 evidencing the completeness of the Mortgage Files, with any applicable exceptions noted thereon. If, in the process of reviewing the Mortgage Files and making or preparing, as the case may be, the certifications referred to above, the Trustee finds any document or documents constituting a part of a Mortgage File to be missing or not conforming to the requirements set forth herein, at the conclusion of its review the Trustee (or the Custodian as its designated agent) shall promptly notify the Seller, the Depositor and the Master Servicer. In addition, upon the discovery by the Seller or the Depositor (or upon receipt by the Trustee of written notification of such breach) of a breach of any of the representations and warranties made by the Seller in the Mortgage Loan Purchase Agreement in respect of any Mortgage Loan that materially adversely affects such Mortgage Loan or the interests of the related Certificateholders in such Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties to this Agreement. The Depositor and the Trustee intend that the assignment and transfer herein contemplated constitute a sale of the Mortgage Loans, the related Mortgage Notes and the related documents, conveying good title thereto free and clear of any liens and encumbrances, from the Depositor to the Trustee in trust for the benefit of the Certificateholders and that such property not be part of the Depositor\u2019s estate or property of the Depositor in the event of any insolvency by the Depositor. In the event that such conveyance is deemed to be, or to be made as security for, a loan, the parties intend that the Depositor shall be deemed to have granted and does hereby grant to the Trustee a first priority perfected security interest in all of the Depositor\u2019s right, title and interest in and to the Mortgage Loans, the related Mortgage Notes and the related documents, and that this Agreement shall constitute a security agreement under applicable law.", "samples": [{"hash": "eJ8raWUyAow", "uri": "/contracts/eJ8raWUyAow#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-5)", "score": 21.0, "published": true}, {"hash": "btIY8o6u6Ux", "uri": "/contracts/btIY8o6u6Ux#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2008-1)", "score": 21.0, "published": true}, {"hash": "9TVLZZbtNYw", "uri": "/contracts/9TVLZZbtNYw#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2006-6)", "score": 21.0, "published": true}], "hash": "c01f3b74da60ea68bbe49c3b9d79fd3a", "id": 5}, {"size": 149, "snippet_links": [{"key": "covenants-of-the-master-servicer", "type": "clause", "offset": [48, 80]}, {"key": "and-the-company", "type": "clause", "offset": [81, 96]}, {"key": "representations-and-warranties-of-sellers", "type": "clause", "offset": [175, 216]}, {"key": "execution-and-authentication-of-certificates", "type": "clause", "offset": [261, 305]}, {"key": "certificates-evidencing-interests", "type": "clause", "offset": [318, 351]}, {"key": "uncertificated-remic", "type": "definition", "offset": [431, 451]}, {"key": "remic-ii-regular-interests", "type": "definition", "offset": [458, 484]}, {"key": "acceptance-by-the-trustee", "type": "clause", "offset": [486, 511]}, {"key": "purposes-and-powers-of-the-trust", "type": "clause", "offset": [658, 690]}], "snippet": "36 Section 2.03 Representations, Warranties and Covenants of the Master Servicer and the Company...............................................................37 Section 2.04 Representations and Warranties of Sellers.............................39 Section 2.05 Execution and Authentication of Certificates/Issuance of Certificates Evidencing Interests in REMIC I.......................................41 Section 2.06 Conveyance of Uncertificated REMIC I and REMIC II Regular Interests; Acceptance by the Trustee.............................................41 Section 2.07 Issuance of Certificates Evidencing Interests in REMIC II.............41 Section 2.08 Purposes and Powers of the Trust......................................41", "samples": [{"hash": "j4YW7OKFAhJ", "uri": "/contracts/j4YW7OKFAhJ#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)", "score": 18.0, "published": true}, {"hash": "iTCDnFbiN4H", "uri": "/contracts/iTCDnFbiN4H#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)", "score": 18.0, "published": true}, {"hash": "hQHYiTmICQU", "uri": "/contracts/hQHYiTmICQU#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)", "score": 18.0, "published": true}], "hash": "5d1cc220e2a9d3d7d9337bbbc6d7fa78", "id": 4}, {"size": 84, "snippet_links": [{"key": "on-behalf-of", "type": "definition", "offset": [51, 63]}, {"key": "title-and-interest", "type": "clause", "offset": [88, 106]}, {"key": "assets-conveyed", "type": "clause", "offset": [120, 135]}, {"key": "to-the-trustee", "type": "clause", "offset": [136, 150]}, {"key": "pursuant-to-section", "type": "definition", "offset": [151, 170]}, {"key": "such-right", "type": "definition", "offset": [212, 222]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [277, 295]}, {"key": "prior-to", "type": "definition", "offset": [359, 367]}, {"key": "execution-and-delivery-of-this-agreement", "type": "clause", "offset": [395, 435]}, {"key": "relating-to", "type": "definition", "offset": [515, 526]}, {"key": "initial-accounts", "type": "definition", "offset": [531, 547]}, {"key": "trustee-shall", "type": "definition", "offset": [610, 623]}, {"key": "a-copy-of", "type": "clause", "offset": [633, 642]}, {"key": "schedule-1", "type": "definition", "offset": [643, 653]}, {"key": "from-time-to-time", "type": "clause", "offset": [668, 685]}, {"key": "corporate-trust-office", "type": "definition", "offset": [694, 716]}, {"key": "to-disclose", "type": "definition", "offset": [752, 763]}, {"key": "any-person", "type": "definition", "offset": [767, 777]}, {"key": "account-numbers", "type": "definition", "offset": [789, 804]}, {"key": "other-information", "type": "clause", "offset": [808, 825]}, {"key": "contained-in", "type": "definition", "offset": [826, 838]}, {"key": "computer-files", "type": "clause", "offset": [843, 857]}, {"key": "successor-servicer", "type": "definition", "offset": [960, 978]}, {"key": "as-required-by", "type": "clause", "offset": [982, 996]}, {"key": "applicable-to", "type": "clause", "offset": [1018, 1031]}, {"key": "in-connection-with", "type": "clause", "offset": [1050, 1068]}, {"key": "the-performance", "type": "clause", "offset": [1069, 1084]}, {"key": "rights-of-certificateholders", "type": "clause", "offset": [1143, 1171]}, {"key": "bona-fide", "type": "clause", "offset": [1183, 1192]}, {"key": "centurion-bank", "type": "definition", "offset": [1229, 1243]}, {"key": "account-owner", "type": "definition", "offset": [1260, 1273]}, {"key": "american-express-credco", "type": "definition", "offset": [1276, 1299]}, {"key": "purpose-of", "type": "clause", "offset": [1335, 1345]}, {"key": "agreement-or", "type": "definition", "offset": [1425, 1437]}, {"key": "receivables-purchase-agreements", "type": "clause", "offset": [1442, 1473]}, {"key": "agrees-to", "type": "clause", "offset": [1487, 1496]}, {"key": "requested-by", "type": "definition", "offset": [1539, 1551]}, {"key": "security-and-confidentiality", "type": "clause", "offset": [1616, 1644]}, {"key": "such-information", "type": "definition", "offset": [1648, 1664]}, {"key": "duly-authorized-representatives", "type": "definition", "offset": [1755, 1786]}, {"key": "during-business-hours", "type": "clause", "offset": [1872, 1893]}, {"key": "applicable-account", "type": "definition", "offset": [1925, 1943]}, {"key": "with-notice", "type": "clause", "offset": [1980, 1991]}, {"key": "days-prior", "type": "definition", "offset": [2006, 2016]}, {"key": "disclosure-of", "type": "clause", "offset": [2020, 2033]}, {"key": "information-of", "type": "clause", "offset": [2038, 2052]}, {"key": "this-subsection", "type": "definition", "offset": [2075, 2090]}, {"key": "incur-indebtedness", "type": "clause", "offset": [2157, 2175]}, {"key": "other-liabilities", "type": "clause", "offset": [2179, 2196]}, {"key": "name-of-the-trust", "type": "clause", "offset": [2204, 2221]}, {"key": "in-this-agreement", "type": "clause", "offset": [2249, 2266]}], "snippet": "(a) The Trustee hereby acknowledges its acceptance on behalf of the Trust of all right, title and interest to the Trust Assets conveyed to the Trustee pursuant to Section 2.01 and declares that it shall maintain such right, title and interest, upon the trust herein set forth, for the benefit of all Certificateholders. The Trustee further acknowledges that, prior to or simultaneously with the execution and delivery of this Agreement, the Transferors delivered to the Trustee the computer file or microfiche list relating to the Initial Accounts described in the third to last paragraph of Section 2.01. The Trustee shall maintain a copy of Schedule 1, as delivered from time to time, at the Corporate Trust Office.\n(b) The Trustee hereby agrees not to disclose to any Person any of the account numbers or other information contained in the computer files or microfiche lists marked as Schedule 1 delivered to the Trustee, from time to time, except (i) to a Successor Servicer or as required by a Requirement of Law applicable to the Trustee, (ii) in connection with the performance of the Trustee\u2019s duties hereunder, (iii) in enforcing the rights of Certificateholders or (iv) to bona fide creditors or potential creditors of Centurion Bank, FSB, any other Account Owner, [American Express Credco] or any Transferor for the limited purpose of enabling any such creditor to identify Receivables or Accounts subject to this Agreement or the Receivables Purchase Agreements. The Trustee agrees to take such measures as shall be reasonably requested by any Account Owner or any Transferor to protect and maintain the security and confidentiality of such information and, in connection therewith, shall allow each Account Owner and each Transferor or their duly authorized representatives to inspect the Trustee\u2019s security and confidentiality arrangements from time to time during business hours. The Trustee shall provide the applicable Account Owner and the applicable Transferor with notice five Business Days prior to disclosure of any information of the type described in this subsection 2.02(b).\n(c) The Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust other than as contemplated in this Agreement.", "samples": [{"hash": "jztII97Aw9o", "uri": "/contracts/jztII97Aw9o#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)", "score": 26.9356613159, "published": true}, {"hash": "28RctS9x3tD", "uri": "/contracts/28RctS9x3tD#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (American Express Receivables Financing Corp Iv LLC)", "score": 26.8644771576, "published": true}, {"hash": "jMUYHmB8w6b", "uri": "/contracts/jMUYHmB8w6b#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (American Express Credit Account Master Trust)", "score": 26.7987670898, "published": true}], "hash": "f995f77e6d6b1b05266f17b1b14e71d4", "id": 10}, {"size": 109, "snippet_links": [{"key": "the-trustee", "type": "clause", "offset": [0, 11]}, {"key": "amendments-to-the-indenture", "type": "clause", "offset": [24, 51]}, {"key": "this-supplemental-indenture-and", "type": "clause", "offset": [64, 95]}, {"key": "agrees-to", "type": "clause", "offset": [96, 105]}, {"key": "the-trusts", "type": "clause", "offset": [114, 124]}, {"key": "created-by", "type": "definition", "offset": [125, 135]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [183, 207]}], "snippet": "The Trustee accepts the amendments to the Indenture effected by this Supplemental Indenture and agrees to execute the trusts created by the Indenture as hereby amended, but only upon the terms and conditions set forth in the Indenture.", "samples": [{"hash": "kIOdzMBMFVc", "uri": "/contracts/kIOdzMBMFVc#acceptance-by-trustee", "label": "Supplemental Indenture", "score": 31.3408622742, "published": true}, {"hash": "5IDVMvxLAjx", "uri": "/contracts/5IDVMvxLAjx#acceptance-by-trustee", "label": "Supplemental Indenture (Windstream Holdings, Inc.)", "score": 29.4325809479, "published": true}, {"hash": "9VOPytIkYO", "uri": "/contracts/9VOPytIkYO#acceptance-by-trustee", "label": "First Supplemental Indenture (Comstock Oil & Gas, LP)", "score": 27.6858310699, "published": true}], "hash": "d953f3f9947c09bb30ffbfd11dce4306", "id": 6}, {"size": 95, "snippet_links": [{"key": "representations-and-warranties-of-the-depositor", "type": "clause", "offset": [14, 61]}, {"key": "breach-of-representation", "type": "clause", "offset": [108, 132]}, {"key": "agreement-to-execute", "type": "clause", "offset": [202, 222]}, {"key": "custody-and-holding-of-deposited-assets", "type": "clause", "offset": [296, 335]}], "snippet": "Section 2.03. Representations and Warranties of the Depositor............................. 23 Section 2.04. Breach of Representation, Warranty or Covenant.............................. 24 Section 2.05. Agreement to Execute, Authenticate and Deliver Certificates................. 25 Section 2.06. Custody and Holding of Deposited Assets..................................... 25", "samples": [{"hash": "lxHreql2sDD", "uri": "/contracts/lxHreql2sDD#acceptance-by-trustee", "label": "Trust Certificate Series Supplement (Merrill Lynch Depositor Inc Pplus Trust Series SPR 1)", "score": 18.0, "published": true}, {"hash": "lqU8MtDSI96", "uri": "/contracts/lqU8MtDSI96#acceptance-by-trustee", "label": "Trust Supplement (Merrill Lynch Depositor Inc Pplus Trust Series GSC-1)", "score": 18.0, "published": true}, {"hash": "lEvor8Vpfdp", "uri": "/contracts/lEvor8Vpfdp#acceptance-by-trustee", "label": "Trust Supplement (Merrill Lynch Depositor Inc Pplus Trust Series GSG-2)", "score": 18.0, "published": true}], "hash": "973c0ea0e5ae45cf5bcb7825d4e2bc7a", "id": 8}, {"size": 908, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [38, 53]}, {"key": "subject-to", "type": "clause", "offset": [69, 79]}, {"key": "executed-by", "type": "definition", "offset": [152, 163]}, {"key": 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"offset": [4399, 4411]}, {"key": "the-foregoing", "type": "clause", "offset": [4436, 4449]}, {"key": "mortgage-loan-is", "type": "definition", "offset": [4501, 4517]}, {"key": "a-member-of", "type": "clause", "offset": [4522, 4533]}, {"key": "right-of-reimbursement", "type": "clause", "offset": [4649, 4671]}, {"key": "assignment-of-the", "type": "clause", "offset": [4716, 4733]}, {"key": "to-transfer", "type": "clause", "offset": [4762, 4773]}, {"key": "in-accordance-with", "type": "definition", "offset": [4911, 4929]}, {"key": "rules-and-regulations", "type": "clause", "offset": [4936, 4957]}, {"key": "it-is-understood-and-agreed-that", "type": "definition", "offset": [4959, 4991]}, {"key": "obligation-of-the-seller", "type": "clause", "offset": [4996, 5020]}, {"key": "constituent-document", "type": "definition", "offset": [5164, 5184]}, {"key": "sole-remedy", "type": "definition", "offset": [5213, 5224]}, {"key": "available-to", "type": "definition", "offset": [5260, 5272]}, {"key": "on-behalf-of", "type": "definition", "offset": [5307, 5319]}], "snippet": "The Trustee acknowledges receipt (or, with respect to Mortgage Loans subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, receipt by the respective Custodian as the duly appointed agent of the Trustee) of the documents referred to in Section 2.01(b)(i) above (except that for purposes of such acknowledgement only, a Mortgage Note may be endorsed in blank) and declares that it, or a Custodian as its agent, holds and will hold such documents and the other documents constituting a part of the Mortgage Files delivered to it, or a Custodian as its agent, and the rights of Residential Funding with respect to any Pledged Assets, Additional Collateral and the Surety Bond assigned to the Trustee pursuant to Section 2.01, in trust for the use and benefit of all present and future Certificateholders. The Trustee or Custodian (such Custodian being so obligated under a Custodial Agreement) agrees, for the benefit of Certificateholders, to review each Mortgage File delivered to it pursuant to Section 2.01(b) within 45 days after the Closing Date to ascertain that all required documents (specifically as set forth in Section 2.01(b)), have been executed and received, and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule, as supplemented, that have been conveyed to it, and to deliver to the Trustee a certificate (the \"Interim Certification\") to the effect that all documents required to be delivered pursuant to Section 2.01(b) above have been executed and received and that such documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule, except for any exceptions listed on Schedule A attached to such Interim Certification. Upon delivery of the Mortgage Files by the Company or the Master Servicer, the Trustee shall acknowledge receipt (or, with respect to Mortgage Loans subject to a Custodial Agreement, and based solely upon a receipt or certification executed by the Custodian, receipt by the respective Custodian as the duly appointed agent of the Trustee) of the documents referred to in Section 2.01(c) above. If the Custodian, as the Trustee's agent, finds any document or documents constituting a part of a Mortgage File to be missing or defective, the Trustee shall promptly so notify the Master Servicer and the Company. Pursuant to Section 2.3 of the Custodial Agreement, the Custodian will notify the Master Servicer, the Company and the Trustee of any such omission or defect found by it in respect of any Mortgage File held by it in respect of the items reviewed by it pursuant to the Custodial Agreement. If such omission or defect materially and adversely affects the interests of the Certificateholders, the Master Servicer shall promptly notify the related Subservicer or Seller of such omission or defect and request that such Subservicer or Seller correct or cure such omission or defect within 60 days from the date the Master Servicer was notified of such omission or defect and, if such Subservicer or Seller does not correct or cure such omission or defect within such period, that such Subservicer or Seller purchase such Mortgage Loan from the Trust Fund at its Purchase Price, in either case within 90 days from the date the Master Servicer was notified of such omission or defect; provided that if the omission or defect would cause the Mortgage Loan to be other than a \"qualified mortgage\" as defined in Section 860G(a)(3) of the Code, any such cure or repurchase must occur within 90 days from the date such breach was discovered. The Purchase Price for any such Mortgage Loan, whether purchased by the Seller or the Subservicer, shall be deposited or caused to be deposited by the Master Servicer in the Custodial Account maintained by it pursuant to Section 3.07 and, upon receipt by the Trustee of written notification of such deposit signed by a Servicing Officer, the Trustee or any Custodian, as the case may be, shall release to the Master Servicer the related Mortgage File and the Trustee shall execute and deliver such instruments of transfer or assignment prepared by the Master Servicer, in each case without recourse, as shall be necessary to vest in the Seller or its designee or the Subservicer or its designee, as the case may be, any Mortgage Loan released pursuant hereto and thereafter such Mortgage Loan shall not be part of the Trust Fund. In furtherance of the foregoing, if the Subservicer or Seller that repurchases the Mortgage Loan is not a member of MERS and the Mortgage is registered on the MERS(R) System, the Master Servicer, at its own expense and without any right of reimbursement, shall cause MERS to execute and deliver an assignment of the Mortgage in recordable form to transfer the Mortgage from MERS to such Subservicer or Seller and shall cause such Mortgage to be removed from registration on the MERS(R) System in accordance with MERS' rules and regulations. It is understood and agreed that the obligation of the Seller or the Subservicer, as the case may be, to so cure or purchase any Mortgage Loan as to which a material and adverse defect in or omission of a constituent document exists shall constitute the sole remedy respecting such defect or omission available to Certificateholders or the Trustee on behalf of the Certificateholders.", "samples": [{"hash": "rItmoZrfYe", "uri": "/contracts/rItmoZrfYe#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Residential Accredit Loans Inc)", "score": 18.0, "published": true}, {"hash": "lkuYfjsBWXN", "uri": "/contracts/lkuYfjsBWXN#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Residential Accredit Loans Inc)", "score": 18.0, "published": true}, {"hash": "kpBBN1Ky4W1", "uri": "/contracts/kpBBN1Ky4W1#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (RALI Series 2005-Qs8 Trust)", "score": 18.0, "published": true}], "hash": 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"definition", "offset": [3515, 3535]}, {"key": "sole-remedy", "type": "definition", "offset": [3564, 3575]}, {"key": "to-the-trustee", "type": "clause", "offset": [3621, 3635]}, {"key": "on-behalf-of", "type": "definition", "offset": [3636, 3648]}, {"key": "obligation-to", "type": "clause", "offset": [3707, 3720]}, {"key": "to-determine", "type": "definition", "offset": [3807, 3819]}, {"key": "keep-confidential", "type": "definition", "offset": [4025, 4042]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [4111, 4129]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [4146, 4167]}, {"key": "deliver-to", "type": "definition", "offset": [4224, 4234]}, {"key": "the-depositor-and-the-servicer", "type": "clause", "offset": [4235, 4265]}, {"key": "form-of", "type": "definition", "offset": [4316, 4323]}, {"key": "exhibit-g", "type": "definition", "offset": [4324, 4333]}, {"key": "status-of-the", "type": "clause", "offset": [4369, 4382]}], "snippet": "Except as set forth in the Exception Report delivered contemporaneously herewith (the \"Exception Report\"), the Trustee acknowledges receipt of the Mortgage Note for each Mortgage Loan and delivery of a Mortgage File (but does not acknowledge receipt of all documents required to be included in such Mortgage File) with respect to each Mortgage Loan and declares that it holds and will hold such documents and any other documents constituting a part of the Mortgage Files delivered to it in trust for the use and benefit of all present and future Certificateholders. The Depositor will cause the Seller to repurchase any Mortgage Loans to which an exception was taken in the Exception Report unless such exception is cured to the satisfaction of the Trustee within 45 Business Days of the Closing Date. The Trustee agrees, for the benefit of Certificateholders, to review each Mortgage File delivered to it within 270 days after the Closing Date to ascertain that all documents required by Section 2.01 have been executed and received, and that such documents relate to the Mortgage Loans identified in Exhibit A that have been conveyed to it. If the Trustee finds any document or documents constituting a part of a Mortgage File to be missing or defective (that is, mutilated, damaged, defaced or unexecuted) in any material respect, the Trustee shall promptly (and in any event within no more than five Business Days) after such finding so notify the Servicer, the Seller and the Depositor. In addition, the Trustee shall also notify the Servicer, the Seller and the Depositor, if (a) in examining the Mortgage Files, the documentation shows on its face (i) any adverse claim, lien or encumbrance, (ii) that any Mortgage Note was overdue or had been dishonored, (iii) any evidence on the face of any Mortgage Note or Mortgage of any security interest or other right or interest therein, or (iv) any defense against or claim to the Mortgage Note by any party or (b) the original Mortgage with evidence of recording thereon with respect to a Mortgage Loan is not received within 270 days of the Closing Date. The Trustee shall request that the Seller correct or cure such omission, defect or other irregularity, or substitute a Mortgage Loan pursuant to the provisions of Section 3.03, within 60 days from the date the Seller was notified of such omission or defect and, if the Seller does not correct or cure such omission or defect within such period, that the Seller purchase such Mortgage Loan from the Trustee within 90 days from the date the Trustee notified the Seller of such omission, defect or other irregularity at the Purchase Price of such Mortgage Loan. The Purchase Price for any Mortgage Loan purchased pursuant to this Section 2.02 shall be paid to the Servicer and deposited by the Servicer in the Collection Account promptly upon receipt, and, upon receipt by the Trustee of written notification of such deposit signed by a Servicing Officer, the Trustee shall promptly release to the Seller the related Mortgage File and the Trustee shall execute and deliver such instruments of transfer or assignment, without recourse, as shall be necessary to vest in the Seller or its designee, as the case may be, any Mortgage Loan released pursuant hereto, and the Trustee shall have no further responsibility with regard to such Mortgage Loan. It is understood and agreed that the obligation of the Seller to purchase, cure or substitute any Mortgage Loan as to which a material defect in or omission of a constituent document exists shall constitute the sole remedy respecting such defect or omission available to the Trustee on behalf of Certificateholders. The Trustee shall be under no duty or obligation to inspect, review and examine such documents, instruments, certificates or other papers to determine that they are genuine, enforceable or appropriate to the represented purpose, or that they have actually been recorded, or that they are other than what they purport to be on their face. The Trustee shall keep confidential the name of each Mortgagor and shall not solicit any such Mortgagor for the purpose of refinancing the related Mortgage Loan. Within 280 days of the Closing Date, the Trustee shall deliver to the Depositor and the Servicer the Trustee's Certification, substantially in the form of Exhibit G attached hereto, setting forth the status of the Mortgage Files as of such date.", "samples": [{"hash": "lB5YRIWx1YH", "uri": "/contracts/lB5YRIWx1YH#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Chase Mortgage Finance Corp)", "score": 18.0, "published": true}, {"hash": "l6ghkOjsm2j", "uri": "/contracts/l6ghkOjsm2j#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Chase Mortgage Finance Corp)", "score": 18.0, "published": true}, {"hash": "jwQzBYQufQv", "uri": "/contracts/jwQzBYQufQv#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Chase Mortgage Finance Corp)", "score": 18.0, "published": true}], "hash": "540204238f37f0854e02e841f43aba8c", "id": 2}, {"size": 297, "snippet_links": [{"key": "standard-terms", "type": "definition", "offset": [25, 39]}], "snippet": "(See Section 2.02 of the Standard Terms)", "samples": [{"hash": "gB1RFTnRhqv", "uri": "/contracts/gB1RFTnRhqv#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (Phoenix Residential Securities, LLC)", "score": 23.0999317169, "published": true}, {"hash": "70pZnAQZlSC", "uri": "/contracts/70pZnAQZlSC#acceptance-by-trustee", "label": "Master Servicing Agreement (Phoenix Residential Securities, LLC)", "score": 22.8918552399, "published": true}, {"hash": "kOjIc5VBPRR", "uri": "/contracts/kOjIc5VBPRR#acceptance-by-trustee", "label": "Pooling and Servicing Agreement (RFMSI Series 2006-S5 Trust)", "score": 21.0, "published": true}], "hash": "c45e17877c4d7cb3378dc1c745bc4e2c", "id": 3}, {"size": 93, "snippet_links": [], "snippet": "17 Section 2.04.", "samples": [{"hash": "qIPF3dtvmN", "uri": "/contracts/qIPF3dtvmN#acceptance-by-trustee", "label": "Pass Through Trust Agreement (Amtran Inc)", "score": 18.0, "published": true}, {"hash": "kyfpSf0kbqv", "uri": "/contracts/kyfpSf0kbqv#acceptance-by-trustee", "label": "Pass Through Trust Agreement (Southwest Airlines Co)", "score": 18.0, "published": true}, {"hash": "jhiMKYhCy1w", "uri": "/contracts/jhiMKYhCy1w#acceptance-by-trustee", "label": "Pass Through Trust Agreement (America West Airlines Inc)", "score": 18.0, "published": true}], "hash": "36c2b46643f6fd218e854533d763b790", "id": 9}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5hY2NlcHRhbmNlLWJ5LXRydXN0ZWUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"parents": [["conveyance-of-mortgage-loans-original-issuance-of-certificates", "Conveyance of Mortgage Loans Original Issuance of Certificates"], ["miscellaneous-provisions", "MISCELLANEOUS PROVISIONS"], ["miscellaneous", "Miscellaneous"], ["definitions", "Definitions"], ["conveyance-of-mortgage-loans-trust-fund", "CONVEYANCE OF MORTGAGE LOANS; TRUST FUND"]], "children": [["", ""], ["acceptance-by-trustee", "Acceptance by Trustee"], ["governing-law", "GOVERNING LAW"], ["ranking", "RANKING"], ["indenture", "INDENTURE"]], "size": 3538, "title": "Acceptance by Trustee", "id": "acceptance-by-trustee", "related": [["acceptance-of-remic-i-by-trustee", "Acceptance of REMIC I by Trustee", "Acceptance of REMIC I by Trustee"], ["acceptance-by-trustee-of-the-mortgage-loans", "Acceptance by Trustee of the Mortgage Loans", "<strong>Acceptance by Trustee</strong> of the Mortgage Loans"], ["acceptance-of-mortgage-loans-by-trustee", "Acceptance of Mortgage Loans by Trustee", "Acceptance of Mortgage Loans by Trustee"], ["acceptance-by-the-trustee", "Acceptance by the Trustee", "Acceptance by the Trustee"], ["actions-by-trustee", "Actions by Trustee", "Actions by Trustee"]], "related_snippets": [], "updated": "2026-07-02T06:35:13+00:00", "also_ask": ["What are the minimum requirements for valid trustee acceptance under relevant law?", "How can parties negotiate conditions precedent to trustee acceptance for strategic leverage?", "What drafting elements are essential to avoid ambiguity or challenge to trustee acceptance?", "What are the main risks if trustee acceptance is delayed, conditional, or improperly documented?", "How have courts interpreted and enforced trustee acceptance clauses in disputes?"], "drafting_tip": "Specify acceptance procedures, require written confirmation, and clarify effective date to ensure clear trustee consent and prevent disputes over appointment validity.", "explanation": "The 'Acceptance by Trustee' clause defines the formal process by which a trustee agrees to undertake the duties and responsibilities outlined in a trust agreement. Typically, this clause requires the trustee to provide written confirmation or execute a specific document signifying their acceptance of the role. By ensuring that the trustee explicitly acknowledges their obligations, this clause helps prevent disputes about whether the trustee has officially assumed their position and clarifies the commencement of their fiduciary duties."}, "json": true, "cursor": ""}}