Common use of Additional Trust Fund Termination Requirements Clause in Contracts

Additional Trust Fund Termination Requirements. (a) In the event of any termination of the Trust Fund or portion thereof pursuant to Section 7.01(b), 7.01(c) or 7.01(d), the REMIC holding the related Mortgage Loans shall be liquidated in accordance with the following additional requirements, unless the Trustee seeks (at the request of the party purchasing the Mortgage Loans pursuant to Section 7.01(b) ), 7.01(c) or 7.01(d), and subsequently receives, an Opinion of Counsel (at the expense of such purchasing party), addressed to the Trustee to the effect that the failure of the Trust Fund to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:

Additional Trust Fund Termination Requirements. (a) In the event of any termination of the Trust Fund or portion thereof pursuant to Section 7.01(b), 7.01(c) or 7.01(d7.01(c), the REMIC holding the related Mortgage Loans shall be liquidated in accordance with the following additional requirements, unless the Trustee seeks (at the request of the party purchasing the Mortgage Loans pursuant to Section 7.01(b) or 7.01(c), 7.01(c) or 7.01(d), and subsequently receives, an Opinion of Counsel (at the expense of such purchasing party), addressed to the Trustee to the effect that the failure of the Trust Fund to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:

Additional Trust Fund Termination Requirements. (a) In the event of any termination of the Trust Fund or portion thereof pursuant to Section 7.01(b), 7.01(c) or 7.01(d), the REMIC holding the related Mortgage Loans shall be liquidated in accordance with the following additional requirements, unless the Trustee seeks (at the request of the party purchasing the Mortgage Loans pursuant to Section 7.01(b) ), 7.01(c) or 7.01(d)), and subsequently receives, an Opinion of Counsel (at the expense of such purchasing party), addressed to the Trustee to the effect that the failure of the Trust Fund to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:

Additional Trust Fund Termination Requirements. (a) In the event of any termination of the Trust Fund pursuant to Section 7.01(d) or portion thereof pursuant to Section 7.01(b), 7.01(c) or 7.01(d7.01(c), the REMIC holding the related Mortgage Loans shall be liquidated in accordance with the following additional requirements, unless the Trustee seeks (at the request of the party purchasing the Mortgage Loans pursuant to Section 7.01(b) ), 7.01(c) or 7.01(d), and subsequently receives, an Opinion of Counsel (at the expense of such purchasing party), addressed to the Trustee to the effect that the failure of the Trust Fund to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event: