Common use of Additional Trust Fund Termination Requirements Clause in Contracts

Additional Trust Fund Termination Requirements. (a) Any termination of the Trust Fund in connection with the Clean-up Call or involving any other sale of assets of the Trust Fund prior to the final payment or other liquidation of the last Mortgage Loan remaining in the Trust Fund shall be effected in accordance with the following additional requirements, unless the Securities Administrator and the Trustee receive an Opinion of Counsel (at the expense of the party exercising any right of termination), addressed to the Securities Administrator and 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) Any On the termination of the Trust Fund in connection under Section 7.01 (a), or on the exercise of a right to purchase all of the Mortgage Loans under Section 7.01(c), the Trustee shall comply with requirements of this Section 7.03 unless the Clean-up Call or involving any other sale of party having the right to purchase the assets of the Trust Fund prior Lower Tier REMIC (the “Purchaser”) delivers to the final payment or other liquidation of the last Mortgage Loan remaining in the Trust Fund shall be effected in accordance with the following additional requirementsTrustee, unless the Securities Administrator and the Trustee receive an Opinion of Counsel (at the expense of the party exercising any right of terminationPurchaser), addressed to the Securities Administrator and the Trustee to the effect that the failure of the Trust Fund Trustee to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:

Additional Trust Fund Termination Requirements. (a) Any On the termination of the Trust Fund in connection with under Section 7.01 (a), or on the Clean-up Call or involving any other sale exercise of assets a right to purchase all of the Trust Fund prior Mortgage Loans of the Aggregate Pool under Section 7.01(c), the Trustee shall comply with requirements of this Section 7.03 unless the party having the right to purchase such assets (the “Purchaser”) delivers to the final payment or other liquidation of the last Mortgage Loan remaining in the Trust Fund shall be effected in accordance with the following additional requirementsTrustee, unless the Securities Administrator and the Trustee receive an Opinion of Counsel (at the expense of the party exercising any right of terminationPurchaser), addressed to the Securities Administrator and the Trustee to the effect that the failure of the Trust Fund Trustee to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:

Additional Trust Fund Termination Requirements. (a) Any In the event of any termination of the Trust Fund in connection with or portion thereof pursuant to Section 7.01(b), the Clean-up Call or involving any other sale of assets of REMIC holding the Trust Fund prior to the final payment or other liquidation of the last related Mortgage Loan remaining in the Trust Fund Loans shall be effected liquidated in accordance with the following additional requirements, unless the Securities Administrator Trustee seeks (at the request of the party purchasing the Mortgage Loans pursuant to Section 7.01(b)), and the Trustee receive subsequently receives, an Opinion of Counsel (at the expense of the party exercising any right of terminationsuch purchasing party), addressed to the Securities Administrator and 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) Any termination of the Trust Fund in connection with the Clean-up Call or involving any other sale of assets of the Trust Fund prior to the final payment or other liquidation of the last Mortgage Loan remaining in the Trust Fund shall be effected in accordance with the following additional requirements, unless the Securities Administrator Trustee seeks (at the request of the party exercising the option) to (i) redeem all of the Certificates pursuant to Section 7.01(b) or (ii) purchase all of the Mortgage Loans pursuant to Section 7.01(c) and the Trustee receive subsequently receives an Opinion of Counsel (at the expense of the party exercising any right of terminationsuch requesting party), addressed to the Securities Administrator and the Trustee Trustee, to the effect that the failure of the Trust Fund to comply with the requirements of this Section 7.03 will not (I) result in an Adverse the imposition of taxes on any REMIC Eventunder the REMIC Provisions or (II) cause any REMIC established hereunder to fail to qualify as a REMIC at any time that any Certificates are outstanding:

Additional Trust Fund Termination Requirements. (a) Any On the termination of the Trust Fund in connection under Section 7.01 (a), or on the exercise of a right to purchase all of the Mortgage Loans under Section 7.01(c), the Trustee shall comply with requirements of this Section 7.03 unless the Clean-up Call or involving any other sale of party having the right to purchase the assets of Lower Tier REMIC1 (the Trust Fund prior “Purchaser”) delivers to the final payment or other liquidation of the last Mortgage Loan remaining in the Trust Fund shall be effected in accordance with the following additional requirementsTrustee, unless the Securities Administrator and the Trustee receive an Opinion of Counsel (at the expense of the party exercising any right of terminationPurchaser), addressed to the Securities Administrator and the Trustee to the effect that the failure of the Trust Fund Trustee to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:

Additional Trust Fund Termination Requirements. (a) Any In the event of any termination of the Trust Fund in connection with Fund, the Clean-up Call or involving any other sale of assets of REMIC holding the Trust Fund prior to the final payment or other liquidation of the last related Mortgage Loan remaining in the Trust Fund Loans shall be effected liquidated in accordance with the following additional requirements, unless the Securities Administrator Trustee seeks (at the request of the party purchasing the Mortgage Loans pursuant to Section 7.01(b)), and the Trustee receive subsequently receives, an Opinion of Counsel (at the expense of the party exercising any right of terminationsuch purchasing party), addressed to the Trustee and the Securities Administrator and 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) Any On the termination of the Trust Fund in connection under Section 7.01 (a), or on the exercise of a right to purchase all of the Mortgage Loans under Section 7.01(c), the Trustee shall comply with requirements of this Section 7.03, unless the Clean-up Call or involving any other sale of party having the right to purchase the assets of the Trust Fund prior Lower-Tier REMIC (the “Purchaser”) delivers to the final payment or other liquidation of the last Mortgage Loan remaining in the Trust Fund shall be effected in accordance with the following additional requirementsTrustee, unless the Securities Administrator and the Trustee receive an Opinion of Counsel (at the expense of the party exercising any right of terminationPurchaser), addressed to the Securities Administrator and the Trustee to the effect that the failure of the Trust Fund Trustee to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:

Additional Trust Fund Termination Requirements. (a) Any termination of the Trust Fund in connection with the Clean-up Up Call or involving any other sale of assets of the Trust Fund prior to the final payment or other liquidation of the last Mortgage Loan remaining in the Trust Fund shall be effected in accordance with the following additional requirements, unless the Securities Administrator and the Trustee receive an Opinion of Counsel (at the expense of the party exercising any right of termination), addressed to the Securities Administrator and 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) Any termination of the Trust Fund in connection with the Clean-up Up Call or involving any other sale of assets of the Trust Fund prior to the final payment or other liquidation of the last Mortgage Loan remaining in the Trust Fund shall be effected in accordance with the following additional requirements, unless the Securities Administrator and the Trustee receive receivesreceive an Opinion of Counsel (at the expense of the party exercising any right of termination), addressed to the Securities Administrator and 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: