Common use of Additional Trust Fund Termination Requirements Clause in Contracts

Additional Trust Fund Termination Requirements. (a) On the termination of the Trust Fund under Section 7.01 (a), or on the exercise of a right to purchase all of the Mortgage Loans of Aggregate Pool A or Pool 1 under Section 7.01(c), the Trustee shall comply with requirements of this Section 7.03 with respect to each Lower Tier REMIC relating to the assets to be sold (the “Affected REMIC”) and the Middle REMIC 1 in the case of a liquidation of Lower-Tier REMIC 1 and with respect to the Certificates corresponding to the Affected REMIC (the “Corresponding Certificates”), unless the party having the right to purchase the assets of the Affected REMIC (the “Purchaser”) delivers to the Trustee, an Opinion of Counsel (at the expense of the Purchaser), addressed to the Trustee to the effect that the failure of the 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) On the termination of the Trust Fund under Section 7.01 (a), upon an Auction Sale pursuant to Section 7.01(b) or on upon the exercise of a the right to purchase all of the Mortgage Loans of Aggregate Pool A or Pool 1 under pursuant to Section 7.01(c), the Trustee Securities Administrator, on behalf of the Trustee, shall comply with requirements of this Section 7.03 with respect to each Lower Tier REMIC relating to the assets to be sold (the “"Affected REMIC”") and the Middle REMIC 1 in the case of a liquidation of Lower-Tier REMIC 1 and with respect to the Certificates corresponding to the Affected REMIC (the “"Corresponding Certificates”"), unless the party having the right to purchase the assets of the Affected REMIC (the “"Purchaser”") delivers to the TrusteeTrustee and the Securities Administrator, an Opinion of Counsel (at the expense of the PurchaserMaster Servicer's expense), addressed to the Trustee and the Securities Administrator to the effect that the failure of the Trustee and the Securities Administrator to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:

Additional Trust Fund Termination Requirements. (a) On the termination of the Trust Fund under Section 7.01 (a), upon an Auction Sale pursuant to Section 7.01(b) or on upon the exercise of a the right to purchase all of the Mortgage Loans of Aggregate Pool A or Pool 1 under pursuant to Section 7.01(c), the Trustee Securities Administrator, on behalf of the Trustee, shall comply with requirements of this Section 7.03 with respect to each Lower Tier REMIC relating to the assets to be sold (the “Affected REMIC”) and the Middle REMIC 1 in the case of a liquidation of Lower-Tier REMIC 1 and with respect to the Certificates corresponding to the Affected REMIC (the “Corresponding Certificates”), unless the party having the right to purchase the assets of the Affected REMIC (the “Purchaser”) delivers to the TrusteeTrustee and the Securities Administrator, an Opinion of Counsel (at the expense of the PurchaserMaster Servicer’s expense), addressed to the Trustee and the Securities Administrator to the effect that the failure of the Trustee and the Securities Administrator to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:

Additional Trust Fund Termination Requirements. (a) On the termination of the Trust Fund under Section 7.01 (a), upon an Auction Sale pursuant to Section 7.01(b) or on upon the exercise of a the right to purchase all of the Mortgage Loans of Aggregate Pool A or Pool 1 under Loans, pursuant to Section 7.01(c), the Trustee Securities Administrator, on behalf of the Trustee, shall comply with requirements of this Section 7.03 with respect to each Lower Tier REMIC relating to the assets to be sold (the “"Affected REMIC”") and the Middle REMIC 1 in the case of a liquidation of Lower-Tier REMIC 1 and with respect to the Certificates corresponding to the Affected REMIC (the “"Corresponding Certificates”"), unless the party having the right to purchase the assets of the Affected REMIC (the “"Purchaser”") delivers to the TrusteeTrustee and the Securities Administrator, an Opinion of Counsel (at the expense of the PurchaserMaster Servicer's expense), addressed to the Trustee and the Securities Administrator to the effect that the failure of the Trustee and the Securities Administrator to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event:

Additional Trust Fund Termination Requirements. (a) On the termination of the Trust Fund under Section 7.01 (a), or on the exercise of a right to purchase all of the Mortgage Loans of Aggregate Pool A I or Aggregate Pool 1 II under Section 7.01(c), the Trustee shall comply with requirements of this Section 7.03 with respect to each Lower Tier REMIC relating to the assets to be sold (the “Affected REMIC”) and the Middle REMIC 1 in the case of a liquidation of Lower-Tier REMIC 1 and with respect to the Certificates corresponding to the Affected REMIC (the “Corresponding Certificates”), unless the party having the right to purchase the assets of the Affected REMIC (the “Purchaser”) delivers to the Trustee, an Opinion of Counsel (at the expense of the Purchaser), addressed to the Trustee to the effect that the failure of the 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) On the termination of the Trust Fund under Section 7.01 (a), or on the exercise of a right to purchase all of the Mortgage Loans of Aggregate Pool A or Pool 1 under Section 7.01(c), the Trustee shall comply with requirements of this Section 7.03 with respect to each Lower Tier REMIC relating to the assets to be sold (the “Affected REMIC”) and the Middle REMIC 1 in the case of a liquidation of Lower-Tier REMIC 1 and with respect to the Certificates corresponding to the Affected REMIC (the “Corresponding Certificates”), unless the party having the right to purchase the assets of the Affected REMIC (the “Purchaser”) delivers to the Trustee, an Opinion of Counsel (at the expense of the Purchaser), addressed to the Trustee to the effect that the failure of the Trustee to comply with the requirements of this Section 7.03 will not result in an Adverse REMIC Event: