Common use of Conveyance of Interests Clause in Contracts

Conveyance of Interests. Effective as of the Closing Date, the Depositor does hereby transfer, assign, set over, deposit with and otherwise convey to the Trustee, without recourse, in trust, all the right, title and interest of the Depositor in and to (i) the Majority Mortgage Loans and the 000 Xxxxxx Xxxxxx Pari Passu Loan in exchange for the REMIC I Regular Interests, (ii) the REMIC I Regular Interests in exchange for the REMIC II Certificates, (iii) the REMIC II Regular Interests in exchange for the REMIC III Certificates and (iv) the right to receive Excess Interest in exchange for the Class S Certificates.

Conveyance of Interests. Effective as of the Closing Date, the Depositor does hereby transfer, assign, set over, deposit with and otherwise convey to the Trustee, without recourse, in trust, all the right, title and interest of the Depositor in and to (i) the Majority Mortgage Loans and the 000 Xxxxxx Xxxxxx Mall at Millenia Pari Passu Loan in exchange for the REMIC I Regular Interests, (ii) the REMIC I Regular Interests in exchange for the REMIC II Certificates, (iii) the REMIC II Regular Interests in exchange for the REMIC III Certificates and (iv) the right to receive Excess Interest in exchange for the Class S Certificates.

Conveyance of Interests. Effective as of the Closing Date, the Depositor does hereby transfer, assign, set over, deposit with and otherwise convey to the Trustee, without recourse, in trust, all the right, title and interest of the Depositor in and to (i) the Majority Mortgage Loans and the 000 Xxxxxx Xxxxxx International Plaza Pari Passu Loan REMIC Regular Interest in exchange for the REMIC I Regular Interests, (ii) the REMIC I Regular Interests in exchange for the REMIC II CertificatesInterests, (iii) the REMIC II Regular Interests in exchange for the REMIC III Certificates and (iv) the right to receive Excess Interest in exchange for the Class S CertificatesGrantor Trust Interest.