Common use of Creation and Declaration of Trusts; Assignment of Underlying Securities Clause in Contracts

Creation and Declaration of Trusts; Assignment of Underlying Securities. (a) The Depositor, concurrently with the execution and delivery of the applicable Series Supplement, does hereby agree to (i) sell, assign, transfer, set-over and otherwise convey to the Trust, on behalf and for the benefit of the Certificateholders of the related Series of Certificates, without recourse, all the right, title and interest of the Depositor, in, to and under the Underlying Securities attributable to such Series (except for the Underlying Securities attributable to such Series which are not sold by the Depositor, as specified in the Underlying Securities Schedule to the applicable Series Supplement), in each case as identified on the applicable Underlying Securities Schedule, and all other assets to be transferred to the respective Trust for the benefit of the Certificateholders of each such Series (including but not limited to any Credit Support Instrument) or (ii) deliver to the Trustee for credit to the Certificate Account an amount, in immediately available funds in a form acceptable to the Trustee, sufficient to acquire the Underlying Securities on behalf of the Trust attributable to such Series, in each case as identified on the Underlying Security Schedule to the applicable Series Supplement, and all other assets to be transferred to the respective Trust for the benefit of the Certificateholders of each such Series. To the extent the Depositor causes Underlying Securities to be acquired by the Trustee pursuant to clause (ii) above, the Depositor will be identified as the Trustor in the related Series Supplement. Each such sale will include all interest, premium (if any) and principal received by or on behalf of the Depositor of, on or with respect to any such Underlying Securities due after the applicable Cut-off Date, and, unless otherwise specified in the Series Supplement, will exclude (x) all interest, premium (if any) and principal of, on or with respect to any such Underlying Securities due on or before the applicable Cut-off Date and (y) any Retained Interest in any such Underlying Security.

Creation and Declaration of Trusts; Assignment of Underlying Securities. (a) The DepositorTrustor, concurrently with the execution and delivery of the applicable Series Supplementhereof, does hereby agree to (i) sell, assign, transfer, convey and set-over and otherwise convey to the TrustTrustee, on behalf and for the benefit of the Certificateholders of the related each given Series of Certificates, Certificates and without recourse, all the right, title and interest of the Depositor, Trustor in, to and under the Underlying Securities attributable designated to each such Series (except for the Underlying Securities attributable designated to such Series which that are not sold by the DepositorTrustor, as specified in the Underlying Securities Schedule to the applicable Series Supplement), in each case as identified on the applicable Underlying Securities Schedule, and all other assets included or to be transferred to included in the respective Trust for the benefit of the Certificateholders of each such Series (including but not limited to any Credit Support Instrument) or (ii) deliver to the Trustee for credit to deposit in the Certificate Account an amount, in immediately available funds in a form acceptable to the Trustee, sufficient to acquire the Underlying Securities on behalf of the Trust attributable to such Series, in each case as identified on the Underlying Security Schedule to the applicable Series Supplement, and all other assets to be transferred to included in the respective Trust for the benefit of the Certificateholders of each such Series. To the extent the Depositor causes Underlying Securities to be acquired by the Trustee pursuant to clause (ii) above, the Depositor will be identified as the Trustor in the related Series Supplement. Each such sale by the Trustor will include all interest, premium (if any) and principal received by or on behalf of the Depositor Trustor of, on or with respect to any such Underlying Securities due after the applicable Cut-off Date, and, unless otherwise specified in the Series Supplement, will exclude (xi) all interest, premium (if any) and principal of, on or with respect to any such Underlying Securities due on or before the applicable Cut-off Date and (yii) any Retained Interest in any such Underlying Security.

Creation and Declaration of Trusts; Assignment of Underlying Securities. (a) The DepositorTrustor, concurrently with the execution and delivery of the applicable Series Supplement, does hereby agree to (i) sell, assign, transfer, set-over and otherwise convey to the Trust, on behalf and for the benefit of the Certificateholders of the related Series of Certificates, without recourse, all the right, title and interest of the DepositorTrustor, in, to and under the Underlying Securities attributable to such Series (except for the Underlying Securities attributable to such Series which are not sold by the DepositorTrustor, as specified in the Underlying Securities Schedule to the applicable Series Supplement), in each case as identified on the applicable Underlying Securities Schedule, and all other assets to be transferred to the respective Trust for the benefit of the Certificateholders of each such Series (including but not limited to any Credit Support Instrument) or (ii) deliver to the Trustee for credit to the Certificate Account an amount, in immediately available funds in a form acceptable to the Trustee, sufficient to acquire the Underlying Securities on behalf of the Trust attributable to such Series, in each case as identified on the Underlying Security Schedule to the applicable Series Supplement, and all other assets to be transferred to the respective Trust for the benefit of the Certificateholders of each such Series. To the extent the Depositor Trustor causes Underlying Securities to be acquired by the Trustee pursuant to clause (ii) above, the Depositor Trustor will be identified as the Trustor in the related Series Supplement. Each such sale will include all interest, premium (if any) and principal received by or on behalf of the Depositor Trustor of, on or with respect to any such Underlying Securities due after the applicable Cut-off Date, and, unless otherwise specified in the Series Supplement, will exclude (x) all interest, premium (if any) and principal of, on or with respect to any such Underlying Securities due on or before the applicable Cut-off Date and (y) any Retained Interest in any such Underlying Security.

Creation and Declaration of Trusts; Assignment of Underlying Securities. (a) The Depositor, concurrently with the execution and delivery of the applicable Series Supplementhereof, does hereby agree to (i) sell, assign, transfer, convey and set-over and otherwise convey to the TrustTrustee, on behalf and for the benefit of the Certificateholders of the related each given Series of Certificates, Certificates and without recourse, all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in, to and under the Underlying Securities attributable to each such Series (except for the Underlying Securities attributable to such Series which are not sold by the Depositor, as specified in the Underlying Securities Schedule to the applicable Series Supplement), in each case as identified on the applicable Underlying Securities Schedule, and all other assets included or to be transferred to included in the respective Trust for the benefit of the Certificateholders of each such Series (including but not limited to any Credit Support Instrument) or (ii) deliver to the Trustee for credit to deposit in the Certificate Account an amount, in immediately available funds in a form acceptable to the Trustee, sufficient to acquire the Underlying Securities on behalf of the Trust attributable to such Series, in each case as identified on the Underlying Security Schedule to the applicable Series Supplement, and all other assets to be transferred to included in the respective Trust for the benefit of the Certificateholders of each such Series. To the extent the Depositor causes Underlying Securities to be acquired by the Trustee pursuant to clause (ii) above, the Depositor will be identified as the Trustor in the related Series Supplement. Each such sale will include all interest, premium (if any) and principal received by or on behalf of the Depositor of, on or with respect to any such Underlying Securities due after the applicable Cut-off Date, and, unless otherwise specified in the Series Supplement, will exclude (xi) all interest, premium (if any) and principal of, on or with respect to any such Underlying Securities due on or before the applicable Cut-off Date and (yii) any Retained Interest in any such Underlying Security.