Common use of Custodian to Act as Agent: Acceptance of Mortgage Files Clause in Contracts

Custodian to Act as Agent: Acceptance of Mortgage Files. The Custodian, as the duly appointed agent of the Indenture Trustee for these purposes, acknowledges that it will hold the Mortgage Notes, the Related Documents, the assignments and other documents required to be delivered by RRIC to the Custodian pursuant to Section 2.1(b) of the Contribution Agreement and relating to the Mortgage Loans identified on Schedule I hereto and declares that it will hold such Mortgage Notes, Related Documents, assignments and other documents and any similar documents received by the Indenture Trustee subsequent to the date hereof (the “Mortgage Files”) as agent for the Indenture Trustee, in trust, for the benefit of all present and future Noteholders. The Custodian agrees to execute the initial certification and the final certification set forth on Exhibits C-1 and C-2 of the Agreement.

Appears in 4 contracts

Samples: Custodial Agreement (Renaissance Home Equity Loan Trust 2006-3), Custodial Agreement (Renaissance Home Equity Loan Trust 2006-3), Custodial Agreement (Renaissance Home Equity Loan Trust 2007-1)

AutoNDA by SimpleDocs

Custodian to Act as Agent: Acceptance of Mortgage Files. The Custodian, as the duly appointed agent of the Indenture Trustee for these purposes, acknowledges that it will hold receipt of the Mortgage Notes, the Related Documents, the assignments and other documents required to be delivered by RRIC the Seller to the Custodian pursuant to Section 2.1(b2.01(b) of the Contribution Agreement and relating to the Mortgage Loans identified on Schedule I hereto and declares that it holds and will hold such Mortgage Notes, Related Documents, assignments and other documents and any similar documents received by the Indenture Trustee subsequent to the date hereof (the "Mortgage Files") as agent for the Indenture Trustee, in trust, for the benefit of all present and future NoteholdersCertificateholders. The Custodian agrees to execute the initial certification Initial Certification and the final certification Final Certification described in Sections 2.02 and set forth on Exhibits C-1 O and C-2 P of the Agreement.

Appears in 1 contract

Samples: Custodial Agreement (Delta Funding Corp /De/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.