Common use of Custody of Mortgage Loan Documents Clause in Contracts

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Notes) will be held by the Initial Agent (or its designee) on behalf of the registered holders of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than any Non-Lead Securitization Note) shall be held in the name of the Trustee (and held by a duly appointed custodian therefor) under the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the Securitization of any Non-Lead Securitization Note, such Note shall be held in the name of the trustee of the related Securitization Trust (and held by a duly appointed custodian therefor) under the related Securitization Servicing Agreement, on behalf of the related Note Holder.

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Notesany Non-Lead Securitization Note) will be held by the Initial Agent (or its designee) on behalf of the registered holders of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than any Non-Lead Securitization Note) shall be held in the name of the Trustee (and held by a duly appointed custodian therefor) under the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the Securitization of any Non-Lead Securitization Note, such Note shall be held in the name of the trustee of the related Securitization Trust (and held by a duly appointed custodian therefor) under the related Securitization Servicing Agreement, on behalf of the related Note Holder.

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Securitization Notes) will be held by the Initial Agent (or its designee) on behalf of the registered holders of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than any the Non-Lead Securitization NoteNotes) shall be held in the name of the Note A-1 Trustee (and held by a duly appointed custodian therefor) under the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the Securitization of any Non-Lead Securitization Note, such Note shall be held in the name of the trustee of the related Securitization Trust (and held by a duly appointed custodian therefor) under the related Securitization Servicing Agreement, on behalf of the related Note Holder.

Custody of Mortgage Loan Documents. Prior to the Lead Note A-1-1 Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Notes) will be held by the Initial Agent (or its designee) on behalf of the registered holders of the Notes. On and after the Lead Note A-1-1 Securitization Date, the originals of all of the Mortgage Loan Documents (other than any the Non-Lead Securitization NoteNotes at such time) shall be held in the name of the Trustee (and held by a duly appointed custodian therefor) under the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the Securitization date of any Non-Lead subsequent Securitization, any Note included in the Securitization Note, Trust related to such Note Securitization shall be held in the name of the trustee of the related Securitization Trust (and held by a duly appointed custodian therefor) under the related Securitization Servicing Agreement, on behalf of the related Note Holder.

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Notesany Non-Lead Securitization Note) will be held by the Initial Agent (or its designee) on behalf of the registered holders of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than any Non-Lead Securitization Note) shall be held in the name of the Note A-1 Trustee (and held by a duly appointed custodian therefor) under the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the Securitization of any Non-Lead Securitization Note, such Note shall be held in the name of the trustee of the related Securitization Trust (and held by a duly appointed custodian therefor) under the related Securitization Servicing Agreement, on behalf of the related Note Holder.