Derivative Contracts. (a) At the direction of the Seller, the Owner Trustee shall, on behalf of the Trust, enter into derivative contracts for the benefit of the Certificates; provided however the counterparty to such derivative contract shall not be an Affiliate of the Depositor. Any acquisition of a derivative contract shall be accompanied by (i) an appropriate amendment to this Agreement, and (ii) any Opinion of Counsel required by Section 10.01.
Appears in 10 contracts
Samples: Trust Agreement (GSC Capital Corp. Mortgage Trust 2006-1), Trust Agreement (GSC Capital Corp. Mortgage Trust 2006-2), Trust Agreement (American Home Mortgage Investment Trust 2005-4)
Derivative Contracts. (a) At a)At the direction of the Seller, the Owner Trustee shall, on behalf of the Trust, enter into derivative contracts for the benefit of the Certificates; provided however the counterparty to such derivative contract shall not be an Affiliate of the Depositor. Any acquisition of a derivative contract shall be accompanied by (i) an appropriate amendment to this Agreement, and (ii) any Opinion of Counsel required by Section 10.01.
Appears in 2 contracts
Samples: Trust Agreement (Mortgageit Trust 2004-2, Mortgage-Backed Notes, Series 2004-2), Trust Agreement (MORTGAGEIT TRUST 2005-1, Mortgage-Backed Notes, Series 2005-1)
Derivative Contracts. (a) At the direction of the SellerSponsor, the Owner Trustee shall, on behalf of the Trust, enter into derivative contracts for the benefit of the CertificatesCertificate; provided however the counterparty to such derivative contract shall not be an Affiliate of the Depositor. Any acquisition of a derivative contract shall be accompanied by (i) an appropriate amendment to this Agreement, and (ii) any Opinion of Counsel required by Section 10.01.
Appears in 1 contract
Samples: Trust Agreement (American Home Mortgage Investment Trust 2006-1)
Derivative Contracts. (a) At the direction of the Seller, the Owner Trustee shall, on behalf of the Trust, Trust shall enter into derivative contracts for the benefit of the CertificatesCertificateholders; provided however the counterparty to such derivative contract shall not be an Affiliate of the Depositor. Any acquisition of a derivative contract shall be accompanied by (i) an appropriate amendment to this Agreement, and (ii) any Opinion of Counsel required by Section 10.0110.01 and (iii) the consent of each Certificateholder to the acquisition of such derivative contract. Such derivative contract shall be executed on behalf of the Trust by the Certificate Paying Agent.
Appears in 1 contract
Derivative Contracts. (ai) At the direction of the SellerSponsor, the Owner Trustee shall, on behalf of the Trust, enter into derivative contracts for the benefit of the CertificatesCertificate; provided however the counterparty to such derivative contract shall not be an Affiliate of the Depositor. Any acquisition of a derivative contract shall be accompanied by (i) an appropriate amendment to this Agreement, and (ii) any Opinion of Counsel required by Section 10.01.
Appears in 1 contract
Samples: Trust Agreement (American Home Mortgage Investment Trust 2006-2)
