Common use of Grantor Trust Pool; Issuance of the Class V Certificates Clause in Contracts

Grantor Trust Pool; Issuance of the Class V Certificates. (a) It is the intention of the parties hereto that: (i) the segregated pool of assets consisting of the Grantor Trust Pool shall constitute a separate portion of the Trust Fund, and the Class V Certificates are hereby designated as representing undivided beneficial interests in such portion of the Trust Fund; (ii) such portions of the Trust Fund collectively constitute a Grantor Trust for federal income tax purposes; and (iii) such segregated pool of assets be collectively designated as the “Grantor Trust Pool” and that the affairs of such portions of the Trust Fund shall be conducted so as to qualify as a Grantor Trust. The provisions of this Agreement shall be interpreted consistently with the foregoing intention. The Trustee, by its execution and delivery hereof, acknowledges the assignment to it of the assets of the Grantor Trust Pool and declares that it holds and will hold such assets in trust for the exclusive use and benefit of all present and future Holders of the Class V Certificates.

Grantor Trust Pool; Issuance of the Class V Certificates. (a) It is the intention of the parties hereto that: (i) the segregated pool of assets consisting of any collections of Post-ARD Additional Interest Received by the Grantor Trust Pool shall constitute with respect to the Mortgage Loans that are ARD Mortgage Loans and/or any successor REO Mortgage Loans with respect thereto constitutes a separate portion of the Trust Fund, and the Class V Certificates are hereby designated as representing undivided beneficial interests in such portion of the Trust Fund; (ii) such portions portion of the Trust Fund collectively constitute constitutes a Grantor Trust for federal income tax purposes; and (iii) such segregated pool of assets be collectively designated as the “Grantor Trust Pool” and that the affairs of such portions portion of the Trust Fund shall be conducted so as to qualify as a Grantor Trust. The provisions of this Agreement shall be interpreted consistently with the foregoing intention. The Trustee, by its execution and delivery hereof, acknowledges the assignment to it of the assets of the Grantor Trust Pool and declares that it holds and will hold such assets in trust for the exclusive use and benefit of all present and future Holders of the Class V Certificates.

Grantor Trust Pool; Issuance of the Class V Certificates. (a) It is the intention of the parties hereto that: (i) the segregated pool of assets consisting of any collections of Post-ARD Additional Interest Received by the Grantor Trust Pool with respect to the Mortgage Loans that are ARD Mortgage Loans and/or any successor REO Mortgage Loans with respect thereto shall constitute a separate portion of the Trust Fund, and the Class V Certificates are hereby designated as representing undivided beneficial interests in such portion of the Trust Fund; (ii) such portions portion of the Trust Fund collectively constitute a Grantor Trust for federal income tax purposes; and (iii) such segregated pool pools of assets be collectively designated as the “Grantor Trust Pool” and that the affairs of such portions of the Trust Fund shall be conducted so as to qualify as a Grantor Trust. The provisions of this Agreement shall be interpreted consistently with the foregoing intention. The Trustee, by its execution and delivery hereof, acknowledges the assignment to it of the assets of the Grantor Trust Pool and declares that it holds and will hold such assets in trust for the exclusive use and benefit of all present and future Holders of the Class V Certificates.

Grantor Trust Pool; Issuance of the Class V Certificates. (a) It is the intention of the parties hereto that: (i) the segregated pool of assets consisting of any collections of Post-ARD Additional Interest Received by the Grantor Trust Pool with respect to the Mortgage Loans that are ARD Mortgage Loans and/or any successor REO Mortgage Loans with respect thereto shall constitute a separate portion of the Trust Fund, and the Class V Certificates are hereby designated as representing undivided beneficial interests in such portion of the Trust Fund; (ii) such portions portion of the Trust Fund collectively constitute a Grantor Trust for federal income tax purposes; and (iii) such segregated pool of assets be collectively designated as the “Grantor Trust Pool” and that the affairs of such portions of the Trust Fund shall be conducted so as to qualify as a Grantor Trust. The provisions of this Agreement shall be interpreted consistently with the foregoing intention. The Trustee, by its execution and delivery hereof, acknowledges the assignment to it of the assets of the Grantor Trust Pool and declares that it holds and will hold such assets in trust for the exclusive use and benefit of all present and future Holders of the Class V Certificates.

Grantor Trust Pool; Issuance of the Class V Certificates. (a) It is the intention of the parties hereto that: (i) the segregated pool of assets consisting of the Class V Specific Grantor Trust Pool Assets shall constitute a separate portion of the Trust Fund, and the Class V Certificates are hereby designated as representing undivided beneficial interests in such portion of the Trust Fund; (ii) such portions portion of the Trust Fund collectively constitute constitutes a Grantor Trust for federal income tax purposes; and (iii) such segregated pool of assets be collectively designated as the “Grantor Trust Pool” and that the affairs of such portions portion of the Trust Fund shall be conducted so as to qualify as a Grantor Trust. The provisions of this Agreement shall be interpreted consistently with the foregoing intention. The Trustee, by its execution and delivery hereof, acknowledges the assignment to it of the assets of the Grantor Trust Pool and declares that it holds and will hold such assets in trust for the exclusive use and benefit of all present and future Holders of the Class V Certificates, as applicable.