Initial Beneficiary. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 and until the issuance of the Certificates, the Depositor shall be the sole beneficiary of the Trust.
Appears in 29 contracts
Sources: Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H2), Trust Agreement (Indymac MBS Inc)
Initial Beneficiary. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 and until the issuance of the CertificatesOwnership Certificate, the Depositor shall be the sole beneficiary of the Trust.
Appears in 22 contracts
Sources: Trust Agreement (Homebanc Corp), Trust Agreement (SASCO Mortgage Loan Trust 2004-Gel3), Trust Agreement (Aegis Asset Backed Securities Trust 2005-1)
Initial Beneficiary. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 2.5 and until the issuance of the CertificatesCertificate, the Depositor shall be the sole beneficiary of the Trust.
Appears in 5 contracts
Sources: Owner Trust Agreement (FBR Securitization, Inc.), Owner Trust Agreement (First NLC Trust 2005-3 Mortgate-Backed Notes, Series 2005-3), Owner Trust Agreement (FBR Securitization, Inc.)
Initial Beneficiary. Upon the formation The initial beneficiary of the Trust by the contribution by the Depositor pursuant to Section 2.05 and until the issuance of the Certificates, the Depositor shall be the sole beneficiary of the TrustDepositor.
Appears in 4 contracts
Sources: Trust Agreement (HomeBanc 2007-1), Trust Agreement (HomeBanc 2006-1), Trust Agreement (Homebanc Corp)
Initial Beneficiary. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 2.5 and until the issuance of the CertificatesOwnership Certificate, the Depositor shall be the sole beneficiary of the Trust.
Appears in 4 contracts
Sources: Owner Trust Agreement (FBR Securitization, Inc.), Owner Trust Agreement (FBR Securitization Trust 2005-1), Owner Trust Agreement (First NLC Securitization, Inc.)
Initial Beneficiary. Upon the formation of the Trust by the initial contribution by the Depositor and the filing of the Certificate of Trust pursuant to Section 2.05 and until the issuance of the Ownership Certificates, the Depositor shall be the sole beneficiary of the Trust.
Appears in 4 contracts
Sources: Trust Agreement (Thornburg Mortgage Securities Trust 2007-1), Trust Agreement (Thornburg Mortgage Securities Corp), Trust Agreement (Thornburg Mortgage Securities Trust 2007-2)
Initial Beneficiary. Upon the formation of the Trust by the initial contribution by the Depositor and the filing of the Certificate of Trust pursuant to Section 2.05 and until the Depositor assigns its interest in the Trust to the Initial Holder contemporaneously with the issuance of the Owner Trust Certificates, the Depositor shall be the sole beneficiary of the Trust.
Appears in 2 contracts
Sources: Trust Agreement (PHH Mortgage Trust, Series 2008-Cim1), Trust Agreement (PHH Mortgage Trust, Series 2008-Cim2)
Initial Beneficiary. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 and until the issuance of the Ownership Certificates, the Depositor shall be the sole beneficiary of the Trust.
Appears in 1 contract
Sources: Trust Agreement (Aegis 2006-1)
Initial Beneficiary. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 2.5 and until the issuance of the Ownership Certificates, the Depositor shall be the sole beneficiary of the Trust.
Appears in 1 contract