Issuance of the Certificates. The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery to it or to the Custodian on its behalf of the Mortgage Files, subject to the provisions of Section 2.01 and Section 2.02, together with the assignment to it of all other assets included in REMIC I delivered on the date hereof, receipt of which is hereby acknowledged. Concurrently with such assignment and delivery of such assets delivered on the date hereof and in exchange therefor, the Trust Administrator, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, and the Authenticating Agent has authenticated and delivered, to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates constitute the entire beneficial ownership interest in REMIC I-B and REMIC II-C.
Issuance of the Certificates. The Certificates have been duly authorized and, at the Closing Time, will have been duly executed and, when authenticated, issued and delivered in the manner provided for in the Trust Agreement, will be validly issued, fully paid, non-assessable and outstanding and will be in the form contemplated by, and entitled to the benefits of, the Trust Agreement.
Issuance of the Certificates. The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery to it or to the related Custodian on its behalf of the Mortgage Files, subject to the provisions of Section 2.01 and Section 2.02, together with the assignment to it of all other assets included in REMIC I delivered on the date hereof, receipt of which is hereby acknowledged. Concurrently with such assignment and delivery of such assets delivered on the date hereof and in exchange therefor, the Trust Administrator, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered, to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates (other than the Class CE Certificates, the Class P Certificates and the Class R-X Certificates), the Class CE Interest and the Class P Interest constitute the entire beneficial ownership interest in REMIC II.
Issuance of the Certificates. (a) On the Closing Date, the Trust will issue three classes of Certificates designated as the "Revolving Home Equity Loan Asset Backed Certificates, Series 200_-_, Class R-[1]," "Revolving Home Equity Loan Asset Backed Certificates, Series 200_-_, Class R-[2]," and "Revolving Home Equity Loan Asset Backed Certificates, Series 200_-_, Class C" pursuant to this Agreement and deliver them to the order of the Depositor when authenticated.
Issuance of the Certificates. (a) On the Closing Date, the Trust will issue four classes of Certificates designated as the "Revolving Home Equity Loan Asset Backed Certificates, Series 2007-A, Class R-1," "Revolving Home Equity Loan Asset Backed Certificates, Series 2007-A, Class R-2," "Revolving Home Equity Loan Asset Backed Certificates, Series 2007-A, Class E-P," and "Revolving Home Equity Loan Asset Backed Certificates, Series 2007-A, Class C" pursuant to this Agreement and deliver them to the order of the Depositor when authenticated.
Issuance of the Certificates. The Certificates have been duly and validly authorized and, when executed, authenticated and delivered in accordance with the Trust Agreement, will be validly issued and outstanding and entitled to the benefits of the Trust Agreement.
Issuance of the Certificates. The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery to it of the Mortgage Files, subject to the provisions of Section 2.01 and Section 2.02, together with the assignment to it of all other assets included in the Trust Fund delivered on the date hereof, receipt of which is hereby acknowledged. Concurrently with such assignment and delivery of such assets delivered on the date hereof and in exchange therefor, the Trustee, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates constitute the entire beneficial ownership interest in the Trust Fund.
Issuance of the Certificates. The Trustee acknowledges the assignment to it of the Mortgage Loans and the delivery to it or to a Custodian on its behalf, of the Mortgage Files, subject to the provisions of Section 2.01 and Section 2.02, together with the assignment to it of all other assets included in REMIC I-A and REMIC II delivered on the date hereof, receipt of which is hereby acknowledged. Concurrently with such assignment and delivery of such assets delivered on the date hereof and in exchange therefor, the Paying Agent, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, and the Authenticating Agent has authenticated and delivered, to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates constitute the entire beneficial ownership interest in REMIC I-C and REMIC II.
Issuance of the Certificates. The Trustee acknowledges the assignment to it of the Contracts, subject to the provisions of Section 2.01 and Section 2.03, together with the assignment to it of all other assets included in the Trust Fund, the receipt of which is hereby acknowledged. Concurrently with such assignment and delivery on the Closing Date and in exchange therefor, the Trustee, pursuant to the written request of the Depositor executed by an officer of the Depositor, has executed, authenticated and delivered to or upon the order of the Depositor, the Certificates in authorized denominations. The interests evidenced by the Certificates constitute the entire beneficial ownership interest in the Trust Fund. The rights of the Certificateholders to receive distributions from the proceeds of the Trust Fund in respect of the Certificates, and all ownership interests evidenced or constituted by the Certificates, shall be as set forth in this Agreement.
Issuance of the Certificates. The closing ("Closing") of the deposit of the Notes (with the Guarantee attached thereto) and the Swap Agreement and the issuance of the Certificates of Beneficial Interest under this Agreement to CFC shall occur at 9:00 a.m. on the Refinancing Date (the "Closing Date") at the offices of Xxxxxx & Xxxxxx L.L.P., The Xxxxxxx Office Building, 0000 Xxxxxxxxxxxx Xxxxxx, X.X., Xxxxxxxxxx, X.X. 00000-0000, or at such other time and place as the parties may agree. All of the actions or events scheduled in this Agreement, and in the other agreements or documents delivered concurrently with the execution of this Agreement, to take place on the Refinancing Date, and taken or occurring on such date, shall be deemed to occur simultaneously. Should the conditions to issuance of the Certificates specified in Section 2.3 hereof not be satisfied on the Refinancing Date, this Agreement and the Trust created hereby shall not terminate until the parties hereto mutually agree to terminate the Trust. Neither CFC nor the Cooperative nor the Trustee shall be liable to any other party for failure to issue the Certificates because of the failure of the trustee of the Original Trusts to deliver the Notes to CFC or the Trustee on the Refinancing Date.
