Purposes and Powers of the Trust. The purpose of the trust, as created hereunder, is to engage in the following activities:
Purposes and Powers of the Trust. The purpose of the common law trust, as created hereunder, is to engage in the following activities:
Purposes and Powers of the Trust. (See Section 2.08 of the Standard Terms).
Purposes and Powers of the Trust. The purpose of the common law trust, as created hereunder, is to engage in the following activities (a) to acquire and hold the Mortgage Loans and the other assets of the Trust Fund and the proceeds therefrom; (b) to issue the Certificates sold to the Depositor in exchange for the Mortgage Loans; (c) to make payments on the Certificates; (d) to engage in those activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and (e) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders. The Trust is hereby authorized to engage in the foregoing activities. The Trustee and the Servicer shall not cause the Trust to engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement while any Certificate is outstanding, and this Section 2.10 may not be amended, without the consent of the Certificateholders evidencing 66 2/3% or more of the aggregate Voting Rights of the Certificates.
Purposes and Powers of the Trust. The purpose of the Trust, as created hereunder, is to protect and conserve the assets of the Trust, and the Trust shall not at any time engage in or carry on any kind of business or any kind of commercial or investment activity. Subject to the foregoing, the Trust shall:
Purposes and Powers of the Trust. Section 2.08 Delivery of Opinion of Counsel in Connection with Substitutions and Purchases.
Purposes and Powers of the Trust. The purpose of the New York common law trust, created hereunder (the “Trust”), is to engage in the following activities:
Purposes and Powers of the Trust. The purpose of the trust, as created hereunder, is to engage in the following activities: (a) to sell the Certificates to the Company in exchange for the Mortgage Loans; (b) to enter into and perform its obligations under this Agreement; (c) to engage in those activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and (d) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders. The trust is hereby authorized to engage in the foregoing activities. Notwithstanding the provisions of Section 11.01, the trust shall not engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement while any Certificate is outstanding, and this Section 2.08 may not be amended, without the consent of the Certificateholders evidencing a majority of the aggregate Voting Rights of the Certificates. <!-- MARKER PAGE="sheet: 246; page: 246" --> <HR SIZE=5 COLOR=XXXX NOSHADE> ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 3.01.
Purposes and Powers of the Trust. (See Section 2.08 of the Standard Terms)......................................................23 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS.................................24
Purposes and Powers of the Trust. Fund The purpose of the trust, as created hereunder, is to engage in the following activities:
