Common use of Sale of Trust Clause in Contracts

Sale of Trust. (a) The power to effect any sale or other disposition (a “Sale”) of any portion of the Trust pursuant to Section 5.04 hereof is expressly subject to the provisions of Section 5.05 hereof and this Section 5.15. The power to effect any such Sale shall not be exhausted by any one or more Sales as to any portion of the Trust remaining unsold, but shall continue unimpaired until the entire Trust shall have been sold or all amounts payable on the Notes and under this Indenture shall have been paid. The Indenture Trustee may from time to time postpone any public Sale by public announcement made at the time and place of such Sale. The Indenture Trustee hereby expressly waives its right to any amount fixed by law as compensation for any Sale.

Appears in 10 contracts

Samples: Custodial Agreement (Renaissance Home Equity Loan Trust 2006-3), Custodial Agreement (Renaissance Home Equity Loan Trust 2006-3), Indenture (Renaissance Home Equity Loan Trust 2007-2)

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Sale of Trust. (a) The power to effect any sale or other disposition (a "Sale") of any portion of the Trust pursuant to Section 5.04 hereof is expressly subject to the provisions of Section 5.05 hereof and this Section 5.15. The power to effect any such Sale shall not be exhausted by any one or more Sales as to any portion of the Trust remaining unsold, but shall continue unimpaired until the entire Trust shall have been sold or all amounts payable on the Notes and under this Indenture shall have been paid. The Indenture Trustee may from time to time postpone any public Sale by public announcement made at the time and place of such Sale. The Indenture Trustee hereby expressly waives its right to any amount fixed by law as compensation for any Sale.

Appears in 2 contracts

Samples: Custodial Agreement (Renaissance Home Equity Loan Trust 2005-1), Renaissance Mortgage Acceptance Corp

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