Common use of Security for Bonds Clause in Contracts

Security for Bonds. Bonds of a new Series may from, time to time, be executed by the Depositor and delivered to the Trustee for authentication, and thereupon the same shall be authenticated and delivered to the Depositor by the Trustee upon Depositor Order and upon delivery by the Depositor to the Trustee, and receipt by the Trustee, of the following: (1) [Reserved].

Appears in 2 contracts

Sources: Indenture (Union Planters Mortgage Finance Corp), Indenture (Union Planters Home Equity Corp)