Common use of Servicer May Own Securities Clause in Contracts

Servicer May Own Securities. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Securities with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Except as set forth herein or in the other Basic Documents, Securities so owned by or pledged to Servicer or any such Affiliate shall have an equal and proportionate benefit under the provisions of this Agreement and the other Basic Documents, without preference, priority, or distinction as among all of the Securities of the same class.

Servicer May Own Securities. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Securities with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise expressly provided herein or in any the other Basic DocumentDocuments. Except as set forth herein or in the other Basic Documents, Securities so owned by or pledged to the Servicer or any such Affiliate shall will have an equal and proportionate benefit under the provisions of this Agreement and the other Basic DocumentsAgreement, without preference, priority, priority or distinction as among all of the Securities of the same classSecurities.

Servicer May Own Securities. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Securities Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise expressly provided herein or in any Basic Documentthe other Transaction Documents. Except as set forth herein or in the other Basic Transaction Documents, Securities so owned by or pledged to Servicer the Notes or any such Affiliate shall will have an equal and proportionate benefit under the provisions of this Agreement and the other Basic DocumentsAgreement, without preference, priority, priority or distinction as among all of the Securities of the same classNotes.

Servicer May Own Securities. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Securities with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Except as set forth herein or in the other Basic Documents, Securities so owned by or pledged to Servicer or any such Affiliate shall have an equal and proportionate benefit under the provisions of this 49 Agreement and the other Basic Documents, without preference, priority, or distinction as among all of the Securities of the same class.

Servicer May Own Securities. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Securities with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as expressly provided herein or in any Basic Document. Except as set forth herein or in the other Basic Documents, Securities so owned by or pledged to Servicer or any such Affiliate shall have an equal and proportionate benefit under the provisions of this 50 Agreement and the other Basic Documents, without preference, priority, or distinction as among all of the Securities of the same class.

Servicer May Own Securities. The Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Securities Notes with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise expressly provided herein or in any the other Basic DocumentDocuments. Except as set forth herein or in the other Basic Documents, Securities Notes of a particular Class so owned by or pledged to the Servicer or any such Affiliate shall will have an equal and proportionate benefit under the provisions of this Agreement and the other Basic DocumentsAgreement, without preference, priority, priority or distinction as among all of the Securities Notes of the same classsuch Class.