Common use of Yield Maintenance Agreement Clause in Contracts

Yield Maintenance Agreement. The Trust shall have the power and authority, and the Trustee (not in its individual capacity, but solely as Trustee hereunder) is hereby authorized and directed, on behalf of the Trust, to (i) enter into and perform the obligations of the Trust under the Yield Maintenance Agreement and (ii) exercise and enforce the rights of the Trust as specified therein.

Appears in 12 contracts

Sources: Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-11), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-11), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oa4)

Yield Maintenance Agreement. The Trust shall have the power and authority, and the Trustee (not in its individual capacity, but solely as Trustee hereunder) is hereby authorized and directed, on behalf of the Trust, to (i) enter into and perform the obligations of the Trust under the Yield Maintenance Agreement and (ii) exercise and enforce the rights of the Trust as specified therein.

Appears in 6 contracts

Sources: Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-Ar1), Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2005-Ar15), Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2005-Ar17)

Yield Maintenance Agreement. The Trust shall have the power and authority, and the Trustee (not in its individual capacity, but solely as Trustee hereunder) is hereby authorized and directed, on behalf of the Trust, to (i) enter into and perform the obligations of the Trust under the each Yield Maintenance Agreement and (ii) exercise and enforce the rights of the Trust as specified therein.

Appears in 3 contracts

Sources: Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-7), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-6), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-7)

Yield Maintenance Agreement. The Trust shall have the power and authority, and the Trustee (not in its individual capacity, but solely as Trustee hereunder) is hereby authorized and directed, on behalf of the Trust, to (i) enter into and perform the obligations of the Trust under the Yield Maintenance Agreement and (ii) exercise and enforce the rights of the Trust as specified therein.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2005-Ar11), Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-Ar1)

Yield Maintenance Agreement. The Trust shall have the power and authority, and the Trustee (not in its individual capacity, but solely as Trustee hereunder) is hereby authorized and directed, on behalf of the Trust, to (i) enter into and perform the obligations of the Trust under the Yield Maintenance Agreement and (ii) exercise and enforce the rights of the Trust as specified therein.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates Series 2004-Ar6)