Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator that Certificateholders shall not be personally liable for obligations of the Trust Estate, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication and delivery thereof by the Securities Administrator pursuant to Section 6.01 are and shall be deemed fully paid.
Appears in 42 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (Banc of America Funding Corp), Pooling and Servicing Agreement (Banc of America Funding Corp)
Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator that Certificateholders shall not be personally liable for obligations of the Trust Estate, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication countersignature and delivery thereof by the Securities Administrator pursuant to Section 6.01 are and shall be deemed fully paid.
Appears in 10 contracts
Samples: Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-D Trust), Pooling and Servicing Agreement (Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-B), Pooling and Servicing Agreement (Banc of American Funding Corp Mort Pass Thru Cert Ser 2003-2)
Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator this Agreement that Certificateholders shall not be personally liable for obligations of the Trust EstateTrust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that the Certificates upon execution, authentication and delivery thereof by the Securities Administrator Trustee pursuant to Section 6.01 2.02 are and shall be deemed fully paid.
Appears in 4 contracts
Samples: Trust Agreement (Banc of America Funding 2008-R3 Trust), Trust Agreement (Banc of America Funding Corp), Trust Agreement (Banc of America Funding 2008-R3 Trust)
Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator this Agreement that Certificateholders shall not be personally liable for obligations of the Trust EstateTrust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication and delivery thereof by the Securities Administrator Trustee pursuant to Section 6.01 2.02 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Trust Agreement (Lehman Structured Securities Corp), Trust Agreement (Lehman Structured Securities Corp)
Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator intended that Certificateholders shall not be personally liable for obligations of the Trust EstateTrust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication countersignature and delivery thereof by the Securities Certificate Administrator pursuant to Section 6.01 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2007-A), Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2007-A)
Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator intended that Certificateholders shall not be personally liable for obligations of the Trust EstateTrust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication countersignature and delivery thereof by the Securities Administrator Trustee pursuant to Section 6.01 are and shall be deemed fully paid.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2005-B), Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, LLC)
Certificates Nonassessable and Fully Paid. It is the ----------------------------------------- intention of Seller and the Securities Administrator Certificateholders that the Certificateholders shall not be personally liable for obligations of the Trust EstateTrust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication and delivery thereof by the Securities Administrator Trustee pursuant to Section 6.01 6.02 are and shall be ------------ deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Rockford Industries Inc)
Certificates Nonassessable and Fully Paid. It is the intention of Seller and the Securities Administrator Certificateholders that the Certificateholders shall not be personally liable for obligations of the Trust EstateTrust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication and delivery thereof by the Securities Administrator Trustee pursuant to Section 6.01 6.02 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Rockford Industries Inc)
Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator intended that Certificateholders shall not be personally liable for obligations of the Trust EstateTrust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication countersignature and delivery thereof by the Securities Administrator Trustee pursuant to Section 6.01 are and shall be deemed fully paid.. 120
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wachovia Mortgage Loan Trust, Series 2006-A)
Certificates Nonassessable and Fully Paid. It is the ----------------------------------------- intention of the Securities Administrator this Agreement that Certificateholders shall not be personally liable for obligations of the Trust EstateProperty, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate Property or for any reason whatsoever, and that Certificates Certificates, upon execution, authentication and delivery thereof by the Securities Administrator Trustee pursuant to Section 6.01 2.04, are and shall be deemed fully paid.
Appears in 1 contract
Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator Trustee that Certificateholders shall not be personally liable for obligations of the Trust EstateTrust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication countersignature and delivery thereof by the Securities Administrator Trustee pursuant to Section 6.01 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Greenpoint Mort Sec Inc Mort Back Ps THR Certs Ser 2003-1)
Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator this Agreement that Certificateholders shall not be personally liable for obligations of the Trust EstateIssuing Trust, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Issuing Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication and delivery thereof by the Securities Certificate Administrator pursuant to Section 6.01 2.02 are and shall be deemed fully paid.
Appears in 1 contract
Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator that Certificateholders Certificaxxxxxxxrs shall not be personally liable for obligations of the Trust Estate, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication and delivery thereof by the Securities Administrator pursuant to Section 6.01 are and shall be deemed fully paid.
Appears in 1 contract
Samples: Custodial Agreement (SunTrust Alternative Loan Trust, Series 2005-1f)
Certificates Nonassessable and Fully Paid. It is the intention of the Securities Administrator Trustee that Certificateholders shall not be personally liable for obligations of the Trust Estate, that the beneficial ownership interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust Estate or for any reason whatsoever, and that Certificates upon execution, authentication countersignature and delivery thereof by the Securities Administrator Trustee pursuant to Section 6.01 are and shall be deemed fully paid.. Section 11.08.....
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bank of America Mortgage Securities Inc)
