Common use of Trustee May Enforce Claims Without Possession of Certificates Clause in Contracts

Trustee May Enforce Claims Without Possession of Certificates. All rights of action and claims under the Pooling and Master Servicing Agreement or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto and any such proceeding instituted by the Trustee shall be brought in its own name or in its capacity as Trustee. Any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders in respect of which such judgment has been recovered.

Trustee May Enforce Claims Without Possession of Certificates. All rights of action and claims under the this Pooling and Master Servicing Agreement or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto thereto, and any such proceeding instituted by the Trustee shall be brought in its own name or in its capacity as Trustee. Any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements disbursement and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders Securityholders in respect of which such judgment has been recovered.

Trustee May Enforce Claims Without Possession of Certificates. All rights of action and claims under the any Pooling and Master Servicing Agreement or the Securities Certificates may be prosecuted and enforced by the Trustee without the possession of any of the Securities Certificates or the production thereof in any proceeding relating thereto thereto, and any such proceeding instituted by the Trustee shall be brought in its own name or in its capacity as Trusteetrustee. Any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders in respect of which such judgment has been recoveredobtained, in the manner specified in Article III hereof.