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Common use of Custodian May Own Certificates Clause in Contracts

Custodian May Own Certificates. The Custodian in its individual or any other capacity may become the owner or pledgee of interests in the Mortgage Loans with the same rights it would have if it were not Custodian.

Appears in 39 contracts

Sources: Pooling and Servicing Agreement (Saco I Trust, 2005-Wm1), Pooling and Servicing Agreement (SACO I Trust 2007-1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-He7)

Related Clauses

  • Securities Administrator May Own Certificates
  • Trust Administrator May Own Certificates
  • Trustee May Own Certificates
  • Trustee and Certificate Administrator May Own Certificates
  • Trustee and Securities Administrator May Own Certificates

Parent Clauses

  • Concerning the Custodian
  • Master Servicing Fee Rate
  • Miscellaneous Provisions
  • TERMS FOR CERTIFICATES
  • Notice to Rating Agencies

Sub-Clauses

  • Notices
  • Amendments
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