Declaration of Trust Original Issuance of Certificates Sample Clauses
The 'Declaration of Trust; Original Issuance of Certificates' clause establishes the creation of a trust and outlines the initial issuance of certificates representing beneficial interests in that trust. It typically details the process by which the trust is formed, identifies the parties involved (such as the trustee and beneficiaries), and specifies how and when the original certificates are distributed to investors or participants. This clause ensures that the legal structure of the trust is clearly defined from the outset and that the rights of certificate holders are properly documented, thereby providing a transparent framework for ownership and administration of the trust assets.
Declaration of Trust Original Issuance of Certificates. 71
2.1 Creation and Declaration of Trust; Conveyance of the Trust Loan 71 2.2 Acceptance by the Trustee and the Certificate Administrator 76 2.3 Representations and Warranties of the Trustee 79 2.4 Representations and Warranties of the Certificate Administrator 80 2.5 Representations and Warranties of the Servicer 82 2.6 Representations and Warranties of the Special Servicer 83 2.7 Representations and Warranties of the Depositor 84 2.8 [Reserved] 86 2.9 Representations and Warranties Contained in the Trust Loan Purchase Agreements 86
2.10 Execution and Delivery of Certificates; Issuance of the Uncertificated VRR Interest; Issuance of Uncertificated Lower-Tier Interests 88 2.11 Miscellaneous REMIC Provisions 89
Declaration of Trust Original Issuance of Certificates. Creation and Declaration of Trust; Conveyance of the Trust Loan 62 Section 2.2 Acceptance by the Trustee and the Custodian 66 Section 2.3 Representations and Warranties of the Trustee 66 Section 2.4 Representations and Warranties of the Servicer 68 Section 2.5 Representations and Warranties of the Special Servicer 69 Section 2.6 Representations and Warranties of the Depositor 70 Section 2.7 Representations and Warranties of the Certificate Administrator 71 Section 2.8 Representations and Warranties of the Operating Advisor 73 Section 2.9 Representations and Warranties Contained in the Loan Purchase Agreement 74 Section 2.10 Execution and Delivery of Certificates; Issuance of Uncertificated Lower-Tier Interests 77 Section 2.11 Miscellaneous REMIC Provisions 77 Section 2.12 Resignation Upon Prohibited Risk Retention Affiliation 77 ARTICLE 3 ADMINISTRATION AND SERVICING OF THE MORTGAGE LOAN
Declaration of Trust Original Issuance of Certificates. Section 2.1. Creation and Declaration of Trust; Conveyance of the Trust Loan 63 Section 2.2. Acceptance by the Trustee and the Custodian 67 Section 2.3. Representations and Warranties of the Trustee 68 Section 2.4. Representations and Warranties of the Servicer 70 Section 2.5. Representations and Warranties of the Special Servicer 71 Section 2.6. Representations and Warranties of the Depositor 72 Section 2.7. Representations and Warranties of the Certificate Administrator 73 Section 2.8. Representations and Warranties of the Operating Advisor 74 Section 2.9. Representations and Warranties Contained in the Loan Purchase Agreement 76 Section 2.10. Execution and Delivery of Certificates; Issuance of Uncertificated Lower-Tier Interests 79 Section 2.11. Miscellaneous REMIC Provisions 79 Section 2.12. Resignation Upon Prohibited Risk Retention Affiliation 79
Section 3.1. Servicer to Act as the Servicer; Special Servicer to Act as the Special Servicer 80 Section 3.2. Sub-Servicing Agreements 82 Section 3.3. Cash Management Account 84 Section 3.4. Collection Account 84 Section 3.5. Distribution Account 89 Section 3.6. Foreclosed Property Account 90 Section 3.7. Appraisal Reductions 90 Section 3.8. Investment of Funds in the Collection Account, Any Foreclosed Property Account, the Cash Management Account and Any Reserve Account 93 Section 3.9. Payment of Taxes, Assessments, etc. 95 Section 3.10. Appointment of Special Servicer 95
Section 3.11. Maintenance of Insurance and Errors and Omissions and Fidelity Coverage 102 Section 3.12. Procedures with Respect to the Mortgage Loan; Realization upon the Property 104 Section 3.13. Trustee, Certificate Administrator and Custodian to Cooperate; Release of Items in the Mortgage File 107 Section 3.14. Title and Management of Foreclosed Property 107 Section 3.15. Sale of Foreclosed Property 110 Section 3.16. Sale of the Mortgage Loan and the Trust Loan 111 Section 3.17. Servicing Compensation 114 Section 3.18. Reports to the Certificate Administrator; Account Statements 119 Section 3.19. Access to Certain Documentation Regarding the Mortgage Loan and Other Information 120 Section 3.20. Inspections 121 Section 3.21. Advances 122 Section 3.22. Modifications of Loan Documents 125 Section 3.23. Servicer and Special Servicer May Own Certificates 128 Section 3.24. Rating Agency Confirmations 128 Section 3.25. Miscellaneous Provisions 129 Section 3.26. Companion Loan Intercreditor Matters 130 Section 3.27. The Operating Advisor 130 S...
Declaration of Trust Original Issuance of Certificates. Creation and Declaration of Trust; Conveyance of the Trust Loan 57 Section 2.2 Acceptance by the Trustee and the Certificate Administrator 61 Section 2.3 Representations and Warranties of the Trustee 62 Section 2.4 Representations and Warranties of the Servicer 63 Section 2.5 Representations and Warranties of the Special Servicer 64 Section 2.6 Representations and Warranties of the Depositor 65 Section 2.7 Representations and Warranties of the Certificate Administrator 66 Section 2.8 Representations and Warranties Contained in the Loan Purchase Agreement 68
Declaration of Trust Original Issuance of Certificates. 2.1. Creation and Declaration of Trust; Conveyance of the Mortgage Loan 57 2.2. Acceptance by the Trustee and the Certificate Administrator 59 2.3. Representations and Warranties of the Trustee 62 2.4. Representations and Warranties of the Certificate Administrator 63 2.5. Representations and Warranties of the Servicer 64 2.6. Representations and Warranties of the Special Servicer 65 2.7. Representations and Warranties of the Depositor 67 2.8. Representations and Warranties Contained in the Loan Purchase Agreement 68 2.9. Execution and Delivery of Certificates; Issuance of Uncertificated Lower-Tier Interests 70 2.10. Miscellaneous REMIC Provisions 70
Declaration of Trust Original Issuance of Certificates