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 54 Section 2.2 Acceptance by the Trustee and the Certificate Administrator 57 Section 2.3 Representations and Warranties of the Trustee 58 Section 2.4 Representations and Warranties of the Servicer 59 Section 2.5 Representations and Warranties of the Special Servicer 60 Section 2.6 Representations and Warranties of the Depositor 62 Section 2.7 Representations and Warranties of the Certificate Administrator 63 Section 2.8 Representations and Warranties Contained in the Loan Purchase Agreement 64 Section 2.9 Execution and Delivery of Certificates; Issuance of Uncertificated Lower-Tier Interests 67 Section 2.10 Miscellaneous REMIC Provisions 67
Section 3.1 Servicer to Act as the Servicer; Special Servicer to Act as the Special Servicer 68 Section 3.2 Sub-Servicing Agreements 69 Section 3.3 Cash Management Account 71 Section 3.4 Collection Account 71 Section 3.5 Distribution Account 76 Section 3.6 Foreclosed Property Account 77 Section 3.7 Appraisal Reductions 77 Section 3.8 Investment of Funds in the Collection Account and Any Foreclosed Property Account 80 Section 3.9 Payment of Taxes, Assessments, etc 82 Section 3.10 Appointment of Special Servicer 82 Section 3.11 Maintenance of Insurance and Errors and Omissions and Fidelity Coverage 87 Section 3.12 Procedures with Respect to the Trust Loan; Realization upon the Property 89
Section 3.13 Certificate Administrator to Cooperate; Release of Items in the Mortgage File 91 Section 3.14 Title and Management of Foreclosed Property 91 Section 3.15 Sale of Foreclosed Property 94 Section 3.16 Sale of the Whole Loan and the Trust Loan 95 Section 3.17 Servicing Compensation 98 Section 3.18 Reports to the Certificate Administrator; Account Statements 100 Section 3.19 Reserved 101 Section 3.20 Reserved 101 Section 3.21 Access to Certain Documentation Regarding the Whole Loan and Other Information 101 Section 3.22 Inspections 102 Section 3.23 Advances 102 Section 3.24 Modifications of Loan Documents 105 Section 3.25 Servicer and Special Servicer May Own Certificates 108 Section 3.26 Rating Agency Confirmations 108 Section 3.27 Miscellaneous Provisions 109 Section 3.28 Companion Loan Intercreditor Matters 110
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