Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset to the Trustee for the related Trust.
Appears in 10 contracts
Sources: SMBS Master Trust Agreement, Single Family Mega/Supers Master Trust Agreement, Single Family Mega/Supers Master Trust Agreement
Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset Mortgage Loan to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset Mortgage Loan to the Trustee for the related Trust.
Appears in 10 contracts
Sources: Second Amended and Restated 2007 Multifamily Master Trust Agreement, Master Trust Agreement, Second Amended and Restated 2016 Single Family Master Trust Agreement
Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset Mortgage Loan to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset Mortgage Loan to the Trustee for the related Trust.Trust.β
Appears in 6 contracts
Sources: Multifamily Master Trust Agreement, Amended and Restated 2021 Multifamily Master Trust Agreement, 2021 Multifamily Master Trust Agreement
Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset Mortgage-Backed Security to the related Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset Mortgage-Backed Security to the Trustee for the related Trust.
Appears in 4 contracts
Sources: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement
Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Trust Asset to the related applicable Trust, the Issuer intends that the Trust Documents nevertheless will operate to transfer the entire equitable ownership interest in and to each Trust Asset to the Trustee for the related applicable Trust.
Appears in 1 contract
Sources: Master Trust Agreement