Equitable Interest. If the Issuer fails to transfer the entire legal ownership in and to each Underlying REMIC Certificate 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 Underlying REMIC Certificate 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 Underlying REMIC Certificate 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 Underlying REMIC Certificate Security to the Trustee for the related Trust.
Appears in 1 contract
Sources: Trust Agreement