Initial Ownership. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 and until the conveyance of the Mortgage Loans pursuant to Section 3.01 and the issuance of the Certificates, and thereafter except as otherwise permitted hereunder, the Depositor shall be the sole Certificateholder.
Appears in 65 contracts
Sources: Trust Agreement (American Home Mortgage Investment Trust 2005-4), Trust Agreement (American Home Mortgage Investment Trust 2005-4), Trust Agreement (IMPAC CMB Trust Series 2005-5)
Initial Ownership. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 and until the conveyance of the Mortgage Loans pursuant to Section 3.01 and the issuance of the Certificates, and thereafter except as otherwise permitted hereunderCertificate, the Depositor shall be the sole Certificateholder.
Appears in 8 contracts
Sources: Owner Trust Agreement (Nomura Home Equity Loan, Inc.), Owner Trust Agreement (Cendant Mortgage Capital LLC), Owner Trust Agreement (Deutsche Alt-a Securities Inc)
Initial Ownership. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 and until the conveyance of the Mortgage Home Loans pursuant to Section 3.01 and the issuance of the Certificates, and thereafter except as otherwise permitted hereunder, the Depositor shall be the sole Certificateholder.
Appears in 1 contract
Sources: Trust Agreement (Southern Pacific Secured Assets Corp)
Initial Ownership. Upon the formation of the Trust by the contribution by the Depositor pursuant to Section 2.05 and until the conveyance of the Mortgage Loans pursuant to Section 3.01 and the issuance of the Certificates, and thereafter except as otherwise permitted hereunder, the Depositor shall be the sole Certificateholderbeneficial owner.
Appears in 1 contract
Sources: Owner Trust Agreement (GE-WMC Mortgage Securities, L.L.C.)