Common use of Nature of Transfer Clause in Contracts

Nature of Transfer. To the extent that the transfer of the Trust Estate from the Transferor to the Trustee is deemed to be a secured financing, the Transferor shall be deemed hereunder to have granted to the Trustee, and the Transferor does hereby grant to the Trustee, a security interest in all of the Transferor's right, title and interest in, to and under the Trust Estate, whether now owned or hereafter acquired. For purposes of such grant, this Agreement shall constitute a security agreement under applicable law.

Nature of Transfer. To the extent that the transfer of the Trust Estate Property from the Transferor to the Trustee is deemed to be a secured financing, the Transferor shall be deemed hereunder to have granted to the Trustee, and the Transferor does hereby grant to the Trustee, a security interest in all of the Transferor's right, title and interest in, to and under the Trust EstateProperty, whether now owned or hereafter acquired. For purposes of such grant, this Agreement shall constitute a security agreement under applicable law.

Nature of Transfer. To the extent that the transfer of the Trust Estate from the Transferor Depositor to the Trustee is deemed to be a secured financing, the Transferor Depositor shall be deemed hereunder to have granted to the Trustee, and the Transferor Depositor does hereby grant to the Trustee, a security interest in all of the TransferorDepositor's right, title and interest in, to and under the Trust Estate, whether now owned or hereafter acquired. For purposes of such grant, this Agreement shall constitute a security agreement under applicable law.. FUNDINGS --------

Nature of Transfer. To the extent that the transfer of the Trust Estate from the Transferor Depositor to the Trustee is deemed to be a secured financing, the Transferor Depositor shall be deemed hereunder to have granted to the Trustee, and the Transferor Depositor does hereby grant to the Trustee, a security interest in all of the TransferorDepositor's right, title and interest in, to and under the Trust Estate, whether now owned or hereafter acquired. For purposes of such grant, this Agreement shall constitute a security agreement under applicable law.