Purpose and Powers of the Trust Clause Samples

Purpose and Powers of the Trust. The purpose of the trust, as created hereunder, is to engage in the following activities: (i) to issue the Certificates to or at the direction of the Depositor in exchange for the Mortgage Loans; (ii) to perform the activities of the trust that are expressly set forth in this Agreement; (iii) to engage in those activities that are reasonably necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and (iv) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders. The trust is hereby authorized to engage in the foregoing activities.

Purpose and Powers of the Trust. (a) The purpose of the common law trust, as created hereunder, is to engage in the following activities: (b) acquire and hold the Loans and the other assets of the Trust Fund and the proceeds therefrom; (c) to issue the Certificates sold to the Depositor in exchange for the Loans; (d) to make payments on the Certificates and payments to the Certificate Insurer in respect of the premium and reimbursement amounts; (e) to engage in those activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and (f) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders. The trust is hereby authorized to engage in the foregoing activities. The Trustee shall not cause the trust to engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement while any Certificate is outstanding, and this Section 2.8 may not be amended without the consent of the Certificateholders evidencing 51% or more of the aggregate Voting Rights of the Certificates.

Purpose and Powers of the Trust. (a) The purpose of the common law trust, as created hereunder, is to engage in the following activities: (b) acquire and hold the Loans and the other assets of the Trust Fund and the proceeds therefrom; (c) to issue the Certificates sold to the Depositor in exchange for the Loans; (d) to make payments on the Certificates and the Group I Senior Certificate Insurer; (e) to engage in those activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and (f) subject to compliance with this Agreement, to engage in such other activities as may be required in connection with conservation of the Trust Fund and the making of distributions to the Certificateholders and the Group I Senior Certificate Insurer. The trust is hereby authorized to engage in the foregoing activities. The Trustee shall not cause the trust to engage in any activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement while any Certificate is outstanding or any amounts are owed to the Group I Senior Certificate Insurer, and this Section 2.8 may not be amended without the consent of the Certificateholders evidencing 51% or more of the aggregate Voting Rights of the Certificates and the Group I Senior Certificate Insurer (with respect to Group I).

Purpose and Powers of the Trust. The Depositor does hereby establish, pursuant to the further provisions of this Agreement and the laws of the State of New York, an express trust (the “Issuing Entity” or "Trust") to be known, for convenience, as “STARM Mortgage Loan Trust 2007-4” and Deutsche Bank is hereby appointed as Trustee in accordance with the provisions of this Agreement. The purpose of the trust, as created hereunder, is to engage in the following activities: (i) to maintain books and records separate from any other person or entity; (ii) to maintain its bank accounts separate from any other person or entity; (iii) not to commingle its assets with those of any other person or entity and to hold all of its assets in its own name; (iv) to conduct its own business in its own name; (v) to maintain separate financial statements, showing its assets and liabilities separate and apart from those of any other person or entity and to cause such financial statements to be prepared in accordance with generally accepted accounting principles; (vi) to pay its own liabilities and expenses only out of its own funds; (vii) to observe all corporate and other organizational formalities; (viii) to maintain an arm’s length relationship with its affiliates and to enter into transactions with affiliates only on a commercially reasonable basis; (ix) not to assume, guarantee or become obligated for the debts of any other entity or person; (x) not to acquire the obligations or securities of any affiliate or owner; (xi) to allocate fairly and reasonably any overhead expenses that are shared with any affiliate, including paying for office space and services performed by any employee of an affiliate; (xii) to use separate stationery, invoices, and checks bearing its own name; (xiii) to hold itself out as a separate entity; (xiv) to correct any known misunderstanding regarding its separate identity; (xv) not to identify itself or hold itself out as a division of any other person or entity; (xvi) not to hold out its credit as being available to satisfy the obligations of others; (xvii) to file separate tax returns from those of each person and entity except as may be required by law; and (xviii) to maintain its assets in a manner that it will not be costly or difficult to segregate ascertain, or identify from those of any other person. The trust is hereby authorized to engage in the foregoing activities. The parties hereto shall not cause the trust to engage in any activity other than in connection with the fo...

Purpose and Powers of the Trust. AND SERVICING OF THE MORTGAGE LOANS; ACCOUNTS

Purpose and Powers of the Trust