Common use of Purpose and Powers of the Trust Clause in Contracts

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. (a) The purpose of the common law trust, as created hereunder, is to engage in the following activities: (ba) acquire and hold the Mortgage Loans and the other assets of the Trust Fund and the proceeds therefrom; (cb) to issue the Certificates sold to the Depositor in exchange for the Mortgage Loans; (dc) to make payments on the Certificates and payments to the Group I Senior Certificate InsurerInsurer in respect of the Insurer Premium and Reimbursement Amounts; (ed) to engage in those activities that are necessary, suitable or convenient to accomplish the foregoing or are incidental thereto or connected therewith; and (fe) 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 InsurerCertificateholders. 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 (or those ancillary thereto) while any Certificate is outstanding or any amounts are owed to the Group I Senior Certificate Insureroutstanding, and this Section 2.8 2.10 may not be amended amended, without the consent of the Certificateholders evidencing 51% or more of the aggregate Voting Rights voting rights of the Certificates and the Group I Senior Certificate Insurer (with respect to Group I)Certificates.