Common use of TERMINATION OR OPTIONAL PURCHASE OF ALL CERTIFICATES Clause in Contracts

TERMINATION OR OPTIONAL PURCHASE OF ALL CERTIFICATES. Section 9.01 Optional Purchase by the Master Servicer of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans. (a) (See Section 9.01(a) of the Standard Terms). (b) (See Section 9.01(b) of the Standard Terms). (c) (See Section 9.01(c) of the Standard Terms). (d) (See Section 9.01(d) of the Standard Terms). (e) (See Section 9.01(e) of the Standard Terms). (f) Upon termination of the Trust Fund pursuant to this Section 9.01, the Trustee on behalf of the Trust Fund shall, under documents prepared by the Master Servicer or Holders of the Class III-A-7 Certificates, assign without recourse, representation or warranty all the right, title and interest of the Trustee and the Trust Fund in and to the Yield Maintenance Agreement to Deutsche Bank Securities Inc. Section 9.02 Additional Termination Requirements. (See Section 9.02 of the Standard Terms).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (RALI Series 2007-Qs4 Trust)

TERMINATION OR OPTIONAL PURCHASE OF ALL CERTIFICATES. Section 9.01 Optional Purchase by the Master Servicer of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans. (a) (See Section 9.01(a) of the Standard Terms). (b) (See Section 9.01(b) of the Standard Terms). (c) (See Section 9.01(c) of the Standard Terms). (d) (See Section 9.01(d) of the Standard Terms). (e) (See Section 9.01(e) of the Standard Terms). (f) Upon termination of the Trust Fund pursuant to this Section 9.01, the Trustee on behalf of the Trust Fund shall, under documents prepared by the Master Servicer or Holders of the Class IIII-A-7 A-1 Certificates and Class I-A-8 Certificates, assign without recourse, representation or warranty all the right, title and interest of the Trustee and the Trust Fund in and to the each Yield Maintenance Agreement to Deutsche Bank Securities Inc. Section 9.02 Additional Termination Requirements. (See Section 9.02 of the Standard Terms).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (RALI Series 2006-Qs3 Trust)