Trustee and Securities Administrator May Own Certificates Sample Clauses

This clause permits the trustee and securities administrator involved in a financial transaction to purchase, hold, or otherwise own certificates issued under the agreement. In practice, this means that these parties are not restricted from investing in the same securities they help administer, and any certificates they own are treated the same as those held by other investors. The core function of this clause is to clarify that there is no conflict of interest or prohibition against these administrative parties owning certificates, thereby ensuring transparency and preventing disputes over their rights as certificate holders.
Trustee and Securities Administrator May Own Certificates. The Trustee and the Securities Administrator in its individual capacity or in any capacity other than as Trustee hereunder may become the owner or pledgee of any Certificates with the same rights it would have if it were not Trustee or the Securities Administrator, as applicable, and may otherwise deal with the parties hereto.
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Trustee and Securities Administrator May Own Certificates. Eligibility Requirements for Trustee and the Securities Administrator............................................... Section 9.06 Resignation and Removal of Trustee and the Securities Administrator............................................... Section 9.07 Successor Trustee or Securities Administrator................ Section 9.08 Merger or Consolidation of Trustee or Securities Administrator............................................... Section 9.09 Appointment of Co-Trustee or Separate Trustee................ Section 9.10
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Trustee and Securities Administrator May Own Certificates. Fees and Expenses of Trustee and Securities Administrator.
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Trustee and Securities Administrator May Own Certificates. Each of the Trustee and the Securities Administrator (and any Affiliate or agent of either of them) in its individual or any other capacity may become the owner or pledgee of Certificates and may transact banking and trust business with the other parties hereto and their Affiliates with the same rights it would have if it were not Trustee, Securities Administrator or such Affiliate or agent, as applicable; provided, however, that neither the Trustee nor the Securities Administrator may have any financial interest in any Certificates as of the Closing Date unless the Depositor has been notified of any such financial interest and such financial interest, including any related hedging transactions, have been disclosed in the Prospectus.
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Trustee and Securities Administrator May Own Certificates. Each of the Trustee and the Securities Administrator in its individual capacity or any other capacity may become the owner or pledgee of Certificates and may transact business with other interested parties and their Affiliates with the same rights it would have if it were not Trustee or the Securities Administrator. 141
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Trustee and Securities Administrator May Own Certificates. Trustee's Fees and Expenses.................................. Section 8.07 Eligibility Requirements for the Trustee..................... Section 8.08 Resignation and Removal of the Trustee....................... Section 8.09
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Trustee and Securities Administrator May Own Certificates. Fees and Expenses of Trustee and Securities Administrator....
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Related to Trustee and Securities Administrator May Own Certificates

  • Securities Administrator May Own Certificates The Securities Administrator in its individual or any other capacity may become the owner or pledgee of Certificates and may transact business with the parties hereto and their Affiliates with the same rights as it would have if it were not the Securities Administrator.

  • Trustee and Certificate Administrator May Own Certificates The Trustee, the Certificate Administrator and any agent of the Trustee or the Certificate Administrator, each, in its individual capacity or any other capacity, may become the owner or pledgee of Certificates, and may deal with the Depositor and the Master Servicer in banking transactions, with the same rights it would have if it were not Trustee, the Certificate Administrator or such agent, as the case may be.

  • Trustee and Securities Administrator Not Liable for Certificates The Trustee and the Securities Administrator make no representations as to the validity or sufficiency of this Agreement or of the Certificates (other than, in the case of the Securities Administrator, the certificate of authentication on the Certificates) or of any Mortgage Loan, or related document save that the Trustee and the Securities Administrator represent that, assuming due execution and delivery by the other parties hereto, this Agreement has been duly authorized, executed and delivered by it and constitutes its valid and binding obligation, enforceable against it in accordance with its terms except that such enforceability may be subject to (A) applicable bankruptcy and insolvency laws and other similar laws affecting the enforcement of the rights of creditors generally, and (B) general principles of equity regardless of whether such enforcement is considered in a proceeding in equity or at law. The Trustee and the Securities Administrator shall not be accountable for the use or application by the Depositor of funds paid to the Depositor in consideration of the assignment of the Mortgage Loans to the Trust Fund by the Depositor or for the use or application of any funds deposited into the Distribution Account or any other fund or account maintained with respect to the Certificates. The Trustee and the Securities Administrator shall not be responsible for the legality or validity of this Agreement or the validity, priority, perfection or sufficiency of the security for the Certificates issued or intended to be issued hereunder. Except as otherwise provided herein, the Trustee and the Securities Administrator shall have no responsibility for filing any financing or continuation statement in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or lien granted to it hereunder or to record this Agreement.

  • Trust Administrator May Own Certificates The Trust Administrator in its individual or any other capacity may become the owner or pledgee of Certificates with the same rights as it would have if it were not the Trust Administrator.

  • Custodian May Own Certificates The Custodian in its individual or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Custodian.