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.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Sequoia Residential Funding Inc), Pooling and Servicing Agreement (Sequoia Residential Funding Inc)