Common use of Trustee and Securities Administrator May Own Certificates Clause in Contracts

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

Appears in 1 contract

Sources: Pooling and Servicing Agreement (ACE Securities Corp Series 2005 SD1)

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. 141136

Appears in 1 contract

Sources: Pooling and Servicing Agreement (ACE Securities Corp Series 2004-Sd1)