Trustee and Trust Administrator May Own Certificates Sample Clauses

This clause permits the trustee and the trust administrator to purchase, hold, or otherwise own certificates issued by the trust. In practice, this means that these parties are not restricted from investing in the same securities they help manage or oversee, and their ownership is treated on the same terms as any other investor. The core function of this clause is to clarify that such ownership does not constitute a conflict of interest or a breach of fiduciary duty, thereby ensuring transparency and avoiding potential disputes regarding the roles and rights of the trustee and trust administrator.
Trustee and Trust Administrator May Own Certificates. Each of the Trustee and the Trust Administrator in its individual capacity or any other capacity may become the owner or pledgee of Certificates with the same rights it would have if it were not Trustee or Trust Administrator, as applicable.
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Trustee and Trust Administrator May Own Certificates. Each of the Trustee, the Trust Administrator and any agent thereof, 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 Trustee, Trust Administrator or such agent and may transact banking and/or trust business with the Seller, the Master Servicer or their Affiliates.
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Trustee and Trust Administrator May Own Certificates. Section 8.06. The Master Servicer to Pay Fees and Expenses.............. Section 8.07.
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Trustee and Trust Administrator May Own Certificates. Each of the Trustee and 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 Trustee or the Trust Administrator, as applicable. Fremont 2006-E Pooling & Servicing Agreement
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Related to Trustee and Trust Administrator May Own Certificates

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.