requirements of applicable law) and the filing of a financing statement covering such Ginnie Mae Tail HMBS, as applicable, in the appropriate jurisdictions and naming the Seller as debtor and Agent as secured party, Seller has conveyed and transferred to Agent all of its right, title and interest to such Ginnie Mae Tail HMBS, including taking all steps as may be necessary in connection with the endorsement, transfer of power, delivery and pledge of such Ginnie Mae Tail HMBS as “securities” (as defined in Section 8-102 of the Uniform Commercial Code) to Agent. The Lien granted hereunder is a first priority Lien on such Ginnie Mae Tail HMBS.
(g) Margin Regulations. The use of all funds acquired by Seller under this Agreement will not conflict with or contravene any of Regulations D, T, U or X promulgated by the Board of Governors of the Federal Reserve System as the same may from time to time be amended, supplemented or otherwise modified.
(h) Eligible Ginnie Mae Tail HMBS. Such Ginnie Mae Tail HMBS is an Eligible Ginnie Mae Tail HMBS.