Common use of Additional Representations and Warranties of the Trustee Clause in Contracts

Additional Representations and Warranties of the Trustee. (a)....The Trustee shall be deemed to represent to the Company as of the date hereof and on each date on which information is provided to the Company under Sections 12.01, 12.02(b) or 12.03 that, except as disclosed in writing to the Company prior to such date: (i) there are no material legal or governmental proceedings pending (or known to be contemplated) against it that would be material to Certificateholders; and (ii) the Trustee is not an affiliate (as contemplated by Item 1119(a) of Regulation AB) of the Company or any sponsor, issuing entity, servicer, trustee, originator, significant obligor, enhancement or support provider or other material transaction party (as each of such terms are used in Regulation AB), as identified by the Company to the Trustee in writing as of the Closing Date (each, a "Transaction Party"). The Company shall notify the Trustee of any change in the identity of a Transaction Party after the Closing Date.

Appears in 4 contracts

Samples: Servicing Agreement (RALI Series 2006-Qo1 Trust), RALI Series 2006-Qs1 Trust, RALI Series 2006-QA1Trust

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