Common use of AUDIT OF MORTGAGE LOANS CONSTITUTING THE TRUST PROPERTY Clause in Contracts

AUDIT OF MORTGAGE LOANS CONSTITUTING THE TRUST PROPERTY. If the long term, unsecured, unguaranteed and unsubordinated debt obligations of the Seller fall below A3 by Moody's then, if required by Moody's, the Beneficiaries shall appoint a firm of independent auditors (approved by the Rating Agencies) to determine whether the Mortgage Loans and their Related Security (or any part of them) constituting the Trust Property complied with the representations and warranties set out in Schedule 1 (Representations and Warranties) of the Mortgage Sale Agreement as at the date such Mortgage Loans were assigned to the Mortgages Trustee. The costs of such independent auditors shall be borne by the Beneficiaries pro rata according to their respective current percentage shares in the Trust Property.

AUDIT OF MORTGAGE LOANS CONSTITUTING THE TRUST PROPERTY. If the long term, unsecured, unguaranteed and unsubordinated debt obligations of the Seller fall below A3 by Moody's then, if required by Moody's, the Beneficiaries shall xxxxx appoint a firm of independent auditors independexx xxxxtors (approved by the Rating Agencies) to determine whether the Mortgage Loans and their Related Security (or any part of them) constituting the Trust Property complied with the representations and warranties set out in Schedule 1 (Representations and Warranties) of the Mortgage Sale Agreement as at the date such Mortgage Loans were sold and assigned to the Mortgages Trustee. The costs of such independent auditors shall be borne by the Beneficiaries pro rata according to their respective current percentage shares in the Trust Property.

AUDIT OF MORTGAGE LOANS CONSTITUTING THE TRUST PROPERTY. If the long term, unsecured, unguaranteed and unsubordinated debt obligations of the Seller fall below A3 by Moody's Xxxxx'x then, if required by Moody'sXxxxx'x, the Beneficiaries shall appoint a firm of independent auditors (approved by the Rating Agencies) to determine whether the Mortgage Loans and their Related Security (or any part of them) constituting the Trust Property complied with the representations and warranties set out in Schedule 1 (Representations and Warranties) of the Mortgage Sale Agreement as at the date such Mortgage Loans were assigned to the Mortgages Trustee. The costs of such independent auditors shall be borne by the Beneficiaries pro rata according to their respective current percentage shares in the Trust Property.

AUDIT OF MORTGAGE LOANS CONSTITUTING THE TRUST PROPERTY. If the long term, unsecured, unguaranteed and unsubordinated debt obligations of the Seller fall below A3 by Moody's then, if required by Moody's, the Beneficiaries shall appoint a firm of independent auditors (approved by the Rating Agencies) to determine whether the Mortgage Loans and their Related Security (or any part of them) constituting in the Trust Property Mortgage Portfolio complied with the representations and warranties set out in Schedule 1 (Representations and Warranties) of the Mortgage Sale Agreement as at the date such Mortgage Loans were sold and assigned to the Mortgages Trustee. The costs of such independent auditors shall be borne by the Beneficiaries pro rata according to their respective current percentage shares in the Trust Property.

AUDIT OF MORTGAGE LOANS CONSTITUTING THE TRUST PROPERTY. If the long term, unsecured, unguaranteed and unsubordinated debt obligations of the Seller fall below A3 by Moody's then, if required by Moody's, the Beneficiaries shall appoint axxxxxx a firm of independent auditors audixxxx (approved by the Rating Agencies) to determine whether the Mortgage Loans and their Related Security (or any part of them) constituting the Trust Property complied with the representations and warranties set out in Schedule 1 (Representations and Warranties) of the Mortgage Sale Agreement as at the date such Mortgage Loans were assigned to the Mortgages Trustee. The costs of such independent auditors shall be borne by the Beneficiaries pro rata according to their respective current percentage shares in the Trust Property.

AUDIT OF MORTGAGE LOANS CONSTITUTING THE TRUST PROPERTY. If the long term, unsecured, unguaranteed and unsubordinated debt obligations of the Seller fall below A3 by Moody's then, if required by bx Moody's, the Beneficiaries shall appoint xxxxx xppoint a firm of independent auditors (approved by the Rating Agencies) to determine whether the Mortgage Loans and their Related Security (or any part of them) constituting the Trust Property complied with the representations and warranties set out in Schedule 1 (Representations and Warranties) of the Mortgage Sale Agreement as at the date such Mortgage Loans were assigned to the Mortgages Trustee. The costs of such independent auditors shall be borne by the Beneficiaries pro rata according to their respective current percentage shares in the Trust Property.