Common use of Conditions of Company's Obligations Clause in Contracts

Conditions of Company's Obligations. The Company’s obligations to purchase the Initial Mortgage Loans which each accepts for purchase hereunder shall be subject to each of the following conditions: (i) the Mortgage File for each Initial Mortgage Loan shall have been delivered in accordance with this Purchase Agreement; (ii) the representations and warranties set forth in Section 3.01(b) hereof with respect to each Initial Mortgage Loan shall be true as of the Closing Date; (iii) the Underwriters or their affiliates shall have had an opportunity to perform a due diligence review of each Mortgage Loan; and (iv) the Seller shall have provided to the Underwriters or their affiliates such other documents which are then required to have been delivered under this Purchase Agreement or which are reasonably requested by the Underwriters or their affiliates, which other documents may include UCC financing statements, a favorable opinion or opinions of counsel with respect to matters which are reasonably requested by the Underwriters, and/or an Officers’ Certificate.

Appears in 7 contracts

Samples: Mortgage Loan Purchase Agreement (NovaStar Mortgage Funding Trust, Series 2005-1), Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp), Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Trust Series 2004-2)

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Conditions of Company's Obligations. The Company’s 's obligations ----------------------------------- to purchase the Initial Mortgage Loans which each it accepts for purchase hereunder shall be subject to each of the following conditions: (ia) the Mortgage File for each Initial Mortgage Loan shall have been delivered in accordance with this Purchase Agreement; (iib) the representations and warranties set forth in Section 3.01(b) hereof with respect to each Initial Mortgage Loan shall be true as of the Closing Date; (iiic) the Underwriters Underwriter or their its affiliates shall have had an opportunity to perform a due diligence review of each Mortgage Loan; and (ivd) the Seller shall have provided to the Underwriters Underwriter or their its affiliates such other documents which are then required to have been delivered under this Purchase Agreement or which are reasonably requested by the Underwriters Underwriter or their its affiliates, which other documents may include UCC financing statements, a favorable opinion or opinions of counsel with respect to matters which are reasonably requested by the UnderwritersUnderwriter, and/or an Officers' Certificate.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Trust Series 2001-1)

Conditions of Company's Obligations. The Company’s 's obligations to purchase the Initial Mortgage Loans which each accepts for purchase hereunder shall be subject to each of the following conditions: (i) the Mortgage File for each Initial Mortgage Loan shall have been delivered in accordance with this Purchase Agreement; (ii) the representations and warranties set forth in Section 3.01(b) hereof with respect to each Initial Mortgage Loan shall be true as of the Closing Date; (iii) the Underwriters Underwriter or their its affiliates shall have had an opportunity to perform a due diligence review of each Mortgage Loan; and (iv) the Seller shall have provided to the Underwriters Underwriter or their its affiliates such other documents which are then required to have been delivered under this Purchase Agreement or which are reasonably requested by the Underwriters Underwriter or their its affiliates, which other documents may include UCC financing statements, a favorable opinion or opinions of counsel with respect to matters which are reasonably requested by the UnderwritersUnderwriter, and/or an Officers' Certificate.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp)

Conditions of Company's Obligations. The Company’s 's obligations to purchase the Initial Mortgage Loans which each accepts for purchase hereunder shall be subject to each of the following conditions: (i) the Mortgage File for each Initial Mortgage Loan shall have been delivered in accordance with this Purchase Agreement; (ii) the representations and warranties set forth in Section 3.01(b) hereof with respect to each Initial Mortgage Loan shall be true as of the Closing Date; (iii) the Underwriters or their affiliates shall have had an opportunity to perform a due diligence review of each Mortgage Loan; and (iv) the Seller shall have provided to the Underwriters or their affiliates such other documents which are then required to have been delivered under this Purchase Agreement or which are reasonably requested by the Underwriters or their affiliates, which other documents may include UCC financing statements, a favorable opinion or opinions of counsel with respect to matters which are reasonably requested by the Underwriters, and/or an Officers' Certificate.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp Home Equity Loan Ser 2003-4)

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Conditions of Company's Obligations. The Company’s 's obligations to purchase the Initial Mortgage Loans which each accepts for purchase hereunder shall be subject to each of the following conditions: (i) the Mortgage File for each Initial Mortgage Loan shall have been delivered in accordance with this Purchase Agreement and the Trust Agreement; (ii) the representations and warranties set forth in Section 3.01(b) hereof with respect to each Initial Mortgage Loan shall be true as of the Closing Date; (iii) the Underwriters The Underwriter or their its affiliates shall have had an opportunity to perform a due diligence review of each Mortgage Loan; and (iv) the The Seller shall have provided to the Underwriters Underwriter or their its affiliates such other documents which are then required to have been delivered under this Purchase Agreement or which are reasonably requested by the Underwriters Underwriter or their its affiliates, which other documents may include UCC financing statements, a favorable opinion or opinions of counsel with respect to matters which are reasonably requested by the UnderwritersUnderwriter, and/or an Officers' Certificate.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Corp)

Conditions of Company's Obligations. The Company’s obligations to purchase the Initial Closing Date Mortgage Loans which each accepts for purchase hereunder shall be subject to each of the following conditions: (i) the Mortgage File for each Initial Closing Date Mortgage Loan shall have been delivered in accordance with this Purchase Agreement; (ii) the representations and warranties set forth in Section 3.01(b) hereof with respect to each Initial Closing Date Mortgage Loan shall be true as of the Closing Date; (iii) the Underwriters or their affiliates shall have had an opportunity to perform a due diligence review of each Mortgage Loan; and (iv) the Seller shall have provided to the Underwriters or their affiliates such other documents which are then required to have been delivered under this Purchase Agreement or which are reasonably requested by the Underwriters or their affiliates, which other documents may include UCC financing statements, a favorable opinion or opinions of counsel with respect to matters which are reasonably requested by the Underwriters, and/or an Officers’ Certificate.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Novastar Mortgage Funding Trust Series 2004-1)

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