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

Conditions of Depositor's Obligations. The Depositor’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 Sponsor 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.

Conditions of Depositor's Obligations. The Depositor’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 Sponsor 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.

Conditions of Depositor's Obligations. The Depositor’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 Sponsor 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.