Common use of Covenants of the Seller to Take Certain Actions with Respect to the Mortgage Loans In Certain Situations Clause in Contracts

Covenants of the Seller to Take Certain Actions with Respect to the Mortgage Loans In Certain Situations. (a) With the provisos and limitations as to remedies set forth in this Section 2.4, upon the discovery by any Originator, the Seller, the Issuer, the Servicer, the Note Insurer, any Sub-Servicer, the Owner Trustee, the Custodian or the Indenture Trustee that the representations and warranties set forth in Section 2.3 of this Agreement were untrue in any material respect as of the Closing Date (or in the case of the Subsequent Mortgage Loans, the Subsequent Transfer Date), and that such breach of the representations and warranties materially and adversely affects the interests of the Owners or of the Note Insurer, the party discovering such breach shall give prompt written notice to the other parties hereto and to the Note Insurer.

Covenants of the Seller to Take Certain Actions with Respect to the Mortgage Loans In Certain Situations. (a) With the provisos and limitations as to remedies set forth in this Section 2.43.4, upon the discovery by any Originator, the Seller, the Issuer, the Servicer, the Note Oversight Agent, the Certificate Insurer, any Sub-Servicer, the Owner Trustee, the Custodian Servicer or the Indenture Trustee that the representations and warranties set forth in Section 2.3 3.3 of this Agreement were untrue in any material respect as of the Closing Cut-Off Date (or in the case of the Subsequent Mortgage Loans, as of the respective Subsequent Transfer Cut-Off Date), and that such breach of the representations and warranties materially and adversely affects the interests of the Owners or of the Note Certificate Insurer, the party hereto discovering such breach shall give prompt written notice to the other parties hereto and to the Note Certificate Insurer.

Covenants of the Seller to Take Certain Actions with Respect to the Mortgage Loans In Certain Situations. (a) With the provisos and limitations as to remedies set forth in this Section 2.43.5, upon the discovery by any Originator, the Seller, the Issuer, the Servicer, the Note Oversight Agent, the Certificate Insurer, any Sub-Servicer, the Owner Trustee, the Custodian Servicer or the Indenture Trustee that the representations and warranties set forth in Section 2.3 3.4 of this Agreement were untrue in any material respect as of the Closing Cut-Off Date (or in the case of the Subsequent Mortgage Loans, as of the respective Subsequent Transfer Cut-Off Date), and that such breach of the representations and warranties materially and adversely affects the interests of the Owners or of the Note Certificate Insurer, the party hereto discovering such breach shall give prompt written notice to the other parties hereto and to the Note Certificate Insurer.