Common use of Delayed Delivery Clause in Contracts

Delayed Delivery. In connection with the transfer under Section 2.01(a) by the Depositor, the Depositor shall effect delivery of the Mortgage Loan Schedule to the Trust and the Indenture Trustee by the Closing Date and delivery of the Mortgage Files to the Trust, and the Trust shall deliver them to the Indenture Trustee, (1) no later than the Closing Date, with respect to no less than 50% of the Initial Mortgage Loans in each Loan Group, (2) no later than the twentieth day after the Closing Date, with respect to no less than 40% of the Initial Mortgage Loans in each Loan Group in addition to those delivered on the Closing Date, and (3) within thirty days following the Closing Date, with respect to the remaining Initial Mortgage Loans. In connection with the transfers by the Depositor under Section 2.01(b), the Depositor shall effect delivery of a revised Mortgage Loan Schedule reflecting the addition of the Additional Home Equity Loans to the Indenture Trustee following the relevant Subsequent Closing Date and of the relevant Mortgage Files to the Custodian, (A) no later than the relevant Subsequent Closing Date, with respect to no less than 10% of the relevant Additional Home Equity Loans, and (B) within twenty days following the relevant Subsequent Closing Date, with respect to the remaining relevant Additional Home Equity Loans. In lieu of delivery of original documentation, the Depositor may deliver documents that have been imaged optically on delivery of an opinion of counsel to the Indenture Trustee and the Credit Enhancer that the imaged documents are enforceable to the same extent as the originals and do not impair the enforceability of the transfer to the Trust of the Mortgage Loans, if the retention of the imaged documents in the delivered format will not result in a reduction in the then current rating of the Notes without regard to the Policy.

Delayed Delivery. In connection with the transfer under Section 2.01(a) by the Depositor, the Depositor shall effect delivery of the Mortgage Loan Schedule to the Trust and the Indenture Trustee by the Closing Date and delivery of the Mortgage Files to the Trust, and the Trust shall deliver them to the Indenture Trustee, (1) no later than the Closing Date, with respect to no less than 50% of the Initial Mortgage Loans in each Loan GroupLoans, (2) no later than the twentieth day after the Closing Date, with respect to no less than 40% of the Initial Mortgage Loans in each Loan Group in addition to those delivered on the Closing Date, and (3) within thirty days following the Closing Date, with respect to the remaining Initial Mortgage Loans. In connection with the transfers by the Depositor under Section 2.01(b), the Depositor shall effect delivery of a revised Mortgage Loan Schedule reflecting the addition of the Additional Home Equity Loans to the Indenture Trustee following the relevant Subsequent Closing Date and of the delivery of the relevant Mortgage Files to the Custodian, (A) no later than the relevant Subsequent Closing Date, with respect to no less than 10% of the relevant Additional Home Equity Loans, and (B) within twenty days following the relevant Subsequent Closing Date, with respect to the remaining relevant Additional Home Equity Loans. In lieu of delivery of original documentation, the Depositor may deliver documents that have been imaged optically on delivery of an opinion of counsel to the Indenture Trustee and the Credit Enhancer that the imaged documents are enforceable to the same extent as the originals and do not impair the enforceability of the transfer to the Trust of the Mortgage Loans, if the retention of the imaged documents in the delivered format will not result in a reduction in the then current rating of the Notes without regard to the Policy.

Delayed Delivery. In connection with the transfer under Section 2.01(a) by the Depositor, the Depositor shall effect delivery of the Mortgage Loan Schedule to the Trust and the Indenture Trustee by the Closing Date and delivery of the Initial Mortgage Files to the Trust, and the Trust shall deliver them to the Indenture Trustee, (1) no later than the Closing Date, with respect to no less than 50% of the Initial Mortgage Loans in each Loan GroupLoans, (2) no later than the twentieth day after the Closing Date, with respect to no less than 40% of the Initial Mortgage Loans in each Loan Group in addition to those delivered on the Closing Date, and (3) within thirty days following the Closing Date, with respect to the remaining Initial Mortgage Loans. In connection with the transfers by the Depositor under Section 2.01(b), the Depositor shall effect delivery of a revised Mortgage Loan Schedule reflecting the addition of the Additional Home Equity Loans to the Indenture Trustee within 15 days following the relevant Subsequent Closing Date and of the relevant Initial Mortgage Files to the Custodian, (A) no later than the relevant Subsequent Closing Date, with respect to no less than 10% of the relevant Additional Home Equity Loans, and (B) within twenty days following the relevant Subsequent Closing Date, with respect to the remaining relevant Additional Home Equity Loans. In lieu of delivery of original documentation, the Depositor may deliver documents that have been imaged optically on delivery of an opinion of counsel to the Indenture Trustee and the Credit Enhancer that the imaged documents are enforceable to the same extent as the originals and do not impair the enforceability of the transfer to the Trust of the Mortgage Loans, if the retention of the imaged documents in the delivered format will not result in a reduction in the then current rating of the Notes without regard to the PolicyNotes.

Delayed Delivery. In connection with the transfer under Section 2.01(a) by the Depositor, the Depositor shall effect delivery of the Mortgage Loan Schedule to the Trust and the Indenture Trustee by the Closing Date and delivery of the Initial Mortgage Files to the Trust, and the Trust shall deliver them to the Indenture Trustee, (1i) no later than the Closing Date, with respect to no less than 50% of the Initial Mortgage Loans in each Loan GroupLoans, (2ii) no later than the twentieth twenty-first day after the Closing Date, with respect to no less than 40% of the Initial Mortgage Loans in each Loan Group in addition to those delivered on the Closing Date, and (3iii) within thirty days following the Closing Date, with respect to the remaining Initial Mortgage Loans. In connection with the transfers by the Depositor under Section 2.01(b), the Depositor shall effect delivery of a revised Mortgage Loan Schedule reflecting the addition of the Additional Home Equity Loans to the Indenture Trustee within 15 days following the relevant Subsequent Closing Date and of the relevant Initial Mortgage Files to the CustodianFiles, (A) no later than the twenty-first day after the relevant Subsequent Closing Date, with respect to no less than 1080% of the relevant Additional Home Equity Loans, and (B) within twenty thirty days following the relevant Subsequent Closing Date, with respect to the remaining relevant Additional Home Equity Loans. In lieu of delivery of original documentation, the Depositor may deliver documents that have been imaged optically on delivery of an opinion of counsel to the Indenture Trustee and the Credit Enhancer that the imaged documents are enforceable to the same extent as the originals and do not impair the enforceability of the transfer to the Trust of the Mortgage Loans, if the retention of the imaged documents in the delivered format will not result in a reduction in the then current rating of the Notes without regard to the Policy.

Delayed Delivery. In connection with the transfer under Section 2.01(a) by the Depositor, the Depositor shall effect delivery of the Mortgage Loan Schedule to the Trust and the Indenture Trustee by the Closing Date and delivery of the Initial Mortgage Files to the Trust, and the Trust shall deliver them to the Indenture Trustee, (1i) no later than the Closing Date, with respect to no less than 50% of the Initial Mortgage Loans in each Loan Group, (2ii) no later than the twentieth day after the Closing Date, with respect to no less than 40% of the Initial Mortgage Loans in each Loan Group in addition to those delivered on the Closing Date, and (3iii) within thirty days following the Closing Date, with respect to the remaining Initial Mortgage Loans. In connection with the transfers by the Depositor under Section 2.01(b), the Depositor shall effect delivery of a revised Mortgage Loan Schedule reflecting the addition of the Additional Home Equity Loans to the Indenture Trustee within 15 days following the relevant Subsequent Closing Date and of the relevant Initial Mortgage Files to the Custodian, (A) no later than the relevant Subsequent Closing Date, with respect to no less than 10% of the relevant Additional Home Equity Loans, and (B) within twenty days following the relevant Subsequent Closing Date, with respect to the remaining relevant Additional Home Equity Loans. In lieu of delivery of original documentation, the Depositor may deliver documents that have been imaged optically on delivery of an opinion of counsel to the Indenture Trustee and the Credit Enhancer that the imaged documents are enforceable to the same extent as the originals and do not impair the enforceability of the transfer to the Trust of the Mortgage Loans, if the retention of the imaged documents in the delivered format will not result in a reduction in the then current rating of the Notes without regard to the Policy.

Delayed Delivery. In connection with the transfer under Section 2.01(a) by the Depositor, the Depositor shall effect delivery of the Mortgage Loan Schedule to the Trust and the Indenture Trustee by the Closing Date and delivery of the Initial Mortgage Files to the Trust, and the Trust shall deliver them to the Indenture Trustee, (1) no later than the Closing Date, with respect to no less than 50% of the Initial Mortgage Loans in each Loan Group, (2) no later than the twentieth day after the Closing Date, with respect to no less than 40% of the Initial Mortgage Loans in each Loan Group in addition to those delivered on the Closing Date, and (3) within thirty days following the Closing Date, with respect to the remaining Initial Mortgage Loans. In connection with the transfers by the Depositor under Section 2.01(b), the Depositor shall effect delivery of a revised Mortgage Loan Schedule reflecting the addition of the Additional Home Equity Loans to the Indenture Trustee within 15 days following the relevant Subsequent Closing Date and of the relevant Initial Mortgage Files to the Custodian, (A) no later than the relevant Subsequent Closing Date, with respect to no less than 10% of the relevant Additional Home Equity Loans, and (B) within twenty days following the relevant Subsequent Closing Date, with respect to the remaining relevant Additional Home Equity Loans. In lieu of delivery of original documentation, the Depositor may deliver documents that have been imaged optically on delivery of an opinion of counsel to the Indenture Trustee and the Credit Enhancer that the imaged documents are enforceable to the same extent as the originals and do not impair the enforceability of the transfer to the Trust of the Mortgage Loans, if the retention of the imaged documents in the delivered format will not result in a reduction in the then current rating of the Notes without regard to the Policy.

Delayed Delivery. In connection with the transfer under Section 2.01(a) by the Depositor, the Depositor shall effect delivery of the Mortgage Loan Schedule to the Trust and the Indenture Trustee by the Closing Date and delivery of the Initial Mortgage Files to the Trust, and the Trust shall deliver them to the Indenture Trustee, (1i) no later than the Closing Date, with respect to no less than 50% of the Initial Mortgage Loans in each Loan GroupLoans, (2ii) no later than the twentieth day after the Closing Date, with respect to no less than 40% of the Initial Mortgage Loans in each Loan Group in addition to those delivered on the Closing Date, and (3iii) within thirty days following the Closing Date, with respect to the remaining Initial Mortgage Loans. In connection with the transfers by the Depositor under Section 2.01(b), the Depositor shall effect delivery of a revised Mortgage Loan Schedule reflecting the addition of the Additional Home Equity Loans to the Indenture Trustee within 15 days following the relevant Subsequent Closing Date and of the relevant Initial Mortgage Files to the CustodianFiles, (A) no later than the twentieth day after the relevant Subsequent Closing Date, with respect to no less than 1080% of the relevant Additional Home Equity Loans, and (B) within twenty thirty days following the relevant Subsequent Closing Date, with respect to the remaining relevant Additional Home Equity Loans. In lieu of delivery of original documentation, the Depositor may deliver documents that have been imaged optically on delivery of an opinion of counsel to the Indenture Trustee and the Credit Enhancer that the imaged documents are enforceable to the same extent as the originals and do not impair the enforceability of the transfer to the Trust of the Mortgage Loans, if the retention of the imaged documents in the delivered format will not result in a reduction in the then current rating of the Notes without regard to the Policy.

Delayed Delivery. In connection with the transfer under Section 2.01(a) by the Depositor, the Depositor shall effect delivery of the Mortgage Loan Schedule to the Trust and the Indenture Trustee by the Closing Date and delivery of the Initial Mortgage Files to the Trust, and the Trust shall deliver them to the Indenture Trustee, (1i) no later than the Closing Date, with respect to no less than 50% of the Initial Mortgage Loans in each Loan Group, (2ii) no later than the twentieth day after the Closing Date, with respect to no less than 40% of the Initial Mortgage Loans in each Loan Group in addition to those delivered on the Closing Date, and (3iii) within thirty days following the Closing Date, with respect to the remaining Initial Mortgage Loans. In connection with the transfers by the Depositor under Section 2.01(b), the Depositor shall effect delivery of a revised Mortgage Loan Schedule reflecting the addition of the Additional Home Equity Loans to the Indenture Trustee within 15 days following the relevant Subsequent Closing Date and of the relevant Initial Mortgage Files to the Custodian, (A) no later than the relevant Subsequent Closing Date, with respect to no less than 10% of the relevant Additional Home Equity Loans, and (B) within twenty days following the relevant Subsequent Closing Date, with respect to the remaining relevant Additional Home Equity Loans. In lieu of delivery of original documentation, the Depositor may deliver documents that have been imaged optically on delivery of an opinion of counsel to the Indenture Trustee and the Credit Enhancer that the imaged documents are enforceable to the same extent as the originals and do not impair the enforceability of the transfer to the Trust of the Mortgage Loans, if the retention of the imaged documents in the delivered format will not result in a reduction in the then current rating of the Notes without regard to the Policy.

Delayed Delivery. In connection with the transfer under Section 2.01(a) by the Depositor, the Depositor shall effect delivery of the Mortgage Loan Schedule to the Trust and the Indenture Trustee by the Closing Date and delivery of the Initial Mortgage Files to the Trust, and the Trust shall deliver them to the Indenture Trustee, (1i) no later than the Closing Date, with respect to no less than 50% of the Initial Mortgage Loans in each Loan GroupLoans, (2ii) no later than the twentieth day after the Closing Date, with respect to no less than 40% of the Initial Mortgage Loans in each Loan Group in addition to those delivered on the Closing Date, and (3iii) within thirty days following the Closing Date, with respect to the remaining Initial Mortgage Loans. In connection with the transfers by the Depositor under Section 2.01(b), the Depositor shall effect delivery of a revised Mortgage Loan Schedule reflecting the addition of the Additional Home Equity Loans to the Indenture Trustee within 15 days following the relevant Subsequent Closing Date and of the relevant Initial Mortgage Files to the Custodian, (A) no later than the relevant Subsequent Closing Date, with respect to no less than 10% of the relevant Additional Home Equity Loans, and (B) within twenty days following the relevant Subsequent Closing Date, with respect to the remaining relevant Additional Home Equity Loans. In lieu of delivery of original documentation, the Depositor may deliver documents that have been imaged optically on delivery of an opinion of counsel to the Indenture Trustee and the Credit Enhancer that the imaged documents are enforceable to the same extent as the originals and do not impair the enforceability of the transfer to the Trust of the Mortgage Loans, if the retention of the imaged documents in the delivered format will not result in a reduction in the then current rating of the Notes without regard to the Policy.

Delayed Delivery. In connection with the transfer under Section 2.01(a) by the Depositor, the Depositor shall effect delivery of the Mortgage Loan Schedule to the Trust and the Indenture Trustee by the Closing Date and delivery of the Initial Mortgage Files to the Trust, and the Trust shall deliver them to the Indenture Trustee, (1i) no later than the Closing Date, with respect to no less than 50[___]% of the Initial Mortgage Loans in each Loan GroupLoans, (2ii) no later than the twentieth [twenty-first] day after the Closing Date, with respect to no less than 40[___]% of the Initial Mortgage Loans in each Loan Group in addition to those delivered on the Closing Date, and (3iii) within thirty [thirty] days following the Closing Date, with respect to the remaining Initial Mortgage Loans. In connection with the transfers by the Depositor under Section 2.01(b), the Depositor shall effect delivery of a revised Mortgage Loan Schedule reflecting the addition of the Additional Home Equity Loans to the Indenture Trustee within [15] days following the relevant Subsequent Closing Date and of the relevant Initial Mortgage Files to the Custodian,Files (A) no later than the [twenty-first] day after the relevant Subsequent Closing Date, with respect to no less than 10[___]% of the relevant Additional Home Equity Loans, Loans and (B) within twenty [thirty] days following the relevant Subsequent Closing Date, with respect to the remaining relevant Additional Home Equity Loans. In lieu of delivery of original documentation, the Depositor may deliver documents that have been imaged optically on delivery of an opinion of counsel to the Indenture Trustee and the Credit Enhancer that the imaged documents are enforceable to the same extent as the originals and do not impair the enforceability of the transfer to the Trust of the Mortgage Loans, if the retention of the imaged documents in the delivered format will not result in a reduction in the then current rating of the Notes without regard to the Policy.