Common use of Delivery to Custodian Clause in Contracts

Delivery to Custodian. Prior to the purchase of a Mortgage Loan pursuant to this Agreement, the Sellers shall deliver, or cause to be delivered, to Buyer or Custodian, as applicable, the documentation set forth in the Custodial Agreement with respect to such Mortgage Loan. If upon examination of the documents included in the related Mortgage File, the Custodian determines that such documents do not satisfy the requirements set forth in the Custodial Agreement, the Custodian shall xxxx such Mortgage Loan as an exception on the related Mortgage Loan Schedule and Exception Report.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Fieldstone Investment Corp), Master Repurchase Agreement (Fieldstone Investment Corp)

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Delivery to Custodian. Prior to the purchase of a Mortgage Loan pursuant to this Agreement, the Sellers shall deliver, or cause to be delivered, to Buyer Administrative Agent or Custodian, as applicable, the documentation set forth in the Custodial Agreement with respect to such Mortgage Loan. If upon examination of the documents included in the related Mortgage File, the Custodian determines that such documents do not satisfy the requirements set forth in the Custodial Agreement, the Custodian shall xxxx such Mortgage Loan as an exception on the related Mortgage Loan Schedule and Exception Report.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Fieldstone Investment Corp), Master Repurchase Agreement (Fieldstone Investment Corp)

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