Common use of Examination of Mortgage File Clause in Contracts

Examination of Mortgage File. At the Owner’s request upon reasonable advance notice prior to or after the Closing Date, the Owner or its designee or any other third party may, at such Person’s cost and expense, conduct a due diligence review of a reasonable sample of the Mortgage Files for the purpose of selling, assigning or reconstituting the Mortgage Loans, ensuring conformity with the Underwriting Guidelines and to insure that the Mortgage Loans meet the characteristics set forth in this Agreement, the Purchase Price and Terms Letter and in the Schedules and Exhibits hereto and thereto.