Common use of Examination of Mortgage Loan Documents Clause in Contracts

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s (or any of its successor’s) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 8 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp 2005-Wf4), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-Wf2), Reconstituted Servicing Agreement (Sasco 2006-Wf1)

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Examination of Mortgage Loan Documents. Prior to the related Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one (1) Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser at any time before or after such Closing Date or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s (or any of its successor’s) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 7 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc3), Reconstituted Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Wf1), Warranties and Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Wf2)

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission omissions or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in of this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 6 contracts

Samples: Warranties and Servicing Agreement (Mortgage Pass-Through Certificates Series 2003-37a), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-14)

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission omissions or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 5 contracts

Samples: Letter Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-23), Lehman (Structured Adjustable Rate Mortgage Loan Trust Series 2006-1), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-22)

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission omissions or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one (1) Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 3 contracts

Samples: Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-6), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-4), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-5)

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission omissions or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the related Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in of this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 3 contracts

Samples: Reconstituted Servicing Agreement (Lehman Xs Trust Series 2005-3), Warranties and Servicing Agreement (Lehman Sarm 2005-5), Lehman (Structured Adjustable Rate Mortgage Loan Trust Series 2005-18)

Examination of Mortgage Loan Documents. Prior to the related Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a <PAGE> designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one (1) Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser at any time before or after such Closing Date or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 2 contracts

Samples: Reconstituted Servicing Agreement, Reconstituted Servicing Agreement

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-21xs)

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission omissions or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the related Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one (1) Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Lehman XS Trust Series 2006-10n)

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission omissions or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the related Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 1 contract

Samples: Lehman (Structured Adjustable Rate Mortgage Loan Trust Series 2006-1)

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Examination of Mortgage Loan Documents. ACCEPTANCE OF MORTGAGE LOANS. Prior to the Closing Date (or a Subsequent Sales Date), the Company Aegis Mortgage shall either (i) deliver to Aegis or its designee in escrow, for examination, the Mortgage Loan Documents included in the Custodial pertaining to each Mortgage File Loan then being sold or (ii) make such Mortgage Loan Documents available to Aegis or its designee for examination at Aegis Mortgage's offices or at such other place as Aegis Mortgage shall specify. Aegis, the Custodian. The Purchaser , or a designee of either entity may review such the Mortgage Loan Documents to verify that the all documents required to be included in each Custodial Mortgage File (as such term has been defined in the Pooling and Servicing Agreement) are so included. Prior to the Closing Date (or a Subsequent Sales Date), the Custodian shall review the documents delivered pursuant to Section 3(c) hereof to ascertain that, as to each Mortgage Loan listed on Schedule I, (i) all documents required to be delivered by Aegis Mortgage pursuant to Section 3(c) have been received, (ii) such documents appear regular on their face and relate to such Mortgage Loan and (iii) the information on Schedule I accurately reflects the information set forth in the corresponding Mortgage File, to the extent required by Section 2.1 of the Pooling and Servicing Agreement. An additional review shall be conducted by the Custodian or its designee prior to the first anniversary of the Closing Date to determine that all Mortgage Loan Documents required to be included in the Mortgage File are availableincluded therein. If a Custodial at any time Aegis or the Trustee (or its Custodian) discovers or receives notice that any Mortgage File Loan Document is incomplete missing or defective in any material respect with respect to any Mortgage Loan, Aegis Mortgage shall correct or a Mortgage Loan does not conform to the requirements of this Agreement and cure any such omission or defects cannot be cured prior to defect or, if such omission or defect materially impairs the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, or by any prospective purchaser value of the Mortgage Loans from Loan, repurchase the Purchaserdefective Mortgage Loan or substitute for such defective Mortgage Loan a Substitute Mortgage Loan in accordance with and if permitted by the terms of Section 7 hereof. At the time of such repurchase or substitution, at any time after the Closing Date upon prior written notice Custodian shall release documents in its possession relating to the Companysuch Mortgage Loan to Aegis Mortgage. The fact that Aegis, the Purchaser Trustee or any prospective purchaser a designee of the Mortgage Loans either entity has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File Loan Documents prior to the Closing Date (or a Subsequent Sales Date) shall not affect the Purchaser’s rights of Aegis (or any of its successor’sassignee or successor thereof) rights to demand repurchase, substitution repurchase or other relief as provided under this Agreementherein.

Appears in 1 contract

Samples: Sales Agreement (Aegis Asset Backed Securities Corp)

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission omissions or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in of this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-11h)

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission omissions or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.. ARTICLE 111

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Sasco 2006-3h)

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission omissions or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s (or any of its successor’s) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 1 contract

Samples: Letter Agreement (Thornburg Mortgage Securities Trust 2005-4)

Examination of Mortgage Loan Documents. Prior to the related Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one (1) Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s 's offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, Purchaser at any time before or after such Closing Date or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s 's (or any of its successor’s's) rights to demand repurchase, substitution or other relief as provided under this Agreement.

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Thornburg Mortgage Securities Trust 2006-5)

Examination of Mortgage Loan Documents. Prior to the Closing Date, the Company shall deliver the Mortgage Loan Documents included in the Custodial Mortgage File to the Custodian. The Purchaser or a designee may review such Mortgage Loan Documents to verify that the documents required to be included in each Custodial Mortgage File are available. If a Custodial Mortgage File is incomplete or defective or a Mortgage Loan does not conform to the requirements of this Agreement and such omission or defects cannot be cured prior to the Closing Date, the Mortgage Loan shall be deleted from the Mortgage Loan Schedule. If deleted, the Mortgage Loan may be replaced, up to one Business Day prior to the Closing Date, by one or more substitute Mortgage Loans which satisfy the criteria set forth in this Agreement. The Company shall make the Retained Mortgage File available to the Purchaser for examination at the Company’s offices or such other location as shall otherwise be agreed upon by the Purchaser and the Company. Such examination may be made by the Purchaser, or by any prospective purchaser of the Mortgage Loans from the Purchaser, at any time after the Closing Date upon prior written notice to the Company. The fact that the Purchaser or any prospective purchaser of the Mortgage Loans has conducted or has failed to conduct any partial or complete examination of the Retained Mortgage File shall not affect the Purchaser’s (or any of its successor’s) rights to demand repurchase, substitution or other relief as provided under this Agreement.. Article V. ARTICLE III

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Sail 2006-2)

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