Common use of Independent Analysis of the Note B Holder Clause in Contracts

Independent Analysis of the Note B Holder. The Note B Holder acknowledges that it has, independently and without reliance upon any Senior Noteholder, except with respect to the representations and warranties provided by the Senior Noteholders herein or in the Purchase Agreement, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase Note B, and the Note B Holder accepts responsibility therefor. The Note B Holder hereby acknowledges that, other than the representations and warranties provided herein or in the Purchase Agreement, the Senior Noteholders have made no representations or warranties with respect to the Mortgage Loan and that the Senior Noteholders shall have no responsibility for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished or to be furnished to the Senior Noteholders in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Mortgage Loan Borrower. Each Noteholder assumes all risk of loss in connection with its Note except as specifically set forth herein.

Independent Analysis of the Note B Holder. The Note B Holder acknowledges that it has, independently and without reliance upon any the Senior NoteholderNoteholders, except with respect to the representations and warranties provided by the Senior Noteholders herein or in the Purchase Agreementherein, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase the Note B, B and the Note B Holder accepts responsibility therefor. The Note B Holder hereby acknowledges that, other than the representations and warranties provided herein or in the Purchase Agreementherein, the Senior Noteholders have made no representations or warranties with respect to the Mortgage Loan Loan, subject to such representations and warranties as provided by the Senior Noteholders herein, and that the Senior Noteholders shall have no responsibility for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished or to be furnished to the Senior Noteholders in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Mortgage Loan Borrower. Each Noteholder The Note B Holder assumes all risk of loss in connection with its the Note B except as specifically set forth herein.

Independent Analysis of the Note B Holder. The Note B Holder acknowledges that it has, independently and without reliance upon any Senior Noteholderthe Initial Note A Holders, except with respect to the representations and warranties provided expressly made by the Senior Noteholders herein or in the Purchase AgreementInitial Note A Holders herein, and based on such documents and information as it Note B Holder has deemed appropriate, made its own credit analysis and decision to purchase Note B, B and the Note B Holder accepts responsibility therefor. The Note B Holder hereby acknowledges that, other than the representations and warranties provided expressly made herein or in by the Purchase AgreementNote A Holders, none of the Senior Noteholders have Note A Holders has made no any representations or warranties with respect to the Mortgage Loan Loan, and that none of the Senior Noteholders Note A Holders shall have no any responsibility for (i) the collectibility collectability of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished or to be furnished to the Senior Noteholders Note A Holders in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Mortgage Loan BorrowerMortgagor. Each Noteholder The Note B Holder assumes all risk of loss in connection with its Note except as specifically set forth herein.

Independent Analysis of the Note B Holder. The Note B Holder acknowledges that it has, independently and without reliance upon any Senior Noteholder, except with respect to the representations and warranties provided by the Senior Noteholders herein or in the Purchase Agreementherein, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase Note B, and the Note B Holder accepts responsibility therefor. The Note B Holder hereby acknowledges that, other than the representations and warranties provided herein or in the Purchase Agreementherein, the Senior Noteholders have made no representations or warranties with respect to the Mortgage Loan and that the Senior Noteholders shall have no responsibility for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished or to be furnished to the Senior Noteholders in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Mortgage Loan Borrower. Each Noteholder assumes all risk of loss in connection with its Note except as specifically set forth herein.

Independent Analysis of the Note B Holder. The Note B Holder acknowledges that it has, independently and without reliance upon any the Senior NoteholderNote Holders, except with respect to the representations and warranties provided by the Senior Noteholders herein or in the Purchase AgreementNote Holders herein, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase the Note B, B and the Note B Holder accepts responsibility therefor. The Note B Holder hereby acknowledges that, other than the representations and warranties provided herein or in the Purchase Agreementherein, the Senior Noteholders Note Holders have made no representations or warranties with respect to the Mortgage Loan Loan, subject to such representations and warranties as provided by the Senior Note Holders herein, and that the Senior Noteholders Note Holders shall have no responsibility for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished or to be furnished to the Senior Noteholders Note Holders in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Mortgage Loan Borrower. Each Noteholder The Note B Holder assumes all risk of loss in connection with its the Note B except as specifically set forth herein.

Independent Analysis of the Note B Holder. The Note B Holder acknowledges that it has, independently and without reliance upon any Senior Noteholder, except with respect to the representations and warranties provided by the Senior Noteholders herein or in the Purchase Agreementherein, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase Note B, B and the Note B Holder accepts responsibility therefor. The Note B Holder hereby acknowledges that, other than the representations and warranties provided herein or in the Purchase Agreementherein, the Senior Noteholders have made no representations or warranties with respect to the Mortgage Loan Loan, subject to such representations and warranties as provided by the Senior Noteholders herein, and that the Senior Noteholders shall have no responsibility for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished or to be furnished to the Senior Noteholders in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the 49 financial condition of the Mortgage Loan Borrower. Each Noteholder The Note B Holder assumes all risk of loss in connection with its Note B except as specifically set forth herein.

Independent Analysis of the Note B Holder. The Note B Holder acknowledges that it has, independently and without reliance upon any Senior Noteholder, except with respect to the representations and warranties provided by the Senior Noteholders herein or in the Purchase Agreementherein, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to purchase Note B, B and the Note B Holder accepts responsibility therefor. The Note B Holder hereby acknowledges that, other than the representations and warranties provided herein or in the Purchase Agreementherein, the Senior Noteholders have made no representations or warranties with respect to the Mortgage Loan Loan, subject to such representations and warranties as provided by the Senior Noteholders herein, and that the Senior Noteholders shall have no responsibility for (i) the collectibility of the Mortgage Loan, (ii) the validity, enforceability or legal effect of any of the Mortgage Loan Documents or the title insurance policy or policies or any survey furnished or to be furnished to the Senior Noteholders in connection with the origination of the Mortgage Loan, (iii) the validity, sufficiency or effectiveness of the lien created or to be created by the Mortgage Loan Documents, or (iv) the financial condition of the Mortgage Loan Borrower. Each Noteholder assumes all risk of loss in connection with its Note except as specifically set forth herein.