Insured Depository Institution Representations. If the Servicer is an Insured Depository Institution, the Servicer makes the following additional representations and warranties:
(i) This Agreement between the Owner and the Servicer conforms to all applicable statutory and regulatory requirements; and
(ii) This Agreement is (1) executed contemporaneously with the Loan Purchase Agreement, (2) approved by a specific corporate or banking association resolution by the Servicer's board of directors, which approval shall be reflected in the minutes of said board, and (3) an official record of the Servicer. A copy of such resolution, certified by a vice president or higher officer of the Servicer has been provided to the Owner.
Insured Depository Institution Representations. Seller is an "insured depository institution" as that term is defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended, and accordingly, Seller makes the following additional representations and warranties:
(i) This Agreement between Purchaser and Seller conforms to all applicable statutory and regulatory requirements; and
(ii) This Agreement is (1) executed contemporaneously with the agreement reached by Purchaser and Seller, (2) approved by a specific corporate or banking association resolution by the Seller's board of directors, which approval shall be reflected in the minutes of said board, and (3) an official record of the Seller. A copy of such resolution, certified by a vice president or higher officer of Seller has been provided to Purchaser.
Insured Depository Institution Representations. Company is an “insured depository institution” as that term is defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended, and accordingly, Company makes the following additional representations and warranties:
(i) This Agreement between Purchaser and Company conforms to all applicable statutory and regulatory requirements; and
(ii) This Agreement is (1) executed contemporaneously with the agreement reached by Purchaser and Company, and (2) an official record of the Company. A copy of such resolution, certified by a vice president or higher officer of Company has been provided to Purchaser.
Insured Depository Institution Representations. The Seller makes the following additional representations and warranties:
(i) This Agreement conforms to all statutory and regulatory requirements applicable to the Seller. This Agreement is (a) executed contemporaneously with the agreement reached by the Seller and the Purchaser, (b) approved by a specific corporate or banking association resolution by the board of directors of the Seller, which approval shall be reflected in the minutes of said board, and (c) continuously, from the time of its execution, an official record of the Seller;
(ii) This Agreement has been duly and validly authorized by a specific corporate or banking association resolution by the board of directors of the Seller. A copy of such resolution, certified by the corporate secretary of the Seller or attested to by a vice president or higher officer of the Seller has been provided to the Purchaser; and
(iii) The Seller will maintain a copy of this Agreement in its official books and records.
Insured Depository Institution Representations. The Seller is an “insured depository institution” as that term is defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended, and accordingly, the Seller makes the following additional representations and warranties:
(A) This Agreement between the Purchaser and the Seller conforms to all applicable statutory and regulatory requirements; and
(B) This Agreement is (1) executed contemporaneously with the agreement reached by the Purchaser and the Seller, (2) approved by a specific or general corporate or banking association resolution by the Seller’s board of directors, which approval shall be reflected in the minutes of said board, and (3) an official record of the Seller. A copy of such resolution, certified by a vice president or higher officer of the Seller has been provided to the Purchaser;
Insured Depository Institution Representations. Company is an “insured depository institution” as that term is defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended, and accordingly, Company makes the following additional representations and warranties:
(i) This Agreement between Purchaser and Company conforms to all applicable statutory and regulatory requirements; and
(ii) This Agreement is (1) executed contemporaneously with the agreement reached by Purchaser and Company, (2) approved by a specific corporate or banking association resolution by the Company’s board of directors, which approval shall be reflected in the minutes of said board, and (3) an official record of the Company. A copy of such resolution, certified by a vice president or higher officer of Company has been provided to Purchaser.
Insured Depository Institution Representations. If Seller is an Insured Depository Institution, Seller makes the following additional representations and warranties: (i) the Program Documents do not violate any statutory or regulatory requirements applicable to Seller; (ii) the Program Documents have been (1) executed contemporaneously with the definitive agreement reached by Buyer and Seller, (2) Seller’s Board of Directors has authorized Seller’s officers to negotiate and enter into the Agreement, which authorization shall be reflected in the minutes of said board, and (3) entered into the official records of Seller, a copy of which approvals, certified by a vice president or higher officer of Seller, has been provided to Buyer; (iii) the aggregate amount of the Purchase Price of the Transactions, after giving effect to any Transactions being made on the Purchase Date hereof, between Buyer and Seller does not exceed any restrictions or limitations imposed by the board of directors or regulatory requirements of Seller and (iv) as of any date of determination, Seller is Well Capitalized.
Insured Depository Institution Representations. If the Seller is an Insured Depository Institution, and accordingly, such Seller makes the following additional representations and warranties:
Insured Depository Institution Representations. The Seller is an insured depository institution, and accordingly, the Seller makes the following additional representations and warranties:
(1) This Agreement conforms to all statutory and regulatory requirements applicable to the Seller. This Agreement is (a) executed contemporaneously with the agreement reached by the Seller and the Purchaser, (b) approved by a specific corporate or banking association resolution by the board of directors of the Seller, which approval shall be reflected in the minutes of said board, and (c) continuously, from the time of its execution, an official record of the Seller;
(2) This Agreement has been duly and validly authorized by a specific corporate or banking association resolution by the board of directors of the Seller. A copy of such resolution, certified by the corporate secretary of the Seller or attested to by a vice president or higher officer of the Seller has been provided to the Purchaser; and
(3) The Seller will maintain a copy of this Agreement in its official books and records and shall make same available for the Purchaser's inspection and copying on one Business Day's notice.
Insured Depository Institution Representations. Special ---------------------------------------------- Servicer is an "insured depository institution" as that term is defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended, and accordingly, Special Servicer makes the following additional representations and warranties:
(i) This Agreement between Owner and Special Servicer conforms to all applicable statutory and regulatory requirements; and
(ii) This Agreement is (1) executed contemporaneously with the agreement reached by Owner and Special Servicer, (2) approved by a specific corporate or banking association resolution by the Special Servicer's board of directors, which approval shall be reflected in the minutes of said board, and (3) an official record of the Special Servicer. A copy of such resolution, certified by a vice president or higher officer of Special Servicer has been provided to Owner.
