Common use of Insured Depository Institution Representations Clause in Contracts

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.

Appears in 12 contracts

Samples: Servicing Agreement (Lehman XS Trust 2007-1), Seller’s Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-8), Seller’s Warranties and Servicing Agreement (Lehman XS Trust Series 2006-16n)

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Insured Depository Institution Representations. The 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, the 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.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSAA Home Equity Trust 2006-19)

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