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.
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Samples: Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Ce Se 2003-12xs), Seller’s Warranties and Servicing Agreement (Lehman XS Trust Series 2006-12n), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 03 4)
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 '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.
Appears in 2 contracts
Samples: Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-3)
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 the Purchaser and the Company conforms to all applicable statutory and regulatory requirements; and
(ii) This Agreement is (1) executed contemporaneously with the agreement reached by the Purchaser and the Company, (2) approved by a specific corporate or banking association resolution by the Company’s '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 the Company has been provided to the Purchaser.
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