Common use of Limited Representations or Warranties of the Owner Trustee Clause in Contracts

Limited Representations or Warranties of the Owner Trustee. Neither the Bank nor the Owner Trustee makes (i) any representation or warranty, either express or implied, as to the title to or value of the Underlying Certificates, and (ii) any representation or warranty as to the validity or enforceability of any Operative Agreement except as set forth below or as to the correctness of any statement made by a Person other than the Bank or the Owner Trustee contained in any Operative Agreement. The Bank represents, warrants and covenants to and for the benefit of the Depositor and the Certificateholders that:

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Delta Financial Corp), Deposit Trust Agreement (Delta Financial Corp), Deposit Trust Agreement (Delta Financial Corp)

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Limited Representations or Warranties of the Owner Trustee. Neither the Bank nor the Owner Trustee makes (i) any representation or warranty, either express or implied, as to the title to or value of the Underlying CertificatesCertificate, and (ii) any representation or warranty as to the validity or enforceability of any Operative Agreement except as set forth below or as to the correctness of any statement made by a Person other than the Bank or the Owner Trustee contained in any Operative Agreement. The Bank represents, warrants and covenants to and for the benefit of the Depositor and the Certificateholders that:

Appears in 1 contract

Samples: Deposit Trust Agreement (Indymac Abs Inc)

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Limited Representations or Warranties of the Owner Trustee. Neither the Bank nor the Owner Trustee makes (i) any representation or warranty, either express or implied, as to the title to or value of the Underlying Note or the Owner Trust Certificates, and (ii) any representation or warranty as to the validity or enforceability of any Operative Agreement Trust Document except as set forth below or as to the correctness of any statement made by a Person person or entity other than the Bank or the Owner Trustee contained in any Operative AgreementTrust Document. The Bank represents, warrants and covenants to and for the benefit of the Depositor Depositors and the Certificateholders that:

Appears in 1 contract

Samples: Trust Agreement (MortgageIT Holdings, Inc.)

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