Common use of Mortgage Loan as Described Clause in Contracts

Mortgage Loan as Described. Such Mortgage Loan complies with the terms and conditions set forth in the PHH Agreement, and all of the information set forth with respect thereto on the Mortgage Loan Schedule is true and correct in all material respects, and the information provided to the rating agencies, including the loan level detail, is true and correct according to the rating agency requirements;

Mortgage Loan as Described. Such Mortgage Loan complies with the terms and conditions set forth in the PHH Agreement, and all of the information set forth with respect thereto on the Mortgage Loan Schedule is true and correct in all material respects, and the information provided to the rating agencies, including the loan level detail, is true and correct according to the rating agency requirements;