Common use of Notification of Defects Clause in Contracts

Notification of Defects. Upon discovery by the Custodian of a defect with respect to a Mortgage File (including without limitation a missing or defective document contained therein), the Custodian shall give prompt written notice specifying such defect to the Trustee.

Appears in 14 contracts

Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Asset Bk Cert Ser 1998-Aq1), Pooling and Servicing Agreement (Solomon Bros Mort Sec Vii Inc Fl Rt MRT Ps THR Cert 1999 3), Pooling and Servicing Agreement (Salomon Bros Mort Sec Viiinc Ast Bk Fl Rte Cer Se 1997-Lb5)

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Notification of Defects. Upon discovery by the Custodian of a defect with respect to a Mortgage File (including without limitation a missing or defective document contained therein)File, the Custodian shall give prompt written notice specifying such defect to the Trustee.

Appears in 2 contracts

Samples: Reference Agreement (Goldman Sachs Asset Backed Securities Corp), Reference Agreement (Gs Mortgage Securities Corp)

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Notification of Defects. Upon discovery by the Custodian of a defect with respect to a Mortgage File (including without limitation a missing or defective document contained therein), the Custodian shall give prompt written notice specifying such defect to the Indenture Trustee.

Appears in 1 contract

Samples: Indenture (Salomon Br Mor Sec Vii Inc Series 1998-11)

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