Common use of Origination and Underwriting Clause in Contracts

Origination and Underwriting. The origination practices of the Seller (or, to the Seller’s knowledge, the related originator if the originator is not an Affiliate of Seller) with respect to each Mortgage Loan have been, in all material respects, legal and as of the date of its origination, such Mortgage Loan and the origination thereof complied in all material respects with, or was exempt from, all requirements of federal, state or local law relating to the origination of such Mortgage Loan; provided that such representation and warranty does not address or otherwise cover any matters with respect to federal, state or local law otherwise covered in this Exhibit V. (38)

Appears in 1 contract

Samples: Master Repurchase Agreement

AutoNDA by SimpleDocs

Origination and Underwriting. The origination practices of the Seller, or any Affiliate of Seller (or, to the Seller’s actual knowledge, the related originator if the originator is not Seller or an Affiliate of SellerSeller was not the originator) with respect to each Mortgage Purchased Loan have been, in all material respects, legal and as of the date of its origination, such Mortgage Purchased Loan and the origination thereof complied in all material respects with, or was exempt from, all requirements of federal, state or local law relating to the origination of such Mortgage Purchased Loan; provided that such representation and warranty does not address or otherwise cover any matters with respect to federal, state or local law otherwise covered in this Exhibit V. (38)VI.

Appears in 1 contract

Samples: Master Repurchase Agreement (Colony Credit Real Estate, Inc.)

Origination and Underwriting. The origination practices of the Seller or any Affiliate thereof (or, to the Seller’s knowledge, the related originator if the originator is not Seller or an Affiliate of Sellertheroef was not the originator) with respect to each Mortgage Loan have been, in all material respects, legal and as of the date of its origination, such Mortgage Loan and the origination thereof complied in all material respects with, or was exempt from, all requirements of federal, state or local law relating to the origination of such Mortgage Loan; provided that such representation and warranty does not address or otherwise cover any matters with respect to federal, state or local law otherwise covered in this Exhibit V. (38)V.

Appears in 1 contract

Samples: Master Repurchase Agreement (Colony NorthStar Credit Real Estate, Inc.)

AutoNDA by SimpleDocs

Origination and Underwriting. The origination practices of the Seller (or, to the Seller’s knowledge, the related originator if the originator is not an Affiliate of Seller) with respect to each Mortgage Loan have been, in all material respects, legal and as of the date of its origination, such Mortgage Loan and the origination thereof complied in all material respects with, or was exempt from, all requirements of federal, state or local law relating to the origination of such Mortgage Loan; provided that such representation and warranty does not address or otherwise cover any matters with respect to federal, state or local law otherwise covered in this Exhibit V. (38)V.

Appears in 1 contract

Samples: Master Repurchase Agreement (Colony Credit Real Estate, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!