Originator Obligations. New Century Mortgage Corporation agrees with each Underwriter, for the sole and exclusive benefit of such Underwriter and each person who controls an Underwriter within the meaning of either the Act or the Exchange Act and not for the benefit of any assignee thereof or any other person or persons dealing with such Underwriter, to indemnify and hold harmless each Underwriter and each person who controls an Underwriter within the meaning of either the Act or the Exchange Act against any failure by the Company to perform any of its obligations under this Agreement. New Century Mortgage Corporation agrees that there are no conditions precedent to the obligations of New Century Mortgage Corporation hereunder other than written demand to the Company to perform its obligations under this Agreement.
Appears in 3 contracts
Samples: Underwriting Agreement (New Century Home Equity Loan Trust 2006-1), Underwriting Agreement (New Century Home Equity Loan Trust 2006-2), Underwriting Agreement (New Century Home Equity Loan Trust 2006-S1)
Originator Obligations. New Century Mortgage Corporation agrees with each the Underwriter, for the sole and exclusive benefit of such the Underwriter and each person who controls an the Underwriter within the meaning of either the Act or the Exchange Act and not for the benefit of any assignee thereof or any other person or persons dealing with such the Underwriter, to indemnify and hold harmless each the Underwriter and each person who controls an the Underwriter within the meaning of either the Act or the Exchange Act against any failure by the Company to perform any of its obligations under this Agreement. New Century Mortgage Corporation agrees that there are no conditions precedent to the obligations of New Century Mortgage Corporation hereunder other than written demand to the Company to perform its obligations under this Agreement.
Appears in 1 contract
Samples: Underwriting Agreement (New Century Alternative Mortgage Loan Trust 2006-Alt1)
