Common use of Originator Obligations Clause in Contracts

Originator Obligations. [_____________] 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. [_____________________] agrees that there are no conditions precedent to the obligations of [_____________________] hereunder other than written demand to the Company to perform its obligations under this Agreement.

Appears in 2 contracts

Samples: Underwriting Agreement (New Century Mortgage Securities Inc), New Century Mortgage Securities LLC

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Originator Obligations. [_____________________] 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. [_____________________] agrees that there are no conditions precedent to the obligations of [_____________________] hereunder other than written demand to the Company to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (New Century Mortgage Securities Inc)

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Originator Obligations. [_____________________] 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. [_____________________] agrees that there are no conditions precedent to the obligations of [_____________________] hereunder other than written demand to the Company to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Agreement (New Century Mortgage Securities LLC)

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