Common use of PERFECTION OF MORTGAGES TRUSTEE'S AND BENEFICIARIES' TITLE TO THE MORTGAGE LOANS Clause in Contracts

PERFECTION OF MORTGAGES TRUSTEE'S AND BENEFICIARIES' TITLE TO THE MORTGAGE LOANS. Subject to Clause 6 of the Mortgage Sale Agreement: (a) upon the receipt by the Seller of a written request from the Mortgages Trustee, Funding or the Security Trustee to execute transfers pursuant to Clause 6.2 of the Mortgage Sale Agreement, the Administrator shall execute or procure the execution of such transfers on behalf of the Seller or shall provide sufficient information to enable the Mortgages Trustee, Funding or the Security Trustee to do so; and (b) upon the Seller being required to do so by the Mortgages Trustee, Funding or the Security Trustee pursuant to Clause 6.1 of the Mortgage Sale Agreement, the Administrator shall do all or any of the acts, matters or things referred to in Clauses 6.2 and 6.3 of the Mortgage Sale Agreement.