Pursuant to the Custodial Agreement the Custodian shall hold the Mortgage Loan Documents as exclusive bailee and agent for the Lender pursuant to the terms of the Custodial Agreement and shall deliver to the Lender Trust Receipts with Exception Reports (as such terms are defined in the Custodial Agreement) to the effect that it has reviewed such Mortgage Loan Documents in the manner required by the Custodial Agreement and identifying any deficiencies in such Mortgage Loan Documents as so reviewed.
Pursuant to the Custodial Agreement the Custodian shall deliver to Agent and Borrower, no later than 11:00 a.m., New York City time, on a Funding Date, a Trust Receipt (as defined in the Custodial Agreement) in respect of all Mortgage Loans and all Eligible Securities pledged to Agent, for the benefit of Lender, on such Funding Date, and a Mortgage Loan Schedule and Exception Report.
Pursuant to the Custodial Agreement the Custodian shall deliver to the Administrative Agent and the applicable Borrower by 1:00 p.m. on the Borrowing Date for each Non—Table Funded Mortgage Asset a Trust Receipt (along with a completed Mortgage Asset File Checklist attached thereto) and an Asset Schedule and Exception Report relating to the Basic Mortgage Asset Documents with respect to the Eligible Assets that the applicable Borrower has requested the Revolving Lenders to finance on such Borrowing Date. With respect to each Table Funded Mortgage Asset, the applicable Borrower shall cause the Bailee to deliver to the Custodian with a copy to the Administrative Agent no later than 1:00 p.m. on the Borrowing Date by facsimile the related Basic Mortgage Asset Documents, the insured closing letter (if any), the escrow instructions (if any), a fully executed Bailee Agreement, a Bailee’s Trust Receipt issued by the Bailee thereunder and such other evidence satisfactory to the Administrative Agent in its discretion that all documents necessary to effect a pledge of the related Eligible Asset and the related Collateral to the Administrative Agent on behalf of the Lenders have been delivered to Bailee. With respect to each Table Funded Mortgage Asset, the Custodian shall deliver to the Administrative Agent a Table Funded Trust Receipt no later than 3:00 p.m. on the Borrowing Date, which documents shall be acceptable to the Administrative Agent in its discretion. In the case of a Table Funded Mortgage Asset, no later than 3:00 p.m. on the second (2nd) Business Day following the Custodian’s receipt of the related Mortgage Loan Documents comprising the Mortgage Asset File, the Custodian shall deliver to the Administrative Agent a Trust Receipt (along with a completed Mortgage Asset File Checklist attached thereto) certifying its receipt of the documents required to be delivered pursuant to the Custodial Agreement, together with an Asset Schedule and Exception Report relating to the Basic Mortgage Asset Documents, with any Exceptions identified by the Custodian as of the date and time of delivery of such Asset Schedule and Exception Report. The Custodian shall deliver to the Administrative Agent an Asset Schedule and Exception Report relating to all of the Mortgage Loan Documents within five (5) Business Days of its receipt of the related Mortgage Asset Files.
Pursuant to the Custodial Agreement. Custodian shall hold the Collateral Documents as exclusive bailee and agent for Lender pursuant to terms of the Custodial Agreement and shall deliver to Lender Trust Receipts each to the effect that it has reviewed such Collateral Documents in the manner and to the extent required by the Custodial Agreement and identifying any deficiencies in such Collateral Documents as so reviewed.
Pursuant to the Custodial Agreement the Custodian shall deliver to the Lender and the Borrower, no later than 12:00 noon, New York city time, on a Funding Date, a Trust Receipt (as defined in the Custodial Agreement) in respect of all Mortgage Loans pledged to the Lender on such Funding Date, and a Mortgage Loan Schedule and Exception Report.
Pursuant to the Custodial Agreement the Custodian shall deliver to the Seller and the Administrative Agent, no later than 5:00 p.m., New York City time, one Business Day prior to the proposed date of such Purchase, a trust receipt, in the form attached as Annex 2 to the Custodial Agreement in respect of all Receivables purchased by the Purchaser on such Funding Date.
Pursuant to the Custodial Agreement the Custodian shall deliver to the Lender and the Borrower no later than 3:00 p.m., New York City time, on the Funding Date a Trust Receipt and a Mortgage Loan Schedule and Exception Report (each as defined in the Custodial Agreement) in respect of all Mortgage Loans (except Wet-Ink Mortgage Loans) pledged to the Lender on such Funding Date and a Mortgage Loan Schedule and Exception Report (as so defined) covering all Wet-Ink Mortgage Loans so pledged. Subject to Section 5 hereof, such borrowing will then be made available to the Borrower by the Lender transferring, via wire transfer, to the following account of the Borrower: Norwest Bank, for the A/C of 3974027117, ABA# 000000000, Attn: Warehouse Funding, prior to the close of business on such Funding Date, the aggregate amount of such borrowing in funds immediately available to the Borrower.
Pursuant to the Custodial Agreement the Custodian shall deliver to the Lender and the Borrowers, no later than 11:00 a.m. on a Funding Date, a Trust Receipt (as defined in the Custodial Agreement) in respect of all Mortgage Loans pledged to the Lender on such Funding Date, and a Mortgage Loan Schedule and Exception Report.
Pursuant to the Custodial Agreement the Custodian shall deliver to the Lender and the Borrower, no later 1:00 p.m., New York City time, on a Funding Date, a Trust Receipt in respect of all Mortgage Loans pledged to the Lender on such Funding Date and an Exception Report in respect of all Mortgage Loans so pledged to the Lender. Subject to Section 5 hereof, such Advance will then be made available to the Borrower by the Lender transferring, via wire transfer (pursuant to wire transfer instructions provided by the Borrower on or prior to such Funding Date) the aggregate amount of such Advance in immediately available funds.
Pursuant to the Custodial Agreement the Custodian shall deliver to the Lender and the Borrower, no later than 1:00 p.m. New York City time on a Funding Date, a Trust Receipt (as defined in the Custodial Agreement) in respect of all Mortgage Loans pledged to the Lender on such Funding Date, and a Mortgage Loan Schedule and Exception Report. The Borrower acknowledges that Mortgage Loans listed in the Exception Report are not Eligible Mortgage Loans and the Lender is not required to advance funds in respect of such Mortgage Loans and such Mortgage Loans listed in the Exception Report shall not be subject to the Lien of this Loan Agreement.
