Common use of Representations and Warranties Concerning the Mortgage Loans Clause in Contracts

Representations and Warranties Concerning the Mortgage Loans. The Indenture Trustee, as pledgee of the Mortgage Loans, shall have the benefit of (i) the representations and warranties made by GMACM in Section 3.1(a) and Section 3.1(b) of the Purchase Agreement, (ii) the benefit of the representations and warranties made by WG Trust 2003 in Section 3.1(d) of the Purchase Agreement and (iii) the benefit of the representations and warranties made by GMACM or WG Trust 2003, as applicable, in Section 2 of any Subsequent Transfer Agreement, in each case, concerning the Mortgage Loans and the right to enforce the remedies against GMACM or WG Trust 2003 provided in Section 3.1(e) of the Purchase Agreement, as applicable, to the same extent as though such representations and warranties were made directly to the Indenture Trustee.

Appears in 6 contracts

Samples: GMACM Home Equity Loan Trust 2006-He3, GMACM Home Equity Loan Trust 2007-He2, GMACM Home Equity Loan Trust 2007-He1

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Representations and Warranties Concerning the Mortgage Loans. The Indenture Trustee, as pledgee of the Mortgage Loans, shall have the benefit of (i) the representations and warranties made by GMACM in Section 3.1(a) and Section 3.1(b) of the Purchase Agreement, Agreement and (ii) the benefit of the representations and warranties made by WG Trust 2003 in Section 3.1(d) of the Purchase Agreement and (iii) the benefit of the representations and warranties made by GMACM or WG Trust 2003, as applicable, in Section 2 of any Subsequent Transfer Agreement, in each case, concerning the Mortgage Loans and the right to enforce the remedies against GMACM or WG Trust 2003 provided in Section 3.1(e) of the Purchase Agreement, as applicable, to the same extent as though such representations and warranties were made directly to the Indenture Trustee.

Appears in 5 contracts

Samples: Gmacm Home Equity Loan Trust 2005-He1, GMACM Home Equity Loan Trust 2004-He4, GMACM Home Equity Loan Trust 2006-He4

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Representations and Warranties Concerning the Mortgage Loans. The Indenture Trustee, as pledgee of the Mortgage Loans, shall have the benefit of (i) the representations and warranties made by GMACM in Section 3.1(a) and Section 3.1(b) of the Purchase Agreement, (ii) the benefit of the representations and warranties made by WG Trust 2003 2001 in Section 3.1(d3.1(c) of the Purchase Agreement and (iii) the benefit of the representations and warranties made by GMACM or WG Trust 2003, as applicable, 2003 in Section 2 3.1(d) of any Subsequent Transfer the Purchase Agreement, in each case, concerning the Mortgage Loans and the right to enforce the remedies against GMACM GMACM, WG Trust 2001 or WG Trust 2003 provided in Section 3.1(e) of the Purchase Agreement), as applicable, to the same extent as though such representations and warranties were made directly to the Indenture Trustee.

Appears in 1 contract

Samples: Gmacm Home Equity Loan Backed Term Notes Ser 2003-He1

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