Common use of Representations and Warranties of the Sponsor with Respect to the Mortgage Loans Clause in Contracts

Representations and Warranties of the Sponsor with Respect to the Mortgage Loans. The Sponsor makes the following representations and warranties as to the Mortgage Loans on which the Note Insurer relies and the Indenture Trustee relies in accepting the Mortgage Loans in trust and executing and authenticating the Class B Noteholders. Such representations and warranties speak as of the Closing Date with respect to the Initial Mortgage Loans, as of the related Subsequent Transfer Date with respect to any Subsequent Mortgage Loan, or as of the Transfer Date upon which any Qualified Replacement Mortgage is added to the Issuer, but shall in each case survive the sale, transfer, and assignment of the Mortgage Loans to the Indenture Trustee:

Appears in 1 contract

Samples: Sale and Servicing Agreement (Advanta Mortgage Loan Trust 1998-4c)

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Representations and Warranties of the Sponsor with Respect to the Mortgage Loans. (a) The Sponsor makes the following representations and warranties as to the Mortgage Loans on which the Note Insurer relies and the Indenture Trustee relies in accepting the Mortgage Loans in trust and executing and authenticating the Class B A Noteholders. Such representations and warranties speak as of the Closing Date with respect to the Initial Mortgage Loans, as of the related Subsequent Transfer Date with respect to any Subsequent Mortgage Loan, or as of the Transfer Date upon which any Qualified Replacement Mortgage is added to the Issuer, but shall in each case survive the sale, transfer, and assignment of the Mortgage Loans to the Indenture TrusteeIndenture:

Appears in 1 contract

Samples: Sale and Servicing Agreement (Advanta Mortgage Loan Trust 1998-4c)

Representations and Warranties of the Sponsor with Respect to the Mortgage Loans. (a) The Sponsor makes the following representations and warranties as to the Mortgage Loans on which the Note Certificate Insurer relies and the Indenture Trustee relies in accepting the Mortgage Loans in trust and executing and authenticating the Class B NoteholdersCertificates. Such representations and warranties speak as of the Closing Date Startup Day with respect to the Initial Mortgage Loans, as of the related Subsequent Transfer Date with respect to any Subsequent Mortgage Loan, or as of the Transfer Date date upon which any Qualified Replacement Mortgage is added to the IssuerTrust, but shall in each case survive the sale, transfer, and assignment of the Mortgage Loans to the Indenture Trustee:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Mortgage Loan Trust 1998-3)

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Representations and Warranties of the Sponsor with Respect to the Mortgage Loans. (a) The Sponsor makes the following representations and warranties as to the Mortgage Loans on which the Note Class A-8 and Class A-9 Certificate Insurer relies and the Indenture Trustee relies in accepting the Mortgage Loans in trust and executing and authenticating the Class B NoteholdersCertificates. Such representations and warranties speak as of the Closing Date Startup Day with respect to the Initial Mortgage Loans, as of the related Subsequent Transfer Date with respect to any Subsequent Mortgage Loan, or as of the Transfer Date date upon which any Qualified Replacement Mortgage is added to the IssuerTrust, but shall in each case survive the sale, transfer, and assignment of the Mortgage Loans to the Indenture Trustee:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Mortgage Conduit Services Inc)

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