Representations and Warranties of the Underlying MBS Seller Sample Clauses

Representations and Warranties of the Underlying MBS Seller. The Underlying MBS Seller hereby represents and warrants to the Depositor, the Master Servicer, the securities Administrator and the Trustee as of the Closing Date as follows: (i) prior to the transfer of the Underlying MBS to the Depositor, the Underlying MBS Seller was the sole owner of the Underlying MBS free and clear of any lien, pledge, charge or encumbrance of any kind; (ii) the Underlying MBS Seller has not assigned any interest in the Underlying MBS or any distributions thereon, except as contemplated herein; (iii) the crediting of the Underlying MBS to the Securities Account is sufficient to effect the transfer of the Underlying MBS to the Trustee pursuant to Section 2.01 hereof; and