Representations and Warranties With Respect To Mortgage Loans, Mortgaged Properties and Leases. Subject to any exceptions (x) approved by the Requisite Global Majority, (y) with respect to which the Rating Condition is satisfied or (z) for any Mortgage Loans or Mortgaged Properties and Leases added to the Collateral Pool on any Series Closing Date after the Applicable Series Closing Date, as set forth in the Series Supplement for the Series issued on such Series Closing Date, (i) in connection with the issuance of any Series of Notes on any Series Closing Date occurring on or after the Applicable Series Closing Date, the applicable Issuer hereby makes the applicable representations and warranties set forth on Schedule I-A and Schedule I-B with respect to the (X) Mortgage Loans and (Y) Mortgaged Properties and any related Leases, respectively, added to the Collateral Pool by such Issuer on such Series Closing Date; provided, that such representations and warranties shall be made as of the date specified in such representation or warranty or, in the event no such date is specified with respect to any such representation or warranty, as of the applicable Transfer Date, or (ii) in any other instance in which an Issuer acquires any Mortgage Loans or Mortgaged Properties and related Leases on or after the Applicable Series Closing Date (including in connection with the addition of any Qualified Substitute Mortgage Loans and/or Qualified Substitute Mortgaged Properties to the Collateral Pool), such Issuer hereby makes the applicable representations and warranties set forth on Schedule I-A and Schedule I-B with respect to such (X) Mortgage Loans or (Y) Mortgaged Properties and any related Leases, respectively; provided, that such representations and warranties shall be made as of the date specified in such representation or warranty or, in the event no such date is specified with respect to any such representation or warranty, as of the applicable Transfer Date. Notwithstanding the foregoing, the terms and provisions and requirements of this paragraph shall not apply to any Mortgage Loans, Mortgaged Properties or Leases acquired by an Issuer from an Originator or the transactions effected by any such acquisition. With respect to any Mortgage Loans or Mortgaged Properties and related Leases acquired by an Issuer from an Originator on or after the Applicable Series Closing Date (whether on a Series Closing Date or otherwise), the applicable Issuer shall cause (i) the applicable representations and warranties set forth on Schedule I-A and Schedule I-B with resp...
Representations and Warranties With Respect To Mortgage Loans, Mortgaged Properties and Leases. (a) Subject to any exceptions approved by each Insurer, each of the applicable Issuers shall make the representations and warranties set forth in Exhibit A of the applicable Series Supplement, as of the applicable Series Closing Date or Transfer Date, with respect to the indicated Mortgage Loans, Mortgaged Properties and Leases added to the Collateral Pool by such Issuer in connection with the issuance of any Series of Notes or as Qualified Substitute Mortgage Loans and/or Qualified Substitute Mortgaged Properties; provided, that, the Issuer and any such Co-Issuer shall not be required to make such representations and warranties with respect to any Mortgage Loan, Mortgaged Property or Lease acquired by the Issuer or such Co-Issuer from an Affiliate pursuant to a Purchase and Sale Agreement which is subject to the Performance Undertaking. Such representations and warranties shall be made in the applicable Series Supplement or in a separate certificate delivered by the applicable Issuers in connection with such New Issuance or substitution.
