Common use of Review of Documentation Clause in Contracts

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle Bank National Association, Xxxxx Fargo Bank, N.A. and U.S. Bank National Association, as the custodians (each, a “Custodian” and together, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 3 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Lehman Mortgage Trust 2007-6), Mortgage Loan Sale and Assignment Agreement (Lehman Mortgage Trust 2007-9), Mortgage Loan Sale and Assignment Agreement (Lehman Mortgage Trust 2007-8)

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Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle Deutsche Bank National AssociationTrust Company, Xxxxx Fargo JPMorgan Chase Bank, LaSalle Bank, N.A. and U.S. Bank National Association, as the custodians (each, a "Custodian” and together" and, collectively, the "Custodians”), for the applicable Mortgage Loans ") for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date or the applicable Transfer Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller Bank shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 3 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc2), Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3), Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 Bc4)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle Bank National Association, Xxxxx Fargo Bank, N.A. N.A., Deutsche Bank National Trust Company and U.S. Bank National Association, as the custodians applicable (each, a “Custodian” and togetherand, collectively, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 3 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5), Mortgage Loan Sale and Assignment Agreement (Sasco 2006-Bc3), Mortgage Loan Sale and Assignment Agreement (Sasco 2006-Bc1)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle Deutsche Bank National AssociationTrust Company, Xxxxx Fargo JPMorgan Chase Bank, LaSalle Bank, N.A. and U.S. Bank National Association, as the custodians (each, a “Custodian” and togetherand, collectively, the “Custodians”), for the applicable Mortgage Loans ) for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date or the applicable Transfer Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller Bank shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 3 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Amoritizing Residential Col Tr Mor Pas Thru Cer Ser 2002-Bc6), Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7), Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle Deutsche Bank National AssociationTrust Company, Xxxxx Fargo LaSalle Bank, N.A. N.A., JPMorgan Chase Bank and U.S. Bank National Association, as the custodians Association (each, a “Custodian” and togetherand, collectively, the “Custodians”), for the applicable Mortgage Loans ) for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date or the applicable Transfer Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 3 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Amoritizing Residential Col Tr Mor Pas Thru Cer Ser 2002-Bc6), Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp), Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle Bank National Association, U.S. Bank National Association and Xxxxx Fargo Bank, N.A. and U.S. Bank National AssociationN.A., as the custodians (each, a “Custodian,” and togethercollectively, the “Custodians”), ) for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 3 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp 2005-S5), Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp 2005-S4), Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp 2005-S6)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the custodian, Deutsche Bank National Trust Company, LaSalle Bank National Association, Xxxxx U.S. Bank National Association and Wxxxx Fargo Bank, N.A. and U.S. Bank National Association, as the custodians applicable (each, a “Custodian” and together, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 2 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-3), Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-4)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the custodian, Deutsche Bank National Trust Company, LaSalle Bank National Association, Xxxxx U.S. Bank National Association or Wxxxx Fargo Bank, N.A. and U.S. Bank National AssociationN.A., as the custodians applicable (each, a “Custodian” and together, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 2 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-8), Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-10)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan ScheduleSchedules, subject to review thereof by LaSalle Deutsche Bank National AssociationTrust Company, Xxxxx Fargo JPMorgan Chase Bank, LaSalle Bank, N.A. and U.S. Bank National Association, as the custodians (each, a “Custodian” and togetherand, collectively, the “Custodians”), for the applicable Mortgage Loans ) for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller Bank shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 2 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002-Bc8), Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc9)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the custodian, Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association or Xxxxx Fargo Bank, N.A. and U.S. Bank National AssociationN.A., as the custodians applicable (each, a “Custodian” and together, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 2 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-8), Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-7)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle Bank National Association, Xxxxx Fargo Bank, N.A. and U.S. Bank National Association, as custodian or Wells Fargo Bank, National Association, as custodian, as applicable, (xxxh, the custodians (each, a “"Custodian" and together, the "Custodians”), ") for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 2 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp), Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle U.S. Bank National Association, Xxxxx Fargo Bank, N.A. and U.S. LaSalle Bank National Association, as the custodians (each, a “Custodian” and togethercollectively, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 2 contracts

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp Trust 2005-3), Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle Bank National Association, Deutsche Bank National Trust Company, Xxxxx Fargo BankBank Minnesota, N.A. National Association and U.S. Bank National Association, as the custodians applicable (each, a “Custodian” and togetherand, collectively, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date or the applicable Transfer Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust FundTrust), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund Issuer under Section 2.02(c) 3.03 of the Trust Transfer and Servicing Agreement.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Sasco Mortgage Loan Trust Series 2003-Gel1)

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Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the custodian, Deutsche Bank National Trust Company, LaSalle Bank National Association, Xxxxx Fargo Bank, N.A. and U.S. Bank National AssociationAssociation or Welxx Xxrgo Bank, N.A., as the custodians applicable (each, a “Custodian” and together, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-11)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the custodian, Deutsche Bank, National Association, LaSalle Bank National Association, U.S. Bank National Association or Xxxxx Fargo Bank, N.A. and U.S. Bank National Association, as the custodians applicable (each, a “Custodian” and together, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-12)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle U.S. Bank National Association, Xxxxx Fargo Bank, N.A. and U.S. LaSalle Bank National Association, as the custodians (each, a “Custodian” and together, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Lehman Mortgage Trust 2006-2)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by Bankers Trust Company of California, N.A., LaSalle Bank National Association, Xxxxx Fargo Bank, N.A. and U.S. Bank National Association, as the custodians (each, a "Custodian” and together" and, collectively, the "Custodians”), for the applicable Mortgage Loans ") for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date or the applicable Transfer Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller Bank shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan ScheduleSchedules, subject to review thereof by Deutsche Bank National Trust Company, LaSalle Bank Bank, National Association, Xxxxx Fargo Bank, N.A. and U.S. Bank National Association, as the custodians applicable (each, a “Custodian” and togetherand, collectively, the “Custodians”), for the applicable Mortgage Loans for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass-THR Certs Ser 2004-Gel1)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan ScheduleSchedules, subject to review thereof by LaSalle Deutsche Bank National AssociationTrust Company, Xxxxx Fargo JPMorgan Chase Bank, LaSalle Bank, N.A. and U.S. Bank National Association, as applicable, as the custodians (each, a “Custodian” and togetherand, collectively, the “Custodians”), for the applicable Mortgage Loans ) for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller Bank shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc10)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by LaSalle Deutsche Bank National AssociationTrust Company, Xxxxx Fargo LaSalle Bank, N.A. N.A.,Xxxxx Fargo Bank Minnesota, National Association and U.S. Bank National Association, as the custodians applicable, (each, a “Custodian” and togetherand, collectively, the “Custodians”), for the applicable Mortgage Loans ) for the Depositor. Each Custodian is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the related Custodian identifies any Material Defect, the Seller shall be obligated to cure such Material Defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Qualifying Substitute Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under Section 2.02(c) of the Trust Agreement.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Investment Loan Trust 2003-Bc2)

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