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 Trustee, for the Mortgage Loans for the Depositor. The Trustee is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee identifies any material defect, the Seller shall be obligated to cure such 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 Replacement 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 the Pooling Agreement.
Appears in 11 contracts
Samples: Mortgage Loan Sale and Assignment Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-Nca), Mortgage Loan Sale and Assignment Agreement (Mortgage Loan Asset-Backed Certificates, Series 2006-Ar1), Mortgage Loan Sale and Assignment Agreement (Mortgage Loan Asset-Backed Certificates, Series 2005-NCB)
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 Trustee, for the Mortgage Loans for the Depositor. The Trustee is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee identifies any material defect, the Seller Sponsor shall be obligated to cure such 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 Replacement 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 the Pooling Agreement.
Appears in 4 contracts
Samples: Mortgage Loan Sale and Assignment Agreement (Merrill Lynch Mortgage Investors Trust Series MLCC 2006-3), Mortgage Loan Sale and Assignment Agreement (Merrill Lynch Mortgage Investors Trust Series MLCC 2006-1), Mortgage Loan Sale and Assignment Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-F1)
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 Trustee, for the Mortgage Loans for the Depositor. The Trustee is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee identifies any material defect, the Seller Sponsor shall be obligated to cure such 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 Replacement 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 the Pooling and Servicing Agreement.
Appears in 3 contracts
Samples: Mortgage Loan Sale and Assignment Agreement (Merrill Lynch Mortgage Investors Trust, Series MLCC 2007-3), Mortgage Loan Sale and Assignment Agreement (Merrill Lynch Mortgage Investors Trust Series MLCC 2007-1), Mortgage Loan Sale and Assignment Agreement (Merrill Lynch Mortgage Investors Trust, Series MLCC 2007-2)
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 the Trustee, Trustee for the Mortgage Loans for the Depositor. The Trustee is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee identifies any material defect, the Seller Sponsor shall be obligated to cure such 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 Replacement 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 the Pooling Agreement.
Appears in 2 contracts
Samples: Mortgage Loan Sale and Assignment Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-He1), Mortgage Loan Sale and Assignment Agreement (Mortgage Loan Asset-Backed Certificates, Series 2006-He4)
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 Trustee, Trustee for the Mortgage Loans for the Depositor. The Trustee is required to review, within 45 days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee identifies any material defect, the Seller shall be obligated to cure such 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 Replacement 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 the Pooling Agreement.
Appears in 1 contract
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 Trustee, for the Mortgage Loans for Trustee on behalf of the Depositor. The Trustee is required to review, within 45 sixty (60) days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee identifies any material defect, the Transferor or the Seller shall be obligated to cure such 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 Replacement 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 the Pooling Agreement.
Appears in 1 contract
Samples: Mortgage Loan Sale and Assignment Agreement (Merrill Lynch Mortgage Investors Inc)