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 Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association and Xxxxx Fargo Bank, N.A., as custodians (each, a “Custodian,” 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, 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 5 contracts
Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp), Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp 2005-S1), Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp. 2005 S-3)
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 Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association and Xxxxx Fargo Bank, N.A.N.A. and U.S. Bank National Association, as the custodians (each, a “Custodian,” and collectivelytogether, 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 5 contracts
Samples: Mortgage Loan Sale and Assignment Agreement (Lehman Mortgage Trust 2008-2), Mortgage Loan Sale and Assignment Agreement (Lehman Mortgage Trust 2007-4), Mortgage Loan Sale and Assignment Agreement (Lehman Mortgage Trust 2007-7)
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 Deutsche Bank National Trust Company, LaSalle Bank, Xxxxx Fargo Bank National AssociationMinnesota, N.A., JPMorgan Chase Bank and U.S. Bank National Association and Xxxxx Fargo Bank, N.A., as custodians (each, a “"Custodian,” and " 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 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 Pass THR Cert Ser 2002 Bc3), 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 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 Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association Association, Deutsche Bank National Trust Company and Xxxxx Fargo Bank, N.A., as custodians (each, a “Custodian,” 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, 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 2006-S1), Mortgage Loan Sale and Assignment Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates 2004-S2)
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 U.S. Bank National Association, Deutsche Bank National Trust Company, Xxxxx Fargo Bank, N.A. and LaSalle Bank National Association, U.S. Bank National Association and Xxxxx Fargo Bank, N.A., as the custodians (each, a “Custodian,” and collectivelytogether, 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 (Lehman Mortgage Trust 2006-5), Mortgage Loan Sale and Assignment Agreement (LMT 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 Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association and Xxxxx Wxxxx Fargo Bank, N.A., as the custodians (each, a “Custodian,” and collectivelytogether, 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 2006-8)
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 Deutsche Bank National Trust Company, LaSalle Bank National Association, Wxxxx Fargo Bank, N.A. and U.S. Bank National Association and Xxxxx Fargo Bank, N.A.Association, as the custodians (each, a “Custodian,” and collectivelytogether, 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 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 Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association Association, The Bank of New York Trust Company, N.A and Xxxxx Fargo Bank, N.A., as custodians applicable (each, a “Custodian,” and 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, 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
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 U.S. Bank National Association, Deutsche Bank National Trust Company, LaSalle Bank National Association, U.S. Bank National Association and Xxxxx Wxxxx Fargo Bank, N.A., as the custodians (each, a “Custodian,” and collectivelytogether, 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 2006-7)
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 Deutsche Bank National Trust CompanyU.S. Bank, LaSalle Bank National Association, U.S. as custodian or Wells Fargo Bank Minnesota, National Association and Xxxxx Fargo Bank, N.A.Association, as custodians custodian, as axxxxxable, (each, a “the "Custodian,” " and collectivelytogether, 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