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 the trustee, Xxxxx Fargo Bank, N.A. (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 7 contracts

Samples: Assignment Agreement (Merrill Lynch Mortgage Investors Inc), Assignment Agreement (Merrill Lynch Mortgage Investors Inc), Assignment Agreement (Merrill Lynch Mortgage Investors Trust, Series 2004-Wmc5)

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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 trustee, Xxxxx Fargo Bank, N.A. LaSalle Bank National Association (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 7 contracts

Samples: Assignment Agreement (OwnIt Mortgage Loan Trust Series 2006-4), Assignment Agreement (Mortgage Loan Asset-Backed Certificates, Series 2006-Rm3), Assignment Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Rm5)

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, Xxxxx Fargo BankHSBC Bank USA, N.A. National Association (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 5 contracts

Samples: Assignment Agreement (Ownit Mortgage Loan Trust, Series 2005-5), Assignment Agreement (Mortgage Loan Asset-Backed Certificates, Series 2005-3), Assignment Agreement (Ownit Mortgage Loan Trust, Series 2005-4)

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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 trustee, Xxxxx Fargo Bank, N.A. LaSalle Bank National Association (the "Trustee") for the Mortgage Loans for 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 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 3 contracts

Samples: Assignment Agreement (First Franklin Mortgage Loan Trust, Series 2007-Ff1), Assignment Agreement (First Franklin Mortgage Loan Trust, Series 2007-Ffa), Assignment Agreement (First Franklin Mortgage Loan Trust, Series 2007-Ff2)

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