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Common use of Rule 17g-5 Compliance Clause in Contracts

Rule 17g-5 Compliance. American Pacific hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rxxx00x0xxxxxxxxxxxxxxxxxxx@xxxxxxxxxx.xxx, with a subject reference of “SEMT 2012-3” and an identification of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify American Pacific in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. American Pacific shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 22 prohibit or restrict oral or written communications, or providing information, between American Pacific, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to American Pacific or (ii) such Rating Agency’s or NRSRO’s evaluation of American Pacific’s operations in general; provided, however, that American Pacific shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.

Appears in 2 contracts

Samples: Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-3), Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-3)

Rule 17g-5 Compliance. American Pacific hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rxxx00x0xxxxxxxxxxxxxxxxxxx@xxxxxxxxxx.xxx, with a subject reference of “SEMT 2012-32” and an identification of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify American Pacific in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. American Pacific shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 22 prohibit or restrict oral or written communications, or providing information, between American Pacific, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to American Pacific or (ii) such Rating Agency’s or NRSRO’s evaluation of American Pacific’s operations in general; provided, however, that American Pacific shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.

Appears in 2 contracts

Samples: Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-2), Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-2)

Rule 17g-5 Compliance. Franklin American Pacific hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rxxx00x0xxxxxxxxxxxxxxxxxxx@xxxxxxxxxx.xxx, with a subject reference of “SEMT 2012-3” and an identification of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify Franklin American Pacific in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. Franklin American Pacific shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 22 prohibit or restrict oral or written communications, or providing information, between American PacificFranklin American, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to Franklin American Pacific or (ii) such Rating Agency’s or NRSRO’s evaluation of American PacificFranklin American’s operations in general; provided, however, that Franklin American Pacific shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.

Appears in 2 contracts

Samples: Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-3), Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-3)

Rule 17g-5 Compliance. Franklin American Pacific hereby agrees that it shall provide information with respect to the Mortgage Loans or the origination thereof to any Rating Agency or nationally recognized statistical rating organization (“NRSRO”) via electronic mail at rxxx00x0xxxxxxxxxxxxxxxxxxx@xxxxxxxxxx.xxx, with a subject reference of “SEMT 2012-32” and an identification of the type of information being provided in the body of such electronic mail. The Securities Administrator, as the initial Rule 17g-5 Information Provider (the “Rule 17g-5 Information Provider”) shall notify Franklin American Pacific in writing of any change in the identity or contact information of the Rule 17g-5 Information Provider. Franklin American Pacific shall have no liability for (i) the Rule 17g-5 Information Provider’s failure to post information provided by it in accordance with the terms of this Agreement or (ii) any malfunction or disabling of the website maintained by the Rule 17g-5 Information Provider. None of the foregoing restrictions in this Section 22 prohibit or restrict oral or written communications, or providing information, between American PacificFranklin American, on the one hand, and any Rating Agency or NRSRO, on the other hand, with regard to (i) such Rating Agency’s or NRSRO’s review of the ratings it assigns to Franklin American Pacific or (ii) such Rating Agency’s or NRSRO’s evaluation of American PacificFranklin American’s operations in general; provided, however, that Franklin American Pacific shall not provide any information relating to the Mortgage Loans to such Rating Agency or NRSRO in connection with such review and evaluation by such Rating Agency or NRSRO unless: (x) borrower, property or deal specific identifiers are redacted; or (y) such information has already been provided to the Rule 17g-5 Information Provider.

Appears in 2 contracts

Samples: Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-2), Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-2)