Selling PFI Representations and Warranties Sample Clauses

Selling PFI Representations and Warranties. ‌ PFIs selling loans under the MPF Program are required to make certain additional representations and warranties as described in this section. Mortgage Loan Delivery (12/22/16)29‌ By selling a Mortgage Loan under the MPF Program the PFI warrants and represents the following for each Mortgage Loan, as of the Funding Date: • The terms, conditions, and requirements stated in the Applicable Agreements have been fully satisfied; • The Mortgage Loan meets all MPF Program Requirements in the Guides; • The PFI does not have knowledge, of any proceedings pending for condemnation of all or any portion of the Mortgaged Property. • There are no adverse circumstances involving the Mortgage Loan, the Mortgaged Property or credit worthiness of the Borrower that would reduce the value or marketability of the Mortgage Loan or Mortgaged Property; • All warranties and representations of the PFI are true and correct; • The PFI is in compliance with the Applicable Agreements; • The PFI has not misstated or omitted any material fact about the Mortgage Loan to the Borrower, the MPF Bank or the MPF Provider; • All disclosures and notices required under Applicable Law and the terms of the Note and Security Instrument have been presented fully, clearly, and on a timely basis to the Borrower; • The PFI has filed and will continue to file all information and forms required under the Home Mortgage Disclosure Act and the Internal Revenue Code; • The PFI’s hiring process includes verification that all vendors, contractors, and employees, including managers, who will be involved in the origination of Mortgage Loans (including application through Closing) are not on the HUD Limited Denial of Participation (LDP) List, the U.S. General Services 28 MPF Announcement 2018-23 (4/9/18)‌ 29 MPF Announcement 2016-30 (12/22/16) Administration (GSA) Excluded Party List (available through the GSA’s System for Award Management website), the FHFA’s Suspended Counterparty List (SCP), or any other such lists. • The PFI does not permit any employee to manage or perform origination functions on Mortgage Loans who are on the HUD Limited Denial of Participation (LDP) List, the U.S. General Services Administration (GSA) Excluded Party List (available through the GSA’s System for Award Management website), the FHFA’s Suspended Counterparty List (SCP), or any other such lists. • If the PFI obtains third-party originated loans, or loans originated by an affiliate, that are subsequently delivered under the MPF P...
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Related to Selling PFI Representations and Warranties

  • Purchaser’s Representations and Warranties Purchaser represents and warrants to Seller that:

  • Seller Representations and Warranties The Seller represents and warrants to the Purchaser as of the Closing Date:

  • Seller’s Representations and Warranties Seller represents and warrants to Purchaser that:

  • Buyer Representations and Warranties Buyer represents and warrants to Seller:

  • Company Representations and Warranties The Company represents and warrants to and agrees with each Subscriber that:

  • City’s Representations and Warranties A. The CITY represents and warrants, as of the date hereof, that:

  • Client Representations and Warranties You represent that you have the full legal power and authority to enter into this Agreement and that the terms of this Agreement do not violate any obligation or duty to which you are bound, whether arising out of contract, operation of law, or otherwise. If you are an entity (e.g., corporation, partnership, limited liability company, or trust), this Agreement has been duly authorized by the appropriate corporate or other action and when so executed and delivered shall be binding in accordance with its terms. You agree to promptly deliver such corporate resolution or other action authorizing this Agreement at our request. You acknowledge that you have provided us with the information set forth on the “Client Profile” (Exhibit C) and represent that such information is a complete and accurate representation of your financial position and of your investment needs, goals, objectives, and risk tolerance at the time of entering into this Agreement and warrant that you will promptly inform us in writing if and when such information becomes incomplete or inaccurate during the term of this Agreement. You also agree to provide us with any other information and/or documentation that we may request in furtherance of this Agreement or related to your investment needs, goals, objectives, and risk tolerance for the Account, either directly from you or through your designated attorney, accountant, or other professional advisers. You acknowledge that we are authorized to rely upon any information received from such attorney, accountant, or other professional adviser and are not required to verify the accuracy of the information.

  • Buyer’s Representations and Warranties The Buyer represents and warrants to the Company that:

  • Customer’s Representations and Warranties Upon Xxxxxx’s request from time to time, Customer will provide Seller with current financial information. Customer represents and warrants that any financial information provided to Seller will be true and correct in all material respects and shall fairly and accurately present the financial condition of Customer as of the date of such financial statements. Customer hereby authorizes Seller to review and evaluate Customer’s credit background from time to time.

  • Project Co Representations and Warranties Project Co represents and warrants to Hospital that as at the date of this Limited Assignment of Construction Contract:

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