Common use of The Amendments Clause in Contracts

The Amendments. (a) Section 6 of the Agreement is hereby amended by: (i) deleting the word “and” at the end of subpart (lxxii) thereof and (ii) inserting the following new subpart at the end of subpart (lxxiii) thereof: ; and (lxxiv) With respect to any Group I Mortgage Loan for which the date of the related mortgage note is more than 1 year before the Closing Date, (i) The Sponsor represents that it currently operates or actively participates in an on-going and active program or business (A) to originate mortgages, and/or (B) to make periodic purchases of mortgage loans from originators or other sellers, and/or (C) to issue and/or purchase securities or bonds supported by the mortgages, with a portion of the proceeds generated by such program or business being used to purchase or originate mortgages made to borrowers who are: (a) low-income families (families with incomes of 80% or less of area median income) living in low-income areas (a census tract or block numbering area in which the median income does not exceed 80 percent of the area median income) and/or (b) very low-income families (families with incomes of 60% or less of area median income), and (ii) The Sponsor agrees that Xxxxxxx Mac for a period of two (2) years following the date of this Agreement may contact the Sponsor to confirm that it continues to operate or actively participate in the mortgage program or business and to obtain other nonproprietary information about the Sponsor’s activities that may assist Xxxxxxx Mac in completing its regulatory reporting requirements. The Sponsor will make reasonable efforts to provide such information to Xxxxxxx Mac.

The Amendments. (a) Section 6 of the Agreement is hereby amended by: (i) deleting the word “and” at the end of subpart (lxxiilxxiii) thereof and (ii) inserting the following new subpart at the end of subpart (lxxiiilxxiv) thereof: ; and (lxxivlxxv) With respect to any Group I Mortgage Loan for which the date of the related mortgage note is more than 1 year before the Closing Date, (i) The Sponsor Seller represents that it currently operates or actively participates in an on-going and active program or business (A) to originate mortgages, and/or (B) to make periodic purchases of mortgage loans from originators or other sellers, and/or (C) to issue and/or purchase securities or bonds supported by the mortgages, with a portion of the proceeds generated by such program or business being used to purchase or originate mortgages made to borrowers who are: (a) low-income families (families with incomes of 80% or less of area median income) living in low-income areas (a census tract or block numbering area in which the median income does not exceed 80 percent of the area median income) and/or (b) very low-income families (families with incomes of 60% or less of area median income), and (ii) The Sponsor Seller agrees that Xxxxxxx Fxxxxxx Mac for a period of two (2) years following the date of this Agreement may contact the Sponsor Seller to confirm that it continues to operate or actively participate in the mortgage program or business and to obtain other nonproprietary information about the SponsorSeller’s activities that may assist Xxxxxxx Fxxxxxx Mac in completing its regulatory reporting requirements. The Sponsor Seller will make reasonable efforts to provide such information to Xxxxxxx Fxxxxxx Mac.

The Amendments. (a) Section 6 of the Agreement is hereby amended by: (i) deleting the word “and” at the end of subpart (lxxii) thereof and (ii) inserting the following new subpart at the end of subpart (lxxiii) thereof: ; and (lxxiv) With respect to any Group I Mortgage Loan for which the date of the related mortgage note is more than 1 year before the Closing Date, (i) The Sponsor Seller represents that it currently operates or actively participates in an on-going and active program or business (A) to originate mortgages, and/or (B) to make periodic purchases of mortgage loans from originators or other sellers, and/or (C) to issue and/or purchase securities or bonds supported by the mortgages, with a portion of the proceeds generated by such program or business being used to purchase or originate mortgages made to borrowers who are: (a) low-income families (families with incomes of 80% or less of area median income) living in low-income areas (a census tract or block numbering area in which the median income does not exceed 80 percent of the area median income) and/or (b) very low-income families (families with incomes of 60% or less of area median income), and (ii) The Sponsor Seller agrees that Xxxxxxx Mac for a period of two (2) years following the date of this Agreement may contact the Sponsor Seller to confirm that it continues to operate or actively participate in the mortgage program or business and to obtain other nonproprietary information about the SponsorSeller’s activities that may assist Xxxxxxx Mac in completing its regulatory reporting requirements. The Sponsor Seller will make reasonable efforts to provide such information to Xxxxxxx Mac.