Common use of The Borrower Loans and Securities Clause in Contracts

The Borrower Loans and Securities. The Company hereby makes the following representations and warranties to the Loan and Note Servicer in relation to each Borrower Loan and Security to the best of the Company’s knowledge as of the related Loan Funding Date only: (a) the Company has, on or before the Loan Funding Date, delivered or caused to be delivered to the Loan and Note Servicer, all of the books, records, data, files and other Borrower Loan Documents relating to such Borrower Loan and Security, to the extent in the Company’s possession; (b) after giving effect to the Company’s purchase from the Bank of each Borrower Loan, the Company is the record holder of such Borrower Loan; and (c) upon issuance of a Security the information inputted in the electronic register with respect to the holder of such Security is correct, true and accurate.