Trust Receipt. Section 4 is hereby deleted in its entirety and replaced in its entirety with the following:
Trust Receipt. For each Non–Table Funded Mortgage Asset, the Administrative Agent shall have received from the Custodian on or before each Borrowing Date a Trust Receipt (along with a completed Mortgage Asset File Checklist attached thereto) and an Asset Schedule and Exception Report with respect to the Basic Mortgage Asset Documents for each Eligible Asset, in each case dated the Borrowing Date, duly completed and, in the case of the Asset Schedule and Exception Report, with exceptions acceptable to the Administrative Agent in its discretion in respect of Eligible Assets to be pledged hereunder on such Business Day. In the case of a Table Funded Mortgage Asset, the Administrative Agent shall have received on the related Borrowing Date the Table Funded Trust Receipt and all other items described in the second (2nd) sentence of Subsection 2.1(b)(6), each in form and substance satisfactory to the Administrative Agent in its discretion, provided that the Administrative Agent subsequently receives the items described in Subsections 2.1(b)(4) and (6) and the other delivery requirements under the Custodial Agreement on or before the date and time specified herein and therein, which items shall be in form and substance satisfactory to the Administrative Agent in its discretion. In the case of Term Loans, the Custodian shall have possession of all Mortgage Loan Documents for the Term Loan Collateral and the Administrative Agent shall be in receipt of Trust Receipts for the Term Loan Collateral and all other conditions under the Custodial Agreement are satisfied with respect to such Term Loan Collateral.
Trust Receipt. Custodian shall have delivered to Repo Agent a Trust Receipt, inventory report and exception report relating to such Purchased Loans.
Trust Receipt. A Trust Receipt, substantially in the form of Annex 2 of the Custodial Agreement, dated the Effective Date, from the Custodian, duly completed.
Trust Receipt. To cause the Custodian to deliver to Buyer a Mortgage Loan Schedule and Exception Report, and a Trust Receipt, no later than the date set forth in the Custodial Agreement. If upon examination of the documents included in any Mortgage File, the Custodian determines that such documents do not satisfy the requirements set forth in the Custodial Agreement, the Custodian shall xxxx such Mortgage Loan as an exception on its Mortgage Loan Schedule and Exception Report.
Trust Receipt. No later than 1 p.m. (New York City time) on each Purchase Date (provided Custodian has timely received the items required pursuant to Section 2(a) herein), the Custodian shall issue to Buyer (via fax with original to follow the next Business Day) a Trust Receipt relating to the Purchased Mortgage Loans which are not Wet Ink Mortgage Loans (with a Mortgage Loan Schedule and exception report attached thereto) to the effect that with respect to such Purchased Mortgage Loans, (i) all of the documents in paragraphs (a), (c), (e) and, to the extent provided, (b), (d), (f), (g), (h) and (i) of the definition of "Mortgage File" are in its possession; (ii) such documents have been reviewed by it and appear regular on their face and relate to such Mortgage Loan; (iii) based on its examination and only as to the foregoing documents, the information set forth in the Mortgage Loan Schedule respecting such Mortgage Loan accurately reflects the information contained in the documents in the Mortgage File as to (A) the name of the mortgagor, (B) the address of the Mortgaged Property, (C) the original interest rate on the Mortgage Note, (D) the original principal amount of the Mortgage Note, and (E) the maturity date of the Mortgage Note; (iv) the Mortgage Note and the Mortgage each bears an original signature or signatures purporting to be the signature or signatures of the person or persons named as the maker and mortgagor or grantor or, in the case of certified copies of the Mortgage, that such copies bear a reproduction of such signature or signatures; (v) the original principal amount of the indebtedness secured by the Mortgage is identical to the original principal amount of the Mortgage Note; (vi) if the Mortgage Note does not name "Seller" as the holder or payee, the Mortgage Note bears original endorsements that complete the chain of ownership from the original holder or payee to the last endorsee (the "Last Endorsee"); ------------- (vii) if the Mortgage does not name "Seller" as the mortgagee or beneficiary, the original of the Assignment of Mortgage from the named mortgagee or beneficiary bears the original signature purporting to be the signature of the named mortgagee or beneficiary (and any other necessary party including subsequent assignors) or in the case of copies certified by the Seller, that such copies bear a reproduction of such signature or signatures and that the Assignment of Mortgage and any intervening assignments of mortgage complete the chain ...
Trust Receipt. Collateral Worksheet.
Trust Receipt. Each trust receipt issued by the Custodian pursuant to the Custody Agreement, evidencing the entire beneficial ownership interest in the related Mortgage Loans. Underlying Agreement: [to be provided or omitted, as applicable].
Trust Receipt. Each trust receipt issued by the Custodian pursuant to the Custody Agreement, evidencing the entire beneficial ownership interest in the related Mortgage Loans. Underlying Agreement: [to be provided or omitted, as applicable]. Underlying Payment Date: [to be provided or omitted, as applicable]. Underlying Payment Date Statement: [to be provided or omitted, as applicable]. Underlying Loans: [to be provided or omitted, as applicable]. Underlying Securities: [to be provided or omitted, as applicable]. Underlying Securities Balance: $[ ]. Underlying Servicing Fee Rate: [to be provided or omitted, as applicable]. Underlying Trust Fund: [to be provided or omitted, as applicable]. Underlying Trustee: [to be provided or omitted, as applicable]. Underwriter: [ ].
Trust Receipt. Either a Trust Receipt and Initial Certification or a Trust Receipt and Final Certification.
