Common use of Acceptance by Trustee of the Trust Fund; Certain Substitutions; Certification by Trustee Clause in Contracts

Acceptance by Trustee of the Trust Fund; Certain Substitutions; Certification by Trustee. (a) The Multi-Party Agreement provides for the FTA to deliver an acknowledgment of receipt of each SBA Note in accordance with the terms and conditions of the Multi-Party Agreement. The Trustee agrees, for the benefit of the SBA and the Certificateholders, to review each Trustee's Document File (with the exception of the SBA Notes held by the FTA) within 90 days after the Closing Date or Subsequent Transfer Date, as the case may be (or, with respect to any Qualified Substitute SBA Loan, within 45 days after the assignment thereof), and to deliver to the Certificateholders, the Sellers, the Servicer and the SBA a certification in the form attached hereto as Exhibit F-1. Within 360 days after the Closing Date (or, with respect to any Qualified Substitute SBA Loan, within 360 days after the assignment thereof), the Trustee shall deliver to the Sellers, the Servicer, the SBA, the Rating Agencies and any Certificateholder who requests a copy from the Trustee a final certification in the form attached hereto as Exhibit F-2 evidencing the completeness of the Trustee's Document Files.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (First International Bancorp Inc), Pooling and Servicing Agreement (First International Bancorp Inc)

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