Common use of Agency Certification Clause in Contracts

Agency Certification. With respect to each Mortgage Loan, it is the Seller’s responsibility to obtain all required Mortgage Loan documents necessary to obtain the Agency certification and/or recertification, as applicable, for each Mortgage Loan. Seller is responsible for any actual out-of-pocket costs that may be incurred by the Purchaser as a result of the Seller’s failure to obtain Mortgage Loan documents required for such Agency certification and/or recertification, as applicable, pursuant to Agency Guidelines, unless the Purchaser or the Purchaser’s Custodian directly causes such failure. All Mortgage Loans have obtained Agency certification, and the Seller has provided sufficient Mortgage Loan Documents to allow each Mortgage Loan to obtain Agency recertification.