Conveyance of Trust Fund Representations and Warranties Sample Clauses

Conveyance of Trust Fund Representations and Warranties. Section 2.01 Conveyance of Trust Fund.
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Conveyance of Trust Fund Representations and Warranties. Section 2.01. Conveyance of Trust Fund................................................................34 Section 2.02. Acceptance by Trustee of the Mortgage Loans.............................................37
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Conveyance of Trust Fund Representations and Warranties. Section 2.01 Conveyance of Trust Fund ....................................................................... 66 Section 2.02 Acceptance of the Mortgage Loans ............................................................... 68 Section 2.03 Representations, Warranties and Covenants of the Master Servicer and the Seller ................ 70 Section 2.04 Representations and Warranties of the Depositor ................................................ 75 Section 2.05 Delivery of Opinion of Counsel in Connection with Substitutions and Repurchases ................ 76 Section 2.06 Countersignature and Delivery of Certificates .................................................. 77
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Conveyance of Trust Fund Representations and Warranties. Section 2.01 Conveyance of Trust Fund.................................................................. Section 2.02 Acceptance of the Mortgage Loans.......................................................... Section 2.03 Representations, Warranties and Covenants of the Servicer and the Sponsor................. Section 2.04 Representations and Warranties of the Depositor........................................... Section 2.05 Delivery of Opinion of Counsel in Connection with Substitutions and Repurchases........... Section 2.06 Issuance of the REMIC I Regular Interests and the Class R Certificates.................... Section 2.07 Conveyance of the REMIC I Regular Interests; Issuance and Conveyance of the REMIC II Regular Interests......................................................................... Section 2.08 Issuance of Class R Certificates.......................................................... Section 2.09
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Conveyance of Trust Fund Representations and Warranties. Section 2.01. Conveyance of Trust Fund.....................................28 Section 2.02. Acceptance of the Mortgage Loans and the BSSP Certificates...29 Section 2.03. Representations, Warranties and Covenants of the Master Servicers and the Seller...................................31 Section 2.04. Representations and Warranties of the Depositor..............40 Section 2.05. Delivery of Opinion of Counsel in Connection with Substitutions and Repurchases..............................41 Section 2.06. Countersignature and Delivery of Certificates................42 Section 2.07. Covenants of the Master Servicers............................42 ARTICLE III. Administration and Servicing of Mortgage Loans
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Conveyance of Trust Fund Representations and Warranties. Section 2.01 Conveyance of Trust Fund. Pursuant to the Mortgage Loan Purchase Agreement, the Seller sold, transferred, assigned, set over and otherwise conveyed to the Depositor, without recourse, all the right, title and interest of the Seller in and to the assets in the Trust Fund. The Seller has entered into this Agreement in consideration for the purchase of the Mortgage Loans by the Depositor pursuant to the Mortgage Loan Purchase Agreement and has agreed to take the actions specified herein. The Depositor, concurrently with the execution and delivery hereof, hereby sells, transfers, assigns, sets over and otherwise conveys to the Trustee for the use and benefit of the Certificateholders, without recourse, all the right, title and interest of the Depositor in and to the Trust Fund. In connection with such sale, the Depositor has delivered to, and deposited with, the Trustee or the Custodian, as its agent, the following documents or instruments with respect to each Mortgage Loan so assigned: (i) the original Mortgage Note, including any riders thereto, endorsed without recourse to the order of "Xxxxx Fargo Bank, National Association, as Trustee for certificateholders of Bear Xxxxxxx Asset Backed Securities I LLC Asset Backed Certificates, Series 2004-BO1," and showing an unbroken chain of endorsements from the original payee thereof to the Person endorsing it to the Trustee, (ii) the original Mortgage and, if the related Mortgage Loan is a MOM Loan, noting the presence of the MIN and language indicating that such Mortgage Loan is a MOM Loan, which shall have been recorded (or if the original is not available, a copy), with evidence of such recording indicated thereon (or if clause (x) in the proviso below applies, shall be in recordable form), (iii) unless the Mortgage Loan is a MOM Loan, the assignment (either an original or a copy, which may be in the form of a blanket assignment if permitted in the jurisdiction in which the Mortgaged Property is located) to the Trustee of the Mortgage with respect to each Mortgage Loan in the name of "Xxxxx Fargo Bank, National Association, as Trustee for certificateholders of Bear Xxxxxxx Asset Backed Securities I LLC Asset Backed Certificates, Series 2004-BO1," in recordable form) (iv) an original or a copy of all intervening assignments of the Mortgage, if any, with evidence of recording thereon, (v) the original policy of title insurance or mortgagee's certificate of title insurance or commitment or binder for t...
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Conveyance of Trust Fund Representations and Warranties 
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Related to Conveyance of Trust Fund Representations and Warranties

  • Representations and Warranties of Owner Trustee The Owner Trustee hereby represents and warrants to the Depositor, for the benefit of the Certificateholders, that:

  • Additional Representations and Warranties of the Seller (a) The Seller shall be deemed to represent to the Purchaser and to any Depositor, as of the date on which information is first provided to the Purchaser or any Depositor under Subsection 34.03 that, except as disclosed in writing to the Purchaser or such Depositor prior to such date: (i) the Seller is not aware and has not received notice that any default, early amortization or other performance triggering event has occurred as to any other securitization due to any act or failure to act of the Seller; (ii) the Interim Servicer has not been terminated as servicer in a residential mortgage loan securitization, either due to a servicing default or to application of a servicing performance test or trigger; (iii) no material noncompliance with the applicable servicing criteria with respect to other securitizations of residential mortgage loans involving the Interim Servicer as servicer has been disclosed or reported by the Seller; (iv) no material changes to the Interim Servicer's policies or procedures with respect to the servicing function it will perform under the Interim Servicing Agreement and any Reconstitution Agreement for mortgage loans of a type similar to the Mortgage Loans have occurred during the three-year period immediately preceding the related Securitization Transaction; (v) there are no aspects of the Interim Servicer's financial condition that could have a material adverse effect on the performance by the Interim Servicer of its servicing obligations under the Interim Servicing Agreement or any Reconstitution Agreement; (vi) there are no material legal or governmental proceedings pending (or known to be contemplated) against the Seller, Interim Servicer, any Subservicer or any Third-Party Originator; and (vii) there are no affiliations, relationships or transactions relating to the Seller, Interim Servicer, any Subservicer or any Third-Party Originator with respect to any Securitization Transaction and any party thereto identified by the related Depositor of a type described in Item 1119 of Regulation AB.

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