Common use of Covenants of the Sponsor Clause in Contracts

Covenants of the Sponsor. Section 3.1 Fxxxxxx Mac Closing Fee and Closing Expenses; Other Closing Costs and Initial Deposits 32 Section 3.2 Reimbursement of Credit Advances 32 Section 3.3 Scheduled Payments and Deposits 32 Section 3.4 Reimbursement of Liquidity Advances 33 Section 3.5 Payment of Costs, Fees and Expenses 33 Section 3.6 Application and Timing of Payments 35 Section 3.7 [Reserved] 36 Section 3.8 Payment of Prepayment/Substitution Premium 36 Section 3.9 Substitution of Credit Enhancement or Liquidity Facility 37 Section 3.10 Additional Provisions Regarding Prepayment/Substitution Premium 37 Section 3.11 Remarketing Agent for the Class A Certificates 37 Section 3.12 Indemnification 37 Section 3.13 Fxxxxxx Mac Not Liable 38 Section 3.14 Pledged Class A Certificates and Class B Certificates 39 Section 3.15 Other Covenants of Sponsor 39 Section 3.16 Liability of the Sponsor 40 Section 3.17 Waivers and Consents 41 Section 3.18 Subrogation 41 Section 3.19 Substitution 41 Section 3.20 Release Event Upon Sale of Pre-Selected Mortgaged Property 44 Section 3.21 Optional Series Pool Release Date 45 Section 3.22 Rights of Sponsor Upon Fxxxxxx Mac Downgrade 45

Covenants of the Sponsor. Section 3.1 Fxxxxxx Xxxxxxx Mac Closing Fee and Closing Expenses; Other Closing Costs and Initial Deposits 32 Section 3.2 Reimbursement of Credit Advances 32 Section 3.3 Scheduled Payments and Deposits 32 33 Section 3.4 Reimbursement of Liquidity Advances 33 Section 3.5 Payment of Costs, Fees and Expenses 33 34 Section 3.6 Application and Timing of Payments 35 36 Section 3.7 [Reserved] 36 Section 3.8 Payment of Prepayment/Substitution Premium 36 Section 3.9 Substitution of Credit Enhancement or Liquidity Facility 37 Section 3.10 Additional Provisions Regarding Prepayment/Substitution Premium 37 Section 3.11 Remarketing Agent for the Class A Certificates 37 38 Section 3.12 Indemnification 37 38 Section 3.13 Fxxxxxx Xxxxxxx Mac Not Liable 38 Section 3.14 Pledged Class A Certificates and Class B Certificates 39 Section 3.15 Other Covenants of Sponsor 39 Section 3.16 Liability of the Sponsor 40 Section 3.17 Waivers and Consents 41 Section 3.18 Subrogation 41 Section 3.19 Substitution 41 42 Section 3.20 Xxxxxxx Mac Liquidity Pricing Term 45 Section 3.21 Optional Series Pool Release Date 46 Section 3.22 Rights of Sponsor Upon Xxxxxxx Mac Downgrade 46 Section 3.23 Release Event Upon Bond Event of Default 47 Section 3.24 Loans by Guarantor or Its Affiliates 47 Section 3.25 Credit Advances; Real Estate Taxes 47 Section 3.26 Substitution Upon Sale of Pre-Selected Mortgaged Property 44 Section 3.21 Optional Series Pool Release Date 45 Section 3.22 Rights of Sponsor Upon Fxxxxxx Mac Downgrade 4548

Covenants of the Sponsor. Section 3.1 Fxxxxxx Xxxxxxx Mac Closing Fee and Closing Expenses; Other Closing Costs and Initial Deposits 32 31 Section 3.2 Reimbursement of Credit Advances 32 Section 3.3 Scheduled Payments and Deposits 32 Section 3.4 Reimbursement of Liquidity Advances 33 Section 3.5 Payment of Costs, Fees and Expenses 33 Section 3.6 Application and Timing of Payments 35 Section 3.7 [Reserved] 36 35 Section 3.8 Payment of Prepayment/Substitution Premium 36 35 Section 3.9 Substitution of Credit Enhancement or Liquidity Facility 37 36 Section 3.10 Additional Provisions Regarding Prepayment/Substitution Premium 37 36 Section 3.11 Remarketing Agent for the Class A Certificates 37 Section 3.12 Indemnification 37 Section 3.13 Fxxxxxx Xxxxxxx Mac Not Liable 38 Section 3.14 Pledged Class A Certificates and Class B Certificates 39 38 Section 3.15 Other Covenants of Sponsor 39 38 Section 3.16 Liability of the Sponsor 40 39 Section 3.17 Waivers and Consents 41 40 Section 3.18 Subrogation 41 Section 3.19 Substitution 41 Section 3.20 Xxxxxxx Mac Liquidity Pricing Term. 44 Section 3.21 Optional Series Pool Release Date. 45 Section 3.22 Rights of Sponsor Upon Xxxxxxx Mac Downgrade 45 Section 3.23 Release Event Upon Bond Event of Default 46 Section 3.24 Loans by Guarantor or Its Affiliates 46 Section 3.25 Credit Advances; Real Estate Taxes 46 Section 3.26 Substitution Upon Sale of Pre-Selected Mortgaged Property 44 Section 3.21 Optional Series Pool Release Date 45 Section 3.22 Rights of Sponsor Upon Fxxxxxx Mac Downgrade 4547

Covenants of the Sponsor. Section 3.1 Fxxxxxx Xxxxxxx Mac Closing Fee and Closing Expenses; Other Closing Costs and Initial Deposits 32 31 Section 3.2 Reimbursement of Credit Advances 32 31 Section 3.3 Scheduled Payments and Deposits 32 31 Section 3.4 Reimbursement of Liquidity Advances 33 [Reserved] 31 Section 3.5 Payment of Costs, Fees and Expenses 33 32 Section 3.6 Application and Timing of Payments 35 33 Section 3.7 [Reserved] 36 34 Section 3.8 Payment of Prepayment/Substitution Premium 36 34 Section 3.9 Substitution of Credit Enhancement or Liquidity Facility 37 35 Section 3.10 Additional Provisions Regarding Prepayment/Substitution Premium 37 35 Section 3.11 Remarketing Agent for the Class A Certificates 37 [Reserved] 35 Section 3.12 Indemnification 37 35 Section 3.13 Fxxxxxx Xxxxxxx Mac Not Liable 38 36 Section 3.14 Pledged Class A Certificates and Class B Certificates 39 [Reserved] 36 Section 3.15 Other Covenants of Sponsor 39 36 Section 3.16 Liability of the Sponsor 40 38 Section 3.17 Waivers and Consents 41 38 Section 3.18 Subrogation 41 39 Section 3.19 Substitution 41 39 Section 3.20 [Reserved]. 42 Section 3.21 Optional Series Termination Date.. 42 Section 3.22 CRA Credit 42 Section 3.23 Release Event Upon Bond Event of Default 42 Section 3.24 Loans by Guarantor or Its Affiliates 43 Section 3.25 Credit Advances; Real Estate Taxes 43 Section 3.26 Substitution Upon Sale of Pre-Selected Mortgaged Property 43 Section 3.27 [Reserved] 44 Section 3.21 Optional Series Pool Release Date 45 Section 3.22 Rights of Sponsor Upon Fxxxxxx Mac Downgrade 453.28 Common Owner Mortgaged Properties 44