Common use of Custodians Clause in Contracts

Custodians. In lieu of taking possession of the Trustee Mortgage Loan Files and reviewing such files itself, the Trustee may, in accordance with Section 8.11 hereof, appoint one or more Custodians on behalf of the Trust to hold the Trustee Mortgage Loan Files for a Series on its behalf and to review them as provided in this Section 2.03. The Company shall, upon notice of the appointment of a Custodian, deliver or cause to be delivered all documents to the Custodian that would otherwise be deliverable to the Trustee. In such event, the Trustee shall obtain from each such Custodian, within the specified times, the Initial and Final Certifications and the Recordation Reports with respect to those Mortgage Loans held and reviewed by such Custodian and may deliver such Certifications and Reports to the Company and the Servicer in satisfaction of the Trustee's obligation to prepare such Certification and Reports. The Trustee shall notify the Custodian of any notices delivered to the Trustee with respect to those Trustee Mortgage Loan Files.

Custodians. In lieu of taking possession of the Trustee Mortgage Loan Files and reviewing such files itself, the Trustee may, in accordance with Section 8.11 hereof, appoint one or more Custodians on behalf of the Trust to hold the Trustee Mortgage Loan Files for a Series on its behalf and to review them as provided in this Section 2.03. The Company OMI shall, upon notice of the appointment of a Custodian, deliver or cause to be delivered all documents to the Custodian that would otherwise be deliverable to the Trustee. In such event, the Trustee shall obtain from each such Custodian, within the specified times, the Initial and Final Certifications and the Recordation Reports with respect to those Mortgage Loans held and reviewed by such Custodian and may deliver such Certifications and Reports to the Company OMI and the Servicer in satisfaction of the Trustee's obligation to prepare such Certification and Reports. The Trustee shall notify the Custodian of any notices delivered to the Trustee with respect to those Trustee Mortgage Loan Files.

Custodians. In lieu of taking possession of the Trustee Mortgage Loan Files and reviewing such files itself, the Trustee may, in accordance with Section 8.11 hereof, appoint one or more Custodians on behalf of the Trust to hold the Trustee Mortgage Loan Files for a Series on its behalf and to review them as provided in this Section 2.03. The Company shall, upon notice of the appointment of a Custodian, deliver or cause to be delivered all documents to the Custodian that would otherwise be deliverable to the Trustee. In such event, the Trustee shall obtain from each such Custodian, within the specified times, the Initial and Final Certifications and the Recordation Reports with respect to those Mortgage Loans held and reviewed by such Custodian and may deliver such Certifications and Reports to the Company and the Servicer in satisfaction of the Trustee's obligation to prepare such Certification and Reports. The Trustee shall notify the Custodian of any notices delivered to the Trustee with respect to those Trustee Mortgage Loan Files.

Custodians. In lieu of taking possession of the Trustee Mortgage Loan Files and reviewing such files itself, the Trustee may, in accordance with Section 8.11 hereof, appoint one or more Custodians on behalf of the Trust to hold the Trustee Mortgage Loan Files for a Series on its behalf and to review them as provided in this Section 2.03. The Company shall, upon notice of the appointment of a Custodian, deliver or cause to be delivered all documents to the Custodian that would otherwise be deliverable to the Trustee. In such event, the Trustee shall obtain from each such Custodian, within the specified times, -36- 42 the Initial and Final Certifications and the Recordation Reports with respect to those Mortgage Loans held and reviewed by such Custodian and may deliver such Certifications and Reports to the Company and the Servicer in satisfaction of the Trustee's obligation to prepare such Certification and Reports. The Trustee shall notify the Custodian of any notices delivered to the Trustee with respect to those Trustee Mortgage Loan Files.

Custodians. In lieu of taking possession of the Trustee Mortgage Loan Files and reviewing such files itself, the Trustee may, in accordance with Section 8.11 hereof, appoint one or more Custodians on behalf of the Trust to hold the Trustee Mortgage Loan Files for a Series on its behalf and to review them as provided in this Section 2.032.02. The Company Depositor shall, upon notice of the appointment of a Custodian, deliver or cause to be delivered all documents to the Custodian that would otherwise be deliverable to the Trustee. In such event, the Trustee shall obtain from each such Custodian, within the specified times, the Initial and Final Certifications and the Recordation Reports with respect to those Mortgage Loans held and reviewed by such Custodian and may deliver such Certifications and Reports to the Company Depositor and the Master Servicer in satisfaction of the Trustee's obligation to prepare such Certification and Reports. The Trustee shall notify the Custodian of any notices delivered to the Trustee with respect to those Trustee Mortgage Loan Files.