Common use of Initial Certification Clause in Contracts

Initial Certification. The Trustee shall, for the benefit of the Certificateholders for any Series, review each related Trustee Mortgage Loan File prior to the related Closing Date to ascertain that all documents required to be included in the Trustee Mortgage Loan File are included therein, and shall deliver to the Company and the Servicer on such Closing Date an Initial Certification with respect to each underlying Mortgage Loan (except any Mortgage Loan that has been liquidated or purchased from the related Trust prior to such Closing Date) to the effect that, except as specifically noted on a schedule of exceptions thereto, (A) all documents required to be contained in the Trustee Mortgage Loan File are in its possession, (B) such documents have been reviewed by it and appear regular on their face and relate to such Mortgage Loan, and (C) based on its examination and only as to the foregoing documents, the information set forth on the related Mortgage Loan Schedule accurately reflects information set forth in the Trustee Mortgage Loan File. It is understood that before making the Initial Certification for any Series, the Trustee shall examine the related Mortgage Loan Documents to confirm that:

Initial Certification. The Trustee shall, for the benefit of the Certificateholders for any Series, review each related Trustee Mortgage Loan File prior to the related Closing Date to ascertain that all documents required to be included in the Trustee Mortgage Loan File are included therein, and shall deliver to the Company OMI and the Servicer on such Closing Date an Initial Certification with respect to each underlying Mortgage Loan (except any Mortgage Loan that has been liquidated or purchased from the related Trust prior to such Closing Date) to the effect that, except as specifically noted on a schedule of exceptions thereto, (A) all documents required to be contained in the Trustee Mortgage Loan File are in its possession, (B) such documents have been reviewed by it and appear regular on their face and relate to such Mortgage Loan, and (C) based on its examination and only as to the foregoing documents, the information set forth on the related Mortgage Loan Schedule accurately reflects information set forth in the Trustee Mortgage Loan File. It is understood that before making the Initial Certification for any Series, the Trustee shall examine the related Mortgage Loan Documents to confirm that:

Initial Certification. The Trustee shall, for the benefit of the Certificateholders for any Series, review each related Trustee Mortgage Loan File prior to the related Closing Date to ascertain that all documents required to be included in the Trustee Mortgage Loan File are included therein, and shall deliver to the Company Depositor and the Master Servicer on such Closing Date an Initial Certification with respect to each underlying Mortgage Loan (except any Mortgage Loan that has been liquidated or purchased from the related Trust prior to such Closing Date) to the effect that, except as specifically noted on a schedule of exceptions thereto, (A) all documents required to be contained in the Trustee Mortgage Loan File are in its possession, (B) such documents have been reviewed by it and appear regular on their face and relate to such Mortgage Loan, and (C) based on its examination and only as to the foregoing documents, the information set forth on the related Mortgage Loan Schedule accurately reflects information set forth in the Trustee Mortgage Loan File. It is understood that before making the Initial Certification for any Series, the Trustee shall examine the related Mortgage Loan Documents to confirm that: