Common use of Issue Supplement Clause in Contracts

Issue Supplement. An Issue Supplement documents the establishment of a particular Trust and relates to an issue of Certificates representing the beneficial ownership interests in the related Trust Fund. Each Issue Supplement will relate to a specific Pool of one or more Mortgage Loans and the Certificates representing the beneficial ownership interests in the related Trust Fund. The Issuer will identify the related Mortgage Loans on a Mortgage Loan Schedule attached to or otherwise made part of the related Issue Supplement. If for any reason the creation of an Issue Supplement is delayed, the Issuer will create one as soon as practicable, and such delay will not affect the validity or existence of the Trust or the related Certificates. Any one or more physical or electronic documents or records (signed or unsigned) made in the ordinary course of identifying Mortgage Loans as being in a Pool that conclusively identify the Mortgage Loans within a Pool and the relevant Pass-Through Rate or Spread Rate will be deemed to be an Issue Supplement for purposes of documenting the establishment of a Trust. Delivery of one or more Certificates of the related Trust together with information, physical or electronic documents or records (signed or unsigned) in the Books and Records identifying the Mortgage Loans in a Pool will constitute the issuance of Certificates, and the collective information so delivered will be deemed to be an Issue Supplement for purposes of documenting the establishment of a Trust.

Issue Supplement. An Issue Supplement documents the establishment of a a‌ particular Trust and relates to an issue of Certificates representing the beneficial ownership interests in the related Trust Fund. Each Issue Supplement will relate to a specific Pool of one or more Mortgage Loans and the Certificates representing the beneficial ownership interests in the related Trust Fund. The Issuer will identify the related Mortgage Loans on a Mortgage Loan Schedule attached to or otherwise made part of the related Issue Supplement. If for any reason the creation of an Issue Supplement is delayed, the Issuer will create one as soon as practicable, and such delay will not affect the validity or existence of the Trust or the related Certificates. Any one or more physical or electronic documents or records (signed or unsigned) made in the ordinary course of identifying Mortgage Loans as being in a Pool that conclusively identify the Mortgage Loans within a Pool and the relevant Pass-Through Rate or Spread Net Interest Rate will be deemed to be an Issue Supplement for purposes of documenting the establishment of a Trust. Delivery of one or more Certificates of the related Trust together with information, physical or electronic documents or records (signed or unsigned) in the Books and Records identifying the Mortgage Loans in a Pool will constitute the issuance of Certificates, and the collective information so delivered will be deemed to be an Issue Supplement for purposes of documenting the establishment of a Trust.