Common use of Issue Supplement Clause in Contracts

Issue Supplement. An Issue Supplement documents the establishment of a particular Trust and relates to a Series of Certificates representing the entire beneficial ownership interests in the related Trust Fund. The Issuer will prepare and maintain for each such Series a Mortgage-Backed Security Schedule identifying the Mortgage-Backed Securities to be deposited in a particular Trust, which may be in an electronic format and if in electronic format will be deemed attached to the 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 that conclusively identify the related Mortgage- Backed Securities as being part of the Trust Fund will be deemed to be an Issue Supplement for purposes of documenting the establishment of the related Trust.