Limited Representations or Warranties of the Owner Trustee Sample Clauses

Limited Representations or Warranties of the Owner Trustee. Neither the [Bank] nor the Owner Trustee makes (i) any representation or warranty, either express or implied, as to the title to or value of the Mortgage Loans, and (ii) any representation or warranty as to the validity or enforceability of any Operative Agreement except as set forth below or as to the accuracy of any statement made by a Person other than the [Bank] or the Owner Trustee contained in any Operative Agreement. The [Bank] represents, warrants and covenants to and for the benefit of the Depositor, the Indenture Trustee (for the benefit of the Bondholders) and the Certificateholders that: (a) The [Bank] is a banking corporation, duly organized, validly existing and in good standing under the laws of the state of __________________; (b) The execution and delivery by the [Bank], and the performance and compliance by the [Bank] with the terms of, this Deposit Trust Agreement and any and all documents to be executed or delivered by the [Bank] in its individual capacity in connection with this Deposit Trust Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Deposit Trust Agreement and such other documents executed in connection herewith to which the [Bank] is a party, will not violate any provisions of the [Bank's] charter or bylaws, and no consent, approval, authorization or order of or filing with or notice to any court or governmental agency or body is required for the execution, delivery or performance by the [Bank] of this Deposit Trust Agreement; (c) The [Bank], in its individual capacity, has full power and authority and has taken all action necessary to execute and deliver this Deposit Trust Agreement and any and all documents to be executed or delivered by it in its individual capacity in connection with this Deposit Trust Agreement and to fulfill its obligations under, and to consummate the transactions contemplated by, this Deposit Trust Agreement and such other documents executed in connection herewith to which it is a party, and this Deposit Trust Agreement and such other documents executed in connection herewith to which it is a party are the legal, valid and binding obligations of the [Bank], in its individual capacity, enforceable against the [Bank] in accordance with their respective terms, except as such terms may be limited by bankruptcy, insolvency, receivership, reorganization, moratorium or other similar laws affecting the rights of creditors generally and by general principl...