Common use of Origination and Underwriting Clause in Contracts

Origination and Underwriting. The origination practices of the Seller, or any Affiliate of Seller (or, to Seller’s Knowledge, the related originator if the Seller or an Affiliate of Seller was not the originator), with respect to each Mortgage Loan have been, in all material respects, legal and as of the date of its origination, such Mortgage Loan and the origination thereof complied in all material respects with, or was exempt from, all requirements of federal, state or local law relating to the origination of such Mortgage Loan; provided that such representation and warranty does not address or otherwise cover any matters with respect to federal, state or local law otherwise covered in this Exhibit X.

Appears in 2 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (Colony NorthStar Credit Real Estate, Inc.)

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Origination and Underwriting. The origination practices of the Seller, or any Affiliate of Seller (or, or to Seller’s Knowledge, Actual Knowledge the related originator if the Seller or an Affiliate of Seller was not the originator), ) with respect to each Mortgage Purchased Loan have been, in all material respects, legal in material compliance with applicable law and as of the date of its origination, such Mortgage Purchased Loan (or the related Whole Loan, as applicable) and to the extent originated by Seller or its Affiliates or, if originated by another Person, to Seller’s Actual Knowledge, the origination thereof complied in all material respects with, or was exempt from, all requirements of federal, state or local law relating to the origination of such Mortgage Purchased Loan; provided that such representation and warranty does not address or otherwise cover any matters with respect to federal, state or local law otherwise covered in this Exhibit X.VI.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.), Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.)

Origination and Underwriting. The origination practices of the Seller, or any Affiliate of Seller (or, to Seller’s Knowledge, the related originator if the Seller or an Affiliate of Seller was not the originator), ) with respect to each Mortgage Purchased Loan have been, in all material respects, legal in compliance with applicable law and as of the date of its origination, such Mortgage Purchased Loan and to the extent originated by Seller or its Affiliates or, if originated by another Person, to Seller’s Knowledge, the origination thereof complied in all material respects with, or was exempt from, all requirements of federal, state or local law relating to the origination of such Mortgage Purchased Loan; provided that such representation and warranty does not address or otherwise cover any matters with respect to federal, state or local law otherwise covered in this Exhibit X.V.

Appears in 2 contracts

Samples: Master Repurchase Agreement, Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.)

Origination and Underwriting. The origination practices of the Seller, or any Affiliate of Seller (or, to Seller’s Knowledge, the related originator if the Seller or an Affiliate of Seller was not the originator), ) with respect to each such Mortgage Loan have been, in all material respects, legal and as of the date of its origination, such Mortgage Loan and the origination thereof (to Seller’s Knowledge, if Seller or an Affiliate was not the originator) complied in all material respects with, or was exempt from, all requirements of federal, state or local law relating to the origination of such Mortgage Loan; provided that such representation and warranty does not address or otherwise cover any matters with respect to federal, state or local law otherwise covered in this Exhibit X.V-A.

Appears in 1 contract

Samples: Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.)

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Origination and Underwriting. The origination practices of the Seller, or any Affiliate of Seller (or, to Seller’s Knowledge, the related originator if the Seller or an Affiliate of Seller was not the originator), with respect to each Mortgage such Senior Loan have been, in all material respects, legal in material compliance with applicable law and as of the date of its origination, such Mortgage Senior Loan and to the extent originated by Seller or its Affiliates or, if originated by another Person, to Seller’s Knowledge, the origination thereof complied in all material respects with, or was exempt from, all requirements of federal, state or local law relating to the origination of such Mortgage Senior Loan; provided provided, that such representation and warranty does not address or otherwise cover any matters with respect to federal, state or local law otherwise covered in this Exhibit X.Part 1.

Appears in 1 contract

Samples: Bailee Agreement (Blackstone Mortgage Trust, Inc.)

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