Common use of Review of Documentation Clause in Contracts

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the trustee, JPMorgan Chase Bank (the "Trustee") for the Mortgage Loans for the Depositor. The Trustee is required to review, within 60 days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee finds any document or documents constituting a part of a Mortgage File to be missing or defective (that is, mutilated, damaged, defaced or unexecuted) in any material respect, the Seller shall be obligated to cure such defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Replacement Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under the Pooling Agreement.

Appears in 8 contracts

Samples: Assignment Agreement (Merrill Lynch Mort Inv Inc Mort Ln as Bk Ce Ser 2003 Bc4), Assignment Agreement (Specialty Underwriting & Residental Finance Trust, Series 2004-Aa1), Assignment Agreement (Merrill Lynch Mortgage Investors Inc)

AutoNDA by SimpleDocs

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the trustee, JPMorgan Chase U.S. Bank National Association (the "Trustee") for the Mortgage Loans for the Depositor. The Trustee is required to review, within 60 days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee finds any document or documents constituting a part of a Mortgage File to be missing or defective (that is, mutilated, damaged, defaced or unexecuted) in any material respect, the Seller shall be obligated to cure such defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Replacement Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under the Pooling Agreement.

Appears in 4 contracts

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2007-Ab1), Assignment Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Ab1), Assignment Agreement (Specialty Underwriting & Residential Finance Trust Series 2006-Ab3)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the trustee, JPMorgan Chase Bank Bank, N.A. (the "Trustee") for the Mortgage Loans for the Depositor. The Trustee is required to review, within 60 days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee finds any document or documents constituting a part of a Mortgage File to be missing or defective (that is, mutilated, damaged, defaced or unexecuted) in any material respect, the Seller shall be obligated to cure such defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Replacement Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under the Pooling Agreement.

Appears in 4 contracts

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2005-Ab3), Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2004-Bc4), Assignment Agreement (Merrill Lynch Mortgage Investors, Inc. Series 2005-Bc1)

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the trustee, JPMorgan Chase U.S. Bank National Association (the "Trustee") for the Mortgage Loans for the Depositor. The Trustee is required to review, within 60 sixty (60) days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee finds any document or documents constituting a part of a Mortgage File to be missing or defective (that is, mutilated, damaged, defaced or unexecuted) in any material respect, the Seller shall be obligated to cure such defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Replacement Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under the Pooling Agreement.

Appears in 4 contracts

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2006-Bc3), Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2006-Bc2), Assignment Agreement (Merrill Lynch Mortgage Investors Inc)

AutoNDA by SimpleDocs

Review of Documentation. The Depositor, by execution and delivery hereof, acknowledges receipt of the Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the trustee, JPMorgan Chase U.S. Bank National Association (the "Trustee") ), for the Mortgage Loans for the Depositor. The Trustee is required to review, within 60 sixty (60) days following the Closing Date, each applicable Mortgage File. If in the course of such review the Trustee finds any document or documents constituting a part of a Mortgage File to be missing or defective (that is, mutilated, damaged, defaced or unexecuted) in any material respect, the Seller shall be obligated to cure such defect or to repurchase the related Mortgage Loan from the Depositor (or, at the direction of and on behalf of the Depositor, from the Trust Fund), or to substitute a Replacement Mortgage Loan therefor, in each case to the same extent and in the same manner as the Depositor is obligated to the Trustee and the Trust Fund under the Pooling Agreement.

Appears in 3 contracts

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2007-Bc2), Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2006-Bc5), Assignment Agreement (SURF Mortgage Loan Asset-Backed Certificates, Series 2007-Bc1)

Time is Money Join Law Insider Premium to draft better contracts faster.