Common use of Obligations of the Custodian Clause in Contracts

Obligations of the Custodian. (a) The Custodian shall maintain continuous custody of all items constituting the Loan Files in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of the Buyer therein. Each Loan File shall be maintained in fire resistant facilities.

Appears in 1 contract

Samples: Custodial Agreement (MortgageIT Holdings, Inc.)

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Obligations of the Custodian. (a) The Custodian shall maintain continuous custody of all items constituting the Loan Mortgage Files in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of the Buyer Lender Agent therein. Each Loan File Mortgage Note (and Assignment of Mortgage) shall be maintained in fire resistant facilities.

Appears in 1 contract

Samples: Custodial Agreement (American Home Mortgage Investment Corp)

Obligations of the Custodian. (a) The Custodian shall maintain continuous custody of all items constituting the Loan Mortgage Files in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of the Buyer Lender therein. Each Loan File Mortgage Note (and Assignment of Mortgage) shall be maintained in fire resistant fireproof facilities.

Appears in 1 contract

Samples: Custodial Agreement (Allied Capital Corp)

Obligations of the Custodian. (a) The Custodian shall maintain continuous custody of all items constituting the Loan Mortgage Files in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of the Buyer therein. Each Loan File Mortgage Note (and Assignment of Mortgage) shall be maintained in fire resistant facilities.

Appears in 1 contract

Samples: Custodial Agreement (New York Mortgage Trust Inc)

Obligations of the Custodian. (a) The Custodian shall maintain continuous custody of all items constituting the Loan Mortgage Files in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of the Buyer Buyers therein. Each Loan File Mortgage Note (and Assignment of Mortgage) shall be maintained in fire resistant facilities.

Appears in 1 contract

Samples: Custodial Agreement (New York Mortgage Trust Inc)

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Obligations of the Custodian. (a) The Custodian shall maintain continuous custody of all items constituting the Loan Mortgage Files in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of the Buyer Buyers therein. Each Loan File Mortgage Note (and Assignment of Mortgage) shall be maintained in fire resistant facilities.

Appears in 1 contract

Samples: Custodial Agreement (American Home Mortgage Investment Corp)

Obligations of the Custodian. (a) The Custodian shall maintain continuous custody of all items constituting the Loan Mortgage Files in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of the Buyer Agent therein. Each Loan File Mortgage Note (and related assignment of mortgage) shall be maintained in fire resistant fireproof facilities.

Appears in 1 contract

Samples: Credit and Security Agreement (Cityscape Financial Corp)

Obligations of the Custodian. (a) The Custodian shall maintain continuous custody of all items constituting the Loan Files in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of the Buyer therein. Each Loan File Note (and Assignment of Mortgage) and Transaction Notice shall be maintained in fire resistant facilities.

Appears in 1 contract

Samples: Custodial Agreement (American Business Financial Services Inc /De/)

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