6.4 (a) the newest representations and you may guarantees of the Provider within Agreement and you can Part step 3.1(a) of one’s Home mortgage Pick Contract was true and you may proper for the all the matter areas.

(b) the vendor will have, in every material areas, complied using the preparations and you will fulfilled all the requirements towards the the area to be performed otherwise found hereunder and you can less than each other Purchase File during the or before the Closure Go out; and you will

The course B4 Notes shall was rated at least ?BBB-? because of the S&P

(c) zero experience shall keeps taken place that, having see or passing of time, create compose a default around the Exchange Records to which the Supplier try a party.

Owner should features taken to your a certificate, old this new Closure Go out, of your President, an elderly Vice-president or perhaps the Captain Financial Manager of your own Team towards perception that each and every standing set forth for the conditions (a), (b) and you can (c) over has actually, on the best of their unique degree just after reasonable analysis, come met.

six.5 You shall have received this new feedback off Hunton & Williams LLP, guidance toward Team together with Subservicer, old the brand new Closing Big date and considerably toward impression set forth during the Showcase An excellent-step one and you will Display An excellent-2, a letter away from Hunton & Williams LLP, the recommendations to your Team, dated the fresh new Closing Big date and you can dramatically towards the feeling established into the Showcase A good-step three, and a viewpoint away from when you look at the-household counsel towards Vendor, dated the Closure Day and you can drastically towards perception set forth during the Showcase Good-cuatro.

The course B1 Cards should was indeed rated no less than ?BBB+? by the S&P and you can ?Baal? of the Cranky?s

6.6 You shall have obtained new viewpoint of Kennedy Covington Lobdell & Hickman LLP, the recommendations toward Learn Servicer and you may Securities Manager, old the latest Closure Date and you will significantly for the feeling established during the Display B-l.

six.7 Youll have received the latest opinion away from McKee Nelson LLP, guidance towards Servicer, dated brand new Closing Day and you may considerably into the perception set forth for the Exhibit B-dos.

6.8 You shall have received the newest view from McKee Nelson LLP, counsel on Underwriters, old the brand new Closing Date fit and you may substance high enough into the Underwriters.

six.nine For each and every Underwriter should have received from Deloitte & Touche LLP, formal public accounting firms, a page, old the new day hereof and you will high enough fit and you can compound so you’re able to such as for example Underwriter and such Underwriter?s guidance, into perception they’ve did specific given measures, that have been agreed to from the for example Underwriter, down seriously to which they figured certain guidance out-of a bookkeeping, economic otherwise statistical characteristics, established throughout the Prospectus Enhance beneath the captions ?The loan Pool,? ?Malfunction of one’s Notes,? ?Produce Factors? and you may ?Readiness and you may Prepayment Factors,? agrees with brand new suggestions of Company additionally the Supplier or one guidance agreed to Deloitte & Touche LLP by the otherwise on behalf of the business, leaving out any questions off court interpretation.

6.10 The category A notes should were rated ?AAA? of the Standard & Poor?s, a division of your own McGraw-Mountain Businesses, Inc. (?S&P?) and you will ?Aaa? by Moody?s Buyers Provider, Inc. (?Moody?s?). The class M2 Cards should was basically rated at least ?AA? of the S&P and ?Aa2? by Irritable?s. The class M3 Cards will had been ranked at the very least ?AA-? from the S&P and you will ?Aa3? from the Cranky?s. The class M4 Notes should was in fact ranked about ?A+? from the S&P and you may ?A1? of the Irritable?s. The category M5 Notes shall was basically ranked at least ?A? by the S&P and you may ?A2? from the Irritable?s. The category M6 Notes will was in fact ranked no less than ?A3? of the S&P and you may Portland personal loans?A-? because of the Cranky?s. The course B2 Cards shall were ranked at least ?BBB? because of the S&P and you can ?Baa2? by the Irritable?s. The category B3 Cards should have been ranked at the very least ?BBB-? by the S&P and ?Baa3? from the Cranky?s.