Common use of Asset Schedule Clause in Contracts

Asset Schedule. Seller shall at all times maintain a current list (which may be stored in electronic form) of all Assets and Excluded Assets. Seller shall deliver to Buyer (and ▇▇▇▇▇▇ ▇▇▇, promptly upon request) on each Determination Date for any MRA Payment Date, a cumulative Asset Schedule as of the last Business Day of the preceding week which, when so delivered, shall replace the current Asset Schedule, together with an updated copy of Schedule I to each Participation Certificate (which may reflect the removal of Mortgage Loans and/or Mortgage Pools from the Portfolio in connection with a Permitted Disposition, or to otherwise indicate that the applicable Mortgage Pools are Excluded Mortgage Pools and the related servicing rights are Excluded MSRs). As of each date an updated Asset Schedule and Schedule I to each Participation Certificate are delivered in accordance with this Section 6.04, Seller hereby certifies, represents and warrants to Buyer that each such updated Asset Schedule and Schedule I to each Participation Certificate are true, complete and correct in all material respects.