Common use of No Exception Clause in Contracts

No Exception. Custodian has not noted any material exceptions on a Seller Asset Schedule and Exception Report (as defined in the Custodial and Disbursement Agreement) with respect to the Mortgage Loan which would materially and adversely affect the Mortgage Loan or Buyer's ownership of the Mortgage Loan, unless consented to by Buyer;

Appears in 2 contracts

Sources: Master Repurchase Agreement (American Home Mortgage Holdings Inc), Master Repurchase Agreement (Oak Street Financial Services Inc)

No Exception. Custodian has not noted any material exceptions on a Seller Asset Schedule and Exception Report (as defined in the Custodial and Disbursement Agreement) with respect to the Mortgage Loan which would materially and adversely affect the Mortgage Loan or Buyer's ’s ownership of the Mortgage Loan, unless consented to by Buyer;

Appears in 2 contracts

Sources: Master Repurchase Agreement (ECC Capital CORP), Master Repurchase Agreement (ECC Capital CORP)

No Exception. Custodian has not noted any material exceptions on a Seller Asset Schedule and Exception Report (as defined in the Custodial and Disbursement Agreement) with respect to the Mortgage Loan which would materially and adversely affect the Mortgage Loan or Buyer's ’s ownership of the Mortgage Loan, unless consented to by Buyer;

Appears in 1 contract

Sources: Master Repurchase Agreement (WMC Finance Co)

No Exception. Custodian has not noted any material exceptions on a Basic Status Report and Exception Report or the Seller Asset Schedule and Exception Report Report, as applicable (as defined in the Custodial and Disbursement Agreement) ), with respect to the Mortgage Loan which would materially and adversely affect the Mortgage Loan or Buyer's ’s ownership of the Mortgage Loan, unless consented to by Buyer;

Appears in 1 contract

Sources: Master Repurchase Agreement (New Century Financial Corp)