Common use of Statements to the Purchaser Clause in Contracts

Statements to the Purchaser. The Seller shall provide the Purchaser with such information concerning the Mortgage Loans as is necessary for the Purchaser to prepare its federal income tax return and as the Purchaser may reasonably request from time to time. The Purchaser agrees to pay for all reasonable out-of-pocket expenses incurred by the Seller in connection with complying with any request made by the Purchaser hereunder if such information is not customarily provided by the Purchaser in the ordinary course of servicing mortgage loans similar to the Mortgage Loans.

Appears in 7 contracts

Sources: Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-3), Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4), Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar2)