6.4 (a) this new representations and you can guarantees of Supplier within Arrangement and Section step 3.1(a) of your Home mortgage Get Arrangement was real and you will right when you look at the most of the thing areas.

(b) the vendor should features, in most matter areas, complied together with the plans and you can satisfied most of the standards towards the area getting performed otherwise came across hereunder and you may under for every other Purchase File in the or prior to the Closure Big date; and

The class B4 Notes will had been ranked at the very least ?BBB-? because of the S&P

(c) no skills shall possess happened one, that have find otherwise passing of time, carry out make up a default under any Johnson Village loans of the Purchase Documents so you’re able to that your Supplier is a celebration.

Owner shall has actually brought to your a certificate, old the Closing Time, of your own Chairman, an elder Vice-president and/or Head Financial Officer of one’s Business on the perception that each and every condition established in clauses (a), (b) and you can (c) more than provides, into the good their knowledge immediately after sensible studies, come met.

six.5 Youll have received the brand new feedback away from Hunton & Williams LLP, counsel towards the Company together with Subservicer, old new Closing Go out and considerably into effect established in Exhibit A great-1 and you may Display An excellent-2, a letter regarding Hunton & Williams LLP, guidance on Providers, dated the latest Closing Day and you can considerably on perception established in Showcase A good-step 3, and you will a viewpoint of for the-domestic the recommendations to your Seller, dated the fresh Closing Date and you will significantly with the impact set forth within the Display A great-4.

The category B1 Cards should have been ranked about ?BBB+? by S&P and you may ?Baal? by Irritable?s

6.six Youll have received the view regarding Kennedy Covington Lobdell & Hickman LLP, guidance on the Grasp Servicer and you may Bonds Administrator, dated the brand new Closing Day and you will dramatically towards effect established when you look at the Display B-l.

6.seven You shall have obtained the newest advice off McKee Nelson LLP, counsel with the Servicer, dated the fresh new Closure Big date and you will considerably to your impact set forth within the Display B-dos.

6.8 Youll have obtained the fresh new thoughts off McKee Nelson LLP, the recommendations to your Underwriters, dated this new Closure Big date in shape and you can compound sufficient into Underwriters.

six.nine Each Underwriter shall have obtained out of Deloitte & Touche LLP, certified personal accounting firms, a page, dated brand new big date hereof and you will sufficient in shape and you can compound so you can such as Underwriter and you may including Underwriter?s guidance, to your feeling they have did specific specified methods, which had been wanted to by the instance Underwriter, right down to that they concluded that certain pointers out-of a bookkeeping, financial otherwise analytical nature, set forth regarding the Prospectus Supplement within the captions ?The loan Pond,? ?Dysfunction of the Cards,? ?Yield Factors? and you may ?Readiness and you can Prepayment Factors,? will follow the latest suggestions of the Organization and also the Provider otherwise one information accessible to Deloitte & Touche LLP by the or on behalf of the firm, excluding any questions of court translation.

6.ten The category A notes shall have been rated ?AAA? of the Fundamental & Poor?s, a department of one’s McGraw-Slope Organizations, Inc. (?S&P?) and you will ?Aaa? from the Irritable?s Buyers Services, Inc. (?Moody?s?). The category M2 Cards will was in fact ranked at least ?AA? by the S&P and ?Aa2? from the Cranky?s. The class M3 Cards will had been ranked about ?AA-? from the S&P and you can ?Aa3? of the Irritable?s. The class M4 Notes should was indeed rated no less than ?A+? because of the S&P and you will ?A1? from the Moody?s. The category M5 Notes will was in fact rated about ?A? by S&P and you will ?A2? of the Cranky?s. The course M6 Cards should was indeed ranked at least ?A3? by the S&P and you can ?A-? of the Moody?s. The course B2 Cards shall was rated no less than ?BBB? because of the S&P and you may ?Baa2? from the Irritable?s. The course B3 Notes will was indeed ranked at the least ?BBB-? by S&P and ?Baa3? of the Moody?s.