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Exhibit 1.1
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Execution Copy
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BANC OF AMERICA FUNDING CORPORATION
$436,364,100
(Approximate)
Mortgage Pass-Through Certificates,
Series 2007-6
July 31, 2007
UNDERWRITING AGREEMENT
Banc of America Securities LLC
214 North Tryon Street
Charlotte, North Carolina 28255
Ladies and Gentlemen:
SECTION 1. Introductory. Banc of America Funding Corporation, a
Delaware
corporation (the "Company"), proposes to sell to Banc of America
Securities LLC
("BAS" or the "Underwriter") approximately $436,364,100
aggregate Class
Certificate Balance of its Mortgage Pass-Through Certificates
identified in
Schedule I hereto (the "Offered Certificates") having the
Initial Class
Certificate Balances set forth in Schedule I (subject to an
upward or downward
variance, not to exceed 5%, of the precise Initial Class
Certificate Balances).
The Offered Certificates, together with the Class CE and Class P
Certificates
(the "Non-Offered Certificates") are collectively referred to
herein as the
"Certificates" and evidence the entire ownership interest in the
assets of a
trust estate (the "Trust Estate") consisting primarily of a pool
of fixed
interest rate mortgage loans having original terms to maturity
of approximately
180 to approximately 360 months as described in Schedule I (the
"Mortgage
Loans") to be acquired by the Company pursuant to a mortgage
loan purchase
agreement (the "Mortgage Loan Purchase Agreement"), dated July
31, 2007, by and
between the Company, as purchaser, and Bank of America, National
Association, as
seller. As of the close of business on the date specified in
Schedule I as the
cut-off date (the "Cut-off Date"), the Mortgage Loans will have
the aggregate
principal balance set forth in Schedule I. This Underwriting
Agreement shall
hereinafter be referred to as the "Agreement." Elections will be
made to treat
certain of the assets of the Trust Estate as multiple separate
real estate
mortgage investment conduits (each, a "REMIC"). The Certificates
are to be
issued pursuant to a pooling and servicing agreement, dated July
31, 2007 (the
"Pooling and Servicing Agreement"), among the Company, as
depositor, U.S. Bank
National Association, as trustee (the "Trustee"), CitiMortgage,
Inc., as master
servicer (the "Master Servicer"), and Citibank, N.A., as
securities
administrator (the "Securities Administrator"). The Offered
Certificates will be
issued in the denominations specified in Schedule I. The Pooling
and Servicing
Agreement, this Agreement, the Mortgage Loan Purchase Agreement
and the purchase
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agreement, to be dated July 31, 2007, by and between BAS, as
purchaser, and the
Company (the "Purchase Agreement") are collectively referred to
herein as the
"Basic Documents."
Capitalized terms used herein that are not otherwise defined
herein have
the meanings assigned thereto in the Pooling and Servicing
Agreement.
SECTION 2. Representations and Warranties of the Company. The
Company
represents and warrants to the Underwriter as follows:
(a) The Company meets the requirements for use of Form S-3 under
the
Securities Act of 1933, as amended (the "Act") and has filed
with the
Securities and Exchange Commission (the "Commission") a
registration
statement on Form S-3 (the file number of which is set forth in
Schedule I
hereto), which has become effective, for the registration under
the Act of
the Offered Certificates. Such registration statement, as
amended to the
date of this Agreement, meets the requirements set forth in Rule
415(a)(l)
under the Act and complies in all other material respects with
Rule
415(a)(1). The Company proposes to file with the Commission
pursuant to
Rule 424 under the Act a supplement to the form of prospectus
included in
such registration statement relating to the Offered Certificates
and the
plan of distribution thereof and a revised form of prospectus
(the "Revised
Basic Prospectus") and has previously advised you of all
further
information (financial and other) with respect to the Company to
be set
forth therein. Such registration statement, including the
exhibits thereto,
as amended to the date of this Agreement, is hereinafter called
the
"Registration Statement"; such prospectus in the form in which
it appears
in the Registration Statement, as revised by the Revised Basic
Prospectus,
is hereinafter called the "Basic Prospectus"; and such
supplement to the
Basic Prospectus, in the form in which it shall be filed with
the
Commission pursuant to Rule 424, is hereinafter called the
"Prospectus
Supplement" and, collectively with the Basic Prospectus, the
"Final
Prospectus." Any reference herein to the Registration Statement,
the Basic
Prospectus or the Final Prospectus shall be deemed to refer to
and include
the documents incorporated by reference therein pursuant to Item
12 of Form
S-3 which were filed under the Securities Exchange Act of 1934,
as amended
(the "Exchange Act"), on or before the date of this Agreement,
or the issue
date of the Basic Prospectus or the Final Prospectus, as the
case may be;
and any reference herein to the terms "amend," "amendment" or
"supplement"
with respect to the Registration Statement, the Basic Prospectus
or the
Final Prospectus shall be deemed to refer to and include the
filing of any
document under the Exchange Act after the date of this
Agreement, or the
issue date of the Basic Prospectus or the Final Prospectus, as
the case may
be, and deemed to be incorporated therein by reference.
(b) At or prior to the filing dates set forth in Schedule II
hereto
(the "Relevant Dates"), the Company prepared the information
(collectively,
the "Disclosure Package") listed in Schedule II hereto. If,
subsequent to
the date of this Agreement, the Company or the Underwriter has
determined
that such information included an untrue statement of material
fact or
omitted to state a material fact necessary in order to make the
statements
therein, in the light of the circumstances under which they were
made, not
misleading and have terminated their old purchase contracts and
entered
into new purchase contracts with purchasers of the Offered
Certificates,
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then "Disclosure Package" will refer to the information
available to
purchasers at the time of entry into the first such new purchase
contract,
including any information that corrects such material
misstatements or
omissions ("Corrective Information").
(c) As of the date hereof, when the Final Prospectus is first
filed
pursuant to Rule 424 under the Act, when, prior to the Closing
Date (as
hereinafter defined), any amendment to the Registration
Statement becomes
effective (including the filing of any document incorporated by
reference
in the Registration Statement), when any supplement to the Final
Prospectus
is filed with the Commission and at the Closing Date, (i) the
Registration
Statement, as amended as of any such time, and the Final
Prospectus, as
amended or supplemented as of any such time, will comply in all
material
respects with the Act and the respective rules thereunder, (ii)
the
Registration Statement, as amended as of any such time, will not
contain
any untrue statement of a material fact or omit to state any
material fact
required to be stated therein or necessary in order to make the
statements
therein not misleading, and (iii) the Final Prospectus, as
amended or
supplemented as of any such time, will not contain any untrue
statement of
a material fact or omit to state any material fact required to
be stated
therein or necessary in order to make the statements therein, in
light of
the circumstances under which they were made, not misleading;
provided,
however, that the Company makes no representations or warranties
as to the
information contained in or omitted from the Registration
Statement or the
Final Prospectus or any amendment thereof or supplement thereto
in reliance
upon and in conformity with information furnished in writing to
the Company
by or on behalf of the Underwriter specifically for use in
connection with
the preparation of the Registration Statement or the Final
Prospectus.
(d) Each item in the Disclosure Package, at the related Relevant
Date
did not, and at the Closing Date will not, contain any untrue
statement of
a material fact or omit to state a material fact necessary in
order to make
the statements therein, in the light of the circumstances under
which they
were made, not misleading; provided that the Company makes
no
representation and warranty with respect to the information
contained in or
omitted from the Disclosure Package or any amendment thereof or
supplement
thereto in reliance upon and in conformity with information
furnished in
writing to the Company by or on behalf of the Underwriter
specifically for
use in connection with the preparation of the Disclosure
Package.
(e) The Company has been duly incorporated and is validly
existing as
a corporation under the laws of the State of Delaware and has
corporate and
other power and authority to own its properties and conduct its
business,
as now conducted by it, and to enter into and perform its
obligations under
this Agreement and the other Basic Documents to which it is a
party.
(f) The Company is not aware of (i) any request by the
Commission for
any further amendment of the Registration Statement or the Basic
Prospectus
or for any additional information or (ii) the issuance by the
Commission of
any stop order suspending the effectiveness of the Registration
Statement
or the initiation of any proceedings for that purpose by the
Commission.
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(g) This Agreement has been duly authorized, executed and
delivered by
the Company, and each of the other Basic Documents to which the
Company is
a party, when delivered by the Company, will have been duly
authorized,
executed and delivered by the Company, and will constitute a
legal, valid
and binding agreement of the Company, enforceable against the
Company in
accordance with its terms, subject, as to the enforcement of
remedies, to
applicable bankruptcy, insolvency, reorganization, moratorium,
receivership
and similar laws affecting creditors' rights generally and to
general
principles of equity (regardless of whether the enforcement of
such
remedies is considered in a proceeding in equity or at law), and
except as
rights to indemnity and contribution hereunder may be limited by
federal or
state securities laws or principles of public policy.
(h) The Company is not, and on the date on which the first bona
fide
offer of the Offered Certificates is made will not be, an
"ineligible
issuer," as defined in Rule 405 under the Act.
(i) On the Closing Date, the Basic Documents will conform to
the
description thereof contained in the Registration Statement, the
Final
Prospectus and the Disclosure Package; the Offered Certificates
will have
been duly and validly authorized and, when such Offered
Certificates are
duly and validly executed, issued and delivered in accordance
with the
Pooling and Servicing Agreement, and sold to the Underwriter as
provided
herein, will be validly issued and outstanding and entitled to
the benefits
of the Pooling and Servicing Agreement.
(j) As of the Closing Date, the representations and warranties
of the
Company set forth in the Pooling and Servicing Agreement will be
true and
correct.
(k) Neither the execution and delivery by the Company of
this
Agreement or any other of the Basic Documents nor the
consummation by the
Company of the transactions contemplated herein or therein, nor
the
issuance of the Offered Certificates or the public offering
thereof as
contemplated in the Final Prospectus or the Disclosure Package
will
conflict in any material respect with or result in a material
breach of, or
constitute a material default (with notice or passage of time or
both)
under, or result in the imposition of any lien, pledge, charge,
of the
property or assets of the Company (except as required or
permitted pursuant
thereto or hereto), pursuant to any material mortgage,
indenture, loan
agreement, contract or other instrument to which the Company is
party or by
which it is bound, nor will such action result in any violation
of any
provisions of any applicable law, administrative regulation
or
administrative or court decree, the certificate of incorporation
or by-laws
of the Company. The Company is not in violation of its
certificate of
incorporation, in default in any material respect in the
performance or
observance of any material obligation, agreement, covenant or
condition
contained in any contract, indenture, mortgage, loan agreement,
note,
lease, trust agreement, transfer and servicing agreement or
other
instrument to which a party or by which it may be bound, or to
which any
material portion of its property or assets is subject.
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(l) No legal or governmental proceedings are pending to which
the
Company is a party or of which any property of the Company is
subject,
which if determined adversely to the Company would, individually
or in the
aggregate, have a material adverse effect on the financial
position,
stockholders' equity or results of operations of the Company;
and to the
best of the Company's knowledge, no such proceedings are
threatened or
contemplated by governmental authorities or threatened by
others.
(m) Since the date of which information is given in the
Registration
Statement, there has not been any material adverse change in the
business
or net worth of the Company.
(n) Any taxes, fees and other governmental charges in connection
with
the execution and delivery of the Basic Documents and the
execution,
delivery and sale of the Offered Certificates have been or will
be paid at
or prior to the Closing Date.
(o) No consent, approval, authorization or order of, or
registration,
filing or declaration with, any court or governmental agency or
body is
required, or will be required, in connection with (i) the
execution and
delivery by the Company of any Basic Document or the performance
by the
Company of any or (ii) the offer, sale or delivery of the
Offered
Certificates except such as shall have been obtained or made, as
the case
may be, or will be obtained or made, as the case may be, prior
to the
Closing Date, or will not materially adversely affect the
ability of the
Company to perform its obligations under any Basic Document.
(p) The Company possesses, and will possess, all material
licenses,
certificates, authorities or permits issued by the appropriate
state,
federal or foreign regulatory agencies or bodies necessary to
conduct the
business now conducted by it and as described in the
Preliminary
Prospectus, if any, Final Prospectus and the Disclosure Package,
except to
the extent that the failure to have such licenses,
certificates,
authorities or permits does not have a material adverse effect
on the
Offered Certificates or the financial condition of the Company,
and the
Company has not received, nor will have received as of each
Closing Date,
any notice of proceedings relating to the revocation or
modification of any
such license, certificate, authority or permit which, singly or
in the
aggregate, if the subject of an unfavorable decision, ruling or
finding,
would materially and adversely affect the conduct of its
business,
operations or financial condition.
(q) On the Closing Date, (i) the Company will have good and
marketable
title to the related Mortgage Loans being transferred by it to
the Trust
pursuant thereto, free and clear of any lien, (ii) the Company
will not
have assigned to any person any of its right, title or interest
in such
Mortgage Loans or in the Pooling and Servicing Agreement, and
(iii) the
Company will have the power and authority to sell such Mortgage
Loans to
the Trust, and upon execution and delivery of the Pooling and
Servicing
Agreement by the Trustee, the Company, the Master Servicer and
the
Securities Administrator, the Trust will have good and
marketable title
thereto, in each case free of liens.
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(r) The properties and businesses of the Company conform, and
will
conform, in all material respects, to the descriptions thereof
contained in
the Final Prospectus and the Disclosure Package.
(s) The Company is not, and, after giving effect to the
transactions
contemplated by the Pooling and Servicing Agreement and the
offering and
sale of the Offered Certificates, neither the Company nor the
Trust Fund
will be, an "investment company," as defined in the Investment
Company Act
of 1940, as amended.
(t) It is not necessary in connection with the offer, sale
and
delivery of the Offered Certificates in the manner contemplated
by this
Agreement to qualify the Pooling and Servicing Agreement under
the Trust
Indenture Act of 1939, as amended (the "1939 Act").
(u) Other than the Final Prospectus, the Company (including its
agents
and representatives other than the Underwriter) has not made,
used,
prepared, authorized, approved or referred to and will not make,
use,
prepare, authorize, approve or refer to any "written
communication" (as
defined in Rule 405 under the Act) that constitutes an offer to
sell or
solicitation of an offer to buy the Offered Certificates other
than (i)
information included in the Disclosure Package, (ii) any
document not
constituting a prospectus pursuant to Section 2(a)(10)(a) of the
Act or
Rule 134 under the Act or (iii) other written communication
approved in
writing in advance by the Underwriter.
(v) Any Issuer Free Writing Prospectus complied in all
material
respects with the Act and has been, or will be filed in
accordance with
Rule 433 under the Act (to the extent required thereby).
SECTION 3. Purchase, Sale and Delivery of Offered Certificates.
On the
basis of the representations, warranties and agreements herein
contained, but
subject to the terms and conditions herein set forth, the
Company agrees to
issue and sell to the Underwriter, and the Underwriter agrees to
purchase from
the Company, the aggregate Class Certificate Balance of the
Offered
Certificates, at the purchase price set forth in Schedule I
hereto.
The Company will deliver the Offered Certificates to the
Underwriter,
against payment of the applicable purchase price therefor in
same day funds
wired to such bank as may be designated by the Company, or by
such other manner
of payment as may be agreed upon by the Company and the
Underwriter, at the
offices of Hunton & Williams LLP, Charlotte, North Carolina,
at 10:00 A.M.,
Eastern time, on July 31, 2007, or at such other place or time
not later than
seven full business days thereafter as the Underwriter and the
Company
determine, such time being referred to herein as the "Closing
Date."
The Offered Certificates so to be delivered will be in such
denominations
and registered in such names as the Underwriter requests two
full business days
prior to the Closing Date and will be made available at the
offices of Banc of
America Securities LLC, Charlotte, North Carolina or, upon the
Underwriter's
request, through the facilities of The Depository Trust
Company.
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SECTION 4. Offering by the Underwriter.
(a) It is understood that the Underwriter proposes to offer
the
Offered Certificates subject to this Agreement for sale to the
public
(which may include selected dealers) on the terms as set forth
in the Final
Prospectus.
(b) The Underwriter represents and warrants to, and agrees with,
the
Company, that:
In relation to each Member State of the European Economic Area
which has
implemented the Prospectus Directive (each, a "Relevant Member
State"), it has
not made and will not make an offer of Certificates to the
public in that
Relevant Member State prior to the publication of a prospectus
in relation to
the Offered Certificates which has been approved by the
competent authority in
that Relevant Member State or, where appropriate, approved in
another Relevant
Member State and notified to the competent authority in that
Relevant Member
State, all in accordance with the Prospectus Directive, except
that it may, with
effect from and including the relevant implementation date, make
an offer of
Certificates to the public in that Relevant Member State at any
time:
(i) to legal entities which are authorized or regulated to
operate in the financial markets or, if not so authorized or
regulated, whose corporate purpose is solely to invest in
securities;
(ii) to any legal entity which has two or more of (1) an
average
of at least 250 employees during the last financial year; (2) a
total
balance sheet of more than (euro)43,000,000 and (3) an annual
net
turnover of more than (euro)50,000,000, as shown in its last
annual or
consolidated accounts; or
(iii) in any other circumstances which do not require the
publication by the issuer of a prospectus pursuant to Article 3
of the
Prospectus Directive.
For the purposes of this representation, the expression an
"offer of
Certificates to the public" in relation to any Offered
Certificates in any
Relevant Member State means the communication in any form and by
any means of
sufficient information on the terms of the offer and the
Certificates to be
offered so as to enable an investor to decide to purchase or
subscribe the
Certificates, as the same may be varied in that Member State by
any measure
implementing the Prospectus Directive in that Member State and
the expression
"Prospectus Directive" means the European Commission Directive
2003/71/EC and
includes any relevant implementing measure in each Relevant
Member State.
It has only communicated or caused to be communicated and will
only
communicate or cause to be communicated an invitation or
inducement to engage in
investment activity (within the meaning of Section 21 of the
United Kingdom
Financial Services and Markets Act 2000 (the "FSMA")) received
by it in
connection with the issue or sale of the Offered Certificates in
circumstances
in which Section 21(1) of the FSMA does not apply to the issuing
entity.
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It has complied and will comply with all applicable provisions
of the FSMA
with respect to anything done by it in relation to the Offered
Certificates in,
from or otherwise involving the United Kingdom.
SECTION 5. Covenants of the Company. The Company hereby
covenants and
agrees with the Underwriter that:
(a) Prior to the termination of the offering of the Offered
Certificates, the Company will not file any amendment of the
Registration
Statement or supplement (including the Final Prospectus) to the
Basic
Prospectus unless the Company has furnished the Underwriter a
copy for
their review prior to filing and will not file any such proposed
amendment
or supplement to which the Underwriter reasonably objects.
Subject to the
foregoing sentence, the Company will cause the Final Prospectus
to be filed
with the Commission pursuant to Rule 424. The Company will
advise the
Underwriter promptly (i) when the Final Prospectus shall have
been filed
with the Commission pursuant to Rule 424, (ii) when any
amendment to the
Registration Statement relating to the Offered Certificates
shall have
become effective, (iii) of any request by the Commission for any
amendment
of the Registration Statement or amendment of or supplement to
the Final
Prospectus or for any additional information, (iv) of the
issuance by the
Commission of any stop order suspending the effectiveness of
the
Registration Statement or the institution or threatening of any
proceeding
for that purpose and (v) of the receipt by the Company of any
notification
with respect to the suspension of the qualification of the
Offered
Certificates for sale in any jurisdiction or the initiation or
threatening
of any proceeding for such purpose. The Company will use its
best efforts
to prevent the issuance of any such stop order and, if issued,
to obtain as
soon as possible the withdrawal thereof.
(b) If, at any time when a prospectus relating to the
Offered
Certificates is required to be delivered under the Act, any
event occurs as
a result of which the Final Prospectus as then amended or
supplemented
would include any untrue statement of a material fact or omit to
state any
material fact necessary to make the statements therein, in light
of the
circumstances under which they were made, not misleading, or if
it shall be
necessary to amend or supplement the Final Prospectus to comply
with the
Act or the Exchange Act or the respective rules thereunder, the
Company
promptly will prepare and file with the Commission, subject to
the first
sentence of paragraph (a) of this Section 5, an amendment or
supplement
which will correct such statement or omission or an amendment
which will
effect such compliance and will use its best efforts to cause
any required
post-effective amendment to the Registration Statement
containing such
amendment to be made effective as soon as possible.
(c) The Company will furnish to the Underwriter and counsel for
the
Underwriter, without charge, executed copies of the Registration
Statement
(including exhibits thereto) and each amendment thereto which
shall become
effective on or prior to the Closing Date and, so long as
delivery of a
prospectus by the Underwriter or dealers may be required by the
Act, as
many copies of the Final Prospectus and any amendments thereof
and
supplements thereto as the Underwriter may reasonably request.
The Company
will pay the expenses of printing all documents relating to the
initial
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offering, provided that any additional expenses incurred in
connection with
the requirement of delivery of a market-making prospectus, if
applicable,
will be borne by the Underwriter.
(d) The Company will furnish such information as may be required
and
otherwise cooperate in qualifying the Offered Certificates for
sale under
the laws of such jurisdictions as the Underwriter may reasonably
designate
and to maintain such qualifications in effect so long as
required for the
distribution of the Offered Certificates; provided, however,
that the
Company shall not be required to qualify to do business in any
jurisdiction
where it is not now so qualified or to take any action which
would subject
it to general or unlimited service of process in any
jurisdiction where it
is not now so subject.
SECTION 6. Conditions to the Obligations of the Underwriter.
The
obligations of the Underwriter to purchase the Offered
Certificates shall be
subject to the accuracy of the representations and warranties on
the part of the
Company contained herein as of the date hereof, as of the date
of the
effectiveness of any amendment to the Registration Statement
filed prior to the
Closing Date (including the filing of any document incorporated
by reference
therein) and as of the Closing Date, to the accuracy of the
statements of the
Company made in any certificates delivered pursuant to the
provisions hereof, to
the performance by the Company of its obligations hereunder and
to the following
additional conditions:
(a) The Underwriter shall have received from Deloitte &
Touche LLP (i)
a letter, dated the date hereof, confirming that they are
independent
public accountants within the meaning of the Act and the rules
and
regulations of the Commission promulgated thereunder and
otherwise in form
and substance reasonably satisfactory to the Underwriter and
counsel to the
Underwriter and (ii) if requested by the Underwriter, a letter
dated the
Closing Date, updating the letter referred to in clause (i)
above, in form
and substance reasonably satisfactory to the Underwriter and
counsel for
the Underwriter.
(b) All actions required to be taken and all filings required to
be
made by the Company under the Act prior to the sale of the
Offered
Certificates shall have been duly taken and made. At and prior
to the
Closing Date, no stop order suspending the effectiveness of
the
Registration Statement shall have been issued and no proceedings
for that
purpose shall have been instituted, or to the knowledge of the
Company or
the Underwriter, shall have been contemplated by the
Commission.
(c) Subsequent to the execution and delivery of this Agreement,
there
shall not have occurred (i) any change, or any development
involving a
prospective change, in or affecting particularly the business or
properties
of the Company, any Servicer or the Master Servicer which, in
the
reasonable judgment of the Underwriter, materially impairs the
investment
quality of the Offered Certificates; (ii) any downgrading in the
ratings of
the securities of any Servicer or the Master Servicer by any
"nationally
recognized statistical rating organization" (as such term is
defined for
purposes of Rule 436(g) under the Act), or any public
announcement that any
such organization has under surveillance or review its ratings
of any
securities of any Servicer or the Master Servicer (other than
an
announcement with positive implications of a possible upgrading,
and no
implication of a possible downgrading, of such rating); (iii)
any
suspension or limitation of trading in securities generally on
the New York
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Stock Exchange, or any setting of minimum prices for trading on
such
exchange; (iv) any banking moratorium declared by federal, North
Carolina
or New York authorities; or (v) any outbreak or escalation of
major
hostilities in which the United States is involved, any
declaration of war
by Congress or any other substantial national or international
calamity or
emergency if, in the reasonable judgment of the Underwriter, the
effects of
any such outbreak, escalation, declaration, calamity or
emergency makes it
impractical or inadvisable to proceed with completion of the
sale of and
payment for the Offered Certificates.
(d) The Underwriter shall have received a certificate dated
the
Closing Date of an executive officer of the Company in which
such officer
shall state that, to the best of such officer's knowledge after
reasonable
inspection, (i) the representations and warranties of the
Company contained
in the Basic Documents are true and correct with the same force
and effect
as if made on the Closing Date and (ii) the Company has complied
with all
agreements and satisfied all conditions on its part to be
performed or
satisfied hereunder at or prior to the Closing Date.
(e) The Underwriter shall have received an opinion of
reasonably
acceptable counsel to the Master Servicer and the Securities
Administrator,
dated the Closing Date, in form and substance satisfactory to
the
Underwriter and counsel for the Underwriter.
(f) The Underwriter shall have received an opinion of Hunton
&
Williams LLP, special counsel to the Company and Bank of
America, National
Association, dated the Closing Date, in form and substance
satisfactory to
the Underwriter and counsel for the Underwriter.
(g) The Underwriter shall have received copies of any opinions
of
counsel for the Company that the Company is required to deliver
to any
Rating Agency. Any such opinions shall be dated the Closing Date
and
addressed to the Underwriter or accompanied by reliance letters
addressed
to the Underwriter.
(h) The Underwriter shall have received from Hunton &
Williams LLP,
special counsel to the Underwriter, a letter addressed to the
Underwriter
dated the Closing Da
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