Beruflich Dokumente
Kultur Dokumente
650497/2011
NYSCEF DOC. NO. 1-6 RECEIVED NYSCEF: 02/23/2011
We write on behalf of the eleven Walnut Place LLCs (Walnut Place LLC through Walnut
Place XI LLC, collectively, "Walnut Place"), which have been assigned Redacted
nterest in the above referenced Trust, and Redacted
Redacted
. Together, Walnut Place and
are holders of Certificates in the above-referenced Trust evidencing 25% or more of the
Voting Rights of Certificates. Proof of Walnut Place's and Redactedholdings is attached hereto
as Exhibit A.
In a letter dated August 3, 2010 from Redacted to the Bank of New York
("the Demand Letter"), Redactedprovided the Bank of New York with notice of certain breaches
of representations and warranties in the Pooling and Servicing Agreement for the above-
referenced Trust (the "PSA") and demanded that the Bank of New York provide prompt written
notice of same to Countrywide Home Loans, Inc., Park Granada LLC, Park Monaco Inc., and
Park Sienna LLC (collectively, "the Sellers"). On August 31, 2010, the Bank of New York
forwarded the Demand Letter to the Sellers and sent confirmation that it had done so to Redacted
Pursuant to Section 2.03(c) of the PSA, the Sellers were required to repurchase the
identified loans (or in the case of liquidated loans, reimburse the Trust for the excess of the
repurchase price over the net proceeds of liquidation) within 90 days of receiving notice of the
breaches of representations and warranties. Having received such notice on August 31, 2010, the
Sellers were required repurchase the loans identified in the Demand Letter on or before
November 29, 2010. The Sellers have failed to repurchase the identified loans. Therefore,
Walnut Place and Redacted hereby direct the Trustee to file suit against the Sellers within sixty
days of the date of this letter in a court of competent jurisdiction to enforce the Sellers'
repurchase obligations.
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