Amendment to Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to the Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder, the following modifications shall be made: (a) Exhibit H of the Servicing Agreement (“Annual Certification”) is hereby replaced with Exhibit 7 hereto. (b) Section 6.4 (“Annual Statement as to Compliance”) of the Servicing Agreement is hereby amended by adding the following new paragraph as a second paragraph to such section: On or before March 15 of each calendar year, beginning in 2008, the Servicer shall deliver to the Purchaser and GS Mortgage Securities Corp. a report (in form and substance reasonably satisfactory to the Purchaser and GS Mortgage Securities Corp.) regarding the Servicer’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. Such report shall be addressed to the Purchaser and GS Mortgage Securities Corp. and signed by an authorized officer of the Servicer, and shall address each of the Servicing Criteria indicated on Exhibit H hereto. (c) Section 10.1(ii) (“Events of Default”) shall be amended by adding the following after the words “30 days”: “(or 15 days, in the case of Section 6.5 or automatically, in the case of Section 6.4)”. (d) Section 13.4 shall be amended by replacing “2007” with “2008” in the first sentence thereof. (e) Section 13.5 shall be amended by replacing “2007” with “2008” in the first sentence thereof. (f) Exhibit K to the Servicing Agreement is hereby replaced with Exhibit 8 hereto. For the avoidance of doubt, the Servicing Agreement is not hereby amended with respect to any other mortgage loans sold thereunder and shall remain in full force and effect in accordance with its terms with respect to such other mortgage loans.
Appears in 1 contract
Sources: Assignment, Assumption and Recognition Agreement (STARM Mortgage Loan Trust 2007-1)
Amendment to Servicing Agreement. In connection with the transfer of the Mortgage Loans hereunder, the Servicer agrees that, from and after the date hereof, each Mortgage Loan transferred hereunder will be subject to the Servicing Agreement, provided that, solely with respect to the Mortgage Loans transferred hereunder, the following modifications shall be made:
(a) Exhibit H of the Servicing Agreement (“Annual Certification”) is hereby replaced with Exhibit 7 hereto.
(b) Section 6.4 (“Annual Statement as to Compliance”) of the Servicing Agreement is hereby amended by adding the following new paragraph as a second paragraph to such section: On or before March 15 of each calendar year, beginning in 20082007, the Servicer shall deliver to the Purchaser and GS Mortgage Securities Corp. a report (in form and substance reasonably satisfactory to the Purchaser and GS Mortgage Securities Corp.) regarding the Servicer’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. Such report shall be addressed to the Purchaser and GS Mortgage Securities Corp. and signed by an authorized officer of the Servicer, and shall address each of the Servicing Criteria indicated on Exhibit H hereto.
(c) Section 10.1(ii) (“Events of Default”) shall be amended by adding the following after the words “30 days”: “(or 15 days, in the case of Section 6.5 or automatically, in the case of Section 6.4)”.
(d) Section 13.4 shall be amended by replacing “2007” with “2008” in the first sentence thereof.
(e) Section 13.5 shall be amended by replacing “2007” with “2008” in the first sentence thereof.
(f) Exhibit K to the Servicing Agreement is hereby replaced with Exhibit 8 hereto. For the avoidance of doubt, the Servicing Agreement is not hereby amended with respect to any other mortgage loans sold thereunder and shall remain in full force and effect in accordance with its terms with respect to such other mortgage loans.
Appears in 1 contract
Sources: Assignment, Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2006-9f)