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Common use of Assumability Clause in Contracts

Assumability. With respect to each Adjustable Rate Mortgage Loan, the Mortgage Loan Documents do not allow an assumption of such Mortgage Loan by any other party;

Appears in 24 contracts

Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He7), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2)

Related Clauses

  • Survivability
  • Special Risks or Circumstances
  • Nonassignability
  • Power, Authorization and Enforceability
  • Power, Authority and Enforceability

Parent Clauses

  • Representations and Warranties Regarding Individual Mortgage Loans
  • Representations Warranties and Covenants of the Seller Remedies for Breach
  • Credit Reporting; Gramm-Leach-Bliley Act
  • Waiver of Jury Trial
  • Representations Warranties and Covenants Remedies for Breach

Sub-Clauses

  • Miscellaneous
  • Expenses and Attorneys’ Fees
  • Amendments and Waivers
  • Limitations on Recourse
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