Common use of Assumability Clause in Contracts

Assumability. The Mortgage Loan Documents provide that a related Mortgage Loan may only be assumed if the party assuming such Mortgage Loan meets certain credit requirements stated in the Mortgage Loan Documents, except that with respect to Mortgage Loans underwritten in accordance with the underwriting guidelines of Seller, the Mortgage Loan Documents relating to such Mortgage Loans do not preclude assumability;

Assumability. The Either (i) the Mortgage Loan Documents provide that a related Mortgage Loan may only be assumed if the party assuming such Mortgage Loan meets certain credit requirements stated in such documents, or (ii) the Mortgage Note with respect to such Mortgage Loan contains a "due-on-sale" provision which prevents the assumption of the Mortgage Loan Documents, except that with respect to Mortgage Loans underwritten in accordance with by a proposed transferee and accelerates the underwriting guidelines payment of Seller, the Mortgage Loan Documents relating to outstanding principal balance of such Mortgage Loans do not preclude assumabilityLoan;