Common use of Continuing Rights and Responsibilities Clause in Contracts

Continuing Rights and Responsibilities. (a) The parties hereto agree and acknowledge that [ ], an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee’s rights and all related responsibilities as Owner under the sections of the Flow Servicing Agreement listed below: Flow Servicing Agreement: Section Matter

Appears in 6 contracts

Samples: Flow Mortgage Loan Servicing Agreement (Sequoia Mortgage Trust 2012-3), Flow Mortgage Loan Servicing Agreement (Sequoia Mortgage Trust 2013-3), Flow Mortgage Loan Servicing Agreement (Sequoia Mortgage Trust 2012-2)

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Continuing Rights and Responsibilities. (a) The parties hereto agree and acknowledge that [ ], an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee’s rights and all related responsibilities as Owner under the sections of the Flow Sale and Servicing Agreement listed below: Flow Sale and Servicing Agreement: Section MatterMatter 11.01, 5th, 7th and 8th ¶’s Servicer to Act as Servicer; Subservicing.

Appears in 2 contracts

Samples: Flow Mortgage Loan Servicing Rights Sale and Servicing Agreement (Sequoia Mortgage Trust 2012-1), Flow Mortgage Loan Servicing Rights Sale and Servicing Agreement (Sequoia Mortgage Trust 2011-2)

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Continuing Rights and Responsibilities. (a) The parties hereto agree and acknowledge that [ [_____], an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee’s 's rights and all related responsibilities as Owner Purchaser under the following sections of the Flow Sale and Servicing Agreement listed below: Flow Sale and Servicing Agreement: Section Matter

Appears in 1 contract

Samples: Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2011-2)

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