Common use of Flood Certification Contract Clause in Contracts

Flood Certification Contract. The Company has obtained a life of loan, transferable flood certification contract with an Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser;

Appears in 66 contracts

Samples: Warranties and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Ar5), Distribution Instructions (Citigroup Mortgage Loan Trust Inc), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-15)

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Flood Certification Contract. The Company has obtained a life of loan, transferable flood certification contract with an a Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion Certification Provider for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser;

Appears in 42 contracts

Samples: Warranties and Servicing Agreement (Lehman XS Trust Series 2006-4n), Assignment and Assumption (Structured Adjustable Rate Mortgage Loan Trust Series 2006-7), Custodial Agreement (Bear Stearns ARM Trust 2007-5)

Flood Certification Contract. The Company has obtained a life of loan, transferable flood certification contract with an Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser. Such Tax Service Contract shall contain complete and accurate information with respect to the Mortgage Loan and the Mortgaged Property;

Appears in 29 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-3), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2), Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-4)

Flood Certification Contract. The Company Seller has obtained a life of loan, transferable flood certification contract with an Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser;

Appears in 15 contracts

Samples: Reconstituted Servicing Agreement (LXS 2007-3), Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-10), Lehman Brothers (Structured Adjustable Rate Mortgage Loan Trust Series 2007-5)

Flood Certification Contract. The Company has obtained a life of loan, transferable flood certification contract with an Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser;

Appears in 6 contracts

Samples: Assignment, Assumption and Recognition Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Assignment, Assumption and Recognition Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax)

Flood Certification Contract. The Except with respect to the Mortgage Loans for which Purchaser will obtain a flood certification contract pursuant to Section 12.05, the Company has obtained a life of loan, transferable flood certification contract with an Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser or the Purchaser’s designee without cost;

Appears in 4 contracts

Samples: Reconstituted Servicing Agreement (Sail 2006-3), Warranties and Servicing Agreement (Sasco 2006-Bc4), Warranties and Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5)

Flood Certification Contract. The Company has obtained a life of loan, transferable flood certification contract with an Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the PurchaserOwner;

Appears in 2 contracts

Samples: Reference Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar4), Reference Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar3)

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Flood Certification Contract. The Company has obtained a life of loan, transferable flood certification contract with an Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser;

Appears in 2 contracts

Samples: Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-5), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-23)

Flood Certification Contract. The If applicable, the Company has obtained a life of loan, transferable flood certification contract with an Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser;

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 03 4)

Flood Certification Contract. The Company related Seller has obtained a life of loan, transferable flood certification contract for each Mortgage Loan with an Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion for each Mortgage Loan and such contract is assignable without penalty, premium or cost to the Purchaser or the Purchaser's designee without cost;

Appears in 1 contract

Samples: Warranties Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h)

Flood Certification Contract. The Company has obtained a life of loan, transferable flood certification contract with an Approved Flood Policy Insurer acceptable to Purchaser in its sole discretion for each Mortgage Loan and such Loan. In the event that, upon the occurrence of an Event of Default, the Purchaser assigns the flood certification contract is assignable without with respect to any Mortgage Loan, the Company shall pay any penalty, premium or cost with respect to the Purchaser;such assignment.

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corp Mort Pas-THR Cert Ser 2002-)

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