Common use of Investor Approval Clause in Contracts

Investor Approval. In connection with any Reconstitution, Seller shall notify Purchaser in writing at least ten (10) Business Days but not less than five (5) Business Days prior to such related Reconstitution Date for any transfer of the Mortgage Loans to an investor. Subsequent to any such transfer, the Mortgage Loans shall continue to be serviced in accordance with Exhibit M. Any such transfer shall be subject to Article XI. If a Reconstitution occurs within the same month as the Transfer Date, Seller must provide notification of such Reconstitution no later than seven (7) Business Days following the Transfer Date.

Appears in 4 contracts

Samples: Interim Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1), Interim Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Af2), Interim Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4)

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Investor Approval. In connection with any Reconstitution, Seller shall notify Purchaser in writing at least ten (10) Business Days but not less than five (5) Business Days prior to such related Reconstitution Date for any transfer of the Mortgage Loans to an investor. Subsequent to any such transfer, the Mortgage Loans shall continue to be serviced in accordance with Exhibit M. Any such transfer shall be subject to Article XI. If a Reconstitution occurs within the same month as the Transfer Date, Seller must provide notification of such Reconstitution no later than seven (7) Business Days following the Transfer Date.

Appears in 1 contract

Samples: Interim Servicing Agreement (Merrill Lynch Investors Trust, Series 2006-A2)

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