Merger or Consolidation of the Seller. (a) The Seller shall keep in full effect its existence, rights and franchises as an entity and maintain its qualification to service mortgage loans for each of Xxxxxx Mae, Xxxxxxx Mac and HUD and comply with the laws of each State in which any Mortgaged Property is located to the extent necessary to protect the validity and enforceability of this Agreement, and to perform its duties under this Agreement. The Seller shall keep in full effect its existence, rights and franchises as an entity.
Appears in 6 contracts
Samples: MSR Servicing Agreement, MSR Servicing Agreement (Pennymac Financial Services, Inc.), MSR Servicing Agreement (PennyMac Mortgage Investment Trust)
Merger or Consolidation of the Seller. (a) The Seller shall keep in full effect its existence, rights and franchises as an entity and maintain its qualification to service mortgage loans for each of Xxxxxx Mae, Xxxxxxx Mac and HUD and comply with the laws of each State in which any Mortgaged Property is located to the extent necessary to protect the validity and enforceability of this Agreement, and to perform its duties under this Agreement. The Seller shall keep in full effect its existence, rights and franchises as an entity.
Appears in 3 contracts
Samples: Acquisition and Servicing Agreement, Master Spread Acquisition and MSR Servicing Agreement (PennyMac Mortgage Investment Trust), Master Spread Acquisition and MSR Servicing Agreement (Pennymac Financial Services, Inc.)
Merger or Consolidation of the Seller. (a) The Seller shall keep in full effect its existence, rights and franchises as an entity and maintain its qualification to service mortgage loans for each of Xxxxxx Mae, Xxxxxxx Mac and HUD and comply with the laws of each State in which any Mortgaged Property is located to the extent necessary to protect the validity and enforceability of this Agreement, and to perform its duties under this Agreement. The Seller shall keep in full effect its existence, rights and franchises as an entity.
Appears in 3 contracts
Samples: MSR Servicing Agreement, MSR Servicing Agreement (Pennymac Financial Services, Inc.), Servicing Agreement (PennyMac Mortgage Investment Trust)
Merger or Consolidation of the Seller. (a) The Seller shall keep in full effect its existence, rights and franchises as an entity and maintain its qualification to service mortgage loans for each of Xxxxxx MaeXxx, Xxxxxxx Mac and HUD and comply with the laws of each State in which any Mortgaged Property is located to the extent necessary to protect the validity and enforceability of this Agreement, and to perform its duties under this Agreement. The Seller shall keep in full effect its existence, rights and franchises as an entity.
Appears in 2 contracts
Samples: Master Spread Acquisition and MSR Servicing Agreement (Pennymac Financial Services, Inc.), Master Spread Acquisition and MSR Servicing Agreement (PennyMac Mortgage Investment Trust)
Merger or Consolidation of the Seller. (a) The Seller shall keep in full effect its existence, rights and franchises as an entity and maintain its qualification to service mortgage loans for each of Xxxxxx Mae, Xxxxxxx Mac and HUD Xxx and comply with the laws of each State in which any Mortgaged Property is located to the extent necessary to protect the validity and enforceability of this Agreement, and to perform its duties under this Agreement. The Seller shall keep in full effect its existence, rights and franchises as an entity.
Appears in 1 contract
Samples: Master Spread Acquisition and MSR Servicing Agreement (PennyMac Mortgage Investment Trust)
Merger or Consolidation of the Seller. (a) The Seller shall keep in full effect its existence, rights and franchises as an entity and maintain shall obtain and preserve its qualification to service mortgage loans for do business in each of Xxxxxx Mae, Xxxxxxx Mac and HUD and comply with the laws of each State jurisdiction in which any Mortgaged Property such qualification is located to the extent or shall be necessary to protect the validity and enforceability of this Agreement, Agreement or any of the Mortgage Loans and to perform its duties under this Agreement. The Seller shall keep in full effect its existence, rights and franchises as an entity.
Appears in 1 contract
Samples: Mortgage Loan Purchase Agreement (Five Oaks Investment Corp.)
Merger or Consolidation of the Seller. (a) The Seller shall will keep in full force and effect its existence, rights and franchises as an entity a corporation, and maintain its status as a Xxxxxx Mae or Xxxxxxx Mac-approved seller/servicer in good standing and will obtain and preserve its qualification to service mortgage loans for do business as a foreign corporation in each of Xxxxxx Mae, Xxxxxxx Mac and HUD and comply with the laws of each State jurisdiction in which any Mortgaged Property such qualification is located to the extent or shall be necessary to protect the validity and enforceability of this Agreement, Agreement or any of the Mortgage Loans and to perform its duties under this Agreement. The Seller shall keep in full effect its existence, rights and franchises as an entity.
Appears in 1 contract
Samples: Master Purchase and Servicing Agreement (Luminent Mortgage Trust 2006-7)
