{"component": "clause", "props": {"groups": [{"samples": [{"hash": "yGrYyZi88W", "uri": "/contracts/yGrYyZi88W#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)", "score": 21.0, "published": true}, {"hash": "stdVLrwzBB", "uri": "/contracts/stdVLrwzBB#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-12)", "score": 21.0, "published": true}, {"hash": "rNLoJI0Awv", "uri": "/contracts/rNLoJI0Awv#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)", "score": 21.0, "published": true}], "snippet_links": [{"key": "seller-will", "type": "clause", "offset": [4, 15]}, {"key": "full-effect", "type": "clause", "offset": [24, 35]}, {"key": "rights-and-franchises", "type": "clause", "offset": [51, 72]}, {"key": "a-corporation", "type": "clause", "offset": [76, 89]}, {"key": "the-laws", "type": "definition", "offset": [96, 104]}, {"key": "state-of", "type": "definition", "offset": [112, 120]}, {"key": "qualification-to-do-business", "type": "clause", "offset": [200, 228]}, {"key": "foreign-corporation", "type": "definition", "offset": [234, 253]}, {"key": "enforceability-of-this-agreement", "type": "clause", "offset": [356, 388]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [397, 418]}, {"key": "any-person", "type": "definition", "offset": [467, 477]}, {"key": "resulting-from", "type": "definition", "offset": [550, 564]}, {"key": "the-seller-shall", "type": "clause", "offset": [614, 630]}, {"key": "a-party", "type": "clause", "offset": [634, 641]}, {"key": "the-business", "type": "clause", "offset": [671, 683]}, {"key": "of-the-seller", "type": "clause", "offset": [684, 697]}, {"key": "the-execution", "type": "clause", "offset": [755, 768]}, {"key": "the-parties-hereto", "type": "clause", "offset": [833, 851]}, {"key": "surviving-person", "type": "clause", "offset": [943, 959]}, {"key": "net-worth", "type": "clause", "offset": [973, 982]}], "snippet": "The Seller will keep in full effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation except as permitted herein, and will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its duties under this Agreement. Any Person into which the Seller may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Seller shall be a party, or any Person succeeding to the business of the Seller, shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person shall have a net worth of at least $25,000,000.", "size": 266, "hash": "3bb66412259b2a71a546deffe7631114", "id": 1}, {"samples": [{"hash": "uTay0F3UVR", "uri": "/contracts/uTay0F3UVR#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-6)", "score": 24.3237514496, "published": true}, {"hash": "76d2oFOF53w", "uri": "/contracts/76d2oFOF53w#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-4)", "score": 24.2142372131, "published": true}, {"hash": "aFNww56IIQ7", "uri": "/contracts/aFNww56IIQ7#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-1)", "score": 24.0417518616, "published": true}], "snippet_links": [{"key": "seller-will", "type": "clause", "offset": [4, 15]}, {"key": "full-effect", "type": "clause", "offset": [24, 35]}, {"key": "rights-and-franchises", "type": "clause", "offset": [51, 72]}, {"key": "national-banking-association", "type": "definition", "offset": [78, 106]}, {"key": "qualification-to-do-business", "type": "clause", "offset": [141, 169]}, {"key": "agreement-or", "type": "definition", "offset": [295, 307]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [312, 333]}, {"key": "any-person", "type": "definition", "offset": [382, 392]}, {"key": "resulting-from", "type": "definition", "offset": [460, 474]}, {"key": "the-seller-shall", "type": "clause", "offset": [524, 540]}, {"key": "a-party", "type": "clause", "offset": [544, 551]}, {"key": "substantially-all", "type": "definition", "offset": [581, 598]}, {"key": "the-business", "type": "clause", "offset": [602, 614]}, {"key": "of-the-seller", "type": "clause", "offset": [615, 628]}, {"key": "the-execution", "type": "clause", "offset": [685, 698]}, {"key": "the-parties-hereto", "type": "clause", "offset": [763, 781]}], "snippet": "The Seller will keep in full effect its existence, rights and franchises as a national banking association, and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement or any of the Mortgage Loans and to perform its duties under this Agreement. Any Person into which the Seller may be merged or consolidated, or any entity resulting from any merger, conversion or consolidation to which the Seller shall be a party, or any Person succeeding to substantially all of the business of the Seller shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.", "size": 62, "hash": "58841e271d7a8990abad4a55ed981577", "id": 2}, {"samples": [{"hash": "kKdKw8CqlZz", "uri": "/contracts/kKdKw8CqlZz#merger-or-consolidation-of-the-seller", "label": "Seller's Purchase, Warranties and Interim Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-5ar)", "score": 18.0, "published": true}, {"hash": "jzEmSG7p52X", "uri": "/contracts/jzEmSG7p52X#merger-or-consolidation-of-the-seller", "label": "Seller's Purchase, Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-2)", "score": 18.0, "published": true}, {"hash": "jruIf7t0aHy", "uri": "/contracts/jruIf7t0aHy#merger-or-consolidation-of-the-seller", "label": "Seller's Purchase, Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-1xs)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-seller-shall", "type": "clause", "offset": [0, 16]}, {"key": "full-effect", "type": "clause", "offset": [25, 36]}, {"key": "rights-and-franchises", "type": "clause", "offset": [52, 73]}, {"key": "a-corporation", "type": "clause", "offset": [77, 90]}, {"key": "the-laws", "type": "definition", "offset": [97, 105]}, {"key": "state-of", "type": "definition", "offset": [113, 121]}, {"key": "qualification-to-do-business", "type": "clause", "offset": [202, 230]}, {"key": "foreign-corporation", "type": "definition", "offset": [236, 255]}, {"key": "enforceability-of-this-agreement", "type": "clause", "offset": [358, 390]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [399, 420]}, {"key": "any-person", "type": "definition", "offset": [469, 479]}, {"key": "disposal-of", "type": "clause", "offset": [563, 574]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [575, 599]}, {"key": "of-the-seller", "type": "clause", "offset": [600, 613]}, {"key": "resulting-from", "type": "definition", "offset": [644, 658]}, {"key": "a-party", "type": "clause", "offset": [728, 735]}, {"key": "the-business", "type": "clause", "offset": [765, 777]}, {"key": "the-execution", "type": "clause", "offset": [849, 862]}, {"key": "the-parties-hereto", "type": "clause", "offset": [927, 945]}, {"key": "surviving-person", "type": "clause", "offset": [1037, 1053]}, {"key": "business-is", "type": "definition", "offset": [1132, 1143]}, {"key": "servicing-of-mortgage-loans", "type": "clause", "offset": [1164, 1191]}, {"key": "by-the-purchaser", "type": "clause", "offset": [1223, 1239]}, {"key": "in-good-standing", "type": "definition", "offset": [1318, 1334]}, {"key": "on-behalf-of", "type": "definition", "offset": [1361, 1373]}, {"key": "fannie-mae", "type": "clause", "offset": [1374, 1384]}, {"key": "freddie-mac", "type": "clause", "offset": [1388, 1399]}], "snippet": "The Seller shall keep in full effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation except as permitted herein, and shall obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its duties under this Agreement. Any Person into which the Seller may be merged or consolidated (including by means of sale or disposal of all or substantially all of the Seller's assets), or any corporation resulting from any merger, conversion or consolidation to which the Seller shall be a party, or any Person succeeding to the business of the Seller, shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person shall be an institution whose deposits are insured by FDIC or a company whose business is the origination and servicing of mortgage loans, unless otherwise consented to by the Purchaser, which consent shall not be unreasonably withheld, and shall be qualified and in good standing to service mortgage loans on behalf of Fannie Mae or Freddie Mac.", "size": 62, "hash": "fb640636ba0d743afbba01248d3e1b1c", "id": 3}, {"samples": [{"hash": "6qtgg97T9iw", "uri": "/contracts/6qtgg97T9iw#merger-or-consolidation-of-the-seller", "label": "Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-3)", "score": 21.0, "published": true}, {"hash": "lcjuGx2xQTW", "uri": "/contracts/lcjuGx2xQTW#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase, Sale & Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h)", "score": 18.0, "published": true}, {"hash": "lUHGOuCo803", "uri": "/contracts/lUHGOuCo803#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2005-A8)", "score": 18.0, "published": true}], "snippet_links": [{"key": "seller-will", "type": "clause", "offset": [5, 16]}, {"key": "full-effect", "type": "clause", "offset": [25, 36]}, {"key": "rights-and-franchises", "type": "clause", "offset": [52, 73]}, {"key": "a-corporation", "type": "clause", "offset": [77, 90]}, {"key": "delaware-business-trust", "type": "clause", "offset": [96, 119]}, {"key": "the-laws", "type": "definition", "offset": [142, 150]}, {"key": "state-of", "type": "definition", "offset": [158, 166]}, {"key": "organization-and", "type": "clause", "offset": [171, 187]}, {"key": "qualification-to-do-business", "type": "clause", "offset": [217, 245]}, {"key": "foreign-entity", "type": "clause", "offset": [251, 265]}, {"key": "agreement-or", "type": "definition", "offset": [391, 403]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [408, 429]}, {"key": "any-person", "type": "definition", "offset": [478, 488]}, {"key": "resulting-from", "type": "definition", "offset": [559, 573]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [649, 673]}, {"key": "the-seller-shall", "type": "clause", "offset": [723, 739]}, {"key": "a-party", "type": "clause", "offset": [743, 750]}, {"key": "the-business", "type": "clause", "offset": [780, 792]}, {"key": "of-the-seller", "type": "clause", "offset": [793, 806]}, {"key": "the-execution", "type": "clause", "offset": [864, 877]}, {"key": "the-parties-hereto", "type": "clause", "offset": [942, 960]}, {"key": "provided-that", "type": "definition", "offset": [1011, 1024]}, {"key": "by-the-purchaser", "type": "clause", "offset": [1056, 1072]}, {"key": "surviving-person", "type": "clause", "offset": [1091, 1107]}, {"key": "in-the-case", "type": "clause", "offset": [1109, 1120]}, {"key": "merger-or-consolidation", "type": "definition", "offset": [1126, 1149]}, {"key": "the-servicer", "type": "definition", "offset": [1159, 1171]}, {"key": "on-behalf-of", "type": "definition", "offset": [1233, 1245]}, {"key": "in-accordance-with", "type": "definition", "offset": [1261, 1279]}, {"key": "the-requirements", "type": "clause", "offset": [1280, 1296]}, {"key": "a-mortgage-loan", "type": "definition", "offset": [1368, 1383]}, {"key": "with-respect-to", "type": "clause", "offset": [1453, 1468]}, {"key": "qualifications-of", "type": "clause", "offset": [1473, 1490]}], "snippet": "Each Seller will keep in full effect its existence, rights and franchises as a corporation or a Delaware business trust, as applicable, under the laws of the state of its organization and will obtain and preserve its qualification to do business as a foreign entity in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement or any of the Mortgage Loans and to perform its duties under this Agreement. Any Person into which a Seller may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation (including by means of the sale of all or substantially all of such Seller's assets to such Person) to which the Seller shall be a party, or any Person succeeding to the business of the Seller, shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided that, unless otherwise consented to by the Purchaser, the successor or surviving Person, in the case of a merger or consolidation, etc. of the Servicer, shall be an institution qualified to service mortgage loans on behalf of FNMA and FHLMC in accordance with the requirements of Section 3.02(1), shall not cause a rating on any security backed by a Mortgage Loan to be downgraded and shall satisfy the requirements of Section 12.01 with respect to the qualifications of a successor to such Seller.", "size": 60, "hash": "92ee8fed2ce59ec465763defcf63ed2e", "id": 4}, {"samples": [{"hash": "wqC0S22DiT", "uri": "/contracts/wqC0S22DiT#merger-or-consolidation-of-the-seller", "label": "Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-3)", "score": 18.0, "published": true}, {"hash": "jvxALnnLLEt", "uri": "/contracts/jvxALnnLLEt#merger-or-consolidation-of-the-seller", "label": "Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4)", "score": 18.0, "published": true}, {"hash": "ftiOj5zs6TO", "uri": "/contracts/ftiOj5zs6TO#merger-or-consolidation-of-the-seller", "label": "Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar2)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-seller-shall", "type": "clause", "offset": [0, 16]}, {"key": "full-force-and-effect", "type": "definition", "offset": [25, 46]}, {"key": "rights-and-franchises", "type": "clause", "offset": [62, 83]}, {"key": "a-corporation", "type": "clause", "offset": [87, 100]}, {"key": "the-laws", "type": "definition", "offset": [107, 115]}, {"key": "state-of", "type": "definition", "offset": [123, 131]}, {"key": "qualification-to-do-business", "type": "clause", "offset": [212, 240]}, {"key": "foreign-corporation", "type": "definition", "offset": [246, 265]}, {"key": "validity-and-enforceability", "type": "clause", "offset": [355, 382]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [390, 411]}, {"key": "this-agreement", "type": "clause", "offset": [466, 480]}, {"key": "any-person", "type": "definition", "offset": [482, 492]}, {"key": "resulting-from", "type": "definition", "offset": [565, 579]}, {"key": "a-party", "type": "clause", "offset": [649, 656]}, {"key": "the-business", "type": "clause", "offset": [686, 698]}, {"key": "of-the-seller", "type": "clause", "offset": [699, 712]}, {"key": "the-execution", "type": "clause", "offset": [770, 783]}, {"key": "the-parties-hereto", "type": "clause", "offset": [848, 866]}, {"key": "surviving-person", "type": "clause", "offset": [958, 974]}, {"key": "business-is", "type": "definition", "offset": [1057, 1068]}, {"key": "servicing-of-mortgage-loans", "type": "clause", "offset": [1089, 1116]}, {"key": "approved-seller", "type": "clause", "offset": [1143, 1158]}, {"key": "section-16", "type": "definition", "offset": [1206, 1216]}, {"key": "with-respect-to", "type": "clause", "offset": [1217, 1232]}, {"key": "qualifications-of", "type": "clause", "offset": [1237, 1254]}, {"key": "successor-to-the-seller", "type": "clause", "offset": [1257, 1280]}], "snippet": "The Seller shall keep in full force and effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation except as permitted herein, and shall obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of any of the Mortgage Loans, and to enable the Seller to perform its duties under this Agreement. Any Person into which the Seller may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Seller shall be a party, or any Person succeeding to the business of the Seller, shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person shall be an institution whose deposits are insured by the FDIC or a company whose business is the origination and servicing of mortgage loans, shall be a FNMA or FHLMC approved seller/servicer and shall satisfy any requirements of Section 16 with respect to the qualifications of a successor to the Seller.", "size": 50, "hash": "fc2428484a925b932dc5cc1736d79fcb", "id": 5}, {"samples": [{"hash": "p9vS2mVsKm", "uri": "/contracts/p9vS2mVsKm#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase Agreement (First Franklin Mortgage Loan Trust, Series 2007-FFC)", "score": 18.0, "published": true}, {"hash": "kdabd0VzXd8", "uri": "/contracts/kdabd0VzXd8#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-2)", "score": 18.0, "published": true}, {"hash": "kawAWJRhPIj", "uri": "/contracts/kawAWJRhPIj#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-5)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-seller-shall", "type": "clause", "offset": [0, 16]}, {"key": "full-force-and-effect", "type": "definition", "offset": [25, 46]}, {"key": "rights-and-franchises", "type": "clause", "offset": [62, 83]}, {"key": "a-corporation", "type": "clause", "offset": [87, 100]}, {"key": "the-laws", "type": "definition", "offset": [107, 115]}, {"key": "state-of", "type": "definition", "offset": [123, 131]}, {"key": "qualification-to-do-business", "type": "clause", "offset": [212, 240]}, {"key": "foreign-corporation", "type": "definition", "offset": [246, 265]}, {"key": "agreement-or", "type": "definition", "offset": [391, 403]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [408, 429]}, {"key": "any-person", "type": "definition", "offset": [500, 510]}, {"key": "resulting-from", "type": "definition", "offset": [583, 597]}, {"key": "a-party", "type": "clause", "offset": [667, 674]}, {"key": "the-business", "type": "clause", "offset": [704, 716]}, {"key": "of-the-seller", "type": "clause", "offset": [717, 730]}, {"key": "the-execution", "type": "clause", "offset": [788, 801]}, {"key": "the-parties-hereto", "type": "clause", "offset": [866, 884]}, {"key": "surviving-person", "type": "clause", "offset": [976, 992]}, {"key": "business-is", "type": "definition", "offset": [1075, 1086]}, {"key": "servicing-of-mortgage-loans", "type": "clause", "offset": [1107, 1134]}, {"key": "a-\u2587", "type": "clause", "offset": [1148, 1151]}, {"key": "approved-seller", "type": "clause", "offset": [1177, 1192]}], "snippet": "The Seller shall keep in full force and effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation except as permitted herein, and shall obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement or any of the Mortgage Loans, and to enable the Seller to perform its duties under this Agreement. Any Person into which the Seller may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Seller shall be a party, or any Person succeeding to the business of the Seller, shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person shall be an institution whose deposits are insured by the FDIC or a company whose business is the origination and servicing of mortgage loans and shall be a \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587- or \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Mac-approved seller/servicer.", "size": 33, "hash": "9893bb7e9574386b9c8710df2d411ea7", "id": 6}, {"samples": [{"hash": "lor9LynDOdZ", "uri": "/contracts/lor9LynDOdZ#merger-or-consolidation-of-the-seller", "label": "Pooling and Servicing Agreement (Aames Capital Corp)", "score": 18.0, "published": true}, {"hash": "kM2zCiGkfIz", "uri": "/contracts/kM2zCiGkfIz#merger-or-consolidation-of-the-seller", "label": "Pooling and Servicing Agreement (Aames Capital Corp)", "score": 18.0, "published": true}, {"hash": "kIl2aDy14La", "uri": "/contracts/kIl2aDy14La#merger-or-consolidation-of-the-seller", "label": "Pooling and Servicing Agreement (Aames Capital Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "other-entity", "type": "definition", "offset": [19, 31]}, {"key": "the-seller-shall", "type": "clause", "offset": [164, 180]}, {"key": "a-party", "type": "clause", "offset": [184, 191]}, {"key": "all-or-substantially-all", "type": "clause", "offset": [222, 246]}, {"key": "the-business", "type": "clause", "offset": [250, 262]}, {"key": "by-operation-of-law", "type": "clause", "offset": [373, 392]}, {"key": "an-agreement", "type": "clause", "offset": [402, 414]}, {"key": "obligation-of-the-seller", "type": "clause", "offset": [446, 470]}, {"key": "successor-to-the-seller", "type": "clause", "offset": [506, 529]}, {"key": "the-execution", "type": "clause", "offset": [548, 561]}, {"key": "the-parties-to-this-agreement", "type": "clause", "offset": [617, 646]}, {"key": "the-foregoing", "type": "definition", "offset": [684, 697]}, {"key": "the-surviving-entity", "type": "clause", "offset": [711, 731]}, {"key": "to-the-trustee", "type": "clause", "offset": [785, 799]}], "snippet": "Any corporation or other entity (i) into which the Seller may be merged or consolidated, (ii) that may result from any merger, conversion or consolidation to which the Seller shall be a party, or (iii) that may succeed to all or substantially all of the business of the Seller, which corporation or other entity shall, in any case where an assumption shall not be effected by operation of law, execute an agreement of assumption to perform every obligation of the Seller under this Agreement, shall be the successor to the Seller hereunder without the execution or filing of any document or any further act by any of the parties to this Agreement, except that if the Seller in any of the foregoing cases is not the surviving entity, then the surviving entity shall execute and deliver to the Trustee an agreement of assumption to perform every obligation of the Seller hereunder.", "size": 24, "hash": "33584a2afe33365a51a9f4eafc851899", "id": 7}, {"samples": [{"hash": "e6PQCadj7LQ", "uri": "/contracts/e6PQCadj7LQ#merger-or-consolidation-of-the-seller", "label": "Purchase Agreement (STARM Mortgage Loan Trust 2007-S1)", "score": 21.0, "published": true}, {"hash": "barcECbGVn1", "uri": "/contracts/barcECbGVn1#merger-or-consolidation-of-the-seller", "label": "Purchase Agreement (STARM Mortgage Loan Trust 2007-3)", "score": 21.0, "published": true}, {"hash": "5Q6pe8INiw5", "uri": "/contracts/5Q6pe8INiw5#merger-or-consolidation-of-the-seller", "label": "Purchase Agreement (Starm Mortgage Loan Trust 2007-2)", "score": 21.0, "published": true}], "snippet_links": [{"key": "seller-will", "type": "clause", "offset": [4, 15]}, {"key": "full-effect", "type": "clause", "offset": [24, 35]}, {"key": "rights-and-franchises", "type": "clause", "offset": [51, 72]}, {"key": "a-corporation", "type": "clause", "offset": [76, 89]}, {"key": "the-laws", "type": "definition", "offset": [96, 104]}, {"key": "state-of", "type": "definition", "offset": [112, 120]}, {"key": "qualification-to-do-business", "type": "clause", "offset": [200, 228]}, {"key": "foreign-corporation", "type": "definition", "offset": [234, 253]}, {"key": "enforceability-of-this-agreement", "type": "clause", "offset": [356, 388]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [397, 418]}, {"key": "any-person", "type": "definition", "offset": [467, 477]}, {"key": "resulting-from", "type": "definition", "offset": [550, 564]}, {"key": "the-seller-shall", "type": "clause", "offset": [614, 630]}, {"key": "a-party", "type": "clause", "offset": [634, 641]}, {"key": "the-business", "type": "clause", "offset": [671, 683]}, {"key": "of-the-seller", "type": "clause", "offset": [684, 697]}, {"key": "related-to", "type": "definition", "offset": [713, 723]}, {"key": "loan-servicing", "type": "clause", "offset": [724, 738]}, {"key": "the-execution", "type": "clause", "offset": [796, 809]}, {"key": "the-parties-hereto", "type": "clause", "offset": [874, 892]}, {"key": "surviving-person", "type": "clause", "offset": [984, 1000]}, {"key": "having-a", "type": "definition", "offset": [1029, 1037]}, {"key": "gaap-net-worth", "type": "definition", "offset": [1038, 1052]}, {"key": "approved-mortgagee", "type": "definition", "offset": [1170, 1188]}, {"key": "business-is", "type": "definition", "offset": [1203, 1214]}, {"key": "origination-and-servicing", "type": "clause", "offset": [1218, 1243]}, {"key": "first-lien-mortgage-loans", "type": "definition", "offset": [1247, 1272]}, {"key": "approved-seller", "type": "clause", "offset": [1307, 1322]}, {"key": "in-good-standing", "type": "definition", "offset": [1332, 1348]}], "snippet": "The Seller will keep in full effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation except as permitted herein, and will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its duties under this Agreement. Any Person into which the Seller may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Seller shall be a party, or any Person succeeding to the business of the Seller whether or not related to loan servicing, shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person shall be an institution (i) having a GAAP net worth of not less than $25,000,000, (ii) the deposits of which are insured by the FDIC, SAIF and/or BIF, or which is a HUD-approved mortgagee whose primary business is in origination and servicing of first lien mortgage loans, and (iii) who is a FNMA or FHLMC approved seller/servicer in good standing.", "size": 20, "hash": "5550c388b2366746261774601beecde0", "id": 8}, {"samples": [{"hash": "lnpprXpABwp", "uri": "/contracts/lnpprXpABwp#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-Oa2)", "score": 19.0, "published": true}, {"hash": "ge1LZaZwccu", "uri": "/contracts/ge1LZaZwccu#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase and Servicing Agreement (MASTR Alternative Loan Trust 2007-1)", "score": 19.0, "published": true}, {"hash": "caxkU9Uef05", "uri": "/contracts/caxkU9Uef05#merger-or-consolidation-of-the-seller", "label": "Mortgage Loan Purchase and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-3)", "score": 19.0, "published": true}], "snippet_links": [{"key": "seller-will", "type": "clause", "offset": [4, 15]}, {"key": "full-effect", "type": "clause", "offset": [24, 35]}, {"key": "rights-and-franchises", "type": "clause", "offset": [51, 72]}, {"key": "a-corporation", "type": "clause", "offset": [76, 89]}, {"key": "the-laws", "type": "definition", "offset": [96, 104]}, {"key": "state-of", "type": "definition", "offset": [112, 120]}, {"key": "qualification-to-do-business", "type": "clause", "offset": [200, 228]}, {"key": "foreign-corporation", "type": "definition", "offset": [234, 253]}, {"key": "enforceability-of-this-agreement", "type": "clause", "offset": [356, 388]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [397, 418]}, {"key": "any-person", "type": "definition", "offset": [467, 477]}, {"key": "resulting-from", "type": "definition", "offset": [550, 564]}, {"key": "the-seller-shall", "type": "clause", "offset": [614, 630]}, {"key": "a-party", "type": "clause", "offset": [634, 641]}, {"key": "the-business", "type": "clause", "offset": [671, 683]}, {"key": "of-the-seller", "type": "clause", "offset": [684, 697]}, {"key": "the-execution", "type": "clause", "offset": [755, 768]}, {"key": "the-parties-hereto", "type": "clause", "offset": [833, 851]}, {"key": "surviving-person", "type": "clause", "offset": [943, 959]}, {"key": "business-is", "type": "definition", "offset": [1046, 1057]}, {"key": "servicing-of-mortgage-loans", "type": "clause", "offset": [1078, 1105]}, {"key": "by-the-purchaser", "type": "clause", "offset": [1137, 1153]}, {"key": "on-behalf-of", "type": "definition", "offset": [1250, 1262]}, {"key": "the-requirements", "type": "clause", "offset": [1295, 1311]}, {"key": "section-16", "type": "definition", "offset": [1315, 1325]}, {"key": "with-respect-to", "type": "clause", "offset": [1326, 1341]}, {"key": "qualifications-of", "type": "clause", "offset": [1346, 1363]}, {"key": "successor-to-the-seller", "type": "clause", "offset": [1366, 1389]}], "snippet": "The Seller will keep in full effect its existence, rights and franchises as a corporation under the laws of the state of its incorporation except as permitted herein, and will obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its duties under this Agreement. Any Person into which the Seller may be merged or consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Seller shall be a party, or any Person succeeding to the business of the Seller, shall be the successor of the Seller hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person shall be an institution whose deposits are insured by SAIF or FDIC or a company whose business is the origination and servicing of mortgage loans, unless otherwise consented to by the Purchaser, which consent shall not be unreasonably withheld, shall be qualified to service mortgage loans on behalf of FNMA or FHLMC and shall satisfy the requirements of Section 16 with respect to the qualifications of a successor to the Seller.", "size": 16, "hash": "8210b03437b02e1380aa51e562798c09", "id": 9}, {"samples": [{"hash": "SJp0duoiCB", "uri": "/contracts/SJp0duoiCB#merger-or-consolidation-of-the-seller", "label": "Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-8)", "score": 19.0, "published": true}, {"hash": "7e843pNzuty", "uri": "/contracts/7e843pNzuty#merger-or-consolidation-of-the-seller", "label": "Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-9)", "score": 19.0, "published": true}], "snippet_links": [{"key": "the-depositor", "type": "definition", "offset": [0, 13]}, {"key": "the-servicers", "type": "clause", "offset": [58, 71]}, {"key": "the-special-servicer", "type": "clause", "offset": [75, 95]}, {"key": "subject-to-the", "type": "clause", "offset": [97, 111]}, {"key": "the-seller", "type": "clause", "offset": [161, 171]}, {"key": "each-servicer", "type": "definition", "offset": [216, 229]}, {"key": "all-things-necessary", "type": "clause", "offset": [288, 308]}, {"key": "full-force-and-effect", "type": "definition", "offset": [333, 354]}, {"key": "rights-and-franchises", "type": "clause", "offset": [370, 391]}, {"key": "qualification-to-do-business", "type": "clause", "offset": [454, 482]}, {"key": "foreign-corporation", "type": "definition", "offset": [488, 507]}, {"key": "enforceability-of-this-agreement", "type": "clause", "offset": [610, 642]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [651, 672]}, {"key": "any-person", "type": "definition", "offset": [732, 742]}, {"key": "resulting-from", "type": "definition", "offset": [906, 920]}, {"key": "merger-or-consolidation", "type": "definition", "offset": [925, 948]}, {"key": "a-party", "type": "clause", "offset": [1074, 1081]}, {"key": "the-business", "type": "clause", "offset": [1111, 1123]}, {"key": "the-execution", "type": "clause", "offset": [1323, 1336]}, {"key": "the-parties-hereto", "type": "clause", "offset": [1401, 1419]}, {"key": "surviving-person", "type": "clause", "offset": [1511, 1527]}, {"key": "to-sell", "type": "clause", "offset": [1635, 1642]}, {"key": "loans-to", "type": "clause", "offset": [1652, 1660]}, {"key": "on-behalf-of", "type": "definition", "offset": [1692, 1704]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [1899, 1931]}, {"key": "trust-administrator", "type": "clause", "offset": [2035, 2054]}, {"key": "notice-of", "type": "definition", "offset": [2055, 2064]}, {"key": "such-purchaser", "type": "definition", "offset": [2110, 2124]}, {"key": "assignment-and-delegation", "type": "clause", "offset": [2154, 2179]}, {"key": "approved-seller", "type": "clause", "offset": [2229, 2244]}, {"key": "in-good-standing", "type": "definition", "offset": [2254, 2270]}, {"key": "net-worth", "type": "clause", "offset": [2284, 2293]}, {"key": "an-agreement", "type": "clause", "offset": [2487, 2499]}, {"key": "delegation-and-assignment", "type": "clause", "offset": [2515, 2540]}, {"key": "assumption-by", "type": "clause", "offset": [2560, 2573]}, {"key": "the-rights", "type": "clause", "offset": [2589, 2599]}, {"key": "liabilities-of-the-master-servicer", "type": "clause", "offset": [2651, 2685]}, {"key": "party-to-this-agreement", "type": "definition", "offset": [2771, 2794]}, {"key": "rating-agencies", "type": "definition", "offset": [2832, 2847]}, {"key": "the-certificates", "type": "definition", "offset": [2879, 2895]}, {"key": "in-effect", "type": "clause", "offset": [2896, 2905]}, {"key": "in-the-case", "type": "clause", "offset": [3023, 3034]}, {"key": "liabilities-and-obligations", "type": "definition", "offset": [3323, 3350]}, {"key": "servicer-hereunder", "type": "clause", "offset": [3410, 3428]}, {"key": "prior-to-the", "type": "clause", "offset": [3429, 3441]}, {"key": "conditions-to", "type": "definition", "offset": [3462, 3475]}], "snippet": "the Depositor, the Back-Up Servicer, the Master Servicer, the Servicers or the Special Servicer. Subject to the immediately succeeding paragraph, the Depositor, the Seller, the Master Servicer, the Back-Up Servicer, each Servicer and the Special Servicer will each do or cause to be done all things necessary to preserve and keep in full force and effect its existence, rights and franchises (charter and statutory) and will each obtain and preserve its qualification to do business as a foreign corporation in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, or any of the Mortgage Loans and to perform its respective duties under this Agreement. Any Person into which the Depositor, the Seller, the Master Servicer, the Back-Up Servicer, any Servicer or the Special Servicer may be merged or consolidated, or any Person resulting from any merger or consolidation to which the Depositor, the Seller, the Master Servicer, the Back-Up Servicer, any Servicer or the Special Servicer shall be a party, or any Person succeeding to the business of the Depositor, the Seller, the Back-Up Servicer or any Servicer, shall be the successor of the Depositor, the Seller, the Back-Up Servicer or such Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer, the Back-Up Servicer, any such Servicer or the Special Servicer shall be qualified to sell mortgage loans to, and to service mortgage loans on behalf of, FNMA or FHLMC. Notwithstanding anything else in this Section 7.02 or in Section 7.04 hereof to the contrary, the Master Servicer or a Servicer may assign its rights and delegate its duties and obligations under this Agreement; provided, however, that the Master Servicer or such Servicer gives the Depositor, the Trustee and the Trust Administrator notice of such assignment; provided, further, (a) that such purchaser or transferee accepting such assignment and delegation shall be an institution that is a FNMA and FHLMC approved seller/servicer in good standing, which has a net worth of at least $15,000,000, and which is willing to service the Mortgage Loans and (b) such purchaser or transferee executes and delivers to the Depositor, the Trustee and the Trust Administrator an agreement accepting such delegation and assignment, which contains an assumption by such Person of the rights, powers, duties, responsibilities, obligations and liabilities of the Master Servicer, the Back-Up Servicer or such Servicer, with like effect as if originally named as a party to this Agreement; provided, further, that each of the Rating Agencies acknowledge that its rating of the Certificates in effect immediately prior to such assignment will not be qualified or reduced as a result of such assignment and delegation. In the case of any such assignment and delegation, the Master Servicer, the Back-Up Servicer or such Servicer shall be released from its obligations under this Agreement (except as provided above), except that the Master Servicer, Back-Up Servicer or the related Servicer shall remain liable for all liabilities and obligations incurred by it as the Master Servicer, Back-Up Servicer or Servicer hereunder prior to the satisfaction of the conditions to such assignment and delegation set forth in the preceding sentence.", "size": 15, "hash": "0191f7f6f2b963c4b112792867065374", "id": 10}], "next_curs": "Cm4SaGoVc35sYXdpbnNpZGVyY29udHJhY3RzckoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ii5tZXJnZXItb3ItY29uc29saWRhdGlvbi1vZi10aGUtc2VsbGVyIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Merger or Consolidation of the Seller", "parents": [["the-seller", "The Seller"], ["the-sellers", "The Sellers"], ["credit-reporting-gramm-leach-bliley-act", "Credit Reporting; Gramm-Leach-Bliley Act"], ["financial-statements", "Financial Statements"], ["purchasers-right-to-examine-servicer-records", "Purchaser's Right to Examine Servicer Records"]], "children": [["", ""], ["notices", "Notices"], ["events-of-default", "Events of Default"], ["representations-and-warranties", "REPRESENTATIONS AND WARRANTIES"], ["definitions", "Definitions"]], "size": 630, "id": "merger-or-consolidation-of-the-seller", "related": [["merger-or-consolidation-of-the-servicer", "Merger or Consolidation of the Servicer", "Merger or Consolidation of the Servicer"], ["merger-or-consolidation-of-the-company", "Merger or Consolidation of the Company", "Merger or Consolidation of the Company"], ["merger-or-consolidation-of-the-depositor", "Merger or Consolidation of the Depositor", "Merger or Consolidation of the Depositor"], ["merger-or-consolidation-of-the-seller-or-the-master-servicer", "Merger or Consolidation of the Seller or the Master Servicer", "<strong>Merger or Consolidation of the Seller</strong> or the Master Servicer"], ["merger-or-consolidation", "Merger or Consolidation", "Merger or Consolidation"]], "related_snippets": [], "updated": "2025-09-19T04:27:13+00:00"}, "json": true, "cursor": ""}}