Common use of Protection of Confidential Information and Consumer Information Clause in Contracts

Protection of Confidential Information and Consumer Information. (a) The Owner agrees that the Sellers are customers of the Company and that the relationships between the Company and such Sellers are confidential (the “Confidential Information”). The Owner agrees that it shall not directly solicit the Sellers of Mortgage Loans for the purpose of purchasing loans similar to the Mortgage Loans from any such Seller following the Closing Date unless (i) such a relationship already exists between the Owner or its affiliates and such Seller, (ii) such a purchase of a mortgage loan is established by a broker or agent of the Owner, which agent or broker is acting independently, and neither the Owner nor its affiliates have provided such broker or agent with any Confidential Information, or (iii) such a purchase of a mortgage loan is in the Owner’s ordinary course of business and is not based on the use of Confidential Information. The Owner and the Company shall keep confidential and shall not, without the Company’s or Owner’s prior written consent, divulge to any party the price paid by the Owner for the Mortgage Loans, except to the extent that it is appropriate for the Owner or the Company to do so in working with legal counsel, auditors, taxing authorities or other governmental agencies.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (GSR Mortgage Loan Trust 2007-Ar1), Servicing Agreement (GSR 2007-Oa2), Sale and Servicing Agreement (GSR Mortgage Loan Trust 2007-Oa1)

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Protection of Confidential Information and Consumer Information. (a) The Each Owner agrees that the Sellers are customers of the Company and that the relationships between the Company and such Sellers are confidential (the "Confidential Information"). The Each Owner agrees that it shall not directly solicit the Sellers of Mortgage Loans for the purpose of purchasing loans similar to the Mortgage Loans from any such Seller following the Closing Date unless (i) such a relationship already exists between the such Owner or its affiliates and such Seller, (ii) such a purchase of a mortgage loan is established by a broker or agent of the such Owner, which agent or broker is acting independently, and neither the such Owner nor its affiliates have provided such broker or agent with any Confidential Information, or (iii) such a purchase of a mortgage loan is in the such Owner’s 's ordinary course of business and is not based on the use of Confidential Information. The Each Owner and the Company shall keep confidential and shall not, without the Company’s or Owner’s 's prior written consent, divulge to any party the price paid by the such Owner for the Mortgage Loans, except to the extent that it is appropriate for the such Owner or the Company to do so in working with legal counsel, auditors, examiners, taxing authorities or other governmental or regulatory agencies.

Appears in 2 contracts

Samples: Reconstitution Agreement (HarborView 2007-7), Assignment and Assumption Agreement (Luminent Mortgage Trust 2006-6)

Protection of Confidential Information and Consumer Information. (a) The Owner agrees that the Sellers are customers of the Company and that the relationships between the Company and such Sellers are confidential (the “Confidential Information”). The Owner agrees that it shall not directly solicit the Sellers of Mortgage Loans for the purpose of purchasing loans similar to the Mortgage Loans from any such Seller following the Closing Date unless (i) such a relationship already exists between the Owner or its affiliates and such Seller, (ii) such a purchase of a mortgage loan is established by a broker or agent of the Owner, which agent or broker is acting independently, and neither the Owner nor its affiliates have provided such broker or agent with any Confidential Information, or (iii) such a purchase of a mortgage loan is in the Owner’s ordinary course of business and is not based on the use of Confidential Information. The Owner and the Company shall keep confidential and shall not, without the Company’s or Owner’s prior written consent, divulge to any party the price paid by the Owner for the Mortgage Loans, except to the extent that it is appropriate for the Owner or the Company to do so in working with legal counsel, auditors, taxing authorities or other governmental or regulatory agencies.

Appears in 1 contract

Samples: Custodial Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ramp1)

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Protection of Confidential Information and Consumer Information. (a) The Owner agrees that the Sellers are customers of the Company and that the relationships between the Company and such Sellers are confidential (the "Confidential Information"). The Owner agrees that it shall not directly solicit the Sellers of Mortgage Loans for the purpose of purchasing loans similar to the Mortgage Loans from any such Seller following the Closing Date unless (i) such a relationship already exists between the Owner or its affiliates and such Seller, (ii) such a purchase of a mortgage loan is established by a broker or agent of the Owner, which agent or broker is acting independently, and neither the Owner nor its affiliates have provided such broker or agent with any Confidential Information, or (iii) such a purchase of a mortgage loan is in the Owner’s 's ordinary course of business and is not based on the use of Confidential Information. The Owner and the Company shall keep confidential and shall not, without the Company’s 's or Owner’s 's prior written consent, divulge to any party the price paid by the Owner for the Mortgage Loans, except to the extent that it is appropriate for the Owner or the Company to do so in working with legal counsel, auditors, taxing authorities or other governmental agencies.

Appears in 1 contract

Samples: Reference Agreement (Banc of America Funding Corp)

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