Common use of Recognition of Assignee Clause in Contracts

Recognition of Assignee. From and after the date hereof, the Servicer shall note the transfer of the Mortgage Loans to the Assignee in its books and records, shall recognize the Assignee as the owner of the Mortgage Loans and shall service the Mortgage Loans for the benefit of the Assignee pursuant to the Servicing Agreement, the terms of which are incorporated herein by reference. It is the intention of the Assignor, Servicer and Assignee that the Servicing Agreement shall be binding upon and inure to the benefit of the Servicer and the Assignee and their successors and assigns.

Appears in 12 contracts

Samples: Assumption and Recognition Agreement (Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B), Assumption and Recognition Agreement (Bayview Financial Mortgage Pass-Through Trust 2005-C), Assignment, Assumption and Recognition Agreement (Bayview 2006-B)

AutoNDA by SimpleDocs

Recognition of Assignee. From and after the date hereof, the Servicer shall note the transfer of the Mortgage Loans to the Assignee in its books and records, shall recognize the Assignee as the owner of the Mortgage Loans and shall service the Mortgage Loans for the benefit of the Assignee pursuant to the Servicing Agreement, as modified by this Assignment Agreement, the terms of which are incorporated herein by reference. It is the intention of the Assignor, Servicer and Assignee that the Servicing Agreement shall be binding upon and inure to the benefit of the Servicer and the Assignee and their successors and assigns.

Appears in 4 contracts

Samples: Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-20), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-14), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-17)

Recognition of Assignee. From and after the date hereof, the Servicer shall note the transfer of the Mortgage Loans to the Assignee in its books and records, shall recognize the Assignee as the owner of the Mortgage Loans and shall service all of the Mortgage Loans for the benefit of the Assignee pursuant to the Servicing AgreementFlow SWSA, the terms of which are incorporated herein by reference. It is the intention of the Assignor, Servicer and Assignee that the Servicing Agreement Flow SWSA shall be binding upon and inure to the benefit of the Servicer and the Assignee and their successors and assigns.

Appears in 2 contracts

Samples: Assignment, Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2006-Ar1), Assignment, Assumption and Recognition Agreement (GSR 2006-Ar2)

AutoNDA by SimpleDocs

Recognition of Assignee. (a) From and after the date hereof, the Servicer shall note the transfer of the Mortgage Loans to the Assignee in its books and records, shall recognize the Assignee as the owner of the Mortgage Loans and shall service all of the Mortgage Loans for the benefit of the Assignee pursuant to the Servicing AgreementFlow SWSA, the terms of which are incorporated herein by reference. It is the intention of the Assignor, Servicer and Assignee that the Servicing Agreement Flow SWSA shall be binding upon and inure to the benefit of the Servicer and the Assignee and their successors and assigns.

Appears in 2 contracts

Samples: Assignment, Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2006-Ar1), Assignment, Assumption and Recognition Agreement (GSR 2006-Ar2)

Time is Money Join Law Insider Premium to draft better contracts faster.