Common use of REMIC-Related Covenants Clause in Contracts

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer and the Securities Administrator shall comply with any directions of the Company, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, 2005-5), Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates, Series 2005-4), Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, Series 2005-3)

AutoNDA by SimpleDocs

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat each such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Trustee, the Securities Administrator and the Master Servicer shall not (a) sell or knowingly permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans or is otherwise permitted pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust FundTrust; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04 of this Agreement or as otherwise provided in this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-4), Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2007-5), Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2006-1)

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat each such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Trustee, the Securities Administrator and the Master Servicer shall not (a) sell or knowingly permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans or is otherwise permitted pursuant to this Agreement or any Servicing Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04 of this Agreement or as otherwise provided in this Agreement or any Servicing Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Harborview 2006-8), Pooling and Servicing Agreement (HarborView 2007-2), Pooling and Servicing Agreement (HarborView 2007-6)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the Seller, the Company, the Servicer or the Master Servicer to assure such continuing treatment. In particular, neither the Trustee nor the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Securities Administrator and the Trustee and the Securities Administrator prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (SACO I Trust 2005-10), Pooling and Servicing Agreement (Mortgage-Backed Certificates, Series 2005-7), Custodial Agreement (Saco I Trust 2005-8)

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat each such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Trustee, the Securities Administrator and the Master Servicer shall not (a) sell or knowingly permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans or is otherwise permitted pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04 of this Agreement or as otherwise provided in this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (MortgageIT Mortgage Loan Trust 2006-1), Pooling and Servicing Agreement (Luminent Mortgage Trust 2006-2), Pooling and Servicing Agreement (Luminent 2006-4)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, Trustee and the Master Servicer and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, Trustee and the Master Servicer and the Securities Administrator shall comply with any directions of the Company, the Servicer or the Master Servicer to assure such continuing treatment. In particular, (a) the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans Loans, (b) The Trustee shall not sell or permit the sale of all or any portion or of any investment of deposits in an Account unless unless, in each such case, such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (bc) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, the Trustee shall not accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2006-4), Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2006-3), Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2006-3)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the Sponsor, the Company, the Servicer or the Master Servicer to assure such continuing treatment. In particularfurtherance, but not in limitation, of the foregoing, neither the Trustee nor the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Securities Administrator and the Trustee and the Securities Administrator prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (SACO I Trust 2006-5), Pooling and Servicing Agreement (SACO I Trust 2006-5), Pooling and Servicing Agreement

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat each such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Trustee, the Securities Administrator and the Master Servicer shall not (a) sell or knowingly permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans or is otherwise permitted pursuant to this Agreement or the Servicing Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04 of this Agreement or as otherwise provided in this Agreement or the Servicing Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Dsla 2007-Ar1), Pooling and Servicing Agreement (Dsla 2006-Ar2), Pooling and Servicing Agreement (Harborview 2006-Bu1)

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment treat each of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Trustee, the Securities Administrator and the Master Servicer shall not (a) sell or knowingly permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans or is otherwise permitted pursuant to this Agreement or any Servicing Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04 of this Agreement or as otherwise provided in this Agreement or any Servicing Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Harborview 2006-6), Pooling and Servicing Agreement (HarborView 2006-13), Pooling and Servicing Agreement (Harborview 2006-2)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeTrustee .

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2)

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the Seller, the Company, the Servicer Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac4), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac4), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac4)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans, the Underlying Mortgage Loans or the Underlying Certificates or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee and Radian has received a REMIC Opinion addressed to the Trustee and Radian prepared at the expense of the related Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeTrustee and Radian.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates & Re-Remic Certificates, Series 2005-1), Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates & Re-Remic Certificates, Series 2005-1)

REMIC-Related Covenants. For as long as each 2006-6 REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2006-6 REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee Securities Administrator has received a REMIC Opinion addressed to the Trustee Securities Administrator prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any 2006-6 REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeSecurities Administrator.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-6), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-6)

REMIC-Related Covenants. For as long as each 2006-4 REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2006-4 REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee Securities Administrator has received a REMIC Opinion addressed to the Trustee Securities Administrator prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any 2006-4 REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeSecurities Administrator.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-4), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-4)

REMIC-Related Covenants. For as long as each 2004-8 REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2004-8 REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust FundTrust; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 or contributions pursuant to Section 4.08(c) and 4.09(c) of this Agreement, as applicable, accept any contribution to any 2004-8 REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 04 8), Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 04 8)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer and the Securities Administrator shall comply with any directions of the CompanyDepositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Opteum Mortgage Acceptance CORP Trust 2006-2), Pooling and Servicing Agreement (Opteum Mortgage Acceptance CORP Trust 2006-1)

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat each such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Trustee, the Securities Administrator and the Master Servicer shall not (a) sell or knowingly permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans or is otherwise permitted pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04 of this Agreement or as otherwise provided in this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2006-Ar1), Pooling and Servicing Agreement (Dsla Mortgage Loan Trust 2006-Ar1)

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the Seller, the Company, the Servicer Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (except as otherwise expressly permitted by this Agreement) (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to Opinion; or (c) acquire any assets for any REMIC other than any REO Property after the TrusteeStartup Day without receipt of a REMIC Opinion.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac5), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-Ac1)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the Sellers, the Company, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, neither the Trustee nor the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Group I Loans or Group II HELOCs or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Group I Loans or Group II HELOCs pursuant to this Agreement or the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Securities Administrator and the Trustee and the Securities Administrator prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 2.02 and Section 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 2 contracts

Samples: Distribution Instructions (Mortgage Pass-Through Certificates, Series 2005-5), Distribution Instructions (Saco I Trust 2005-5)

REMIC-Related Covenants. For as long as each 2006-8 REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2006-8 REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee Securities Administrator has received a REMIC Opinion addressed to the Trustee Securities Administrator prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any 2006-8 REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeSecurities Administrator.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Alt-a Trust 2006-8), Pooling and Servicing Agreement (Bear Stearns Alt-a Trust 2006-8)

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat each such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Trustee, the Securities Administrator and the Master Servicer shall not (a) sell or knowingly permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans or is otherwise permitted pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust FundTrust; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04 of this Agreement or as otherwise provided in this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.]

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Corp)

REMIC-Related Covenants. For as long as each 2006-3 REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2006-3 REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement, the Subsequent Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any 2006-3 REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-3)

REMIC-Related Covenants. For as long as each 2004-10 REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2004-10 REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust FundTrust; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 or contributions pursuant to Section 4.08(c) and 4.09(c) of this Agreement, as applicable, accept any contribution to any 2004-10 REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 04 10)

AutoNDA by SimpleDocs

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat each such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Trustee, the Securities Administrator and the Master Servicer shall not (a) sell or knowingly permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans or is otherwise permitted pursuant to this Agreement or the Servicing Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04 of this Agreement or as otherwise provided in this Agreement or the Servicing Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.Opinion. 69

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Harborview 2006-7)

REMIC-Related Covenants. For as long as each 2006-7 REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2006-7 REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee Securities Administrator has received a REMIC Opinion addressed to the Trustee Securities Administrator prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any 2006-7 REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeSecurities Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-7)

REMIC-Related Covenants. For as long as each 2006-5 REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2006-5 REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee Securities Administrator has received a REMIC Opinion addressed to the Trustee Securities Administrator prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any 2006-5 REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeSecurities Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-5)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 2.02 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust 2006-Cl1)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or affirmatively permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Mortgage Loan Purchase Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Mort Prime Mort Tr Pas THR Cer Ser 2004 Cl2)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Securities Administrator and the Master Servicer and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer and the Securities Administrator shall comply with any directions of the CompanySponsor, the Servicer Depositor, any Servicer, the Securities Administrator or the Master Servicer to assure such continuing treatment. In particular, the Trustee Trustee, the Securities Administrator and the Master Servicer shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has and the Securities Administrator have received a REMIC Opinion Opinion, addressed to the Trustee and the Securities Administrator and prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase a Servicing Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2007-Sd2)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the Seller, the Company, the Servicer or the Master Servicer to assure such continuing treatment. In particularfurtherance, but not in limitation, of the foregoing, neither the Trustee nor the Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee and the Securities Administrator has received a REMIC Opinion addressed to the Securities Administrator and the Trustee and the Securities Administrator prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 1 contract

Samples: Custodial Agreement (SACO I Trust 2006-6)

REMIC-Related Covenants. For as long as each 2004-6 REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2004-6 REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust FundTrust; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 or contributions pursuant to Section 4.08(c) and 4.09(c) of this Agreement, as applicable, accept any contribution to any 2004-6 REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 04 6)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer and the Securities Administrator shall comply with any directions of the Company, the Servicer or the Master Servicer to assure such continuing treatment. 57 In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Homestar Mortgage Acceptance Corp Asset-Backed Pass-Through Certificates, Series 2004-4)

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of treat each such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Trustee, the Securities Administrator and the Master Servicer shall not (a) sell or knowingly permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans or is otherwise permitted pursuant to this Agreement or any Servicing Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.03 or 2.04 of this Agreement or as otherwise provided in this Agreement or any Servicing Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2007-5)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanySeller, the related Servicer, the related Sub-Master Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mort Invest Inc Mort Pas THR Cert Se 03 Cl1)

REMIC-Related Covenants. For as long as each 2007-2 REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such 2007-2 REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee Securities Administrator shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee Securities Administrator has received a REMIC Opinion addressed to the Trustee Securities Administrator prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any 2007-2 REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeSecurities Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2007-2)

REMIC-Related Covenants. For as long as each REMIC created hereunder shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the Sponsor, the Company, the Servicer Servicers or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 2.03 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the TrusteeOpinion.

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2006-Ac1)

REMIC-Related Covenants. For as long as each REMIC shall exist, the Trustee, the Master Servicer Trustee and the Securities Administrator shall act in accordance herewith to assure continuing treatment of such REMIC as a REMIC, and the Trustee, the Master Servicer Trustee and the Securities Administrator shall comply with any directions of the CompanyDepositor, the related Servicer or the Master Servicer to assure such continuing treatment. In particular, the Trustee shall not (a) sell or permit the sale of all or any portion of the Mortgage Loans or of any investment of deposits in an Account (except as otherwise expressly permitted by this Agreement) unless such sale is as a result of a repurchase of the Mortgage Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion addressed to the Trustee prepared at the expense of the Trust Fund; and (b) other than with respect to a substitution pursuant to the Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as applicable, accept any contribution to any REMIC after the Startup Day without receipt of a REMIC Opinion addressed to the Trustee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust 2006-1)

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