Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner and the Servicer agree that with respect to some or all of the Mortgage Loans, the Owner, at its sole option, may effect Whole Loan Transfers, Agency Sales or Securitization Transactions, retaining the Servicer as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may cease to be serviced under this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer shall continue to service such rejected Mortgage Loan on behalf of the Owner in accordance with the terms and provisions of this Agreement. The Servicer shall cooperate with the Owner in connection with each Whole Loan Transfer, Agency Sale or Securitization Transaction in accordance with this Section 9.01. In connection therewith:
Appears in 9 contracts
Samples: Assignment, Assumption and Recognition Agreement (Citigroup Mortgage Loan Trust Inc., Series 2006-Ar3), Assignment, Assumption and Recognition Agreement (Bear Stearns ARM Trust 2007-2), Assignment, Assumption and Recognition Agreement (Citigroup Mortgage Loan Trust 2007-10)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect one or more Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under by the Company pursuant to this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.01. In connection therewiththerewith the Company shall:
Appears in 6 contracts
Samples: Sale and Servicing Agreement (Banc of America Funding 2006-3 Trust), Sale and Servicing Agreement (Banc of America Funding 2006-2 Trust), Sale and Servicing Agreement (Banc of America Funding 2006-5 Trust)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale or Securitization Transaction in accordance with this Section 9.01. In connection therewith:
Appears in 3 contracts
Samples: Reconstituted Servicing Agreement (Sail 2006-2), Reconstituted Servicing Agreement (Sasco 2006-Wf1), Warranties and Servicing Agreement (J.P. Morgan Mortgage Trust 2006-A1)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may shall effect up to four Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 3 contracts
Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 Bc4), Lehman Brothers (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Reconstituted Servicing Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers, Agency Sales or Securitization TransactionsPass-Through Transfers, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.01. In connection therewiththerewith the Company shall:
Appears in 3 contracts
Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp 2005-Wf4), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-Wf1), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-Wf2)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers, Agency Sales or Securitization TransactionsPass-Through Transfers, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "“seller/servicer." ” On the Reconstitution Date, the Mortgage Loans transferred may cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 2 contracts
Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-21xs), Reconstituted Servicing Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers, Agency Sales or Securitization TransactionsPass-Through Transfers, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 2 contracts
Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Passthr Certs Ser 2003-38), Warranties and Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Series 2004-3)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "“seller/servicer." ” On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of of. this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.01. In connection therewiththerewith the Company shall:
Appears in 2 contracts
Samples: Warranties and Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-10), Warranties and Servicing Agreement (Structured Asset Securities Corp. 2005-14)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the Owner, at its sole optionPurchaser, may effect Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser, a prospective purchaser and the Master Servicer in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 2 contracts
Samples: Letter Agreement (Greenwich Capital Acceptance Inc), Reconstituted Servicing Agreement (Structured Asset Mortgage Investments Inc)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may shall effect up to four Whole Loan Transfers, Agency Sales or Securitization TransactionsPass-Through Transfers, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass-THR Certs Ser 2004-Gel1)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the Owner, at its sole optionPurchaser, may effect Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer services thereof or subservicer if a master servicer services is employed, or as applicable the "“seller/servicerservices." ” On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser, a prospective purchaser and the Master Servicer in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Letter Agreement (Thornburg Mortgage Securities Trust 2005-4)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers, Agency Sales or Securitization TransactionsPass-Through Transfers, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "“seller/servicer." ” On the Reconstitution Date, the Mortgage Loans transferred may cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.01. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Reconstituted Servicing Agreement (SASCO Mortgage Loan Trust 2005-Wf3)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner and the Servicer agree that with With respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer “subservicer” if a master servicer Master Servicer is employed, or as applicable the "“seller/servicer." ” On the Reconstitution DateDate and as directed by the Purchaser, the Mortgage Loans transferred may cease to be serviced under by the Company pursuant to this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9.1 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate fully with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019.1. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Sale and Servicing Agreement (FBR Securitization, Inc.)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers, Agency Sales or Securitization TransactionsPassThrough Transfers, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "“seller/servicer." ” On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 1 contract
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers, Agency Sales or Securitization TransactionsPass-Through Transfers, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "“seller/servicer." ” On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Securitization Subservicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc11)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "“seller/servicer." ” On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.01. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Agreement (Structured Asset Securities Corp Trust 2005-6)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the Owner, at its sole optionPurchaser, may effect Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "“seller/servicer." ” On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer company shall cooperate with the Owner Purchaser, a prospective purchaser and the Master Servicer in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Letter Agreement (Thornburg Mortgage Securities Trust 2005-4)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers, Agency Sales or Securitization TransactionsPass-Through Transfers, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Reconstituted Servicing Agreement (SASCO Mortgage Loan Trust Series 2005-Gel3)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may shall effect up to four Whole Loan Transfers or Pass- Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Investors Inc)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the Owner, at its sole optionPurchaser, may effect Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "“seller/servicer." ” On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 9 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser, a prospective purchaser and the Master Servicer in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.019. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Letter Agreement (Greenwich Capital Acceptance Inc)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchasers and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect one or more Whole Loan Transfers, Agency Sales Transfers or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under by the Company pursuant to this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction in accordance with this Section 9.01. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Sale and Servicing Agreement (Luminent Mortgage Trust 2006-6)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect one or more Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "“seller/servicer." ” On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under by the Company pursuant to this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.01. In connection therewiththerewith the Company shall:
Appears in 1 contract
Samples: Flow Sale and Servicing Agreement (GSR Mortgage Loan Trust 2007-4f)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may effect Whole Loan Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale Sales or Securitization Transaction in accordance with this Section 9.01. In connection therewith:
Appears in 1 contract
Samples: Warranties and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar5)
Removal of Mortgage Loans from Inclusion Under this Agreement. The Owner Purchaser and the Servicer Company agree that with respect to some or all of the Mortgage Loans, the OwnerPurchaser, at its sole option, may shall effect up to four Whole Loan Transfers or Pass-Through Transfers, Agency Sales or Securitization Transactions, retaining the Servicer Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the "seller/servicer." On the Reconstitution Date, the Mortgage Loans transferred may shall cease to be serviced under covered by this Agreement; provided, however, that, in the event that any Mortgage Loan transferred pursuant to this Section 9.01 is rejected by the transferee, the Servicer Company shall continue to service such rejected Mortgage Loan on behalf of the Owner Purchaser in accordance with the terms and provisions of this Agreement. The Servicer Company shall cooperate with the Owner Purchaser in connection with each Whole Loan Transfer, Agency Sale Transfer or Securitization Transaction Pass-Through Transfer in accordance with this Section 9.01. In connection therewiththerewith the Company shall:
Appears in 1 contract
