Common use of Securitization Transaction Clause in Contracts

Securitization Transaction. Section 9.1 Removal of Mortgage Loans from Inclusion Under this Agreement Upon a Securitization Transaction The Purchaser and the Company agree that with respect to some or all of the Mortgage Loans, the Purchaser, at its sole option, may effect Whole Loan Transfers, Agency Transfers or Securitization Transactions, retaining the Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the “seller/servicer”. From and after the Reconstitution Date, the Mortgage Loans transferred may remain covered by this Agreement, insofar as the Company shall continue to service such Mortgage Loans on behalf of the Purchaser in accordance with the terms and provisions of this Agreement. The Company shall cooperate with the Purchaser in connection with each Whole Loan Transfer or Securitization Transaction in accordance with this Section 9.1. In connection therewith the Company shall:

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (GSR 2006-Ar2), Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2006-Ar1)

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Securitization Transaction. Section 9.1 Removal of Mortgage Loans from Inclusion Under this Agreement Upon a Securitization Transaction Transaction. The Purchaser and the Company agree that with respect to some or all of the Mortgage Loans, the Purchaser, at its sole option, may shall effect up to four Whole Loan Transfers, Agency Transfers or Securitization Transactions, retaining the Company as the servicer thereof or subservicer if a master servicer is employed, or as applicable the “seller/servicer”. From and after the Reconstitution Date, the Mortgage Loans transferred may shall remain covered by this Agreement, insofar as the Company shall continue to service such Mortgage Loans on behalf of the Purchaser in accordance with the terms and provisions of this Agreement. The Company shall cooperate with the Purchaser in connection with each Whole Loan Transfer or Securitization Transaction in accordance with this Section 9.1. In connection therewith the Company shall:

Appears in 2 contracts

Samples: Custodial Agreement (GSR Mortgage Loan Trust 2006-Ar1), Custodial Agreement (GSR 2006-Ar2)

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