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Common use of Servicing Transfer Clause in Contracts

Servicing Transfer. Any transfer of the servicing by a Prior Servicer of Mortgage Loans to the Servicer under this Agreement.

Appears in 3 contracts

Sources: Securitization Servicing Agreement (Lehman XS Trust Series 2006-Gp3), Securitization Servicing Agreement (Lehman XS Trust Series 2006-Gp4), Servicing Agreement (Lehman Mortgage Trust 2007-6)

Servicing Transfer. Any transfer of the servicing by a Prior Servicer of Distressed Mortgage Loans to the Special Servicer under this Agreement.

Appears in 2 contracts

Sources: Servicing Agreement (Lehman Mortgage Trust 2007-8), Servicing Agreement (Lehman Mortgage Trust 2007-9)

Related Clauses

  • Effect of Servicing Transfer
  • Sale and Servicing Agreement
  • of the Sale and Servicing Agreement
  • Subservicing Agreement
  • Transfer and Servicing Agreement

Parent Clauses

  • DEFINED TERMS
  • Servicing Matters
  • Dispute Resolution
  • Servicer Defaults Servicing Transfer
  • Separate Entity Existence

Sub-Clauses

  • Preparation of Forms 1098 and 1099
  • Reconciliation of Funds
  • Net T&I Transfer Amount
  • Transfer of Books and Records
  • Mechanics of Servicing Transfer
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