Common use of Transfer Request Clause in Contracts

Transfer Request. Any request for sale or transfer of servicing shall be reviewed on an individual basis. For a request to be considered, however, the transferor must submit a written request to the Master Servicer. The transferee must agree to enter into a servicing agreement with the Master Servicer substantially in the form of this Agreement and must be approved by the Master Servicer, and, if applicable, any rating agency with respect Mortgage Loans which are owned by a trust which has issued mortgage-backed securities, securitized by such Mortgage Loans, which have been rated at the request of such trust by such rating agency. The Master Servicer must receive this documentation at least 45 days prior to the requested date of transfer. The transferor shall be notified in writing of the Master Servicer's approval or denial. Such transfer shall be denied if the transferee does not meet the approval requirements of the Master Servicer, or any such rating agency.

Transfer Request. Any request for sale or transfer of servicing shall be reviewed on an individual basis. For a request to be considered, however, the transferor must submit a written request to the Master Servicer. The transferee must agree to enter into a servicing agreement with the Master Servicer substantially in the form of this Agreement and must be approved by the Master Servicer, and, if applicable, any rating agency with respect Mortgage Loans which are owned by a trust which has issued mortgage-backed securities, securitized by such Mortgage Loans, which have been rated at the request of such trust by such rating agency. The Master Servicer must receive this documentation at least 45 days prior to the requested date of transfer. The transferor shall be notified in writing of the Master Servicer's ’s approval or denial. Such transfer shall be denied if the transferee does not meet the approval requirements of the Master Servicer, or any such rating agency.