Common use of Assignment Provisions Clause in Contracts

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC ("SABR"), then by SABR, through a collateral assignment, to U.S. Bank, National Association (the "Trustee") on behalf of the holders of the C-BASS Mortgage Loan Asset-Backed Certificates, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (the "PSA"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A (the "Remaining Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this Transaction to an Assignee, the Assignee shall accept assignment of this Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" and "Party B" herein shall be deemed references to such Assignee. One each Assignment Date, the Remaining Party, the relevant Assignor and the relevant Assignee, in consideration of the promises and mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Custodial Agreement (SABR LLC Trust 2006-Cb1)

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Assignment Provisions. It is acknowledged and agreed by the parties that tat this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC Long Beach Mortgage Company ("SABR"“LBMC”), then, simultaneously, (i) by GSCM to Xxxxxxx Xxxxx Mitsui Marine Derivative Products, L.P. (“GSMMDP”) and (ii) by LBMC through a collateral assignment to Long Beach Securities Corp. (“LBSC”), and then by SABRLBSC, through a collateral assignment, to U.S. BankDeutsche Bank National Trust Company, National Association (the "Trustee") ”), as trustee of LBMLT on behalf of the holders of the C-BASS Long Beach Mortgage Loan AssetTrust 2006-WL1 Asset Backed Certificates, Series 2006-CB1, under WL1 (CUSIP Number: see Reference Securities; the Pooling and Servicing Agreement, dated as of January 1, 2006 “Certificates”) (the "PSA"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining “Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this Transaction the Transactions to an Assignee, the Assignee shall accept assignment of this Transaction the Transactions subject to all terms of this Confirmation and all references to the term "Counterparty" and "Party B" herein shall be deemed references to such Assigneeeach subsequent assignee of Counterparty and all references to the term “GSCM” herein shall be deemed references to each subsequent assignee of GSCM”. One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Master Agreement (Long Beach Mortgage Loan Trust 2006-Wl1)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) and (ix) xx XS Xxxxgage Securities Corp. to Deutsche Bank National Trust Company, then by SABR, through a collateral assignment, to U.S. Bank, National Association solely as trustee (the "Trustee") on behalf of the holders of the CGSAMP Mortgage Pass-BASS Mortgage Loan Asset-Backed Through Certificates, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 S6 (CUSIP Number: see Reference Securities; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this the Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-S6)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) and (ix) xx XS Mortgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, to U.S. Wells Fargo Bank, National Association N.A. (the "TrusteeSecurities Administrator") ), as securities xxxxxistrator on behalf of the holders of the CMortgage Pass-BASS Mortgage Loan AssetThrough Certificates Series 2007-Backed CertificatesHE2, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Numbers: [_] the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this Transaction to an Assignee, the Assignee shall accept assignment of this Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of GSCM. One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-He2)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) and (ix) xx XS Mortgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, assignment to U.S. Wells Fargo Bank, National Association N.A. (the "TrusteeSecurities Administrator") ), as securities xxxxxistrator on behalf of the holders of the CMortgage Pass-BASS Mortgage Loan Asset-Backed Through Certificates, Series 20062007-CB1HE1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number: [_]; the "PSACertificates "), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this the Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" and "Party B" herein shall be deemed references to such Assigneeeach subsequent assignee of Counterparty and all references to the term GSCM herein shall be deemed references to each subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-He1)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) and (ix) xx XS Xxxxgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, assignment to U.S. Wells Fargo Bank, National Association N.A. (the "TrusteeSecurities Administrator") ), as securities xxxxxistrator on behalf of the holders of the CMortgage Pass-BASS Mortgage Loan Asset-Backed Through Certificates, Series 2006-CB1HE8, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number: see Reference Securities; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this the Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" and "Party B" herein shall be deemed references to such Assigneeeach subsequent assignee of Counterparty and all references to the term GSCM herein shall be deemed references to each subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-He8)

Assignment Provisions. It is acknowledged and agreed by the parties that this the Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC Long Beach Mortgage Company. ("SABRLBMC") (such assignment, the "Initial Assignment"), then simultaneously, (i) by SABRGSCM to Xxxxxxx Xxxxx Mitsui Marine Derivative Products, L.P. ("GSMMDP") and (ii) by LBMC, through a collateral assignment, to U.S. BankLong Beach Securities Corp., ("LBSC") and by LBSC, through a collateral assignment, to Deutsche Bank National Association Trust Company (the "Trustee") ), not individually but solely as Trustee under the Pooling Agreement on behalf of the holders of the C-BASS Long Beach Mortgage Loan AssetTrust 2005-Backed Certificates2 (such assignments, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (the "PSA"), entered into among Securitized Asset Backed Receivables LLCSimultaneous Assignments" and together with the Initial Assignment, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "AssignorAssignments"). These assignments The Initial Assignment and the Simultaneous Assignments shall occur on the day the Assignor and the Assignee parties agree to such assignment Assignments and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of the Simultaneous Assignments, the other assignor and/or assignee, as appropriate (the "Remaining Party") (each such day hereinafter referred to as an the "Effective Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this the Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of GSCM. One each On the Effective Assignment Date, the Remaining Party, relevant parties to the relevant Assignor and the relevant AssigneeAssignments, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2005-2 Asset-Backed Certificates, Series 2005-2)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Xxxxxxtxxx Xroducts, L.P. ("SABRGSMMDP")) and (ii) by GS Mortgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, assignment to U.S. Wells Fargo Bank, National Association N.A. (the "TrusteeXxxurities Administrator") ), as securities administrator on behalf of the holders of the CMortgage Pass-BASS Mortgage Loan Asset-Backed Through Certificates, Series 20062007-CB1H1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number: see Reference Securities; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this the Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" and "Party B" herein shall be deemed references to such Assigneeeach subsequent assignee of Counterparty and all references to the term GSCM herein shall be deemed references to each subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-H1)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Xxxxxxtive Products, L.P. ("SABRGSMMDP")) and (ii) by GS Mortgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, to U.S. Wells Fargo Bank, National Association N.A. (the "TrusteeXxxurities Administrator") ), as securities administrator on behalf of the holders of the CMortgage Pass-BASS Mortgage Loan AssetThrough Certificates Series 2007-Backed CertificatesH1, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Numbers: [ ]; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this Transaction to an Assignee, the Assignee shall accept assignment of this Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of GSCM. One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-H1)

Assignment Provisions. It is acknowledged and agreed by the parties that Mat this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) xxx (xi) by GS Mortgage Securities Corp. to GSAA, and then by SABRGSAA, through a collateral assignment, to U.S. Wells Fargo Bank, National Association N.A., (the "TrusteeSecurities Administrator") ), as secxxxxxes administrator on behalf of the holders of the CGSAA Home Equity Trust 2006-BASS Mortgage Loan 2 Asset-Backed Certificates, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number: see Reference Securities; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the, relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this Transaction subject to all terms of this Confirmation and all references to the term ""Counterparty" and "Party B" herein shall be deemed references to such Assigneeeach subsequent assignee of Counterparty and all references to the term "GSCM" herein shall be deemed references to each subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and arid the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Master Agreement (GSAA Home Equity Trust 2006-2)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) and (ix) xx XS Xxxxgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, to U.S. Wells Fargo Bank, National Association N.A. (the "TrusteeSecurities Administrator") ), as securities xxxxxistrator on behalf of the holders of the CMortgage Pass-BASS Mortgage Loan AssetThrough Certificates Series 2007-Backed CertificatesHE1, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Numbers: [_] the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this Transaction to an Assignee, the Assignee shall accept assignment of this Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of GSCM. One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-He1)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) and (ix) xx XS Mortgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, assignment to U.S. Wells Fargo Bank, National Association N.A. (the "TrusteeSecurities Administrator") ), as securities xxxxxistrator on behalf of the holders of the CMortgage Pass-BASS Mortgage Loan Asset-Backed Through Certificates, Series 20062007-CB1NC1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number: [ ]; the "PSACertificates "), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this the Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" and "Party B" herein shall be deemed references to such Assigneeeach subsequent assignee of Counterparty and all references to the term GSCM herein shall be deemed references to each subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-Nc1)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC to GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivxxxxx Xrxxxxxs, L.P. ("SABRGSMMDP")) and (i) by GS Mortgage Securities Corp. to GSAA, and then by SABRGSAA, through a collateral assignment, to U.S. BankBank National Association, National Association (the "Trustee") ), as indenture trustee on behalf of the holders of the CGSAA Home Equity Trust 2006-BASS Mortgage Loan 1 Asset-Backed Certificates, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number: see Reference Securities; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Master Agreement (GSAA Home Equity Trust 2006-1)

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Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) and (ix) xx XS Mortgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, assignment to U.S. Wells Fargo Bank, National Association N.A. (the "TrusteeSecurities Administrator") ), as securities xxxxxistrator on behalf of the holders of the CMortgage Pass-BASS Mortgage Loan Asset-Backed Through Certificates, Series 20062007-CB1HE2, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number: [_]; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this the Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" and "Party B" herein shall be deemed references to such Assigneeeach subsequent assignee of Counterparty and all references to the term GSCM herein shall be deemed references to each subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-He2)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) and (ix) xx XS Mortgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, to U.S. Bank, Deutsche Bank National Association Trust Company (the "Trustee") ), as trustee on behalf of the holders of the C-BASS Mortgage Loan Asset-Backed Certificates, Series GSAMP 2006-CB1S6 Mortgage Pass Through Certificates (CUSIP Number: 36245C AA 0, under the Pooling 36245C AE 2, 36245C AF 9, 36245C AG 7, 36245C AH 5 and Servicing Agreement, dated as of January 1, 2006 (the 36245C AJ 0; xxx "PSAXxxxxxxcates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this the Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-S6)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivaxxxx Xxoxxxxx, LP. ("SABRGSMMDP")) and (ii) by GS Mortgage Securities Corp. to GSAA, and then by SABRGSAA, through a collateral assignment, to U.S. BankBank National Association, National Association (the "Trustee") ), as indenture trustee on behalf of the holders of the CGSAA Home Equity Trust 2006-BASS Mortgage Loan 3 Asset-Backed Certificates, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number; see Reference Securities; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant Constant Party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Master Agreement (GSAA Home Equity Trust 2006-3)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivxxxxx Xrxxxxxs, LP. ("SABRGSMMDP")) and (ii) by GS Mortgage Securities Corp. to GSAA, and then by SABRGSAA, through a collateral assignment, to U.S. BankBank National Association, National Association (the "Trustee") ), as indenture trustee on behalf of the holders of the CGSAA Home Equity Trust 2006-BASS Mortgage Loan 3 Asset-Backed Certificates, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number; see Reference Securities; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant Constant Party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Master Agreement (GSAA Home Equity Trust 2006-3)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivaxxxx Xxoxxxxx, L.P. ("SABRGSMMDP")) and (ii) by GS Mortgage Securities Corp. to GSAA, and then by SABRGSAA, through a collateral assignment, to U.S. Wells Fargo Bank, National Association N.A., (the "TrusteeSecuxxxxxs Administrator") ), as securities administrator on behalf of the holders of the CGSAA Home Equity Trust 2006-BASS Mortgage Loan 4 Asset-Backed Certificates, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number: see Reference Securities; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this the Transaction to an Assignee, the Assignee shall accept assignment of this Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Master Agreement (GSAA Home Equity Trust 2006-4)

Assignment Provisions. It is acknowledged and agreed by the parties that this the Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) xxx (xx) by GS Mortgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, to U.S. BankDeutsche Bank National Trust Company, National Association (the "Trustee") ), as indenture trustee on behalf of the holders of the CGSAMP 2006-BASS HE1 Mortgage Loan AssetPass-Backed Through Certificates, Series 2006-CB1HE1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Number: see "Reference Securities"; the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this Transaction the Transactions to an Assignee, the Assignee shall accept assignment of this Transaction the Transactions subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of "GSCM". One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-He1)

Assignment Provisions. It is acknowledged and agreed by the parties that this Transaction shall be subject to assignment first by Counterparty to SECURITIZED ASSET BACKED RECEIVABLES LLC GS Mortgage Securities Corp., then, simultaneously, (i) by GSCM to Goldman Sachs Mitsui Marine Derivative Products, L.P. ("SABRGSMMDP")) and (ix) xx XS Mortgage Securities Corp. to GSAMP, then and by SABRGSAMP, through a collateral assignment, to U.S. Wells Fargo Bank, National Association N.A. (the "TrusteeSecurities Administrator") ), as securities xxxxxistrator on behalf of the holders of the CMortgage Pass-BASS Mortgage Loan AssetThrough Certificates Series 2007-Backed CertificatesNC1, Series 2006-CB1, under the Pooling and Servicing Agreement, dated as of January 1, 2006 (CUSIP Numbers: [ ] the "PSACertificates"), entered into among Securitized Asset Backed Receivables LLC, the Trustee, the Counterparty, as seller, and Xxxxxx Loan Servicing LP ) (each such assignee is referred to herein as an "Assignee" and each such assignor is referred to herein as an "Assignor"). These assignments shall occur on the day the Assignor and the Assignee agree to such assignment and provide written or oral notification of the effective date of assignment to Party A the relevant constant party, or, in the case of a simultaneous double assignment, the other assignor and/or assignee, as appropriate (the "Remaining Constant Party") (each such day hereinafter referred to as an "Assignment Date"). Furthermore, with respect to each assignment of this Transaction to an Assignee, the Assignee shall accept assignment of this Transaction subject to all terms of this Confirmation and all references to the term "Counterparty" herein shall be deemed references to each subsequent assignee of Counterparty and all references to the term "Party BGSCM" herein shall be deemed references to such Assigneeeach subsequent assignee of GSCM. One On each Assignment Date, the Remaining Constant Party, the relevant Assignor and the relevant Assignee, in consideration of the promises premises and the mutual covenants contained herein and for other good and valuable consideration received, agree as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-Nc1)

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