Common use of Intention of the Parties Clause in Contracts

Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) related thereto.

Appears in 208 contracts

Samples: Servicing Agreement (Structured Asset Securities CORP Mortgage Pass-Through Certificates, Series 2004-13), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-6), Servicing Agreement (Structured Asset Sec Corp Mor Pass THR Cer Ser 2003-35)

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Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) and all rights related thereto.

Appears in 199 contracts

Samples: Securitization Servicing Agreement (Lehman XS Trust Series 2006-Gp2), Securitization Servicing Agreement (Greenpoint Mortgage Funding Trust 2007-Ar2), Securitization Servicing Agreement (BNC Mortgage Loan Trust 2007-1)

Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer is receiving receiving, only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) related thereto.

Appears in 48 contracts

Samples: Subservicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5), Subservicing Agreement (Sasco 2006-Bc3), Subservicing Agreement (Sasco 2006-Bc2)

Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer is receiving receiving, only a contract for servicing the Mortgage Securitized Loans. Accordingly, the parties hereby acknowledge that the each Trust Fund remains the sole and absolute owner of the Mortgage related Securitized Loans and all rights (other than the servicing rights) related thereto.

Appears in 37 contracts

Samples: Servicing Agreement (MASTR Alternative Loan Trust 2006-3), Servicing Agreement (Thornburg Mortgage Securities Trust 2008-1), Pooling and Servicing Agreement (Opteum Mortgage Acceptance CORP Trust 2006-2)

Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer is receiving receiving, only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights, which are solely owned by the Servicer) related thereto.

Appears in 31 contracts

Samples: Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc6), Servicing Agreement (Sasco 2006-Bc2), Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc8)

Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Special Servicer is receiving only a contract for servicing the Transferred Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Transferred Mortgage Loans and all rights (other than the servicing rights) and all rights related thereto.

Appears in 29 contracts

Samples: Special Servicing Agreement (Lehman Mortgae Trust 2005-3), Servicing Agreement (Structured Asset Securities Corp. 2005-17), Servicing Agreement (Lehman Mortgage Trust 2005-2)

Intention of the Parties. It is the intention of the parties that the each Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) related thereto.

Appears in 26 contracts

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002-Bc8), Servicing Agreement (Structured Asset Securities Corp Mort Pass THR Cert Ser 2002), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-15)

Intention of the Parties. It is the intention of the parties Seller, Servicer and Subservicer that the Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) and all rights related thereto, subject to the lien of the Indenture.

Appears in 14 contracts

Samples: Custodial Agreement (NYMT Securities CORP), Custodial Agreement (Fieldstone Mortgage Investment CORP), Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2006-2)

Intention of the Parties. It is the intention of the parties Seller and the Servicer that the Seller is conveying, and the Servicer is receiving receiving, only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) and all rights related thereto, subject to the lien of the Indenture.

Appears in 11 contracts

Samples: Sale and Servicing Agreement (Indymac Abs Inc), Transfer and Servicing Agreement (Aames Mortgage Investment Trust 2005-1), Transfer and Servicing Agreement (Structured Asset Securities Corp)

Intention of the Parties. It is the intention of the parties that the each Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) and all rights related thereto.

Appears in 11 contracts

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Securitization Servicing Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3), Securitization Servicing Agreement (Amoritizing Residential Col Tr Mor Pas Thru Cer Ser 2002-Bc6)

Intention of the Parties. It is the intention of the parties that the each Seller (with respect to its related Mortgage Loans) is conveying, and the Servicer is receiving receiving, only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) related thereto.

Appears in 9 contracts

Samples: Subservicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc9), Subservicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7), Subservicing Agreement (Structured Asset Investment Loan Trust 2003-Bc2)

Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer Subservicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) and all rights related thereto.

Appears in 3 contracts

Samples: Securitization Subservicing Agreement (Lehman XS Trust Series 2006-Gp1), Securitization Subservicing Agreement (Lehman XS Trust Series 2006-4n), Securitization Subservicing Agreement (Lehman XS Trust Series 2006-Gp2)

Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) related thereto.. Suction 9.10

Appears in 2 contracts

Samples: Servicing Agreement, Servicing Agreement (Structured Asset Securities Corp Trust 2005-4xs)

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Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Revolving Credit Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Revolving Credit Loans and all rights (other than the servicing rights) related thereto.

Appears in 2 contracts

Samples: Servicing Agreement (Thornburg Mortgage Securities Corp), Servicing Agreement (Structured Asset Securities Corp)

Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer is receiving receiving, only a contract for servicing the Serviced Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Serviced Mortgage Loans and all rights (other than the servicing rights) related thereto.

Appears in 2 contracts

Samples: Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Cer Se 2001-Bc5), Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Cer Sr 2001-Bc4)

Intention of the Parties. It is the intention of the parties Seller and Servicer that the Seller is conveying, and the Servicer is receiving only a contract for the servicing rights relating to the Mortgage Loans. Accordingly, the The parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) and all rights related thereto, subject to the lien of the Indenture.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (SunTrust Mortgage Securitization, LLC), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)

Intention of the Parties. It is the intention of the parties that the each Seller (with respect to its related Assistance Loans) is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Assistance Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Assistance Loans and all rights (other than the servicing rights) related thereto.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Sec Corp Pass Through Cert Series 2002-Al1)

Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rightsServicing Rights) related thereto.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Securities Corp Mo Pa Th Ce Se 2000-Bc1)

Intention of the Parties. It is the intention of the parties Sponsor and the Servicer that the Seller Sponsor is conveying, and the Servicer is receiving receiving, only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) and all rights related thereto, subject to the lien of the Indenture.

Appears in 1 contract

Samples: Custodial Agreement (Aames Mortgage Investment Trust 2006-1)

Intention of the Parties. It is the intention of the parties that the Seller Holdings is conveying, and the Servicer is receiving receiving, only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) related thereto.

Appears in 1 contract

Samples: Servicing Agreement (Amortizing Resi Collateral Tr Mort Pas Thru Cer Ser 2001-Bc1)

Intention of the Parties. It is the intention of the parties that the Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Trust Fund remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) related thereto.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-9a)

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