Intention of the Parties. It is the intention of the parties that the Owner is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Owner remains the sole and absolute owner of the Mortgage Loans and all rights related thereto.
Appears in 59 contracts
Samples: Flow Servicing Agreement (Lehman Mortgage Trust 2006-8), Master Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-11h), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 01 16h)
Intention of the Parties. It is the intention of the parties that the Owner Master Servicer is conveying, and the Primary Servicer is receiving receiving, only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Owner Trustee remains the sole and absolute beneficial owner of the Mortgage Loans and all rights related thereto.
Appears in 56 contracts
Samples: Primary Servicing Agreement, Primary Servicing Agreement, Servicing Agreement
Intention of the Parties. It is the intention of the parties that the Owner Master Servicer is conveying, and the Sub-Servicer is receiving receiving, only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Owner Trustee remains the sole and absolute beneficial owner of the Mortgage Loans and all rights related thereto.
Appears in 15 contracts
Samples: Sub Servicing Agreement (UBS Commercial Mortgage Trust 2018-C10), Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2017-P8), Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P3)
Intention of the Parties. It is the intention of the parties that the Owner Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Owner Issuer, subject to the lien of the Indenture Trustee, remains the sole and absolute owner of the Mortgage Loans (other than the servicing rights) and all rights related thereto.
Appears in 5 contracts
Samples: Securitization Servicing Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Securitization Subservicing Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Securitization Servicing Agreement (SASCO Mortgage Loan Trust 2004-Gel3)
Intention of the Parties. It is the intention of the parties that the Owner is conveying, and the Special Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Owner remains the sole and absolute owner of the Mortgage Loans and all rights related thereto.
Appears in 2 contracts
Samples: Servicing Agreement (Structured Asset Securities Corp/Ny), Servicing Agreement (American Residential Eagle Inc)
Intention of the Parties. It is the intention of the parties that the Owner Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Owner Issuer, subject to the lien of the Indenture Trustee, remains the sole and absolute owner of the Mortgage Loans and all rights (other than the servicing rights) related thereto.
Appears in 2 contracts
Samples: Servicing Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Servicing Agreement (SASCO Mortgage Loan Trust 2004-Gel3)
Intention of the Parties. It is the intention of the parties that the Owner Seller is conveying, and the Servicer is receiving only a contract for servicing the Participation Mortgage Loans. Accordingly, the parties hereby acknowledge that the Owner remains Seller and the related Participants remain the sole and absolute owner owners of the Participation Mortgage Loans and all rights (other than the servicing rights) related thereto.
Appears in 2 contracts
Samples: Participation Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-18a), Participation Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Cer Se 2002-1a)
Intention of the Parties. It is the intention of the parties that the Owner is conveying, and the Servicer is receiving receiving, only a contract for servicing the Mortgage LoansAssets. Accordingly, the parties hereby acknowledge that the Owner remains the sole and absolute owner of the Mortgage Loans Assets and all rights related thereto.
Appears in 1 contract
Samples: Flow Servicing Agreement (Altisource Residential Corp)
Intention of the Parties. It is the intention of the parties that the Owner Seller is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Owner Issuer remains the sole and absolute owner of the Mortgage Loans (other than the servicing rights) and all rights related thereto.
Appears in 1 contract
Samples: Securitization Servicing Agreement (SASCO Mortgage Loan Trust 2004-Gel3)
Intention of the Parties. It is the intention of the parties that the Owner is conveying, and the Servicer is receiving only a contract for servicing the Mortgage Loans. Accordinglyaccordingly, the parties hereby acknowledge that the Owner remains the sole and absolute owner of the Mortgage Loans and all rights related thereto.
Appears in 1 contract
Samples: Servicing Agreement (Structured Asset Securities Corp/Ny)
Intention of the Parties. It is the intention of the parties that the Owner is conveying, and the Servicer is receiving receiving, only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Owner remains the sole and absolute owner of the Mortgage Loans and all rights related theretothereto and nothing herein shall be deemed or construed to create a partnership or joint venture between the parties hereto and the Servicer’s services are rendered as an independent contractor and not as an agent for the Owner.
Appears in 1 contract
Intention of the Parties. It is the intention of the parties that the Owner is conveying, and the Servicer is receiving receiving, only a contract for servicing the Mortgage Loans. Accordingly, the parties hereby acknowledge that the Owner remains the sole and absolute owner of the Mortgage Loans and all rights related thereto, except with respect to the Servicer's right to receive the Servicing Fee, any additional servicing compensation, and reimbursement for Servicing Advances and interest thereon at the Advance Rate hereunder, as provided for herein.
Appears in 1 contract
Samples: Servicing Agreement (Imperial Credit Commercial Mortgage Investment Corp)
