Common use of Solicitation of Mortgagor Clause in Contracts

Solicitation of Mortgagor. Neither the Owner nor the Servicer shall, after the Sale Date, take any action to solicit the refinancing of any Mortgage Loan. It is understood and agreed that neither (i) promotions undertaken by the Owner or the Servicer or any affiliate which are directed to the general public at large, including, without limitation, mass mailings based upon commercially acquired mailing lists, newspaper, radio, television advertisements nor (ii) serving the refinancing needs of a Mortgagor who, without solicitation, contacts the Owner or the Servicer in connection with the refinance of such Mortgage or Mortgage Loan, shall constitute solicitation under this Section.

Appears in 5 contracts

Samples: Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He2), Servicing Agreement (HASCO Trust 2007-He2), Reconstituted Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He1)

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Solicitation of Mortgagor. Neither the The Owner nor the Servicer shallshall not, after the Sale Transfer Date, take any action to solicit the refinancing of any Mortgage Loan. It is understood and agreed that neither (i) promotions undertaken by the Owner or the Servicer or any affiliate of either party which are directed to the general public at large, including, without limitation, mass mailings based upon commercially acquired mailing lists, newspaper, radio, television advertisements nor (ii) serving the refinancing needs of a Mortgagor who, without solicitation, contacts the Owner or the Servicer in connection with the refinance of such Mortgage or Mortgage Loan, shall constitute solicitation under this Section.

Appears in 1 contract

Samples: Servicing Agreement (Luminent Mortgage Trust 2007-2)

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