Common use of Use of Subservicers and Subcontractors Clause in Contracts

Use of Subservicers and Subcontractors. The Company shall not hire or otherwise utilize the services of any Subservicer "participating in the Servicing function" within the meaning of Item 1122 of Regulation AB, to fulfill any of the obligations of the Company as servicer under the Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (a) of this Section. The Company shall not hire or otherwise utilize the services of any Subcontractor "participating in the Servicing function" within the meaning of Item 1122 of Regulation AB, and shall not permit any Subservicer to hire or otherwise utilize the services of any such Subcontractor to fulfill any of the obligations of the Company as servicer under the Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (b) of this Section.

Appears in 3 contracts

Samples: Banc of America Funding Corp, Reference Agreement (HSI Asset Loan Obligation Trust 2007-Ar1), Assignment and Assumption Agreement (Luminent Mortgage Trust 2006-6)

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Use of Subservicers and Subcontractors. The Company shall not hire or otherwise utilize the services of any Subservicer "participating in the Servicing function" within the meaning of Item 1122 of Regulation AB, to fulfill any of the obligations of the Company as servicer under the this Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (a) of this Section. The Company shall not hire or otherwise utilize the services of any Subcontractor "participating in the Servicing function" within the meaning of Item 1122 of Regulation AB, and shall not permit any Subservicer to hire or otherwise utilize the services of any such Subcontractor to fulfill any of the obligations of the Company as servicer under the this Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (b) of this Section.

Appears in 2 contracts

Samples: Reference Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar3), Reference Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar4)

Use of Subservicers and Subcontractors. The Company shall not hire or otherwise utilize the services of any Subservicer "participating in the Servicing function" within the meaning of Item 1122 of Regulation ABSubservicer, to fulfill any of the obligations of the Company as servicer under the Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (a) of this Section. The Company shall not hire or otherwise utilize the services of any Subcontractor "participating in the Servicing function" within the meaning of Item 1122 of Regulation AB, and shall not permit any Subservicer to hire or otherwise utilize the services of any such Subcontractor to fulfill any of the obligations of the Company as servicer under the Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (b) of this Section.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Lehman XS Trust Series 2007-2n), Sale and Servicing Agreement (Lehman XS Trust Series 2007-15n)

Use of Subservicers and Subcontractors. The Company Servicer shall not hire or otherwise utilize the services of any Subservicer "participating in the Servicing function" within the meaning that is required to provide Annual Statement of Item 1122 Compliance or on an Assessment of Regulation AB, Compliance to fulfill any of the obligations of the Company Servicer as servicer under the Agreement or any Reconstitution this Agreement unless the Company Servicer complies with the provisions of paragraph (a) of this Section. The Company Servicer shall not hire or otherwise utilize the services of any Subcontractor "participating in the Servicing function" within the meaning that is required to provide an Assessment of Item 1122 of Regulation ABCompliance, and shall not permit any Subservicer that is required to provide an Assessment of Compliance, to hire or otherwise utilize the services of any such Subcontractor Subcontractor, to fulfill any of the obligations of the Company Servicer as servicer under the Agreement or any Reconstitution this Agreement unless the Company Servicer complies with the provisions of paragraph (b) of this Section.

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-F1)

Use of Subservicers and Subcontractors. The Company shall not hire or otherwise utilize the services of any Subservicer "participating in the Servicing function" within the meaning of Item 1122 of Regulation AB, to fulfill any of the obligations of the Company as servicer under the this Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (a) of this Section. The Company shall not hire or otherwise utilize the services of any Subcontractor "participating in the Servicing function" within the meaning of Item 1122 of Regulation ABSubcontractor, and shall not permit any Subservicer to hire or otherwise utilize the services of any such Subcontractor “participating in the Servicing function” within the meaning of Item 1122 of Regulation AB, to fulfill any of the obligations of the Company as servicer under the this Agreement or any Reconstitution Agreement unless the Company complies with the provisions of paragraph (b) of this Section.

Appears in 1 contract

Samples: Custodial Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ramp1)

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Use of Subservicers and Subcontractors. The Company Seller shall not hire or otherwise utilize the services of any Subservicer "participating in the Servicing servicing function" within the meaning of Item 1122 of Regulation AB, AB to fulfill any of the obligations of the Company Seller as servicer under the Agreement or any Reconstitution Agreement unless the Company Seller complies with the provisions of paragraph (ai) of this Section. The Company Seller shall not hire or otherwise utilize the services of any Subcontractor "participating in the Servicing servicing function" within the meaning of Item 1122 of Regulation AB, and shall not permit any Subservicer to hire or otherwise utilize the services of any such Subcontractor Subcontractor, to fulfill any of the obligations of the Company Seller as servicer under the Agreement or any Reconstitution Agreement unless the Company Seller complies with the provisions of paragraph (bii) of this Section.

Appears in 1 contract

Samples: Servicing Agreement (GSR 2007-Oa2)

Use of Subservicers and Subcontractors. The Company Servicer shall not hire or otherwise utilize the services of any Subservicer "participating in the Servicing function" within the meaning that is required to provide an Annual Statement of Item 1122 Compliance or an Assessment of Regulation AB, Compliance to fulfill any of the obligations of the Company Servicer as servicer under the Agreement or any Reconstitution this Agreement unless the Company Servicer complies with the provisions of paragraph (a) of this Section. The Company Servicer shall not hire or otherwise utilize the services of any Subcontractor "participating in the Servicing function" within the meaning that is required to provide an Assessment of Item 1122 of Regulation ABCompliance, and shall not permit any Subservicer that is required to provide an Assessment of Compliance, to hire or otherwise utilize the services of any such Subcontractor Subcontractor, to fulfill any of the obligations of the Company Servicer as servicer under the Agreement or any Reconstitution this Agreement unless the Company Servicer complies with the provisions of paragraph (b) of this Section.

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A2)

Use of Subservicers and Subcontractors. (a) The Company Servicer shall not hire or otherwise utilize the services of any Subservicer "participating in the Servicing servicing function" within the meaning of Item 1122 of Regulation AB, to fulfill any of the obligations of the Company Servicer as servicer under the Agreement or any Reconstitution Agreement unless the Company Servicer complies with the provisions of paragraph (a) of this Section. The Company Servicer shall not hire or otherwise utilize the services of any Subcontractor "participating in the Servicing function" within the meaning of Item 1122 of Regulation AB, and shall not permit any Subservicer to hire or otherwise utilize the services of any such Subcontractor to fulfill any of the obligations of the Company Servicer as servicer under the Agreement or any Reconstitution Agreement unless the Company Servicer complies with the provisions of paragraph (b) of this Section.

Appears in 1 contract

Samples: Luminent Mortgage Trust 2006-6

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