Subject Mortgage Loan definition

Subject Mortgage Loan means a Mortgage Loan listed on Exhibit A to this Agreement.

Subject Mortgage Loan. Any Mortgage Loan that comes into and continues in default and as to which no satisfactory arrangements can be made for collection of delinquent payments pursuant to Section 3.07.

Subject Mortgage Loan means a Mortgage Loan listed on Exhibit A to this Agreement.Section 2. Termination. DBSP hereby terminates the Countrywide Servicing Agreement, pursuant to Section 8.2 thereof, with respect to the Subject Mortgage Loans, effective as of the Termination Effective Date. DBSP and Countrywide hereby agree that the terms of Section 8.2 shall apply to the termination of the Countrywide Servicing Agreement with respect to the Subject Mortgage Loans.Section 3. Costs. Each party will pay all costs and expenses incurred by it in connection with the negotiation and execution and delivery of this Agreement, including, without, limitation the fees, costs and expenses of its counsel.Section 4. Governing law. This instrument shall be governed by, and construed in accordance with, the laws of the State of New York, without reference to its conflict of laws provisions (other than Section 5-1401 of the New York General Obligations Law), and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.Section 5. Counterparts. This Agreement may be executed in separate counterparts, each of which when so executed and delivered shall be an original for all purposes, but all such counterparts shall constitute but one and the same instrument.Section 6. Amendments. No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced.Section 7. Effectiveness. This Agreement shall become effective on the Termination Effective Date after it has been duly executed and delivered by the parties hereto. This Agreement shall bind and inure to the benefit of the successors and assigns of the parties hereto.[Signature Page Follows] IN WITNESS WHEREOF, the parties hereto have each caused this Agreement to be duly executed as of the day and year first above written. DB STRUCTURED PRODUCTS, INC.,Seller By: /s/ Ernest Calabrese Its: DirectorBy: /s/ Rika Yano Its: Vice PresidentCOUNTRYWIDE HOME LOANS SERVICINGLP, a Texas limited partnership ServicerBy: COUNTRYWIDE GP, INC., general partner By:Name:Title: [Signature Page to Termination Agreement] Exhibit A Subject Mortgage Loans[On File]TERMINATION AGREEMENT This TERMINATION AGREEMENT (this “Agreement”), dated as of June 1, 2007, is by and between DB Structured Products, Inc. (“DBSP”) and Countrywide Home Loans Servicing LP (the “Servicer”).RECITALS WHEREAS, the S...

Examples of Subject Mortgage Loan in a sentence

• Within ten (10) Business Days of the date hereof, [the undersigned Option Holder] [______________, an Affiliate of the undersigned Option Holder] will deliver the Option Price to or at the direction of the Special Servicer in exchange for the release of the Subject Mortgage Loan and delivery of the related Mortgage File.

• The undersigned Option Holder agrees that it shall prepare and provide the Special Servicer with such instruments of transfer or assignment, in each case without recourse, as shall be reasonably necessary to vest in it or its designee the ownership of the Subject Mortgage Loan, together with such other documents or instruments as the Special Servicer shall reasonably require to consummate the purchase contemplated hereby.

• The undersigned Option Holder acknowledges and agrees that its exercise of its Purchase Option Notice may not be revoked and that the undersigned Option Holder, or its designee, shall be obligated to close its purchase of the Subject Mortgage Loan in accordance with the terms and conditions of this letter and Section 3.18 of the Pooling and Servicing Agreement.

• Except as set forth above, this Article IX of this Agreement and the respective rights, obligations and responsibilities of the Directing Holder and the Master Servicer hereunder shall terminate and be of no further force and effect upon the final liquidation of the last Subject Mortgage Loan as to which the Directing Holder made any Election to Delay Foreclosure or any Election to Foreclose and the withdrawal of all remaining amounts in the Collateral Account as provided herein.

• Any foreclosure that has been initiated may be discontinued if the Subject Mortgage Loan has been brought current (including the payment to the Collateral Account of all related Payment Advances and Servicing Advances) or if a refinancing or prepayment occurs pursuant to which the Subject Mortgage Loan is brought current (including the payment of all related Payment Advances and Servicing Advances), without notice to the Directing Holder.

• Any foreclosure that has been initiated may be discontinued if the Subject Mortgage Loan has been brought current (including the payment to the Collateral Account of all related P&I Advances and Servicing Advances) or if a refinancing or prepayment occurs pursuant to which the Subject Mortgage Loan is brought current (including the payment of all related P&I Advances and Servicing Advances), without notice to the Directing Holder.

• Upon discovery of any Defect (as defined herein) in a Mortgage File related to a Subject Mortgage Loan, Depositor or its assignee shall promptly notify Seller in writing of such Defect and request that Seller cure such Defect within 90 days from the date Seller was notified of such Defect; provided, however, that if such Defect would cause such Mortgage Loan to be other than a "qualified mortgage" under Section 860G(a)(3) of the Code, then such cure shall be within 90 days of discovery of such Defect.

• Except as set forth above, this Article VII of this Agreement and the respective rights, obligations and responsibilities of the Directing Holder and the Servicer hereunder shall terminate and be of no further force and effect upon the final liquidation of the last Subject Mortgage Loan as to which the Directing Holder made any Election to Delay Foreclosure or any Election to Foreclose and the withdrawal of all remaining amounts in the Collateral Account as provided herein.

• The table below identifies more particularly the Data Tape used in our review for each Subject Mortgage Loan (the “Identified Data Tape”), using your internal loan identification number as set forth in the relevant Data Tape:Loan ID Nos.

• Seller shall comply with all requirements of the applicable Custodial Agreement to which it is a party with respect to each Subject Mortgage Loan, including the delivery to Custodian of all required Mortgage Files.

More Definitions of Subject Mortgage Loan

Subject Mortgage Loan means, individually and collectively, as the context may require, each (i) Purchased Mortgage Loan and (ii) Underlying Mortgage Loan. “Subordinated Debt” shall mean, as of the date of determination thereof, all indebtedness which has been subordinated in writing to the obligations owing to Buyer on terms and conditions acceptable to Buyer. “Subservicer” shall mean any Person that services Mortgage Loans on behalf of the Seller or any Servicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Seller under this Agreement that are identified in Item 1122(d) of Regulation AB. As of the date hereof, the only Subservicer shall be Compu-Link Corporation, dba Celink. “Subservicer Notice” shall mean the notice acknowledged by Subservicer and substantially in the form of Exhibit I hereto. “Subservicing Agreement” shall mean the written contract between Master Servicer or any Servicer, and Subservicer relating to servicing and administration of certain Purchased Mortgage Loans, as modified by the Subservicer Notice.