ACKNOWLEDGEMENT BY PRIMARY SERVICER Sample Clauses

The 'Acknowledgement by Primary Servicer' clause requires the primary servicer to formally recognize and accept its obligations and responsibilities under the agreement. Typically, this involves the primary servicer signing a document or providing written confirmation that it understands and agrees to the terms set forth, such as servicing standards, reporting requirements, or cooperation with other parties. This clause ensures that all parties are aligned regarding the servicer's role, reducing the risk of misunderstandings or disputes about duties and expectations.
ACKNOWLEDGEMENT BY PRIMARY SERVICER. The Primary Servicer agrees, to the extent applicable to the Primary Servicer and the Mortgage Loans serviced by the Primary Servicer, to be bound by the terms of Sections 5.1(g), 8.3, 8.4, 8.7, 8.10, 8.18, 8.25(e) and 8.26 of this Agreement.
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ACKNOWLEDGEMENT BY PRIMARY SERVICER. 287 -vi- EXHIBITS AND SCHEDULES ---------------------- EXHIBIT A-1 Form of Class A-1 Certificate EXHIBIT A-2 Form of Class A-2 Certificate EXHIBIT A-3 Form of Class A-3 Certificate EXHIBIT A-4 Form of Class A-4 Certificate EXHIBIT A-5 Form of Class A-5 Certificate EXHIBIT A-6 Form of Class A-6 Certificate EXHIBIT A-7 Form of Class B Certificate EXHIBIT A-8 Form of Class C Certificate EXHIBIT A-9 Form of Class D Certificate EXHIBIT A-10 Form of Class E Certificate EXHIBIT A-11 Form of Class F Certificate EXHIBIT A-12 Form of Class G Certificate EXHIBIT A-13 Form of Class H Certificate EXHIBIT A-14 Form of Class J Certificate EXHIBIT A-15 Form of Class K Certificate EXHIBIT A-16 Form of Class L Certificate EXHIBIT A-17 Form of Class M Certificate EXHIBIT A-18 Form of Class N Certificate EXHIBIT A-19 Form of Class O Certificate EXHIBIT A-20 Form of Class P Certificate EXHIBIT A-21 Form of Class R-I Certificate EXHIBIT A-22 Form of Class R-II Certificate EXHIBIT A-23 Form of Class R-III Certificate EXHIBIT A-24 Form of Class X-1 Certificate EXHIBIT A-25 Form of Class X-2 Certificate EXHIBIT B-1 Form of Initial Certification of Trustee (Section 2.2) EXHIBIT B-2 Form of Final Certification of Trustee (Section 2.2) EXHIBIT C Form of Request for Release EXHIBIT D-1 Form of Transferor Certificate for Transfers to Definitive Privately Offered Certificates (Section 3.3(c)) EXHIBIT D-2A Form I of Transferee Certificate for Transfers of Definitive Privately Offered Certificates (Section 3.3(c)) EXHIBIT D-2B Form II of Transferee Certificate for Transfers of Definitive Privately Offered Certificates (Section 3.3(c)) EXHIBIT D-3A Form I of Transferee Certificate for Transfers of Interests in Book-Entry Privately Offered Certificates (Section 3.3(c)) EXHIBIT D-3B Form II of Transferee Certificate for Transfers of Interests in Book-Entry Privately Offered Certificates (Section 3.3(c)) EXHIBIT E-1 Form of Transfer Affidavit and Agreement (Section 3.3(e)) EXHIBIT E-2 Form of Transfer Affidavit and Agreement (Section 3.3(e)) EXHIBIT F Form of Regulation S Certificate EXHIBIT G-1 Form of Principal Primary Servicing Agreement EXHIBIT G-2 Reserved EXHIBIT H Form of Exchange Certification EXHIBIT I Form of Euroclear Bank or Clearstream Bank Certificate (Section 3.7(d) EXHIBIT J List of Loans as to Which Excess Servicing Fees Are Paid ("Excess Servicing Fee") EXHIBIT K-1 Form of Mortgage Loan Purchase Agreement I (BSCMI) EXHIBIT K-2 Form of Mortgage Loan Purchase Agreement II (▇▇▇...
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Related to ACKNOWLEDGEMENT BY PRIMARY SERVICER

  • Assignment by Depositor Concurrently with the execution of this Agreement, the Depositor shall assign its interest under this Agreement with respect to the Mortgage Loans to the Trustee, and the Trustee then shall succeed to all rights of the Depositor under this Agreement. All references to the rights of the Depositor in this Agreement shall be deemed to be for the benefit of and exercisable by its assignee or designee, specifically including the Trustee.

  • Assignment by the Depositor or the Servicer Notwithstanding anything to the contrary contained herein, except as provided in Sections 6.04 and 7.03 herein and as provided in the provisions of this Agreement concerning the resignation of the Servicer, this Agreement may not be assigned by the Depositor or the Servicer.

  • of the Custodial Agreement The Trust hereby acknowledges and agrees to the terms of the Custodial Agreement.

  • Limitation on Resignation and Assignment by Servicer The Owner has entered into this Agreement with the Servicer and subsequent Owners will purchase the Mortgage Loans in reliance upon the independent status of the Servicer, and the representations as to the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing, and the continuance thereof. Therefore, the Servicer shall neither assign this Agreement or the servicing hereunder or delegate its rights or duties hereunder or any portion hereof (to other than a third party in the case of outsourcing routine tasks such as taxes, insurance and property inspection, in which case the Servicer shall be fully liable for such tasks as if the Servicer performed them itself) or sell or otherwise dispose of all or substantially all of its property or assets without the prior written consent of the Owner, which consent shall be granted or withheld in the reasonable discretion of the Owner, provided, however, that the Servicer may assign its rights and obligations hereunder without prior written consent of the Owner to any entity that is directly owned or controlled by the Servicer, and the Servicer guarantees the performance of such entity hereunder. In the event of such assignment by the Servicer, the Servicer shall provide the Owner with a written statement guaranteeing the successor entity's performance of the Servicer's obligations under the Agreement. The Servicer shall not resign from the obligations and duties hereby imposed on it except by mutual consent of the Servicer and the Owner or upon the determination that its duties hereunder are no longer permissible under applicable law and such incapacity cannot be cured by the Servicer. Any such determination permitting the resignation of the Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Owner which Opinion of Counsel shall be in form and substance acceptable to the Owner. No such resignation shall become effective until a successor shall have assumed the Servicer's responsibilities and obligations hereunder in the manner provided in Section 10.01. Without in any way limiting the generality of this Section 8.03, in the event that the Servicer either shall assign this Agreement or the servicing responsibilities hereunder or delegate its duties hereunder or any portion thereof (to other than a third party in the case of outsourcing routine tasks such as taxes, insurance and property inspection, in which case the Servicer shall be fully liable for such tasks as if the Servicer performed them itself) or sell or otherwise dispose of all or substantially all of its property or assets, without the prior written consent of the Owner, then the Owner shall have the right to terminate this Agreement upon notice given as set forth in Section 9.01 without any payment of any penalty or damages and without any liability whatsoever to the Servicer or any third party.

  • Assignment by Issuer The Seller hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Receivables and/or the assignment of any or all of the Issuer’s rights and obligations hereunder to the Indenture Trustee.