Common use of Conversion to Fixed Interest Rate Clause in Contracts

Conversion to Fixed Interest Rate. With respect to Adjustable Rate Mortgage Loans, the Mortgage Loan is not a Convertible Mortgage Loan;

Appears in 58 contracts

Sources: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (First NLC Securitization, Inc.), Mortgage Loan Purchase Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)

Conversion to Fixed Interest Rate. With respect to Adjustable Rate Mortgage Loans, the Mortgage Loan is not a Convertible convertible Mortgage Loan;

Appears in 12 contracts

Sources: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2003-Sea), Pooling and Servicing Agreement (GSAMP Trust 2004-Nc1), Pooling and Servicing Agreement (Gs Mortgage Securities Corp Gsaa Trust 2004-Nc1)

Conversion to Fixed Interest Rate. With respect to Adjustable Rate Mortgage Loans, the Mortgage Loan is not convertible to a Convertible Mortgage fixed interest rate Loan;.

Appears in 12 contracts

Sources: Master Repurchase Agreement (Caliber Home Loans, Inc.), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Conversion to Fixed Interest Rate. With respect to Adjustable Rate Mortgage Loans, the The Mortgage Loan is not a Convertible convertible Mortgage Loan;

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Gs Mortgage Securities Corp. Gsaa Home Equity Trust 2004-9), Pooling and Servicing Agreement (GSAA Home Equity Trust 2005-2)

Conversion to Fixed Interest Rate. With respect to each Adjustable Rate Mortgage LoansLoan, the Mortgage Loan is not a Convertible Mortgage Loan;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc3)

Conversion to Fixed Interest Rate. With respect to Adjustable Rate adjustable rate Mortgage Loans, the Mortgage Loan is not a Convertible Mortgage Loan;

Appears in 1 contract

Sources: Mortgage Loan Purchase and Interim Servicing Agreement (Five Oaks Investment Corp.)

Conversion to Fixed Interest Rate. With respect to Adjustable Rate --------------------------------- adjustable rate Mortgage Loans, the Mortgage Loan is not convertible to a Convertible fixed interest rate Mortgage Loan;.

Appears in 1 contract

Sources: Master Loan and Security Agreement (New Century Financial Corp)

Conversion to Fixed Interest Rate. With respect to Adjustable Rate adjustable --------------------------------- rate Mortgage Loans, the Mortgage Loan is not convertible to a Convertible fixed interest rate Mortgage Loan;.

Appears in 1 contract

Sources: Master Loan and Security Agreement (Life Financial Corp)