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Common use of Conversion to Fixed Interest Rate Clause in Contracts

Conversion to Fixed Interest Rate. With respect to each ARM Mortgage Loan; the Mortgage Loan does not contain a provision permitting or requiring conversion to a fixed interest rate Mortgage Loan. 10. The Existing Servicing Agreement is hereby amended by adding the following language as a new Section 4.20:

Appears in 4 contracts

Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-15), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-26), Servicing Agreement (Structured Asset Securities Corp Mort Pass THR Cert Ser 2002)

Related Clauses

  • Fixed Interest Rate
  • Interest Rate Adjustment
  • Adjustment to Interest Rate
  • Fixed Interest Rates
  • Interest Rate

Parent Clauses

  • Representations and Warranties Regarding Individual Mortgage Loans
  • Representations Warranties and Covenants of the Seller Remedies for Breach
  • Credit Reporting; Gramm-Leach-Bliley Act
  • Miscellaneous
  • Representations Warranties and Covenants Remedies for Breach

Sub-Clauses

  • Accrual of Cause of Action
  • Sole Remedy
  • Cure or Repurchase
  • Notice of Breach
  • Substitution or Repurchase
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