Common use of Guarantee of Certain Obligation of Servicer under Servicing Agreement Clause in Contracts

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guara▇▇▇▇▇ to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 54 contracts

Sources: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar5 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-3 Trust), Servicing Agreement (Wells Fargo Asset Securities Corp)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guara▇▇▇▇▇ arantees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 8 contracts

Sources: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-2 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-10 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-16 Trust)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guara▇guaran▇▇▇▇ to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 5 contracts

Sources: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-18 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar3 Trust), Servicing Agreement (Wells Fargo Alternative Loan 2007-Pa5 Trust)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guara▇▇▇▇ uarantees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 3 contracts

Sources: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar3 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar1 Trust)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells ▇▇▇▇▇ Fargo hereby absolutely, unconditionally and irrevocably guara▇▇▇▇▇ guarantees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 2 contracts

Sources: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-19 Trust), Servicing Agreement (Wells Fargo Asset Securities Corp)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guara▇irrevoc▇▇▇▇ guarantees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 2 contracts

Sources: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-13 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-7 Trust)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guara▇▇▇▇▇ntees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 1 contract

Sources: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar8 Trust)