Common use of Holder of Notes Clause in Contracts

Holder of Notes. The Owner is the owner and holder of the Mortgages, Mortgage Notes, and servicing rights thereto, (with each note endorsee to Owner), and is the beneficiary or mortgagee of record of the Mortgage securing such Mortgage Loans. The servicing responsibilities contracted for as of the related Transfer Date have not been assigned or pledged, and the Owner has good and marketable interest therein, and has full right to transfer the servicing responsibilities to the Servicer free and clear of ant encumbrance, equity, interest, lien, pledge, charge, claim or security interest, and has full right and authority subject to no interest, or agreement with, any other party, (other than any notice required by law, regulation or otherwise, to be delivered to the Mortgagors) to assign the servicing responsibilities pursuant to this Agreement. Flow Special Servicing Agreement 29

Holder of Notes. The Owner is the owner and holder of the Mortgages, Mortgage Notes, and servicing rights thereto, (with each note endorsee endorsed to Owner), and is the beneficiary or mortgagee of record of the Mortgage securing such Mortgage Loans. The servicing responsibilities contracted for as of the related Transfer Date have not been assigned or pledged, and the Owner has good and marketable interest therein, and has full right to transfer the servicing responsibilities to the Servicer free and clear of ant any encumbrance, equity, interest, lien, pledge, charge, claim or security interest, and has full right and authority subject to no interest, or agreement with, any other party, (other than any notice required by law, regulation or otherwise, to be delivered to the Mortgagors) to assign the servicing responsibilities pursuant to this Agreement. Flow Special Servicing Agreement 29Agreement

Holder of Notes. The Owner is the owner and holder of the Mortgages, Mortgages and Mortgage Notes, and servicing rights thereto, (with each note endorsee endorsed to Owner), and is the beneficiary or mortgagee of record of the Mortgage securing such Mortgage Loans. The servicing responsibilities contracted for as of the related Transfer Date have not been assigned or pledged, and the Owner has good and marketable interest therein, and has full right to transfer the servicing responsibilities to the Servicer free and clear of ant any encumbrance, equity, interest, lien, pledge, charge, claim or security interest, and has full right and authority subject to no interest, interest or agreement with, with any other party, party (other than any notice required by law, regulation or otherwise, to be delivered to the Mortgagorsapplicable Requirements) to assign the servicing responsibilities pursuant to this Agreement. Flow Special Servicing Agreement 29.