Common use of Intended Third Party Beneficiaries Clause in Contracts

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the Trustee, the Master Servicer, the Depositor and the Trust Fund receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the Trustee, the Master Servicer, the Depositor and the Trust Fund as if they were parties to this Agreement, and the Trustee, the Master Servicer, the Depositor and the Trust Fund shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the Trustee, the Master Servicer, the Depositor and the Trust Fund hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 71. A new Section 12.15 (Request for Release) is hereby added to read as follows:

Appears in 2 contracts

Sources: Servicing Agreement (Lehman Mortgage Trust 2007-5), Servicing Agreement (Lehman Mortgage Trust 2006-6)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 7149. A new Section 12.15 Exhibit D-3 (Request for ReleaseForm of Loan Loss Report) is hereby added to read as follows:the SWSA. 50. Exhibit L (Transaction Parties) is hereby added to the SWSA. 51. Exhibit H to the SWSA is hereby replaced in its entirety by Exhibit M attached hereto. ARTICLE I. INVNUM

Appears in 1 contract

Sources: Servicing Agreement (Structured Asset Securities Corp)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 7148. A new Section 12.15 Exhibit D-3 (Request for ReleaseForm of Loan Loss Report) is hereby added to read as follows:the SWSA. 49. Exhibit L (Transaction Parties) is hereby added to the SWSA. 50. Exhibit H to the SWSA is hereby replaced in its entirety by Exhibit M attached hereto.

Appears in 1 contract

Sources: Servicing Agreement (Sasco 2006-Wf3)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the Trustee, the Master Servicer, the Depositor and the Trust Fund receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the Trustee, the Master Servicer, the Depositor and the Trust Fund as if they were parties to this Agreement, and the Trustee, the Master Servicer, the Depositor and the Trust Fund shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the Trustee, the Master Servicer, the Depositor and the Trust Fund hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 7172. A new Section 12.15 (Request for Release) is hereby added to read as follows:

Appears in 1 contract

Sources: Servicing Agreement (Lehman Mortgage Trust 2007-9)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer Company shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer Company shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 7150. A new Section 12.15 Exhibit D-3 (Request for ReleaseForm of Loan Loss Report) is hereby added to read as follows:the Master SWSA. 51. Exhibit L (Transaction Parties) is hereby added to the Master SWSA.

Appears in 1 contract

Sources: Servicing Agreement (LXS 2007-3)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer Company shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer Company shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 7152. A new Section 12.15 Exhibit D-3 (Request for ReleaseForm of Loan Loss Report) is hereby added to read as follows:the Master SWSA. 53. Exhibit L (Transaction Parties) is hereby added to the Master SWSA. EXHIBIT C Article I. INVNUM INVESTOR LOAN NUMBER Number no decimals

Appears in 1 contract

Sources: Servicing Agreement (Lehman XS Trust 2006-17)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 71. A new Section 12.15 49. Exhibit L (Request for ReleaseTransaction Parties) is hereby added to read as follows:the SWSA.

Appears in 1 contract

Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-6)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 7150. A new Section 12.15 Exhibit D-3 (Request for ReleaseForm of Loan Loss Report) is hereby added to read as follows:the SWSA. 51. Exhibit L (Transaction Parties) is hereby added to the SWSA. 52. Exhibit H to the SWSA is hereby replaced in its entirety by Exhibit M attached hereto.

Appears in 1 contract

Sources: Servicing Agreement (Sasco 2006-Wf1)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 7150. A new Section 12.15 Exhibit L (Request for ReleaseTransaction Parties) is hereby added to read as follows:the SWSA.

Appears in 1 contract

Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-5)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 7151. A new Section 12.15 Exhibit D-3 (Request for ReleaseForm of Loan Loss Report) is hereby added to read as follows:the SWSA. 52. Exhibit L (Transaction Parties) is hereby added to the SWSA. 53. Exhibit H to the SWSA is hereby replaced by Exhibit M attached hereto. Article I. INVNUM INVESTOR LOAN NUMBER Number no decimals

Appears in 1 contract

Sources: Servicing Agreement (Lehman XS Trust 2006-1)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 7149. A new Section 12.15 Exhibit L (Request for ReleaseTransaction Parties) is hereby added to read as follows:the SWSA. Article I. INVNUM INVESTOR LOAN NUMBER Number no decimals

Appears in 1 contract

Sources: Reconstituted Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-4)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Depositor, the Master Servicer, the Depositor Servicer and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the TrusteeTrust Fund, the Depositor, the Master Servicer, the Depositor Servicer and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Depositor, the Master Servicer, the Depositor Servicer and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Depositor, the Master Servicer, the Depositor Servicer and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Pooling and Servicing Agreement and of the Trust Fund pursuant to the Trust Pooling and Servicing Agreement. 71. A new Section 12.15 (Request for Release) is hereby added to read as follows:

Appears in 1 contract

Sources: Servicing Agreement (RBSGC Mortgage Loan Trust 2007-B)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer Company shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer Company shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 71. A new Section 12.15 50. Exhibit D-3 (Request for ReleaseForm of Loan Loss Report) is hereby added to read as follows:the Master SWSA.

Appears in 1 contract

Sources: Servicing Agreement (Lehman XS Trust 2007-1)

Intended Third Party Beneficiaries. Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions. The Servicer shall have the same obligations to the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee as if they were parties to this Agreement, and the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee shall have the same rights and remedies to enforce the provisions of this Agreement as if they were parties to this Agreement. The Servicer shall only take direction from the Master Servicer (if direction by the Master Servicer is required under this Agreement) unless otherwise directed by this Agreement. Notwithstanding the foregoing, all rights and obligations of the TrusteeTrust Fund, the Master Servicer, the Depositor and the Trust Fund Trustee hereunder (other than the right to indemnification) shall terminate upon termination of the Trust Agreement and of the Trust Fund pursuant to the Trust Agreement. 7147. A new Section 12.15 Exhibit L (Request for ReleaseTransaction Parties) is hereby added to read as follows:the SWSA. 48. Exhibit M (Affiliations) is hereby added to the SWSA. Article I. INVNUM INVESTOR LOAN NUMBER Number no decimals

Appears in 1 contract

Sources: Reconstituted Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-8)