Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner to deliver to the Owner (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 12 contracts
Sources: Servicing Agreement (GSR Mortgage Loan Trust 2007-5f), Flow Servicing Agreement (GSR Mortgage Loan Trust 2007-1f), Servicing Agreement (GSR 2007-Oa2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 35 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, staff and agrees to comply with all requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully in a commercially reasonable manner with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 12 contracts
Sources: Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-11ar), Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII of this Agreement Regulation AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Regulation AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement Regulation AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) and one of any DepositorMaster Servicer or any Depositor (as requested), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, Loans reasonably believed by the Owner Purchaser, the Master Servicer or any Depositor to be necessary in order to effect such compliance. The Owner (including For purposes of this Regulation AB Addendum, the term “Purchaser” shall refer to Redwood Residential Acquisition Corporation and its successors in interest and assigns. In addition, any of its assignees notice or designees) shall cooperate with the Servicer request that must be “in writing” or “written” may be made by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation ABelectronic mail.
Appears in 11 contracts
Sources: Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-6), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-4), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 34 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) Purchaser shall cooperate with the Servicer Seller by providing timely notice of as required under this Section 34 for requests for information under these provisions and by reasonably limiting such requests to information requirednecessary, in the Owner’s reasonable Purchaser's good faith judgment, to comply with Regulation AB.
Appears in 11 contracts
Sources: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-15xs), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-2ax)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII of this Agreement Regulation AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Regulation AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement Regulation AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offerings. The Purchaser and the Company also acknowledge and agree that amendments to Regulation AB may become effective during the term of this Agreement and that both parties will use commercially reasonable efforts to comply with such amendments. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) and one of any DepositorMaster Servicer or any Depositor (as requested), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, Loans reasonably believed by the Owner Purchaser, the Master Servicer or any Depositor to be necessary in order to effect such compliance. The Owner (including any For purposes of this Regulation AB Addendum, the term “Purchaser” shall refer to Redwood Residential Acquisition Corporation and its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, successors in the Owner’s reasonable judgment, to comply with Regulation AB.interest and
Appears in 10 contracts
Sources: Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2012-5), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2012-4), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2012-3)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 33 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 10 contracts
Sources: Pooling and Servicing Agreement (GSAMP Trust 2007-H1), Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Pooling and Servicing Agreement (GSAMP Trust 2006-He7)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII XIV of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner to deliver to the Owner (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. The Notwithstanding anything to the contrary in this Agreement, the Servicer shall be under no obligation to provide any information that either the Owner or Depositor deem required under Regulation AB if (including i) the Servicer does not believe that such information is required under Regulation AB and (ii) the Servicer is not providing such information for securitizations on its own Shelf Registration on Form S-3 (or any Shelf Registration on Form S-3 of any of its assignees Affiliates relating to the same asset type) unless either the Owner or designees) shall cooperate Depositor pays all reasonable incremental costs incurred by the Servicer in connection with the preparation and delivery of such information. The Servicer by providing timely notice shall deliver any such information within 15 days of requests for such written request, if such information under these provisions and by reasonably limiting such requests to is quantitative information requiredset forth on, or which may be derived from, information in the Owner’s Servicer's databases, or otherwise within a commercially reasonable judgment, time taking into account the time required to comply with Regulation ABimplement the necessary systems and procedures to produce such information.
Appears in 10 contracts
Sources: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-13)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 12 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 8 contracts
Sources: Mortgage Loan Purchase Agreement (First Franklin Mortgage Loan Trust, Series 2007-FFC), Mortgage Loan Purchase Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-5), Mortgage Loan Purchase Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-3)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 33 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-asset backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. Furthermore, the Purchaser and the Company agree that if any such changes in the interpretations of the requirements of Regulation AB materially affect this Section 33, then the Purchaser and the Seller will amend such affected provisions. In connection with the above, the Purchaser agrees to give the Seller prompt written notice of changes in the requirements of Regulation AB that might affect its obligations under this Section 33. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 8 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Ixis Real Estate Capital Trust 2006-2), Pooling and Servicing Agreement (Morgan Stanley Home Equity Loan Trust 2007-1), Pooling and Servicing Agreement (Morgan Stanley Home Equity Loan Trust 2006-1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer acknowledge and agree that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Servicer any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 8 contracts
Sources: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII IX of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Owner, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner and any Master Servicer to deliver to the Owner (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Owner, any Master Servicer or any Depositor to permit the Owner Owner, any Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Owner, any Master Servicer or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 7 contracts
Sources: Confirmation Agreement (Bayview 2006-B), Servicing Confirmation Agreement (Bayview Financial Mortgage Pass-Through Trust 2007-A), Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-A)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 34 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 7 contracts
Sources: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-13), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII of this Agreement Regulation AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Regulation AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement Regulation AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offerings. The Purchaser and the Company also acknowledge and agree that amendments to Regulation AB may become effective during the term of this Agreement and that both parties will use commercially reasonably efforts to comply with such amendments. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) and one of any DepositorMaster Servicer or any Depositor (as requested), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, Loans reasonably believed by the Owner Purchaser, the Master Servicer or any Depositor to be necessary in order to effect such compliance. The Owner (including any For purposes of this Regulation AB Addendum, the term “Purchaser” shall refer to Redwood Residential Acquisition Corporation and its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, successors in the Owner’s reasonable judgment, to comply with Regulation AB.interest and
Appears in 7 contracts
Sources: Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-4), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-3), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2013-1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offeringsofferings to the extent that such comparable disclosure becomes industry standard in similar transactions. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the provisions of Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)) that are applicable to any Securitization Transaction. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner or any Depositor cooperate in good faith for with the Purchaser or any Depositor, upon a request made in good faith, regarding the Company’s delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully as set forth herein with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable good faith judgment, to comply with Regulation AB.
Appears in 7 contracts
Sources: Flow Seller’s Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-Ar1), Flow Seller’s Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2006-9f), Flow Seller’s Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2006-8f)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII II of this Agreement Reg AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser and the Company also acknowledge and agree Section 2.02(a)(i)-(v), Section 2.03(c), (including e) and (f), Section 2.04, Section 2.05 and Section 2.06 of this Reg AB Addendum shall only be applicable with respect to any Mortgage Loan if the Company (or Subservicer, if any) services such Mortgage Loan following the closing date of a related Securitization Transaction. The Purchaser and the Company also acknowledge and agree that this Reg AB Addendum is intended to supplement the terms of the Agreement and, to the extent inconsistent, the rights and obligations under the Agreement shall continue to apply with respect to any Reconstitution (as defined in the Agreement) that is not covered by the definition of “Securitization Transaction” in this Reg AB Addendum; provided, however, that the requirement to provide an accountants’ report pursuant to Section 6.05 of the Agreement shall be deemed satisfied with respect to any Reconstitution that occurs prior to, on or following the date hereof by providing an accountants’ attestation that satisfies the requirements of Section 2.05(a)(ii) of this Reg AB Addendum. For purposes of this Reg AB Addendum, the term “Purchaser” shall refer to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Mortgage Capital Inc. and its assignees successors in interest and assigns. In addition, any notice or designees) request that must be “in writing” or “written” may be made by electronic mail. The Purchaser shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information requirednecessary, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 6 contracts
Sources: Regulation Ab Compliance Addendum (Morgan Stanley Mortgage Loan Trust 2007-7ax), Regulation Ab Compliance Addendum (Morgan Stanley Mortgage Loan Trust 2007-14ar), Regulation Ab Compliance Addendum (Morgan Stanley Mortgage Loan Trust 2007-10xs)
Intent of the Parties; Reasonableness. The Owner Purchaser, each Seller and the Servicer acknowledge acknowledges and agree agrees that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Seller and the Servicer acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Each Seller and the Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Sellers and the Servicer shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Sellers, the Servicer, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 6 contracts
Sources: Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-11), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-12xs)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII II of this Agreement Reg AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB, subject to the limitations of Item 1105(f) of Regulation AB, as applicable. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, subject to the limitations of Item 1105(f) of Regulation AB, as applicable, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 6 contracts
Sources: Regulation Ab Compliance Addendum (Banc of America Funding 2006-2 Trust), Regulation Ab Compliance Addendum (Banc of America Funding 2006-3 Trust), Regulation Ab Compliance Addendum (Banc of America Funding 2006-4 Trust)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII IX of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Owner, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner and the Master Servicer to deliver to the Owner (including any of its assignees or designees) ), any master servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Owner, any Master Servicer or any Depositor to permit the Owner Owner, any Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 6 contracts
Sources: Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2007-B), Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-C), Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-A)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 33 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 6 contracts
Sources: Pooling and Servicing Agreement (GSAMP Trust 2007-H1), Pooling and Servicing Agreement (GSAMP Trust 2006-He7), Pooling and Servicing Agreement (GSAMP Trust 2006-He4)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII X of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner to deliver to the Owner (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Servicer any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 6 contracts
Sources: Servicing Agreement (GSR Mortgage Loan Trust 2006-10f), Servicing Agreement (GSR Mortgage Loan Trust 2007-Ar2), Servicing Agreement (GSR Mortgage Loan Trust 2006-Oa1)
Intent of the Parties; Reasonableness. The Owner and the Servicer parties hereto acknowledge and agree that the purpose of Article XII Sections 4.01(b), 6.04 and 11.02 through 11.05 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser, any Master Servicer or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization TransactionTransaction where the Seller is an originator of the related Mortgage Loans, the Servicer shall Seller agrees to cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Seller, any Master Servicer and the Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Seller and the Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB. The parties hereto acknowledge and agree that, in connection with a Securitization Transaction, (i) no party shall file with the Commission any report contemplated by Item 1122 of Regulation AB with respect to the Seller, the Servicer, any Subservicer or any Subcontractor if such entity’s activities relate to five percent (5%) or less of the asset pool of such Securitization Transaction, and (ii) no party shall file with the Commission any servicer compliance statement contemplated by Item 1123 of Regulation AB with respect to the Seller, the Servicer, any Subservicer or any Subcontractor if such entity’s activities relate to less than ten percent (10%) of the asset pool of such Securitization Transaction.
Appears in 6 contracts
Sources: Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (J.P. Morgan Mortgage Trust 2006-S4), Mortgage Loan Purchase Agreement (J.P. Morgan Mortgage Trust 2006-S1), Mortgage Loan Purchase Agreement (J.P. Morgan Alternative Loan Trust 2006-S1)
Intent of the Parties; Reasonableness. The Owner Purchaser, each Seller and the Servicer acknowledge acknowledges and agree agrees that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Seller and the Servicer acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Each Seller and the Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Sellers and the Servicer shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Sellers, the Servicer, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Seller and the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 6 contracts
Sources: Mortgage Loan Flow Purchase, Sale & Servicing Agreement (GSR Mortgage Loan Trust 2007-3f), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (GSR Mortgage Loan Trust 2006-8f), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (GSR Mortgage Loan Trust 2007-Ar2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII of this Agreement Regulation AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Regulation AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement Regulation AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offerings. The Purchaser and the Company also acknowledge and agree that amendments to Regulation AB may become effective during the term of this Agreement and that both parties will use commercially reasonably efforts to comply with such amendments. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) and one of any DepositorMaster Servicer or any Depositor (as requested), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, Loans reasonably believed by the Owner Purchaser, the Master Servicer or any Depositor to be necessary in order to effect such compliance. The Owner (including For purposes of this Regulation AB Addendum, the term “Purchaser” shall refer to Redwood Residential Acquisition Corporation and its successors in interest and assigns. In addition, any of its assignees notice or designees) shall cooperate with the Servicer request that must be “in writing” or “written” may be made by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation ABelectronic mail.
Appears in 5 contracts
Sources: Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2012-3), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2012-3), Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2012-2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 13 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any master servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser and any master servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any master servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the master servicer or any Depositor to permit the Owner Purchaser, such master servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 5 contracts
Sources: Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Ar4), Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Ar7), Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Ar1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 32 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges Each of the Seller and the Purchaser acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, each of the Servicer Seller and the Purchaser shall cooperate fully with the Owner other party to deliver to the Owner (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner or party requesting such Depositor information to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 5 contracts
Sources: Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Pooling and Servicing Agreement (GSAMP Trust 2006-Fm2)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII XI of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Securities and Exchange Commission (the “Commission”). Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act of 1933, as amended (the “Securities Act”), the Servicer acknowledges that investors in privately offered securities may require that the Owner Servicer or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Securities Exchange Act and of 1934, as amended (the “Exchange Act”) and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)) and the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Owner, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall reasonably cooperate fully with the Owner and any Master Servicer to deliver to the Owner (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Owner, the Master Servicer or any Depositor to permit the Owner Owner, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely written notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB. The Owner and the Servicer also acknowledge and agree Section 11.02(a)(i)-(v), Section 11.03(d) and (e), Section 11.04, Section 11.05 and Section 11.06 of this Reg AB Addendum shall only be applicable with respect to any Mortgage Loan if the Servicer (or Subservicer, if any) services such Mortgage Loan for a period following the closing date of a related Securitization Transaction. The Owner and the Servicer also acknowledge and agree that this Article XI is intended to supplement the terms of the Agreement and, to the extent inconsistent, the rights and obligations under the Agreement shall continue to apply with respect to any Reconstitution (as defined herein) that is not covered by the definition of “Securitization Transfer” herein. Any notice or request that must be “in writing” or “written” may be made by electronic mail.
Appears in 5 contracts
Sources: Servicing Agreement (Altisource Residential Corp), Servicing Agreement (Altisource Residential Corp), Servicing Agreement (Altisource Residential Corp)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII II of this Agreement Reg AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement Reg AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offeringsofferings to the extent not contrary to industry standard practice. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the provisions of the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder that are applicable to any Securitization Transaction (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner or any Depositor negotiate in good faith for with the Purchaser, any Master Servicer or any Depositor, upon a request made in good faith, regarding the Company's delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, any Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 5 contracts
Sources: Regulation Ab Compliance Addendum (Banc of America Funding 2006-2 Trust), Regulation Ab Compliance Addendum (Banc of America Funding 2006-4 Trust), Regulation Ab Compliance Addendum (Banc of America Funding 2006-3 Trust)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII Section 31 of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner to deliver to the Owner (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. The Notwithstanding anything to the contrary in this Agreement, the Servicer shall be under no obligation to provide any information that either the Owner or Depositor deem required under Regulation AB if (including i) the Servicer does not believe that such information is required under Regulation AB and (ii) the Servicer is not providing such information for securitizations on its own Shelf Registration on Form S-3 (or any Shelf Registration on Form S-3 of any of its assignees Affiliates relating to the same asset type) unless either the Owner or designees) shall cooperate Depositor pays all reasonable incremental costs incurred by the Servicer in connection with the preparation and delivery of such information. The Servicer by providing timely notice shall deliver any such information within 15 days of requests for such written request, if such information under these provisions and by reasonably limiting such requests to is quantitative information requiredset forth on, or which may be derived from, information in the Owner’s Servicer's databases, or otherwise within a commercially reasonable judgment, time taking into account the time required to comply with Regulation ABimplement the necessary systems and procedures to produce such information.
Appears in 5 contracts
Sources: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-14sl), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-10sl), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-4sl)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-asset backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Seller any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (BCAP LLC Trust 2008-Ind1), Trust Agreement (BCAP LLC Trust 2007-Aa1), Master Servicing and Trust Agreement (BCAP LLC Trust 2006-Aa2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 32 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc5), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc3)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 16 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information reasonably necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage LoansLoans provided that the Seller is servicing the Mortgage Loans of the related Securitization, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (BCAP LLC Trust 2008-Ind1), Trust Agreement (BCAP LLC Trust 2007-Aa1), Master Servicing and Trust Agreement (BCAP LLC Trust 2006-Aa2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII 2 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering thereunder. Although Regulation AB is applicable by its terms only to offerings of disclosure comparable to asset-backed securities that required are registered under the Securities Act), the parties acknowledges that investors in privately offered securities may require that the Purchaser or any Depositor provide comparable disclosure in unregistered offerings. The Servicer parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. The Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and . The Company agrees to comply negotiate in good faith with requests made by the Owner Purchaser or any Depositor in good faith with regard to any reasonable requests for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, and any parties or items identified in writing by the Purchaser, including, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be Loans necessary in order to effect such compliance, in the Purchaser’s or Depositor’s reasonable determination. The Owner (including any of its assignees or designees) shall Purchaser agrees that it will cooperate with the Servicer by providing Company and provide sufficient and timely notice of any information requirements pertaining to a Securitization Transaction. The Purchaser will make all reasonable efforts to limit requests for information under these provisions and by information, reports or any other materials to items the Purchaser reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply believes is required for compliance with Regulation AB, and shall not request information which is not required for such compliance.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-4), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-3), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-5)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII II of this Agreement Reg AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Flow Sale and Servicing Agreement (Banc of America Funding 2006-D Trust), Flow Sale and Servicing Agreement (Luminent Mortgage Trust 2006-6), Regulation Ab Compliance Addendum (Banc of America Funding 2007-3 Trust)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 34 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 32 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB, subject to Section 1105(f) of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any , subject to Section 1105(f) of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Ixis Real Estate Capital Trust 2006-2), Pooling and Servicing Agreement (Morgan Stanley IXIS Real Estate Capital Trust 2006-1), Pooling and Servicing Agreement (Morgan Stanley Home Equity Loan Trust 2007-1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII Section 7A of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities ActAct of 1933, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities ActAct of 1933, the Exchange Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act of 1933) and the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. In the event of any conflict between Section 7A and any other term or provision in this Agreement, the provisions of Section 7A shall control. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Master Seller's Warranties and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-3), Master Seller's Warranties and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-1), Master Seller's Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 33 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, staff or consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Master Servicing and Trust Agreement (GSAA Home Equity Trust 2006-9), Pooling and Servicing Agreement (GSAMP Trust 2006-He3)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 34 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 33 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. Furthermore, the Purchaser and the Seller agree that if any changes in the interpretations of the requirements of Regulation AB materially affect this Section 33, then the Purchaser and the Seller will amend such affected provisions. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (GSAMP Trust 2007-H1), Pooling and Servicing Agreement (GSAMP Trust 2006-He7), Pooling and Servicing Agreement (GSAMP Trust 2006-He4)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 34 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-17xs), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-1xs), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-3xs)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner to deliver to the Owner (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Owner, any Master Servicer or any Depositor to permit the Owner Owner, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 4 contracts
Sources: Master Servicing Agreement (Sequoia Mortgage Trust 2007-3), Master Servicing Agreement (Sequoia Mortgage Trust 2007-1), Master Servicing Agreement (Sequoia Mortgage Trust 2007-2)
Intent of the Parties; Reasonableness. The Owner Seller, Servicer and the Servicer Trust acknowledge and agree that the purpose of Article XII Four of this Agreement is to facilitate compliance by the Owner Trust and any the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, Neither the Servicer acknowledges that investors in privately offered securities may require that nor the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor Trust shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner or any Depositor Trust in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transactionthis transaction, the Servicer shall cooperate fully with the Owner Trust to deliver to the Owner (including any of its assignees or designees) and any Depositor, Trust any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor Trust to permit the Owner or such Depositor Trust to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage LoansReceivables, or the servicing of the Mortgage LoansReceivables, reasonably believed by the Owner or any Depositor Trust to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) Trust shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, judgment of the Trust to comply with Regulation AB.
Appears in 4 contracts
Sources: Sale and Servicing Agreement (UPFC Auto Receivables Trust 2007-A), Sale and Servicing Agreement (UPFC Auto Receivables Trust 2007-B), Sale and Servicing Agreement (UPFC Auto Receivables Trust 2006-B)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 34 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply negotiate in good faith with Purchaser or any Depositor upon requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully as provided herein with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII XI of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Subsequent Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, any Master Servicer or any Depositor to permit the Owner Purchaser, any Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, or any Subservicer Third- Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Mortgage Loan Purchase Agreement (Angel Oak Mortgage, Inc.), Mortgage Loan Purchase Agreement (Angel Oak Mortgage, Inc.), Mortgage Loan Purchase Agreement (Angel Oak Mortgage, Inc.)
Intent of the Parties; Reasonableness. The Owner Purchaser, the Servicer and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 33 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Seller and the Servicer acknowledges acknowledge that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)) and the provisions of this Section 33 shall not apply to Securitization Transactions which close prior to January 1, 2006. The Seller and Servicer acknowledges acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Seller and the Servicer shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Seller, the Servicer, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Seller and the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Master Loan Purchase and Servicing Agreement (MASTR Alternative Loan Trust 2006-2), Master Loan Purchase and Servicing Agreement (MASTR Alternative Loan Trust 2006-3), Loan Purchase and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-1)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII of this Agreement Sections 8.4, 8.5, 8.6, 8.7, 8.8 and 8.9 is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or and for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to shall comply with requests made by the Owner or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner to deliver to the Owner (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any such Depositor to permit the Owner or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any such Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s 's reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Servicing Agreement (GSR Mortgage Loan Trust 2007-3f), Servicing Agreement (GSR Mortgage Loan Trust 2006-8f), Servicing Agreement (GSR Mortgage Loan Trust 2006-9f)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII 2 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or and Section 302 of the provision in a private offering Sarbanes Oxley Act. Although Regulation AB is applicable by its terms only to offerings of disclosure comparable to asset-backed securities that required are registered under the Securities Act), the parties acknowledge that investors in privately offered securities may require that the Purchaser or any Depositor provide comparable disclosure in unregistered offerings. The Servicer parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. The Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply negotiate in good faith with requests made by the Owner Purchaser or any Depositor in good faith with regard to any reasonable requests for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, and any parties or items identified in writing by the Purchaser, including, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, Loans reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall Purchaser agrees that it will cooperate with the Servicer by providing Company and provide sufficient and timely notice of any information requirements pertaining to a Securitization Transaction. The Purchaser will make all reasonable efforts to limit requests for information under these provisions and by reasonably limiting such requests information, reports or any other materials to information required, items required for compliance with Regulation AB in the OwnerPurchaser’s reasonable judgment, to comply with Regulation ABand shall not request information which is not required for such compliance.
Appears in 3 contracts
Sources: Mortgage Loan Purchase and Servicing Agreement (MASTR Alternative Loan Trust 2007-1), Mortgage Loan Purchase and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-3), Mortgage Loan Purchase and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-Oa2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII 13 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offeringsofferings to the extent such comparable disclosures in unregistered offerings are consistent with industry practice. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder that are applicable to any Securitization Transaction (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for regarding the Company’s delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax), Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)
Intent of the Parties; Reasonableness. The Initial Owner and the Servicer Company acknowledge and agree that the purpose of this Article XII of this Agreement XIII is to facilitate compliance by the Initial Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Initial Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Initial Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Initial Owner or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner to deliver to the Owner (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. The Initial Owner (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Initial Owner’s reasonable judgment, to comply with Regulation AB and the Initial Owner shall not request any information unless it deems it necessary under Regulation AB.
Appears in 3 contracts
Sources: Flow Sale and Servicing Agreement (GSR Mortgage Loan Trust 2007-4f), Flow Sale and Servicing Agreement (GSR Mortgage Loan Trust 2006-2f), Flow Sale and Servicing Agreement (GSR 2006-4f)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 34 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). .. The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-2)
Intent of the Parties; Reasonableness. The Owner Servicer and the Master Servicer acknowledge and agree that the purpose of Article XII X of this Agreement is to facilitate compliance by the Owner Seller, the Master Servicer and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner Servicer or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Seller, the Master Servicer nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)) and the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Seller, the Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with any Securitization TransactionPass-Through Transfer, the Servicer shall cooperate fully with the Owner Seller and the Master Servicer to deliver to the Owner Seller (including any of its assignees or designees) ), the Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Seller, the Master Servicer or any Depositor to permit the Owner Seller, the Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage LoansSubservicer, or the servicing of the Mortgage Securitized Loans, reasonably believed by the Owner Seller, the Master Servicer or any Depositor to be necessary in order to effect such compliance. The Owner Seller (including any of its assignees or designees) and the Master Servicer shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerServicer’s or Master Servicer’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Servicing Agreement (MASTR Alternative Loan Trust 2006-3), Servicing Agreement (MASTR Alternative Loan Trust 2006-1), Servicing Agreement (MASTR Asset Securitization Trust 2006-3)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII of this Exhibit to this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Mortgage Loan Purchase and Servicing Agreement (Citicorp Mortgage Securities Trust, Series 2007-6), Mortgage Loan Purchase and Servicing Agreement (CMALT (CitiMortgage Alternative Loan Trust), Series 2007-A7), Mortgage Loan Purchase and Servicing Agreement (Citicorp Mortgage Securities Inc)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller (for purposes of this Article XI, the “Company”) acknowledge and agree that the purpose of Article XII XI of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Mortgage Loan Purchase Agreement (TBW Mortgage-Backed Trust Series 2006-4), Mortgage Loan Purchase Agreement (TBW 2006-2), Mortgage Loan Purchase Agreement (TBW 2006-1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII of this Agreement Regulation AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Regulation AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement Regulation AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) and one of any DepositorMaster Servicer or any Depositor (as requested), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser, the Master Servicer or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate Purchaser agrees to provide the Company with the Servicer by providing timely reasonable prior notice of requests for information information. The Purchaser and the Company also acknowledge and agree that Section 2.02(a)(i)-(v), Section 2.03(c), (e) and (f), Section 2.04, Section 2.05 and Section 2.06 of this Regulation AB Addendum shall only be applicable with respect to any Mortgage Loan if the Company (or Subservicer, if any) services such Mortgage Loan for a period following the closing date of a related Securitization Transaction. For purposes of this Regulation AB Addendum, the term “Purchaser” shall refer to Redwood Residential Acquisition Corporation and its successors in interest and assigns. In addition, any notice or request that must be “in writing” or “written” may be made by electronic mail at such addresses as provided for notice under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation ABAgreement.
Appears in 3 contracts
Sources: Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2013-3), Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2013-1), Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2012-1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 33 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-13), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Interim Servicer acknowledge and agree that the purpose of Article XII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Interim Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Interim Servicer shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Interim Servicer any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Interim Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Pooling and Servicing Agreement (GSAMP Trust 2006-He3)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 34 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)) and the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act. The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser and the Seller also acknowledge and agree that Section 34.02(a)(i)-(v), Section 34.03(c), (e) and (f), Section 34.04, Section 34.05 and Section 34.06 of the Agreement shall only be applicable with respect to any Loan if the Seller (or Subservicer, if any) services such Loan following the closing date of a Securitization Transaction. The Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Loan Purchase and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-Oa2), Master Loan Purchase and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-1), Loan Purchase and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-3)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII II of this Agreement Reg AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser and the Company also acknowledge and agree Section 2.02(a)(i)-(v), Section 2.03(c), (including e) and (f), Section 2.04, Section 2.05 and Section 2.06 of this Reg AB Addendum shall only be applicable with respect to any Mortgage Loan if the Company (or Subservicer, if any) services such Mortgage Loan following the closing date of a related Securitization Transaction. The Purchaser and the Company also acknowledge and agree that this Reg AB Addendum is intended to supplement the terms of the Agreement and, to the extent inconsistent, the rights and obligations under the Agreement shall continue to apply with respect to any Reconstitution (as defined in the Agreement) that is not covered by the definition of "Securitization Transaction" in this Reg AB Addendum; provided, however, that the requirement to provide an accountants' report pursuant to Section 6.05 of the Agreement shall be deemed satisfied with respect to any Reconstitution that occurs prior to, on or following the date hereof by providing an accountants' attestation that satisfies the requirements of Section 2.05(a)(ii) of this Reg AB Addendum. For purposes of this Reg AB Addendum, the term "Purchaser" shall refer to Morgan Stanley Mortgage Capital Inc. and its assignees successors in interes▇ ▇▇▇ a▇▇▇▇▇▇. In addition, any notice or designees) request that must be "in writing" or "written" may be made by electronic mail. The Purchaser shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information requirednecessary, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Regulation Ab Compliance Addendum (Morgan Stanley Mortgage Loan Trust 2006-8ar), Regulation Ab Compliance Addendum (Morgan Stanley Mortgage Loan Trust 2006-9ar), Regulation Ab Compliance Addendum (Morgan Stanley Mortgage Loan Trust 2006-13arx)
Intent of the Parties; Reasonableness. The Owner Discover Funding as the Holder of the Transferor Certificate, the Master Servicer, the Servicer and the Servicer Trustee acknowledge and agree that the purpose of this Article XII of this Agreement XIV is to facilitate compliance by the Owner and any Depositor Transferor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Master Servicer nor any Depositor the Transferor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than such Master Servicer or Transferor’s compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and Trustee agrees to comply with requests made by the Owner or any Depositor cooperate in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, reasonable request by the Master Servicer shall cooperate fully with or the Owner Transferor for information regarding the Trustee which is required in order to deliver to the Owner (including any of its assignees enable such Master Servicer or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner or such Depositor Transferor to comply with the provisions of Regulation AB, together with such disclosures relating AB as it relates to the ServicerTrustee or to the Trustee’s obligations under this Agreement or any Series Supplement, provided that such information is available to the Trustee without unreasonable expense or effort and within the timeframe as is reasonably requested. The Master Servicer and each Servicer agrees to cooperate in good faith with any Subservicer and reasonable request by the Mortgage Loans, Master Servicer or the servicing of Transferor for information regarding the Mortgage Loans, reasonably believed by the Owner Master Servicer or such Servicer (or any Depositor to be necessary Servicing Participant that it engages) which is required in order to effect enable such compliance. The Owner (including any of its assignees Master Servicer or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, Transferor to comply with the provisions of Regulation AB as it relates to the Master Servicer or such Servicer or to the Master Servicer or such Servicer’s obligations under this Agreement or any Series Supplement or the obligations of any Servicing Participant that it engages under any servicing or subservicing agreement to the extent related to servicing the Receivables (and receivables in Charged-Off Accounts), provided that such information is available to the Master Servicer and each Servicer without unreasonable expense or effort and within the timeframe as is reasonably requested. Terms used in this Article XIV that are defined in Regulation AB but are not defined in Section 1.01 of this Agreement shall have the meanings ascribed to them in Regulation AB.
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (Discover Card Master Trust I), Pooling and Servicing Agreement (Discover Card Master Trust I), Pooling and Servicing Agreement (Discover Card Master Trust I)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 12A of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. In the event of any conflict between Section 12A and any other term or provision in this Agreement, the provisions of Section 12A shall control. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Master Mortgage Loan Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa2), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Sd3), Master Mortgage Loan Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar5)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 36 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs)
Intent of the Parties; Reasonableness. The Owner Purchaser, the Seller and the Servicer acknowledge and agree that the purpose of Article XII Section 13 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, each of the Seller and the Servicer acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Each of the Seller and the Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Seller and the Servicer shall cooperate fully with the Owner Purchaser and the Master Servicer to deliver to the Owner Purchaser and the Master Servicer (including any of its their assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, the Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Seller, the Servicer, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Seller and the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Reconstituted Servicing Agreement (Harborview 2006-7), Reconstituted Servicing Agreement (HarborView 2007-2), Reconstituted Servicing Agreement (HarborView 2007-5)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner to deliver to the Owner (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s 's reasonable judgment, to comply with Regulation AB.
Appears in 3 contracts
Sources: Servicing Agreement (GSR Mortgage Loan Trust 2006-8f), Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-4), Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-3)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offeringsofferings to the extent that such comparable disclosure becomes industry standard in similar transactions. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the provisions of Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)) that are applicable to any Securitization Transaction. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner or any Depositor cooperate in good faith for with the Purchaser or any Depositor, upon a request made in good faith, regarding the Company's delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully as set forth herein with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable good faith judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-3), Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-3)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII 17 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Ar1), Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Ar7)
Intent of the Parties; Reasonableness. The Owner and the Servicer parties hereto acknowledge and agree that the purpose of Article XII Sections 4.01(b), 6.04 and 11.02 through 11.05 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser, any Master Servicer or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization TransactionTransaction where the Seller is an originator of the related Mortgage Loans, the Servicer shall Seller agrees to cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of any Master Servicer and the Owner Purchaser or any Depositor (in each case, made in consultation with the Seller) to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor (in consultation with the Seller) to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB. The parties hereto acknowledge and agree that, in connection with a Securitization Transaction, (i) no party shall file with the Commission any report contemplated by Item 1122 of Regulation AB with respect to the Seller, the Servicer, any Subservicer or any Subcontractor if such entity’s activities relate to five percent (5%) or less of the asset pool of such Securitization Transaction or sub-pool thereof, and (ii) no party shall file with the Commission any servicer compliance statement contemplated by Item 1123 of Regulation AB with respect to the Seller, the Servicer, any Subservicer or any Subcontractor if such entity’s activities relate to less than ten percent (10%) of the asset pool of such Securitization Transaction or sub-pool thereof.
Appears in 2 contracts
Sources: Mortgage Loan Purchase, Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-2f), Mortgage Loan Purchase, Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-1f)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Interim Servicer acknowledge and agree that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Interim Servicer acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Interim Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Interim Servicer shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Interim Servicer any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He3), Pooling and Servicing Agreement (Morgan Stanley Home Equity Loan Trust 2007-1)
Intent of the Parties; Reasonableness. The Initial Owner and the Servicer Company acknowledge and agree that the purpose of Article XII II of this Agreement Reg AB Addendum is to facilitate compliance by the Initial Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Initial Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Initial Owner, any Master Servicer nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Initial Owner, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Initial Owner and any Master Servicer to deliver to the Initial Owner (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Initial Owner, the Master Servicer or any Depositor to permit the Owner Initial Owner, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Initial Owner or any Depositor to be necessary in order to effect such compliance. The Initial Owner (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, required to comply with Regulation AB.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Lehman XS Trust Series 2007-15n), Sale and Servicing Agreement (Lehman XS Trust Series 2007-2n)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 35 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB, subject to Item 1105(f) of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII 2 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or and Section 302 of the provision in a private offering Sarbanes Oxley Act. Although Regulation AB is applicable by its terms only to offerings of disclosure comparable to asset-backed securities that required are registered under the Securities Act), the parties acknowledge that investors in privately offered securities may require that the Purchaser or any Depositor provide comparable disclosure in unregistered offerings. The Servicer parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. The Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply negotiate in good faith with requests made by the Owner Purchaser or any Depositor in good faith with regard to any reasonable requests for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, and any parties or items identified in writing by the Purchaser, including, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be Loans necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall Purchaser agrees that it will cooperate with the Servicer by providing Company and provide sufficient and timely notice of any information requirements pertaining to a Securitization Transaction. The Purchaser will make all reasonable efforts to contain requests for information under these provisions and by reasonably limiting such requests information, reports or any other materials to information required, in the Owner’s reasonable judgment, to comply items required for compliance with Regulation AB, and shall not request information which is not required for such compliance.
Appears in 2 contracts
Sources: Assignment, Assumption and Recognition Agreement (HSI Asset Securitization CORP Trust 2006-He1), Assignment, Assumption and Recognition Agreement (HSI Asset Securitization CORP Trust 2006-He2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 13 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made in good faith by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation ABAB that are based on interpretive guidance provided by the Commission or its staff or consensus among participants in the asset-backed securities markets and to cooperate with the Purchaser with respect to any such requests that are based on advice of counsel or otherwise. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser and the Master Servicer to deliver to the Owner Purchaser and the Master Servicer (including any of its their assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, the Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Master Mortgage Loan Purchase and Interim Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Nc2), Master Mortgage Loan Purchase and Interim Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Nc1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB, subject to the limitations provided in Item 1105(f) of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance, subject to the limitations provided in Item 1105(f) of Regulation AB. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Flow Seller’s Warranties and Servicing Agreement (STARM Mortgage Loan Trust 2007-1), Flow Seller’s Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2006-9f)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII X of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)) and the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Owner, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner and any Master Servicer to deliver to the Owner (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Owner, the Master Servicer or any Depositor to permit the Owner Owner, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. In the event of any conflict between Article X and any other term or provision in this Agreement, the provisions of Article X shall control. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Sd3), Assignment, Assumption and Recognition Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Sd1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII II of this Agreement Reg AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser and the Company also acknowledge and agree Section 2.02(a)(i)-(v), Section 2.03(c), (including e) and (f), Section 2.04, Section 2.05 and Section 2.06 of this Reg AB Addendum shall only be applicable with respect to any Mortgage Loan if the Company (or Subservicer, if any) services such Mortgage Loan following the closing date of a related Securitization Transaction. The Purchaser and the Company also acknowledge and agree that this Reg AB Addendum is intended to supplement the terms of the Agreement and, to the extent inconsistent, the rights and obligations under the Agreement shall continue to apply with respect to any Reconstitution (as defined in the Agreement) that is not covered by the definition of "Securitization Transaction" in this Reg AB Addendum; provided, however, that the requirement to provide an accountants' report pursuant to Section 6.05 of the Agreement shall be deemed satisfied with respect to any Reconstitution that occurs prior to, on or following the date hereof by providing an accountants' attestation that satisfies the requirements of Section 2.05(a)(ii) of this Reg AB Addendum. For purposes of this Reg AB Addendum, the term "Purchaser" shall refer to Morgan Stanley Mortgage Capital Inc. and its assignees successors in inter▇▇▇ ▇▇d ▇▇▇▇▇▇s. In addition, any notice or designees) request that must be "in writing" or "written" may be made by electronic mail. The Purchaser shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information requirednecessary, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Regulation Ab Compliance Addendum (Morgan Stanley Mortgage Loan Trust 2007-2ax), Regulation Ab Compliance Addendum (Morgan Stanley Mortgage Loan Trust 2007-1xs)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII 30 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any master servicer or any Depositor in good faith for delivery of information available to the Seller without unreasonable cost and expense within a reasonable and customary timeframe under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully in a reasonable manner with the Owner Purchaser and any master servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any master servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the master servicer or any Depositor to permit the Owner Purchaser, such master servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance; provided, however, that the Seller shall not be required to provide Static Pool Information with respect to periods prior to January 1, 2006 if the Seller delivers an Officer’s Certificate to the Purchaser or any Depositor stating that the Seller cannot obtain such Static Pool Information without unreasonable effort or expense. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Ar1), Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-10)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Flow Seller’s Warranties and Servicing Agreement (GSR 2006-Ar2), Flow Seller’s Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2006-Ar1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII II of this Agreement Reg AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, required to comply with Regulation AB.
Appears in 2 contracts
Sources: Regulation Ab Compliance Addendum (Banc of America Funding Corp), Sale and Servicing Agreement (Luminent Mortgage Trust 2006-6)
Intent of the Parties; Reasonableness. The Owner Purchaser and Seller (for purposes of this Article 13, the Servicer “Company”) acknowledge and agree that the purpose of Article XII 13 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Seller’s Purchase, Warranties and Servicing Agreement (CSMC Mortgage Backed Trust Series 2007-1), Seller’s Purchase, Warranties and Servicing Agreement (CSMC Trust 2007-4)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 31 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-asset backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2007-He1), Pooling and Servicing Agreement (Natixis Real Estate Capital Trust 2007-He2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII of this Agreement Sections 9.4 and 9.5 is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner or Purchaser and any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. Each party agrees that it shall cooperate in good faith to amend this Amendment and/or the Original Purchase Agreement in light of any changes in the interpretations of the requirements of Regulation AB over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any such Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any such Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1), Mortgage Loan Purchase and Sale Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 13 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser and the Master Servicer to deliver to the Owner Purchaser and the Master Servicer (including any of its their assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, the Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Reconstituted Servicing Agreement (HarborView 2006-14), Assignment, Assumption and Recognition Agreement (Hsi Asset Securitization Corp)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Sellers acknowledge and agree that the purpose of Article XII of this Agreement Sections 6.4 and 6.5 is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges Sellers acknowledge that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges Sellers acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Sellers shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any such Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSellers, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any such Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Sellers by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Mortgage Loan Purchase and Sale Agreement (GSR Mortgage Loan Trust 2006-9f), Mortgage Loan Purchase and Sale Agreement (GSR Mortgage Loan Trust 2007-3f)
Intent of the Parties; Reasonableness. The Owner Seller, the Depositor and the Servicer acknowledge and agree that the purpose of Article XII of this Agreement is to facilitate compliance by the Owner Seller and any the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner Seller or any the Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Seller nor any the Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Seller or any the Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transactionthe transactions contemplated by this Agreement, the Servicer shall cooperate fully with the Owner Seller to deliver to the Owner Seller (including any of its assignees or designees) and any the Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Seller or any the Depositor to permit the Owner Seller or such the Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer Sub-Servicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Seller or any the Depositor to be necessary in order to effect such compliance. The Owner Seller (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerSeller’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Carrington Mortgage Loan Trust, Series 2007-Rfc1), Pooling and Servicing Agreement (Carrington Mortgage Loan Trust, Series 2006-Rfc1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 31 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. Furthermore, the Purchaser and the Seller agree that if any such changes in the interpretations of the requirements of Regulation AB materially affect this Article 31, then the Purchaser and the Seller will amend such affected provisions in accordance with this Section 31. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2007-He1), Pooling and Servicing Agreement (Natixis Real Estate Capital Trust 2007-He2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Indymac acknowledge and agree that the purpose of Article XII VII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Indymac acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indymac acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Indymac shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerIndymac, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Indymac by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2006-10f), Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2007-Ar2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII of this Agreement Regulation AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Regulation AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement Regulation AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) and one of any DepositorMaster Servicer or any Depositor (as requested), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser, the Master Servicer or any Depositor to be necessary in order to effect such compliance. The Owner (including any of its assignees or designees) shall cooperate Purchaser agrees to provide the Company with the Servicer by providing timely reasonable prior notice of requests for information information. The Purchaser and the Company also acknowledge and agree that Section 2.02(a)(i)-(v), Section 2.03(c), (e) and (f), Section 2.04, Section 2.05 and Section 2.06 of this Regulation AB Addendum shall only be applicable with respect to any Mortgage Loan if the Company (or Subservicer, if any) services such Mortgage Loan for a period following the closing date of a related Securitization Transaction. For purposes of this Regulation AB Addendum, the term “Purchaser” shall refer to Barclays Bank PLC and its successors in interest and assigns. In addition, any notice or request that must be “in writing” or “written” may be made by electronic mail at such addresses as provided for notice under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation ABAgreement.
Appears in 2 contracts
Sources: Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2012-4), Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2012-2)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 31 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB, subject to Section 1105(f) of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance, subject to Section 1105(f) of Regulation AB. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2007-He1), Pooling and Servicing Agreement (Natixis Real Estate Capital Trust 2007-He2)
Intent of the Parties; Reasonableness. The Owner and the Servicer acknowledge and agree that the purpose of Article XII XIV of this Agreement is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)) and the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Owner, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer shall cooperate fully with the Owner and any Master Servicer to deliver to the Owner (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Owner, the Master Servicer or any Depositor to permit the Owner Owner, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. In the event of any conflict between Article XIV and any other term or provision in this Agreement, the provisions of Article XIV shall control. Notwithstanding anything to the contrary in this Agreement, the Servicer shall be under no obligation to provide information that the Owner or any Depositor deems required under Regulation AB if (i) Servicer does not believe that such information is required under Regulation AB and (ii) Servicer is not providing such information for its own securitizations unless the Owner or the related Depositor pays all reasonable costs incurred by Servicer in connection with the preparation and delivery of such information and Servicer is given reasonable time to establish the necessary systems and procedures to produce such information. The Owner (including any of its assignees or designees) shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-1), Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2007-Ab1)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII II of this Agreement Reg AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-asset backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, judgment to comply with Regulation ABAB and the Company also acknowledge and agree that Section 2.02(a)(i)-(v), Section 2.03(c), (e) and (f), Section 2.04, Section 2.05 and Section 2.06 of this Reg AB Addendum shall only be applicable with respect to any Mortgage Loan if the Company (or Subservicer, if any) services such Mortgage Loan for a period following the closing date of a related Securitization Transaction. The Purchaser and the Company also acknowledge and agree that this Reg AB Addendum is intended to supplement the terms of the Agreement and, to the extent inconsistent, the rights and obligations under the Agreement shall continue to apply with respect to any Reconstitution (as defined in the Agreement) that is not covered by the definition of “Securitization Transfer” in this Reg AB Addendum; provided, however, that the requirement to provide an accountants’ report pursuant to Section 11.21 of the Agreement shall be deemed satisfied with respect to any Reconstitution that occurs on or following January 1, 2006 by providing an accountants’ attestation that satisfies the requirements of Section 2.05(a)(ii) of this Reg AB Addendum. For purposes of this Reg AB Addendum, the term “Purchaser” shall refer to ▇▇▇▇▇▇▇ Sachs Mortgage Company and its successors in interest and assigns. In addition, any notice or request that must be “in writing” or “written” may be made by electronic mail or fax.
Appears in 2 contracts
Sources: Regulation Ab Compliance Addendum (GSR Mortgage Loan Trust 2006-10f), Regulation Ab Compliance Addendum (GSR Mortgage Loan Trust 2006-9f)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII of this Agreement Reg AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement Reg AB Addendum to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) and one of any DepositorMaster Servicer or any Depositor (as requested), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser, the Master Servicer or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser and the Company also acknowledge and agree that Section 2.02(a)(i)-(v), Section 2.03(c), (including e) and (f), Section 2.04, Section 2.05 and Section 2.06 of this Reg AB Addendum shall only be applicable with respect to any Mortgage Loan if the Company (or Subservicer, if any) services such Mortgage Loan for a period following the closing date of a related Securitization Transaction. For purposes of this Reg AB Addendum, the term “Purchaser” shall refer to RWT Holdings, Inc. and its assignees successors in interest and assigns. In addition, any notice or designees) shall cooperate with the Servicer request that must be “in writing” or “written” may be made by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, to comply with Regulation ABelectronic mail.
Appears in 2 contracts
Sources: Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2007-1), Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2007-4)
Intent of the Parties; Reasonableness. The Owner and the Servicer Company acknowledge and agree that the purpose of this Article XII of this Agreement V is to facilitate compliance by the Owner and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)) and the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Owner, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner and any Master Servicer to deliver to the Owner (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Owner, the Master Servicer or any Depositor to permit the Owner Owner, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. In the event of conflict between Article V and any other term or provision in this Agreement, the provisions of Article V shall control. The Owner (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment, required to comply with Regulation AB.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar3), Sale and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar4)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII XI of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Subsequent Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, any Master Servicer or any Depositor to permit the Owner Purchaser, any Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, or any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 2 contracts
Sources: Mortgage Loan Purchase Agreement (Angel Oak Mortgage REIT, Inc.), Mortgage Loan Purchase Agreement (Angel Oak Mortgage REIT, Inc.)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 12A of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges that investors in privately offered securities may require that the Owner or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and and, the rules and regulations of the Commission thereunder (or and Section 302 of the provision in a private offering ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act as set forth herein. Although Regulation AB is applicable by its terms only to offerings of disclosure comparable to asset-backed securities that required are registered under the Securities Act), the parties acknowledge that investors in privately offered securities may require that the Purchaser or any Depositor provide comparable disclosure in unregistered offerings. The Servicer parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. The Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, staff or reasonable advice of counsel, or otherwise, counsel acceptable to the Purchaser and Seller agrees to comply negotiate in good faith with requests made by the Owner Purchaser or any Depositor in good faith with regard to any reasonable requests for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner or any Depositor to be necessary in order to effect such compliance. In the event of any conflict between Section 12A and any other term or provision in this Agreement, the provisions of Section 12A shall control. The Owner Purchaser (including any of its assignees or designees) shall agrees that it will cooperate with the Servicer Seller by providing sufficient and timely notice of any information requirements pertaining to a Securitization Transaction. The Purchaser will make all reasonable efforts to limit requests for information under these provisions and by reasonably limiting such requests information, reports or any other materials to information required, in the Owner’s reasonable judgment, to comply items required for compliance with Regulation AB, and shall not request information which is not required for such compliance.
Appears in 2 contracts
Sources: Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-3), Master Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar5)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 13 of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization TransactionPass-Through Transfer, the Servicer Seller shall cooperate fully with the Owner Purchaser and the Master Servicer to deliver to the Owner Purchaser and the Master Servicer (including any of its their assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, the Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB. Notwithstanding anything to the contrary, any such requests shall be made to the Seller’s General Counsel either by phone, email or otherwise in writing.
Appears in 1 contract
Sources: Assignment, Assumption and Recognition Agreement (Hsi Asset Securitization Corp)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Seller acknowledge and agree that the purpose of Article XII Section 12A of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Seller acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Seller shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB. In the event of any conflict between Section 12A and any other term or provision in this Agreement, the provisions of Section 12A shall control.
Appears in 1 contract
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offeringsofferings to the extent such comparable disclosure in unregistered offerings becomes consistent with industry practices. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder that are applicable to any Securitization Transaction (or the provision in a private offering of disclosure comparable to that required under the Securities ActAct to the extent such comparable disclosure in unregistered offerings becomes consistent with industry practices). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information reasonably necessary in the good faith determination of the Owner Purchaser, any Master Servicer or any Depositor to permit the Owner Purchaser, any Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 1 contract
Sources: Mortgage Loan Sale and Servicing Agreement (Lares Asset Securitization, Inc.)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII II of this Agreement Reg AB Addendum is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser, any Master Servicer or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with any Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser and any Master Servicer to deliver to the Owner Purchaser (including any of its assignees or designees) ), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser, the Master Servicer or any Depositor to permit the Owner Purchaser, such Master Servicer or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.. Addendum I-3
Appears in 1 contract
Sources: Mortgage Loan Flow Purchase, Sale and Servicing Agreement (SunTrust Real Estate Trust, LLC)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Sellers acknowledge and agree that the purpose of Article XII of this Agreement Sections 6.4 and 6.5 is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer acknowledges Sellers acknowledge that investors in privately offered securities may require that the Owner or Purchaser and any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges Sellers acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. Each party agrees that it shall cooperate in good faith to amend this Amendment and/or the Original Purchase Agreement in light of any changes in the interpretations of the requirements of Regulation AB over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise. In connection with any Securitization Transaction, the Servicer Sellers shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any such Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSellers, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any such Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Sellers by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 1 contract
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII X of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. Furthermore, the Purchaser and the Company agree that if any such changes in the interpretations of the requirements of Regulation AB materially affect this Article X, then the Purchaser and the Company will amend such affected provisions in accordance with this Agreement. In connection with any Securitization TransactionPass-Through Transfer, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any Depositor to permit the Owner Purchaser or such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any Depositor to be necessary in order to effect such compliance. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s Purchaser's reasonable judgment, to comply with Regulation AB.
Appears in 1 contract
Sources: Flow Sale and Interim Servicing Agreement (ABFC 2006-He1 Trust)
Intent of the Parties; Reasonableness. The Owner Purchaser and the Servicer Company acknowledge and agree that the purpose of Article XII XIII of this Agreement is to facilitate compliance by the Owner Purchaser and any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the Securities Act, the Servicer Company acknowledges that investors in privately offered securities may require that the Owner Purchaser or any the Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner Purchaser nor any the Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Owner Purchaser or any the Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB, subject to the limitations provided in Item 1105(f) of Regulation AB. In connection with any the Securitization Transaction, the Servicer Company shall cooperate fully with the Owner Purchaser to deliver to the Owner Purchaser (including any of its assignees or designees) and any the Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Owner Purchaser or any the Depositor to permit the Owner Purchaser or such the Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the Mortgage Loans, or the servicing of the Mortgage Loans, reasonably believed by the Owner Purchaser or any the Depositor to be necessary in order to effect such compliance, subject to the limitations provided in Item 1105(f) of Regulation AB. The Owner Purchaser (including any of its assignees or designees) shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the OwnerPurchaser’s reasonable judgment, to comply with Regulation AB.
Appears in 1 contract
Sources: Sale and Servicing Agreement (STARM Mortgage Loan Trust 2007-4)