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Common use of Loan Assignment Clause in Contracts

Loan Assignment. The sale, assignment or transfer of a Loan by the Insured shall terminate coverage of the Loan hereunder.

Appears in 4 contracts

Sources: Pooling and Servicing Agreement (FFMLT Trust 2005-Ffa), Second Mortgage Pool Insurance Policy (First Franklin Mortgage Loan Trust 2003-FFB), Pooling and Servicing Agreement (GSAMP Trust 2005-S2)

Related Clauses

  • Modification; Assignment
  • Non-Assignment
  • Contract Assignment
  • Deed; ▇▇▇▇ of Sale; Assignment
  • Collateral Assignment

Parent Clauses

  • General Terms
  • Terms of agreement
  • Purchase and Sale of Shares
  • Co-Trustee’s Fees and Expenses
  • Financial Reporting

Sub-Clauses

  • The Secretary
  • Status of Borrower
  • Validity of Documents
  • Litigation
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