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Common use of Prior Servicing Clause in Contracts

Prior Servicing. Each Mortgage Loan has been serviced in strict compliance with those mortgage servicing practices of prudent mortgage lending institutions which service mortgage loans of the same type as such Mortgage Loan in the jurisdiction where the related Mortgage Property is located;

Appears in 5 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)

Related Clauses

  • Servicing Programs
  • Prior Service
  • Sub-Servicing Accounts
  • Subservicing Accounts
  • Sub-Servicing Agreements Between Master Servicer and Sub-Servicers

Parent Clauses

  • Credit Reporting; Gramm-Leach-Bliley Act
  • Waiver of Jury Trial
  • Representations Warranties and Covenants of the Seller Remedies for Breach
  • Representations and Warranties Regarding Individual Mortgage Loans
  • Limitations on Custodial Responsibilities

Sub-Clauses

  • Notices
  • Definitions
  • Applicable Law
  • Mortgage Loans as Described
  • Severability of Provisions
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