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Common use of Restrictions and Requirements Applicable in the Event Clause in Contracts

Restrictions and Requirements Applicable in the Event. that a Mortgage Loan is Acquired by a REMIC. In the event that any Mortgage Loan is held by a REMIC, notwithstanding any contrary provision of this Agreement, the following provisions shall be applicable to such Mortgage Loan:

Appears in 6 contracts

Sources: Servicing Agreement (Structured Asset Securities Corp 2004-S3), Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates 2004-11xs), Flow Seller’s Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-3)

Related Clauses

  • Restriction on Activities
  • Compliance with Agreements and Applicable Laws
  • Limitations and Restrictions
  • Compliance with Restrictions
  • Restriction on Transfer, Proxies and Non-Interference

Parent Clauses

  • Intended Third Party Beneficiaries
  • Liquidation Reports
  • Indemnification; Third Party Claims
  • Representations and Warranties Remedies and Breach
  • Relationship of Parties

Sub-Clauses

  • Additional Covenants
  • General Servicing Obligations
  • Repurchase of Mortgage Loans
  • Liquidation of Mortgage Loans
  • Collection of Mortgage Loan Payments
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