Common use of Retitling of Land Home Contracts Clause in Contracts

Retitling of Land Home Contracts. If a Contract Seller or the Servicer receives actual notice or knowledge that a Contract Seller is no longer assigned a long-term senior debt rating from ▇▇▇▇▇'▇ of Baa3 or higher, of BBB- or higher from Fitch, or an equivalent rating from any nationally recognized statistical rating organization, the Servicer shall promptly provide notice to the Trustee that it no longer has such rating. If at any time during the term of this Agreement the Trustee receives written notice from the Servicer or a Contract Seller that a Contract Seller does not have a long-term senior debt rating from ▇▇▇▇▇'▇ of Baa3 or higher, of BBB- or higher from Fitch, or an equivalent rating from any nationally recognized statistical rating organization, or if the Trustee otherwise becomes aware that a Contract Seller is no longer assigned such rating, the Trustee, at the related Contract Seller's expense, shall file promptly in the appropriate recording offices the assignments to the Trustee on behalf of the Trust Fund of each Mortgage securing a Land Home Contract sold by such Contract Seller to the Trust Fund.

Retitling of Land Home Contracts. If a Contract Seller or the Servicer receives actual notice or knowledge that a Contract Seller is no longer assigned a long-term senior debt rating from ▇▇▇▇▇'▇ of Baa3 or higher, of from BBB- or higher from Fitch, or an equivalent rating from any nationally recognized statistical rating organization, the Servicer shall promptly provide notice to the Trustee that it no longer has such rating. If at any time during the term of this Agreement the Trustee receives written notice from the Servicer or a Contract Seller that a Contract Seller does not have a long-term senior debt rating from ▇▇▇▇▇'▇ of Baa3 or higher, of from BBB- or higher from Fitch, or an equivalent rating from any nationally recognized statistical rating organization, or if the Trustee otherwise becomes aware that a Contract Seller is no longer assigned such rating, the Trustee, at the related Contract Seller's expense, shall file promptly in the appropriate recording offices the assignments to the Trustee on behalf of the Trust Fund of each Mortgage securing a Land Home Contract sold by such Contract Seller to the Trust Fund.