Common use of Servicing Transfer Date Clause in Contracts

Servicing Transfer Date. The Interim Servicer agrees, with respect to the Serviced Mortgage Loans, to perform and observe the duties, responsibilities and obligations that are to be performed and observed under the provisions of the Master Servicing Agreement, except as otherwise provided herein and on Exhibit A hereto, and that the provisions of the Master Servicing Agreement, as so modified, are and shall be a part of this Agreement to the same extent as if set forth herein in full. The parties hereto acknowledge and agree that the Transfer Date with respect to the Mortgage Loans is June 1, 2002. On such date, the Interim Servicer shall transfer all servicing of the Mortgage Loans in accordance with the Master Servicing Agreement and the Master Mortgage Loan Purchase Agreement to the successor servicer designated by Lehman Capital. Lehman Capital hereby designates Aurora Loan Service▇, ▇▇▇. ("ALS") ▇▇ ▇▇▇ as the Interim Servicer of the Mortgage Loans on and after the Transfer Date and to service such Mortgage Loans pursuant to an existing servicing agreement between Lehman Capital and ALS.

Servicing Transfer Date. The Interim Servicer agrees, with respect to the Serviced Mortgage Loans, to perform and observe the duties, responsibilities and obligations that are to be performed and observed under the provisions of the Master Servicing Agreement, except as otherwise provided herein and on Exhibit A hereto, and that the provisions of the Master Servicing Agreement, as so modified, are and shall be a part of this Agreement to the same extent as if set forth herein in full. The parties hereto acknowledge and agree that the Transfer Date with respect to the Mortgage Loans is June 1, 2002. On such date, the Interim Servicer shall transfer all servicing of the Mortgage Loans in accordance with the Master Servicing Agreement and the Master Mortgage Loan Purchase Agreement to the successor servicer designated by Lehman Capitalthe Bank. Lehman Capital The Bank hereby designates Aurora Loan Service▇Services, ▇▇▇. Inc. ("ALS") ▇▇ ▇▇▇ to act as the Interim Servicer of the Mortgage Loans on and after the Transfer Date and to service such Mortgage Loans pursuant to an existing servicing agreement between Lehman Capital the Bank and ALS.