Common use of Sub-Servicing Agreements Between Servicer and Sub-Servicers Clause in Contracts

Sub-Servicing Agreements Between Servicer and Sub-Servicers. The Servicer may enter into Sub-Servicing Agreements for any servicing and administration of Mortgage Loans with any institution which is acceptable to the Certificate Insurer and the Oversight Agent and which is in compliance with the laws of each state necessary to enable it to perform its obligations under such Sub-Servicing Agreement and (x) has (i) been designated an approved seller-servicer by Freddie Mac or Fannie Mae for Mortgage Loans and (ii) has equity of at ▇▇▇▇▇ $5,000,0▇▇, ▇▇ determined in accordance with generally accepted accounting principles or (y) is a

Sub-Servicing Agreements Between Servicer and Sub-Servicers. The Servicer may enter into Sub-Servicing Agreements for any servicing and administration of Mortgage Loans with any institution which is acceptable to the Certificate Insurer and the Oversight Agent Master Servicer and which is in compliance with the laws of each state necessary to enable it to perform its obligations under such Sub-Servicing Agreement and (x) has (i) been designated an approved seller-servicer by Freddie Mac FHLMC or Fannie Mae for Mortgage Loans and (ii) has equity of at ▇▇▇▇▇ least $5,000,0▇▇, ▇▇ determined ▇▇▇ermined in accordance with generally accepted accounting principles or (y) is a