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Common use of Ability to Perform; Solvency Clause in Contracts

Ability to Perform; Solvency. The Servicer does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Pooling and Servicing Agreement. The Servicer is solvent;

Appears in 22 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc5), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He7)

Ability to Perform; Solvency. The Servicer does not believe, nor ---------------------------- does it have any reason or cause to believe, that it cannot perform each and every covenant of the Servicer contained in this Pooling and Servicing Agreement. ; The Servicer is solventsolvent and the servicing of the Mortgage Loans (i) will not cause the Servicer to become insolvent and (ii) is not intended by the Servicer to hinder, delay or defraud any of its creditors;

Appears in 1 contract

Samples: Servicing Agreement (Imperial Credit Commercial Mortgage Investment Corp)

Ability to Perform; Solvency. The Servicer does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained in this Pooling and Servicing Agreement. The Servicer is solvent;

Appears in 1 contract

Samples: Flow Sale and Servicing Agreement (Asset Backed Funding Corp)