Ability to Service. The Special Servicer is an approved seller/servicer of conventional residential mortgage loans for Xxxxxx Xxx and Xxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Transferred Mortgage Loans. The Special Servicer is in good standing to service mortgage loans for either Xxxxxx Mae or Xxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Special Servicer unable to comply with either Xxxxxx Mae or Xxxxxxx Mac eligibility requirements or which would require notification to either of Xxxxxx Mae or Xxxxxxx Mac; and
Appears in 19 contracts
Samples: Servicing Agreement (Lehman Mortgage Trust 2005-1), Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-10), Servicing Agreement (Lehman Mortgage Trust 2006-9)
Ability to Service. The Special Servicer is an approved seller/servicer of conventional residential mortgage loans for Xxxxxx Xxx Fxxxxx Mxx and Xxxxxxx Fxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Transferred Mortgage Loans. The Special Servicer is in good standing to service mortgage loans for either Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Special Servicer unable to comply with either Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac eligibility requirements or which would require notification to either of Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac; and
Appears in 7 contracts
Samples: Servicing Agreement (Lehman Mortgage Trust 2007-2), Servicing Agreement (Lehman Mortgage Trust 2006-1), Servicing Agreement (Lehman Mortgage Trust 2006-7)
Ability to Service. The Special Servicer is an approved seller/servicer of conventional residential mortgage loans for Xxxxxx Xxx Mae and Xxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Transferred Mortgage Loans. The Special Servicer is in good standing to service mortgage loans for either Xxxxxx Mae or Xxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Special Servicer unable to comply with either Xxxxxx Mae or Xxxxxxx Mac eligibility requirements or which would require notification to either of Xxxxxx Mae or Xxxxxxx Mac; and
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