Common use of Ability to Service Clause in Contracts

Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for Fxxxxx Mxx or Fxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is in good standing to sell mortgage loans to and service mortgage loans for Fxxxxx Mae or Fxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with Fxxxxx Mae or Fxxxxxx Mac eligibility requirements or which would require notification to either Fxxxxx Mae or Fxxxxxx Mac;

Appears in 32 contracts

Samples: Flow Seller’s Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-10), Flow Seller’s Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-9), Assignment, Assumption and Recognition Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)

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Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for Fxxxxx Mxx Xxxxxx Xxx or Fxxxxxx Xxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is a HUD approved mortgagee and is in good standing to sell mortgage loans to and service mortgage loans for Fxxxxx Xxxxxx Mae or Fxxxxxx Xxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with Fxxxxx Xxxxxx Mae or Fxxxxxx Xxxxxxx Mac eligibility requirements or which would require notification to either Fxxxxx Xxxxxx Mae or Fxxxxxx Xxxxxxx Mac;

Appears in 18 contracts

Samples: Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Seller's Warranties and Servicing Agreement (Sequoia Mortgage Trust 2007-3), Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs)

Ability to Service. The Company Servicer is an approved seller/servicer of conventional residential mortgage loans for Fxxxxx Mxx or and Fxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company Servicer is in good standing to sell mortgage loans to and service mortgage loans for either Fxxxxx Mae or Fxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company Servicer unable to comply with either Fxxxxx Mae or Fxxxxxx Mac eligibility requirements or which would require notification to either of Fxxxxx Mae or Fxxxxxx Mac;

Appears in 9 contracts

Samples: Securitization Servicing Agreement (Lehman XS Trust Series 2006-Gp4), Securitization Servicing Agreement (GreenPoint Mortgage Funding Trust 2006-Ar6), Securitization Servicing Agreement (Lehman XS Trust Series 2006-4n)

Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for Fxxxxx Mxx or Fxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is a HUD approved mortgagee and is in good standing to sell mortgage loans to and service mortgage loans for Fxxxxx Mae or Fxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with Fxxxxx Mae or Fxxxxxx Mac eligibility requirements or which would require notification to either Fxxxxx Mae or Fxxxxxx Mac;

Appears in 4 contracts

Samples: Seller's Warranties and Servicing Agreement (RBSGC Mortgage Loan Trust 2007-B), Seller’s Warranties and Servicing Agreement (Sequoia Mortgage Trust 2007-2), Sale and Servicing Agreement (Bear Stearns ARM Trust 2007-2)

Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for Fxxxxx Mxx Mae or Fxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is in good standing to sell mortgage loans to and service mortgage loans for Fxxxxx Mae or Fxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with Fxxxxx Mae or Fxxxxxx Mac eligibility requirements or which would require notification to either Fxxxxx Mae or Fxxxxxx Mac;

Appears in 3 contracts

Samples: Servicing Agreement (SASCO Mortgage Loan Trust 2005-Wf3), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-5), Flow Seller's Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Ability to Service. The Company Servicer is an approved seller/servicer of conventional residential mortgage loans for Fxxxxx Mxx or Fxxxxxx Mac, with the facilities, procedures, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company Servicer is in good standing to sell mortgage loans to and service mortgage loans for either Fxxxxx Mae or Fxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company Servicer unable to comply with either Fxxxxx Mae or Fxxxxxx Mac eligibility requirements or which would require notification to either of Fxxxxx Mae or Fxxxxxx Mac;

Appears in 2 contracts

Samples: Securitization Servicing Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Securitization Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Osi)

Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for Fxxxxx Mxx or and Fxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is in good standing to sell mortgage loans to and service mortgage loans for Fxxxxx Mae or and Fxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with Fxxxxx Mae or and Fxxxxxx Mac eligibility requirements or which would require notification to either Fxxxxx Mae or and Fxxxxxx Mac;

Appears in 2 contracts

Samples: Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Sasco 2006-Bc3), Mortgage Loan Purchase Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5)

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Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for Fxxxxx Mxx Mae or Fxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is a HUD approved mortgagee and is in good standing to sell mortgage loans to and service mortgage loans for Fxxxxx Mae or Fxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with Fxxxxx Mae or Fxxxxxx Mac eligibility requirements or which would require notification to either Fxxxxx Mae or Fxxxxxx Mac;

Appears in 1 contract

Samples: Sale and Servicing Agreement (Bear Stearns ARM Trust 2007-2)

Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for Fxxxxx Mxx Xxxxxx Mae or Fxxxxxx Xxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is in good standing to sell mortgage loans to _ 15 _ and service mortgage loans for Fxxxxx Xxxxxx Mae or Fxxxxxx Xxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with Fxxxxx Xxxxxx Mae or Fxxxxxx Xxxxxxx Mac eligibility requirements or which would require notification to either Fxxxxx Xxxxxx Mae or Fxxxxxx Xxxxxxx Mac;

Appears in 1 contract

Samples: Flow Seller's Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-14)

Ability to Service. The Company is an approved seller/servicer of conventional residential mortgage loans for Fxxxxx Mxx Xxx or Fxxxxxx Mac, with the facilities, procedures, and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans. The Company is in good standing to sell mortgage loans to and service mortgage loans for Fxxxxx Mae Xxx or Fxxxxxx Mac, and no event has occurred, including but not limited to a change in insurance coverage, which would make the Company unable to comply with Fxxxxx Mae Xxx or Fxxxxxx Mac eligibility requirements or which would require notification to either Fxxxxx Mae Xxx or Fxxxxxx Mac;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-4)

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