Common use of Agency Approvals; Servicing Clause in Contracts

Agency Approvals; Servicing. To the extent previously approved, Seller shall maintain all Agency Approvals and in each case shall remain in good standing with respect to such Agency Approvals. Should Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any change in its delegated underwriting authority from any Agency, or should notification of an adverse occurrence to the relevant Agency or to HUD, FHA, VA or RD be required, Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approved, Seller shall take all necessary action to maintain all of its applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction. Seller shall maintain adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. To the extent previously approved, Seller shall maintain all Agency Approvals its status with Xxxxxx Xxx as an approved lender and Xxxxxxx Mac as an approved seller/servicer, in each case shall remain in good standing standing. Servicer shall service all Purchased Mortgage Loans which are Committed Mortgage Loans in accordance with respect to such Agency Approvalsthe applicable agency guide. Should SellerServicer, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any change in its delegated underwriting authority from any AgencyApprovals, or should notification of an adverse occurrence to the relevant Agency or to HUDthe Department of Housing and Urban Development, FHA, FHA or VA or RD be required, such Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approvedsentence, Seller Servicer shall take all necessary action to maintain all of its their applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction. Seller Servicer shall maintain adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. To the extent previously approved, Seller shall maintain all Agency Approvals its status with Xxxxxx Xxx as an approved lender and Xxxxxxx Mac as an approved seller/servicer, in each case shall remain in good standing standing. Seller shall service all Purchased Mortgage Loans which are Committed Mortgage Loans in accordance with respect to such Agency Approvalsthe applicable agency guide. Should Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any change in its delegated underwriting authority from any AgencyApprovals, or should notification of an adverse occurrence to the relevant Agency or to HUDthe Department of Housing and Urban Development, FHA, FHA or VA or RD be required, such Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approvedsentence, Seller shall take all necessary action to maintain all of its their applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction. Seller shall maintain has adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. To the extent previously approved, Seller Sellers shall maintain all Agency Approvals its status with Fannie Mae as an approved lender and Freddie Mac as an approved xxller/servicer, in each case xx xxxd standing. Sellers shall remain service all Purchased Assets which are Committed Mortgage Loans in good standing accordance with respect to such Agency Approvalsthe applicable agency guide. Should SellerSellers, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any change in its delegated underwriting authority from any AgencyApprovals, or should notification of an adverse occurrence to the relevant Agency or to HUDthe Department of Housing and Urban Development, FHA, FHA or VA or RD be required, such Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approvedsentence, Seller Sellers shall take all necessary action to maintain all of its their applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction. Seller shall maintain AHMS has adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. To the extent previously approved, Seller shall maintain all Agency Approvals and in each case shall remain in good standing with respect to such Agency Approvals. Should Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any material adverse change in its delegated underwriting authority from any Agency, or should notification of an a material adverse occurrence to the relevant Agency or to HUD, FHA, VA or RD be required, Seller shall so promptly notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approved, Seller shall take all necessary action to maintain all of its applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction. Seller shall maintain adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. To the extent previously approved, Seller Sellers shall maintain all Agency Approvals their status with Xxxxxx Xxx as an approved lender and Xxxxxxx Mac as an approved seller/servicer, in each case shall remain in good standing standing. Sellers shall service all Purchased Mortgage Loans which are Committed Mortgage Loans in accordance with respect to such Agency Approvalsthe applicable agency guide. Should a Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any change in its delegated underwriting authority from any AgencyApprovals, or should notification of an adverse occurrence to the relevant Agency or to HUDthe Department of Housing and Urban Development, FHA, FHA or VA or RD be required, such Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approvedsentence, Seller Sellers shall take all necessary action to maintain all of its their applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction. Seller shall maintain Sellers have adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. To the extent previously approved, Seller shall maintain all Agency Approvals its status with Xxxxxx Xxx as an approved lender and Xxxxxxx Mac as an approved seller/servicer, in each case shall remain in good standing standing. Seller shall service all Purchased Mortgage Loans which are Committed Mortgage Loans in accordance with respect to such Agency Approvalsthe applicable agency guide. Should Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any change in its delegated underwriting authority from any AgencyApprovals, or should notification of an adverse occurrence to the relevant Agency or to HUDThe Department of Housing and Urban Development, FHA, FHA or VA or RD be required, such Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approvedsentence, Seller shall take all necessary action to maintain all of its their applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction. Seller shall maintain has adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. To the extent previously approved, Seller shall maintain all Agency Approvals and in each case shall remain in good standing with respect to such Agency Approvals. Should Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any material and adverse change in its delegated underwriting authority from any Agency, or should notification of an adverse occurrence to the relevant Agency or to HUD, FHA, VA or RD be required, Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approved, Seller shall take all necessary action to maintain all of its applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction. Seller shall maintain adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. To the extent previously approved, Seller shall maintain all Agency Approvals its status with Xxxxxx Xxx as an approved lender and Xxxxxxx Mac as an approved seller/servicer, in each case shall remain in good standing standing. Seller shalls service all Purchased Mortgage Loans which are Committed Mortgage Loans in accordance with respect to such Agency Approvalsthe applicable agency guide. Should Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any change in its delegated underwriting authority from any AgencyApprovals, or should notification of an adverse occurrence to the relevant Agency or to HUDthe Department of Housing and Urban Development, FHA, VA FHA or RD V A be required, such Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approvedsentence, Seller shall take all necessary action to maintain all of its their applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction. Seller shall maintain has adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. To the extent previously approved, The Seller shall maintain all Agency Approvals its status with Xxxxxx Mae as an approved lender and Xxxxxxx Mac as an approved seller/servicer, in each case shall remain in good standing with respect to such (“Agency Approvals”). Servicer shall service all Mortgage Loans in accordance with the Xxxxxx Mae Guide. Should SellerServicer, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any change in its delegated underwriting authority from any AgencyApprovals, or should notification of an adverse occurrence to the relevant Agency or to HUD, FHA, FHA or VA or RD be required, such Seller shall so notify the Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approvedsentence, Seller Servicer shall take all necessary action to maintain all of its their applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transactionuntil the Seller’s Obligations hereunder have been paid and satisfied in full. Seller The Servicer shall maintain adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.

Agency Approvals; Servicing. To the extent previously approved, Seller shall maintain all Agency Approvals its status with Fannie Mae as an approved lender and Freddie Mac as an approved sellex/xxxxixxx, in each case shall remain in good standing stanxxxx. Xeller shall service all Purchased Mortgage Loans which are Committed Mortgage Loans in accordance with respect to such Agency Approvalsthe applicable agency guide. Should Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, should Seller experience any change in its delegated underwriting authority from any AgencyApprovals, or should notification of an adverse occurrence to the relevant Agency or to HUDthe Department of Housing and Urban Development, FHA, FHA or VA or RD be required, such Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence and to the extent previously approvedsentence, Seller shall take all necessary action to maintain all of its their applicable Agency Approvals at all times during the term of this Agreement and each outstanding Transaction. Seller shall maintain has adequate financial standing, servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance with Accepted Servicing Practices.