Common use of Agency Approvals; Servicing Clause in Contracts

Agency Approvals; Servicing. Seller shall maintain its status with Xxxxxx Xxx and GNMA as an approved lender and Xxxxxxx Mac as an approved seller/servicer, in each case in good standing (each such approval, an “Agency Approval”). Should Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, or should notification to the relevant Agency or to HUD, FHA or VA be required, Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence, Seller shall take all necessary action to maintain all of its applicable Agency Approvals at all times during the term of this Repurchase Agreement and each outstanding Transaction.

Agency Approvals; Servicing. Seller shall maintain its status with Xxxxxx Xxx and GNMA Mae as an approved lender and Xxxxxxx Mac as an approved seller/servicer, in each case in good standing (each such approval, an “Agency Approval”). Should the Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, or should notification to the relevant Agency or to HUD, FHA or VA be required, Seller shall so notify Buyer Administrative Agent immediately in writing. Notwithstanding the preceding sentence, Seller shall take all necessary action to maintain all of its applicable Agency Approvals at all times during the term of this Repurchase Agreement and each outstanding Transaction.

Agency Approvals; Servicing. Unless otherwise approved in writing by Buyer in advance, Seller shall maintain its status (to the extent previously approved) with Xxxxxx Xxx Fxxxxx Mae, Fxxxxxx Mac and GNMA as an approved lender and Xxxxxxx Fxxxxxx Mac as an approved seller/servicer, in each case in good standing (each such approval, an “Agency Approval”). Should Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, or should notification to the relevant Agency or to HUD, FHA or VA be requiredApprovals, Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence, Seller shall take all necessary action to maintain all of its applicable Agency Approvals (to the extent previously approved) at all times during the term of this Repurchase Agreement and each outstanding Transaction.

Agency Approvals; Servicing. The Seller shall maintain its status with Xxxxxx Xxx and GNMA Mae as an approved lender and Xxxxxxx Mac as an approved seller/servicer, in each case in good standing (each such approval, an “Agency Approval”). Should the Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, or should notification to the relevant Agency or to HUD, FHA or VA be required, the Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence, the Seller shall take all necessary action to maintain all of its applicable Agency Approvals at all times during the term of this Repurchase Agreement and each outstanding Transaction.

Agency Approvals; Servicing. Seller shall maintain its status with Xxxxxx Xxx and GNMA as an approved lender and Xxxxxxx Mac as an approved seller/servicer, in each case in good standing (each such approval, an “Agency Approval”). Should Seller, for any reason, cease to possess all such applicable Agency Approvals to the extent necessary, or should notification to the relevant Agency or to HUD, FHA or VA be required, Seller shall so notify Buyer immediately in writing. Notwithstanding the preceding sentence, Seller shall take all necessary action to maintain all of its applicable Agency Approvals at all times during the term of this Repurchase Agreement and each outstanding Transaction.