Common use of Agent for Party B Clause in Contracts

Agent for Party B. Party A acknowledges that the Securities Administrator has been appointed as agent under the Pooling and Servicing Agreement to carry out certain functions on behalf of Party B, and that the Securities Administrator shall be entitled to give notices and to perform and satisfy the obligations of Party B hereunder on behalf of Party B.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2007-2), Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2007-1)

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Agent for Party B. Party A acknowledges that Party B has appointed the Securities Administrator has been appointed as its agent under the Pooling and Servicing Agreement to carry out certain functions on behalf of Party B, and that the Securities Administrator shall be entitled to give notices and to perform and satisfy the obligations of Party B hereunder on behalf of Party B.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Asap6), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Nc3)

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