Common use of Approved Seller Clause in Contracts

Approved Seller. Greenpoint is an approved seller/servicer for each Agency in good standing and is a mortgagee approved by the Secretary of HUD. No event has occurred, including a change in insurance coverage, which would make Greenpoint unable to comply with Fannie Mae, Freddie Mac or HUD eligibility requirements. Furthermore, ix xx xnx ximx xxxxx to the termination of this Agreement, Greenpoint is unable to comply with any of the Fannie Mae, Freddie Mac or HUD eligibility requirements, it shall immedxxxxxx notifx xxx Xurchaser that it is no longer an approved seller/servicer as defined in the first sentence above;

Approved Seller. Greenpoint is an approved seller/servicer for each Agency in good standing and is a mortgagee approved by the Secretary of HUD. No event has occurred, including a change in insurance coverage, which would make Greenpoint unable to comply with Fannie Mae, Freddie Mac or HUD eligibility requirementseligixxxxxx xxxuixxxxxxx. Furthermore, ix xx xnx ximx xxxxx if at any time prior to the termination of this Agreement, Greenpoint is unable to comply with any of the Fannie Mae, Freddie Mac or HUD eligibility requirementseligixxxxxx requixxxxxxx, it shall immedxxxxxx notifx xxx Xurchaser immediately notify the Purchaser that it is no longer an approved seller/servicer as defined in the first sentence above;

Approved Seller. Greenpoint GreenPoint is an approved seller/servicer for each Agency in good standing and is a mortgagee approved by the Secretary of HUD. No event has occurred, including a change in insurance coverage, which would make Greenpoint GreenPoint unable to comply with Fannie Mae, Freddie Mac or HUD eligibility requirements. Furthermore, ix xx xnx ximx xxxxx xt xxy xxxx xxior to the termination of this Agreement, Greenpoint GreenPoint is unable to comply with any of the Fannie Mae, Freddie Mac or HUD eligibility requirements, it shall immedxxxxxx notifx xxx Xurchaser imxxxxxxely noxxxx xxe Purchaser that it is no longer an approved seller/servicer as defined in the first sentence above;