Approved Servicer Sample Clauses

Approved Servicer. Other than as disclosed to the Lender Agent prior to the Closing Date, with respect to the Guarantors (other than ResCap) only, each such Guarantor is approved by ▇▇▇▇▇▇ ▇▇▇ as an approved lender, and GMAC Mortgage is approved by each of ▇▇▇▇▇▇▇ Mac and ▇▇▇▇▇▇ ▇▇▇ as an approved seller, HUD pursuant to Sections 203 and 211 of the National Housing Act, the FHA as an FHA Approved Mortgagee and Servicer, and the VA as a VA Approved Lender. GMAC Mortgage is approved by ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇ ▇▇▇ as an approved servicer. In each such case, (w) each such Guarantor is in good standing with ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA, and/or the VA, as applicable, (x) no Guarantor has received from ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA or the VA any notice revoking or suspending, or indicating any adverse fact or circumstance which could reasonably be expected to entitle ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA or the VA, as the case may be, to revoke or suspend any of the aforementioned approvals, and (y) each FHA Insurance Contract and VA Guaranty Agreement applicable to the Guarantors (other than ResCap) or their Subsidiaries is in full force and effect.

Approved Servicer. Ocwen is approved and in good standing with ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇▇ Mac as a servicer of mortgage loans.

Approved Servicer. Except as disclosed to the Lender Agent prior to the Amendment Closing Date (i) with respect to the Borrowers only, each such Borrower is approved by ▇▇▇▇▇▇ Mae as an approved lender, (ii) GMACM is approved by each of ▇▇▇▇▇▇▇ Mac and ▇▇▇▇▇▇ Mae as an approved seller, HUD pursuant to Sections 203 and 211 of the National Housing Act, the FHA as an FHA Approved Mortgagee and Servicer, and the VA as a VA Approved Lender, (iii) each Borrower is approved by ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇ ▇▇▇ as an approved servicer, (iv) each Borrower is in good standing with ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA, and/or the VA, as applicable, (v) no circumstances exist that would either entitle ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA or the VA to revoke or suspend any such approvals or entitle ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ ▇▇▇ to terminate any Borrower as servicer for cause under any servicing arrangement, (vi) no Borrower has received from ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA or the VA any notice revoking or suspending, or indicating any intent to revoke or suspend, or indicating any adverse fact or circumstance which could reasonably be expected to entitle ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA or the VA, as the case may be, to revoke or suspend any of the aforementioned approvals, and (vii) each FHA Insurance Contract and VA Guaranty Agreement applicable to the Borrowers or their Subsidiaries is in full force and effect. Notwithstanding the foregoing, with respect to each Borrower, if the failure of such Borrower to comply with any of clauses (i) through (vii) above could not reasonably be expected to have a Material Adverse Effect (including any material adverse change in the value, validity, enforceability or collectability of the ▇▇▇▇▇▇▇ Advances, such failure shall not constitute a breach of this Section 6.01(n).

Approved Servicer. Purchaser is an approved servicer of FHLMC, FMNA, and GNMA in good standing. No actions, suits or proceedings are pending or threatened against the Purchaser in any court or before any administrative agency, the outcome of which would have an adverse effect on Purchaser's ability to service the Loans under this Agreement. Purchaser will do nothing which would in any way adversely affect the Investors' approval hereto.

Approved Servicer. Servicer (i) meets all of the eligibility requirements set forth in Section 101.01 of the Guide and (ii) is (x) a mortgagee approved by HUD or (y) an institution whose deposit accounts are insured by the Federal Deposit Insurance Corporation.