Common use of Assignment by Each Seller Clause in Contracts

Assignment by Each Seller. Each Seller (with respect to its related Mortgage Loans) shall assign (exclusive of each Seller’s rights arising under Section 8.02(iii)), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of such Seller under this Agreement.

Appears in 10 contracts

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7), Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002-Bc8)

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Assignment by Each Seller. Each Seller (with respect to its related Mortgage Loans) shall assign (exclusive of each Seller’s 's rights arising under Section 8.02(iii)), its interest under this Agreement to the Depositor, which in turn shall assign such rights to the Trustee, and the Trustee then shall succeed to all rights of such Seller under this Agreement.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc2)

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