Assignment by Seller. Each Seller (with respect to its related Mortgage Loans) shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of such Seller’s rights and obligations as owner of the servicing rights relating to the Mortgage Loans), 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 each Seller (with respect to its related Mortgage Loans) under this Agreement. All references to either Seller (with respect to its related Mortgage Loans) in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.
Appears in 7 contracts
Samples: Subservicing Agreement (Structured Asset Securities Corp), Subservicing Agreement (Structured Asset Investment Loan Trust 2003-Bc2), Subservicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002-Bc8)
Assignment by Seller. Each Seller (with respect to its related Mortgage Loans) shall have the right, upon notice to but without the consent of the Servicer, to assign, in whole or in part (but exclusive of such Seller’s 's rights and obligations as owner of the servicing rights relating to the Mortgage Loans), 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 each Seller (with respect to its related Mortgage Loans) under this Agreement. All references to either Seller (with respect to its related Mortgage Loans) in this Agreement shall be deemed to include its assignee or designee and any subsequent assignee or designee, specifically including the Trustee.
Appears in 2 contracts
Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc2), Servicing Agreement (Structured Ass Sec Cor a R Col Tr MRT Ps THR CRT Ser 01-Bc6)
