Common use of Broker-Dealers Clause in Contracts

Broker-Dealers. (a) The Auction Agent will enter into a Broker-Dealer Agreement with Xxxxxxx Xxxxx Xxxxxx Inc. ("Salomon") as the initial Broker-Dealer. The Servicer may, from time to time, approve one or more additional persons to serve as Broker-Dealers under Broker-Dealer Agreements and shall be responsible for providing such Broker-Dealer Agreements to the Trustee and the Auction Agent, provided, however that while Salomon is serving as the Market Agent, Salomon shall have the right to consent to the approval of any additional Broker- Dealers, which consent will not be unreasonably withheld. The Auction Agent shall have entered into a Broker-Dealer Agreement with each Broker-Dealer prior to the participation of any such Broker-Dealer in any Auction. (b) Any Broker-Dealer may be removed at any time, at the request of the Servicer, but there shall, at all times, be at least one Broker-Dealer appointed and acting as such.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Greenpoint Financial Corp), Pooling and Servicing Agreement (Greenpoint Credit LLC), Pooling and Servicing Agreement (Greenpoint Credit LLC)

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Broker-Dealers. (a) The Auction Agent will enter into a Broker-Dealer Agreement with Xxxxxxx Xxxxx Xxxxxx Inc. Salomon Smith Barney ("Salomon") as the initial Broker-Dealer. The Servicer X Xxxxxxxxxlx Xxxxcer of the Representative may, from time to time, approve one or more additional persons to serve as Broker-Dealers under Broker-Dealer Agreements and shall be responsible for providing such Broker-Dealer Agreements to the Trustee and the Auction Agent, provided, however that while Salomon is serving as the Market AgentBroker-Dealer, Salomon shall have the right to consent to the approval of any additional Broker- Broker-Dealers, which consent will not be unreasonably withheld. The Auction Agent shall have entered into a Broker-Dealer Agreement with each Broker-Dealer prior to the participation of any such Broker-Dealer in any Auction. (b) Any Broker-Dealer may be removed at any time, at the request of a Responsible Officer of the ServicerRepresentative, but there shall, at all times, be at least one Broker-Dealer appointed and acting as such.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Money Store Home Equity Corp), Pooling and Servicing Agreement (TMS Mortgage Inc)

Broker-Dealers. (a) The Auction Agent will enter into a Broker-Dealer Agreement with Xxxxxxx Xxxxx Xxxxxx Inc. Credit Suisse First Boston Corporation ("SalomonCredit Suisse") as the initial Broker-Broker- Dealer. The Servicer may, from time to time, approve one or more additional persons to serve as Broker-Dealers under Broker-Dealer Agreements and shall be responsible for providing such Broker-Dealer Agreements to the Trustee and the Auction Agent, provided, however that while Salomon Credit Suisse is serving as the Market Agent, Salomon Credit Suisse shall have the right to consent to the approval of any additional Broker- Broker-Dealers, which consent will not be unreasonably withheld. The Auction Agent shall have entered into a Broker-Dealer Agreement with each Broker-Dealer prior to the participation of any such Broker-Dealer in any Auction. (b) Any Broker-Dealer may be removed at any time, at the request of the Servicer, but there shall, at all times, be at least one Broker-Dealer appointed and acting as such.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC), Pooling and Servicing Agreement (Greenpoint Credit LLC)

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Broker-Dealers. (a) The Auction Agent will enter into a Broker-Dealer Agreement with Xxxxxxx Xxxxx Xxxxxx Salomon Smith Barney Inc. ("SalomonSSB") as the initial Broker-Dealer. The Servicer mayXxx Xxxxxxxx xxx, from time to time, approve one or more additional persons to serve as Broker-Dealers under Broker-Dealer Agreements and shall be responsible for providing such Broker-Dealer Agreements to the Trustee and the Auction Agent, provided, however that while Salomon SSB is serving as the Market Agent, Salomon SSB shall have the right to consent to the approval of any additional Broker- Broker-Dealers, which consent will not be unreasonably withheld. The Auction Agent shall have entered into a Broker-Dealer Agreement with each Broker-Dealer prior to the participation of any such Broker-Dealer in any Auction. (b) Any Broker-Dealer may be removed at any time, at the request of the Servicer, but there shall, at all times, be at least one Broker-Dealer appointed and acting as such.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit Manufactured Housing Cont Tru Ser 2001-2)

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