Controlling Holder Rights. PHH agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee's rights and all related responsibilities of the Assignee under each of the following sections of the Purchase and Servicing Agreement: Purchase and Servicing Agreement: Section Matter
Appears in 7 contracts
Samples: Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2013-1), Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2012-6), Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2012-6)
Controlling Holder Rights. PHH agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee's rights and all related responsibilities of the Assignee under each of the following sections of the Purchase and Servicing Agreement: Purchase and Servicing Agreement: Section MatterMatter 3.04 Repurchase and Substitution
Appears in 6 contracts
Samples: Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2012-5), Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2012-5), Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2012-3)
Controlling Holder Rights. PHH agrees and acknowledges that Sequoia Mortgage Funding Corporation, an Affiliate of the Depositor, in its capacity as the initial Controlling Holder pursuant to the Pooling and Servicing Agreement, and for so long as it is the Controlling Holder, will assume all of Assignee's rights and all related responsibilities of the Assignee under each of the following sections of the Purchase Agreement and the Purchase and Servicing Agreement: Purchase and Servicing Agreement: Section Matter
Appears in 2 contracts
Samples: Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2011-2), Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2011-2)
