Controlling Holder Rights. BOCM 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 exercise all of Assignee's rights as Purchaser under the following section of the Purchase Agreement: Purchase Agreement: Section or Subsection Matter 7.03, other than 7.03(c) Repurchase and Substitution
Appears in 3 contracts
Samples: Representations and Warranties Agreement, Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-3), Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-3)
Controlling Holder Rights. BOCM 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 exercise all of Assignee's rights as Purchaser under the following section of the Purchase Agreement: Purchase Agreement: Section or Subsection Matter 7.03, other than 7.03(c) Repurchase and SubstitutionMatter
Appears in 2 contracts
Samples: Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-2), Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2012-2)
Controlling Holder Rights. BOCM The Bank 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 exercise assume all of Assignee's rights and all related responsibilities as Purchaser under each of the following section sections of the Purchase Sale and Servicing Agreement: Purchase Sale and Servicing Agreement: Section or Subsection Matter 7.03, other than 7.03(c) Repurchase and Substitution
Appears in 2 contracts
Samples: Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2012-1), Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2012-1)
Controlling Holder Rights. BOCM Shore 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 exercise all of Assignee's rights as Purchaser under the following section of the Purchase Agreement: Purchase Agreement: Section or Subsection Matter 7.03, other than 7.03(c) Repurchase and Substitution
Appears in 2 contracts
Samples: Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2013-3), Assignment of Representations and Warranties Agreement (Sequoia Mortgage Trust 2013-3)
