Common use of Counterparts; Successors and Assigns Clause in Contracts

Counterparts; Successors and Assigns. This Agreement may be executed in one or more counterparts, and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same agreement. This Agreement shall inure to the benefit of and be binding upon the Seller and the Purchaser. Notwithstanding the foregoing, (a) the Seller shall not assign its rights and obligations under this Agreement without the prior written consent of the Purchaser, which consent shall not be unreasonably withheld or delayed, and (b) the Purchaser may not assign its rights and obligations under this Agreement except (i) as provided in Section 6.1 or (ii) with the prior written consent of the Seller, which consent shall not be unreasonably withheld or delayed (in which case all references to the Purchaser herein shall be deemed to include such assignee).

Appears in 4 contracts

Samples: Mortgage Loan Purchase and Sale Agreement (WaMu Asset Acceptance Corp.), Mortgage Loan Purchase and Sale Agreement (WaMu Asset Acceptance Corp.), Mortgage Loan Purchase and Sale Agreement (WaMu Asset Acceptance Corp.)

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Counterparts; Successors and Assigns. This Agreement may be executed in one or more counterparts, and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same agreement. This Agreement shall inure to the benefit of and be binding upon the Seller Sellers and the Purchaser. Notwithstanding the foregoing, (a) none of the Seller Sellers shall not assign its rights and obligations under this Agreement without the prior written consent of the Purchaser, which consent shall not be unreasonably withheld or delayed, delayed and (b) the Purchaser may not assign its rights and obligations under this Agreement except (i) as provided in Section 6.1 Article 6, or (ii) with the prior written consent of the Sellerapplicable Seller or Sellers, which consent shall not be unreasonably withheld or delayed (in which case all references to the Purchaser herein shall be deemed to include such assigneeassignee or designee).

Appears in 4 contracts

Samples: Servicing Agreement (Lehman Mortgage Trust 2007-3), Mortgage Loan Purchase and Sale Agreement (GSR Mortgage Loan Trust 2007-3f), Mortgage Loan Purchase and Sale Agreement (GSR Mortgage Loan Trust 2006-9f)

Counterparts; Successors and Assigns. This Agreement may be executed in one or more counterparts, and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same agreement. This Agreement shall inure to the benefit of and be binding upon the Seller Sellers and the Purchaser. Notwithstanding the foregoing, (a) none of the Seller Sellers shall not assign its rights and obligations under this Agreement without the prior written consent of the Purchaser, which consent shall not be unreasonably withheld or delayed, and (b) the Purchaser may not assign its rights and obligations under this Agreement except (i) as provided in Section 6.1 or (ii) with the prior written consent of the Sellerapplicable Seller or Sellers, which consent shall not be unreasonably withheld or delayed (in which case all references to the Purchaser herein shall be deemed to include such assignee).

Appears in 2 contracts

Samples: Pooling and Servicing Agreement, Mortgage Loan Purchase and Sale Agreement (WaMu Asset Acceptance Corp.)

Counterparts; Successors and Assigns. This Agreement may be executed in one or more counterparts, and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same agreement. This Agreement shall inure to the benefit of and be binding upon the Seller Company and the Purchaser. Notwithstanding the foregoing, (ai) the Seller Company shall not assign its rights and obligations under this Agreement without the prior written consent of the Purchaser, which consent shall not be unreasonably withheld or delayed, and (bii) the Purchaser may not assign its rights and obligations under this Agreement except (ia) as provided in Section 6.1 Article 6, or (iib) with the prior written consent of the Seller, which consent shall not be unreasonably withheld or delayed Company (in which case all references to the Purchaser herein shall be deemed to include such assignee).

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Luminent Mortgage Trust 2007-1)

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Counterparts; Successors and Assigns. This Agreement may be executed in one or more counterparts, and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same agreement. This Agreement shall inure to the benefit of and be binding upon the Seller and the Purchaser. Notwithstanding the foregoing, (a) the Seller shall not assign its rights and obligations under this Agreement without the prior written consent of the Purchaser, which consent shall not be unreasonably withheld or delayed, delayed and (b) the Purchaser may not assign its rights and obligations under this Agreement except (i) as provided in Section 6.1 Article 6. Notwithstanding anything to the contrary in this Agreement, the Purchaser may pledge, hypothecate, assign or (ii) with otherwise transfer the prior written consent of Mortgage Loans to any third party without obtaining the Seller’s consent; provided, which consent however, the Seller shall not be unreasonably withheld or delayed (in which case all references required to perform its obligations under this Agreement to such third party, and the Purchaser herein Purchaser, and not such third party, shall be deemed continue to include such assignee)perform the Purchaser’s obligations under this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2005-S2)

Counterparts; Successors and Assigns. This Agreement may be executed in one or more counterparts, and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed to be an original; such counterparts, together, shall constitute one and the same agreement. This Agreement shall inure to the benefit of and be binding upon the Seller Sellers and the Purchaser. Notwithstanding the foregoing, (a) none of the Seller Sellers shall not assign its rights and obligations under this Agreement without the prior written consent of the Purchaser, which consent shall not be unreasonably withheld or delayed, delayed and (b) the Purchaser may not assign its rights and obligations under this Agreement except (i) as provided in Section 6.1 Article 6, or (ii) with the prior written consent of the Sellerapplicable Seller or Sellers, which consent shall not be unreasonably withheld or delayed (in which case all references to the Purchaser herein shall be deemed to include such assignee)delayed.

Appears in 1 contract

Samples: Servicing Agreement (Bear Stearns Asset Backed Securities Inc)

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