Common use of Financial Statements; Servicing Facilities Clause in Contracts

Financial Statements; Servicing Facilities. In connection with marketing the Mortgage Loans, the Purchaser may make available to a prospective purchaser audited financial statements of the corporate group that includes the Servicer for the most recently completed five fiscal years for which such statements are available, as well as a Consolidated Statement of Condition at the end of the last two fiscal years covered by any Consolidated Statement of Operations. The Servicer also shall make available any comparable interim statements to the extent any such statements have been prepared by or on behalf of the corporate group that includes the Servicer (and are available upon request to members or stockholders of the corporate group that includes the Servicer or to the public at large). The Servicer shall furnish promptly to the Purchaser or a prospective purchaser copies of the statements specified above. The Servicer shall make available to the Purchaser or any prospective Purchaser a knowledgeable financial or accounting officer for the purpose of answering questions respecting recent developments affecting the Servicer or the financial statements of the corporate group that includes the Servicer, and to permit any prospective purchaser to inspect the Servicer’s servicing facilities for the purpose of satisfying such prospective purchaser that the Servicer has the ability to service the Mortgage Loans as provided in this Agreement.

Appears in 4 contracts

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)

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Financial Statements; Servicing Facilities. In connection with marketing the Mortgage Loans, the Purchaser may make available to a prospective purchaser audited financial statements of the corporate group that includes the Servicer for the most recently completed five fiscal years for which such statements are available, as well as a Consolidated Statement of Condition at the end of the last two fiscal years covered by any Consolidated Statement of Operations. The Servicer also shall make available any comparable interim statements to the extent any such statements have been prepared by or on behalf of the corporate group that includes the Servicer (and are available upon request to members or stockholders of the corporate group that includes the Servicer or to the public at large). The Servicer shall furnish promptly to the Purchaser or a prospective purchaser copies of the statements specified above. The Servicer shall make available to the Purchaser or any prospective Purchaser a knowledgeable financial or accounting officer for the purpose of answering questions respecting recent developments affecting the Servicer or the financial statements of the corporate group that includes the Servicer, and to permit any prospective purchaser to inspect the Servicer’s 's servicing facilities for the purpose of satisfying such prospective purchaser that the Servicer has the ability to service the Mortgage Loans as provided in this Agreement.

Appears in 4 contracts

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-2ax), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-3xs), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-17xs)

Financial Statements; Servicing Facilities. In connection with marketing the Mortgage Loans, the Purchaser may make available to a prospective purchaser audited financial statements Purchaser a Consolidated Statement of Operations of the corporate group that includes the Interim Servicer for the most recently completed five three fiscal years for which such statements are a statement is available, as well as a Consolidated Statement of Condition at the end of the last two fiscal years covered by any such Consolidated Statement of Operations. The Interim Servicer also shall make available any comparable interim statements to the extent any such statements have been prepared by or on behalf of the corporate group that includes the Interim Servicer (and are available upon request to members or stockholders of the corporate group that includes the Interim Servicer or to the public at large). The If it has not already done so, the Interim Servicer shall furnish promptly to the Purchaser or a prospective purchaser copies of the statements statement specified above. The Interim Servicer shall make available to the Purchaser or any prospective Purchaser a knowledgeable financial or accounting officer for the purpose of answering questions respecting recent developments affecting the Interim Servicer or the financial statements of the corporate group that includes the Interim Servicer, and to permit any prospective purchaser Purchaser to inspect the Interim Servicer’s servicing facilities for the purpose of satisfying such prospective purchaser Purchaser that the Interim Servicer has have the ability to service the Mortgage Loans as provided in this Agreement.

Appears in 4 contracts

Samples: Interim Servicing Agreement (Lehman XS Trust Series 2006-Gp1), Interim Servicing Agreement (Lehman XS Trust Series 2006-Gp2), Interim Servicing Agreement (Lehman XS Trust Series 2006-4n)

Financial Statements; Servicing Facilities. In connection with marketing the Mortgage Loans, the Purchaser may make available to a prospective purchaser audited financial statements Purchaser a Consolidated Statement of Operations of the corporate group that includes the Interim Servicer for the most recently completed five three fiscal years for which such statements are a statement is available, as well as a Consolidated Statement of Condition at the end of the last two fiscal years covered by any such Consolidated Statement of Operations. The Interim Servicer also shall make available any comparable interim statements to the extent any such statements have been prepared by or on behalf of the corporate group that includes the Interim Servicer (and are available upon request to members or stockholders of the corporate group that includes the Interim Servicer or to the public at large). The If it has not already done so, the Interim Servicer shall furnish promptly to the Purchaser or a prospective purchaser copies of the statements statement specified above. The Interim Servicer shall make available to the Purchaser or any prospective Purchaser a knowledgeable financial or accounting officer for the purpose of answering questions respecting recent developments affecting the Interim Servicer or the financial statements of the corporate group that includes the Interim Servicer, and to permit any prospective purchaser Purchaser to inspect the Interim Servicer’s 's servicing facilities for the purpose of satisfying such prospective purchaser Purchaser that the Interim Servicer has have the ability to service the Mortgage Loans as provided in this Agreement.

Appears in 4 contracts

Samples: Interim Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Cer Ser 2002-8a), Interim Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Cer Se 2002-1a), Interim Servicing Agreement (Structured Asset Securities Corp Mort Pas-THR Cert Ser 2002-)

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Financial Statements; Servicing Facilities. In connection with marketing the Mortgage LoansLoans or a proposed Reconstitution, the Purchaser Owner may make available to a prospective purchaser audited financial statements of the corporate consolidated group that includes the Servicer for the most recently completed five three fiscal years for which such statements are available, as well as a Consolidated Statement of Condition at the end of the last two fiscal years covered by any Consolidated Statement of Operations. The Servicer also shall make available any comparable interim statements to the extent any such statements have been prepared by or on behalf of the corporate group that includes the Servicer (and are available upon request to members or stockholders of the corporate group that includes the Servicer or to the public at large). The Servicer shall furnish promptly to the Purchaser Owner or a prospective purchaser copies of the statements specified above. The Upon reasonable prior notice, the Servicer shall make available to the Purchaser Owner or any prospective Purchaser purchaser a knowledgeable financial or accounting officer for the purpose of answering questions respecting recent developments affecting the Servicer or the financial statements of the corporate group that includes the Servicer, and to permit any prospective purchaser to inspect the Servicer’s 's servicing facilities for the purpose of satisfying such prospective purchaser that the Servicer has the ability to service the Mortgage Loans as provided in this Agreement.

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-3)

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