Common use of Guarantee of Certain Obligation of Servicer under Servicing Agreement Clause in Contracts

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guaraxxxxx to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 54 contracts

Samples: Servicing Agreement (Wells Fargo Alternative Loan 2007-Pa1 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar15 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar5 Trust)

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Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guaraxxxxx xxarantees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 8 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-17 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar13 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-6 Trust)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guaraxxxxx guaranxxxx to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 5 contracts

Samples: Servicing Agreement (Wells Fargo Alternative Loan 2007-Pa5 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar3 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-8 Trust)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guaraxxxxx xuarantees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 3 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar1 Trust), Master Guarantee Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar3 Trust)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Xxxxx Fargo hereby absolutely, unconditionally and irrevocably guaraxxxxx guarantees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 2 contracts

Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-19 Trust)

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Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guaraxxxxx irrevocxxxx guarantees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 2 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-13 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-7 Trust)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Fargo hereby absolutely, unconditionally and irrevocably guaraxxxxx xxxxxntees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's general assets (such obligation, the "Servicer's Obligation").

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar8 Trust)

Guarantee of Certain Obligation of Servicer under Servicing Agreement. Wells Wxxxx Fargo hereby absolutely, unconditionally and irrevocably guaraxxxxx guarantees to each Trustee for the benefit of the certificateholders of each MBS Transaction the full and prompt performance, satisfaction and discharge of Servicer's ’s obligation under each Servicing Agreement to remit to the related Certificate Account by the time specified in each Servicing Agreement amounts, if any, withdrawn by the Servicer from the related Custodial P&I Account and commingled with the Servicer's ’s general assets (such obligation, the "Servicer's ’s Obligation").

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)

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