MERS Designated Mortgage Loans. With respect to each MERS Designated Mortgage Loan, the Company shall, within a reasonable time following the related Closing Date, designate the Purchaser as the Investor and the Custodian as custodian, and no Person shall be listed as Interim Funder on the MERS System.
Appears in 4 contracts
Samples: Warranties and Servicing Agreement (Sasco 2006-Bc4), Warranties and Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5), Reconstituted Servicing Agreement (Sail 2006-3)
MERS Designated Mortgage Loans. With respect to each MERS Designated Mortgage Loan, the Company Seller shall, within a reasonable time following on or prior to the related Closing Date, designate the Purchaser as the Investor and the Custodian as custodianInvestor, and no Person shall be listed as Interim Funder on the MERS System. In addition, on or prior to the related Closing Date, Seller shall provide the Custodian and the Purchaser with a MERS Report listing the Purchaser as the Investor and no Person as Interim Funder with respect to each MERS Designated Mortgage Loan.
Appears in 2 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2007-He1), Assignment and Recognition Agreement (Natixis Real Estate Capital Trust 2007-He2)
