MLML Shall Not Benefit Clause Samples
The "MLML Shall Not Benefit" clause establishes that MLML, likely a party to the agreement, is not entitled to receive any benefits, rights, or advantages that may arise from the contract or its provisions. In practice, this means that even if the contract contains terms that could be interpreted as advantageous to MLML, those terms do not apply to them, and MLML cannot claim any direct or indirect benefit. This clause is typically used to clarify the parties' intentions and prevent unintended third-party benefits, ensuring that only the designated parties receive the contract's advantages and reducing the risk of disputes over entitlement.
MLML Shall Not Benefit. The parties hereto agree and acknowledge that amounts paid hereunder are not intended to benefit the holder of any class of certificates rated by any rating agency if such holder is MLML or any of its affiliates. If MLML or any of its affiliates receives any such amounts, it will promptly remit (or, if such amounts are received by an affiliate of MLML, MLML hereby agrees that it will cause such affiliate to promptly remit) such amounts to the Securities Administrator, whereupon the Securities Administrator will promptly remit such amounts to the Cap Provider.
MLML Shall Not Benefit. The parties hereto agree and acknowledge that amounts paid hereunder are not intended to benefit the holder of any class of certificates rated by any rating agency if such holder is ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Lending, Inc. ("MLML") or any of its affiliates. If MLML or any of its affiliates receives any such amounts, it will promptly remit (or, if such amounts are received by an affiliate of MLML, MLML hereby agrees that it will cause such affiliate to promptly remit) such amounts to the Securities Administrator (as defined in the Pooling and Servicing Agreement), whereupon the Securities Administrator (as defined in the Pooling and Servicing Agreement) will promptly remit such amounts to the Cap Provider.
MLML Shall Not Benefit. The parties hereto agree and acknowledge that amounts paid hereunder are not intended to benefit the holder of any class of certificates rated by any rating agency if such holder is ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Lending, Inc. ("MLML") or any of its affiliates. If MLML or any of its affiliates receives any such amounts, it will promptly remit (or, if such amounts are received by an affiliate of MLML, MLML hereby agrees that it will cause such affiliate to promptly remit) such amounts to the Securities Administrator, whereupon the Securities Administrator will promptly remit such amounts to the Cap Provider.
MLML Shall Not Benefit. The parties hereto agree and acknowledge that amounts paid hereunder are not intended to benefit the holder of any class of certificates rated by any rating agency if such holder is ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Lending, Inc. ("MLML") or any of its affiliates. If MLML or any of its affiliates receives any such amounts, it will promptly remit (or, if such amounts are received by an affiliate of MLML, MLML hereby agrees that it will cause such affiliate to promptly remit) such amounts to the Trustee, whereupon the Trustee will promptly remit such amounts to Party A.
MLML Shall Not Benefit. The parties hereto agree and acknowledge that amounts paid hereunder are not intended to benefit the holder of any class of the Merrill Lynch Mortgage Investors Trust, MLMI 2005-HE2 Mortgage Loan ▇▇▇▇t ▇▇▇▇ed Certificates rated by any rating agency if such holder is Merrill Lynch Mortgage Lending Inc. ("MLML") or any of its affiliates. ▇▇ ▇▇▇▇ or any of its affiliates receives any such amounts, it will promptly remit (or, if such amounts are received by an affiliate of MLML, MLML hereby agrees that it will cause such affiliate promptly to remit) such amounts to the Trustee, whereupon the Trustee shall promptly remit such amounts to BNY. The Trustee shall provide notice to BNY prior to remitting any such amounts to BNY.
MLML Shall Not Benefit. The parties hereto agree and acknowledge that amounts paid hereunder are not intended to benefit the holder of any class of certificates rated by any rating agency if such holder is ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Lending, Inc. ("MLML") or any of its affiliates. If MLML or any of its affiliates receives any such amounts, it will promptly remit (or, if such amounts are received by an affiliate of MLML, MLML hereby agrees that it will cause such affiliate to promptly remit) such amounts to the Supplemental Interest Trust Trustee, whereupon the Supplemental Interest Trust Trustee will promptly remit such amounts to Party A.
MLML Shall Not Benefit. The parties hereto agree and acknowledge that amounts paid hereunder are not intended to benefit the holder of any class of certificates rated by any rating agency if such holder is ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Lending, Inc. ("MLML") or any of its affiliates. If MLML or any of its affiliates receives any such amounts, it will promptly remit (or, if such amounts are received by an affiliate of MLML, MLML hereby agrees that it will cause such affiliate to promptly remit) such amounts to the Securities Administrator, whereupon the Securities Administrator will promptly remit such amounts to the Cap Provider.
8. In the event that the transaction to which the Pooling and Servicing Agreement relates does not occur, and the ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Investors Trust, Series 2006-HE6 is not formed, Party A and MLML agree that MLML shall become the Party B under this Agreement. [Signature Page Immediately Follows] Please promptly confirm that the foregoing correctly sets forth the terms of the Transaction entered into between us by executing this Confirmation and returning it to us by facsimile to: The Royal Bank of Scotland plc Attention: Derivatives Documentation Fax: [__________] For and on behalf of THE ROYAL BANK OF SCOTLAND PLC By: Greenwich Capital Markets, Inc., its agent Name: ------------------------------- Title: ------------------------------ Date: ------------------------------- For and on behalf of LASALLE BANK NATIONAL ASSOCIATION, not individually, but solely as trustee for the Trust with respect to ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Investors Trust 2006-HE6 Name: ------------------------------- Title: ------------------------------ Date: ------------------------------- For and on behalf of ▇▇▇▇▇▇▇ ▇▇▇▇▇ MORTGAGE LENDING INC. Name: ------------------------------- Title: ------------------------------ Date: ------------------------------- SCHEDULE A All dates subject to adjustment in accordance with the Following Business Day Convention.
MLML Shall Not Benefit. The parties hereto agree and acknowledge that amounts paid hereunder are not intended to benefit the holder of any class of certificates rated by any rating agency if such holder is MLML or any of its affiliates. If MLML or any of its affiliates receives any such amounts, it will promptly remit (or, if such amounts are received by an affiliate of MLML, MLML hereby agrees that it will cause such affiliate to promptly remit) such amounts to the Securities Administrator, whereupon the Securities Administrator will promptly remit such amounts to the Cap Provider. Reference Number: IRG16082450 ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Investors Trust, Series 2006-HE5 September 28, 2006 Page 13 of 15
MLML Shall Not Benefit. The parties hereto agree and acknowledge that amounts paid hereunder are not intended to benefit the holder of any class of certificates rated by any rating agency if such holder is ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Lending, Inc. ("MLML") or any of its affiliates. If MLML or any of its affiliates receives any such amounts, it will promptly remit (or, if such amounts are received by an affiliate of MLML, MLML hereby agrees that it will cause such affiliate to promptly remit) such amounts to the Supplemental Interest Trust Trustee, whereupon the Supplemental Interest Trust Trustee will promptly remit such amounts to Party A.