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 Xxxxxxx Xxxxx 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.
Appears in 3 contracts
Samples: Custodial Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A3), Custodial Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A1), Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A2)
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 Xxxxxxx Xxxxx Merrill Lynch Mortgage Lending, Inc. ("MLML") or any of its affiliatesaffilxxxxx. If MLML Ix XXXL 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.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar2)
