No Purchaser Responsibility Sample Clauses
No Purchaser Responsibility. Purchaser shall have no responsibility, liability or other obligation whatsoever under any Servicing Agreement or with respect to any Mortgage Loan, or to make any advance thereunder, or to pay any servicing fees.
No Purchaser Responsibility. Purchaser shall have no responsibility, liability or other obligation whatsoever under any Servicing Agreement or with respect to any Mortgage Loan, or to make any advance thereunder, or to pay any servicing fees. Notwithstanding the sale of the Mortgage Servicing Rights for a Mortgage Loan by ResCap to Seller, based on and subject to the terms of the Tri-Party Agreement, Seller does not retain any obligations to the Agency under the Servicing Agreements with Agency for Mortgage Loans, including repurchase, indemnification and make-whole obligations, in respect of a breach of the selling representations and warranties in connection with the sale of Mortgage Loans to Agency, or the failure of ResCap or prior servicers to comply with the servicing obligations with respect to Mortgage Loans prior to the date on which Seller assumes responsibility for servicing a Mortgage Loan.
No Purchaser Responsibility. Notwithstanding the sale of the Mortgage Servicing Rights for the Mortgage Loans by Bank of America, National Association to Seller, based on and subject to the terms of the Tri-Party Agreement, Bank of America, National Association retains any remaining obligations to Owner under the Servicing Agreements with Owner for the Mortgage Loans, including repurchase, indemnification and make-whole obligations, in respect of a breach of the selling representations and warranties in connection with the sale of the Mortgage Loans to Owner, or the failure of Bank of America, National Association or prior servicers to comply with the servicing obligations with respect to the Mortgage Loans prior to the applicable Servicing Transfer Date. Purchaser shall have no responsibility, liability or other obligation whatsoever under any Servicing Agreement or with respect to any Mortgage Loan, or to make any advance thereunder, or to pay any servicing fees.
No Purchaser Responsibility. Purchaser shall have no responsibility, liability or other obligation whatsoever under any Servicing Agreement or with respect to any Mortgage Loan, or to make any advance thereunder, or to pay any servicing fees. Purchaser shall have no right to control the manner in which Seller satisfies its obligations under the Servicing Agreements. Seller is and shall be responsible for the acts or omissions of its sub-servicer and, where applicable, for all costs of originating any Mortgage Loan. Notwithstanding the foregoing, Purchaser is obligated as provided in the Acknowledgement Agreement.
No Purchaser Responsibility. Notwithstanding the sale of the Purchased Assets to Purchaser, if and to the extent and as provided in the Tri-Party Agreements as and when executed, Seller retains any remaining obligations to FNMA and FHLMC as the related Investor under the Servicing Agreements with FNMA and FHLMC, including repurchase, indemnification and make-whole obligations, in respect of a breach of the selling representations and warranties in connection with the sale of the Mortgage Loans to FNMA and FHLMC, or, solely with respect to FHLMC, the failure of Seller or prior servicers to comply with the servicing obligations with respect to the related Mortgage Loans prior to the applicable Servicing Transfer Date.
No Purchaser Responsibility. Notwithstanding the sale of the Purchased Assets to Purchaser, if and to the extent and as provided in the Tri-Party Agreement as and when executed, Seller retains any remaining obligations to FNMA as the related Investor under the Servicing Agreement with FNMA including repurchase, indemnification and make-whole obligations, in respect of a breach of the selling representations and warranties in connection with the sale of the Mortgage Loans to FNMA
No Purchaser Responsibility. Purchaser shall have no responsibility, liability or other obligation whatsoever under any Servicing Agreement or with respect to any Mortgage Loan, or to make any advance thereunder, or to pay any servicing fees. Notwithstanding the sale of the Mortgage Servicing Rights for a Mortgage Loan by BofA to Seller, based on and subject to the terms of the Tri-Party Agreement, BofA retains any remaining obligations to the Agency under the Servicing Agreements with Agency for Mortgage Loans, including repurchase, indemnification and make-whole obligations, in respect of a breach of the selling representations and warranties in connection with the sale of Mortgage Loans to Agency, or the failure of BofA or prior servicers to comply with the servicing obligations with respect to Mortgage Loans prior to the date on which Seller assumes responsibility for Servicing a Mortgage Loan.
No Purchaser Responsibility. Notwithstanding the sale of the Servicing Rights to Purchaser, based on and subject to the terms of the Tri-Party Agreement, Seller retains any remaining obligations to Investor under the Servicing Agreements, including repurchase, indemnification and make-whole obligations, in respect of a breach of the selling representations and warranties in connection with the sale of the Mortgage Loans to Investor, or the failure of Seller or prior servicers to comply with the servicing obligations with respect to the Mortgage Loans prior to the Transfer Date.