Common use of Recognition of Assignee Clause in Contracts

Recognition of Assignee. From and after the date hereof, the Responsible Party shall note the transfer of the Mortgage Loans to the Assignee in its books and records, shall recognize the Assignee as the owner of the Mortgage Loans. It is the intention of the Assignor, Assignee and Responsible Party that the Sale Agreement shall be binding upon and inure to the benefit of the Responsible Party and the Assignee and their successors and assigns.

Appears in 10 contracts

Samples: Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-19), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-10), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-15)

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Recognition of Assignee. From and after the date hereof, the Responsible Party shall note the transfer of the Mortgage Loans to the Assignee in its books and records, shall recognize the Assignee as the owner of the Mortgage Loans. It is the intention of the Assignor, Assignee and the Responsible Party and Assignee that the Sale Agreement shall be binding upon and inure to the benefit of the Responsible Party and the Assignee and their successors and assigns.

Appears in 10 contracts

Samples: Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-5), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-10), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-10)

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