Common use of Recognition of Purchaser Clause in Contracts

Recognition of Purchaser. From and after the date hereof, both the Assignee and the Seller shall note the transfer of the Specified Mortgage Loans to the Assignee in their respective books and records and shall recognize the Assignee as the owner of the Specified Mortgage Loans, and Servicer shall service the Specified Mortgage Loans for the benefit of the Assignee pursuant to the Agreement, the terms of which are incorporated herein by reference. It is the intention of the Seller, the Servicer, the Assignee and the Assignor that the Assignment shall be binding upon and inure to the benefit of the Assignee and the Assignor and their successors and assigns.

Recognition of Purchaser. From and after the date hereof, both each of the Assignee Assignee, the Seller and the Seller Servicer shall note the transfer of the Specified Mortgage Loans to the Assignee in their respective books and records and shall recognize the Assignee as the owner of the Specified Mortgage Loans, and Servicer shall service the Specified Mortgage Loans for the benefit of the Assignee pursuant to the Agreement, the terms of which are incorporated herein by reference. It is the intention of the Seller, the Servicer, the Assignee and the Assignor that the Assignment shall be binding upon and inure to the benefit of the Assignee and the Assignor and their successors and assigns.

Recognition of Purchaser. (a) From and after the date hereof, both the Assignee and the Seller Servicer shall note the transfer of the Specified Assigned Mortgage Loans to the Assignee in their respective its books and records and records, shall recognize the Assignee as the owner of the Specified Assigned Mortgage Loans, Loans and Servicer shall service the Specified Assigned Mortgage Loans for the benefit of the Assignee pursuant to the Sale and Servicing Agreement, the terms of which are incorporated herein by reference. It is the intention of the SellerAssignor, the Servicer, the Servicer and Assignee and the Assignor that the Assignment Sale and Servicing Agreement shall be binding upon and inure to the benefit of the Assignee Servicer and the Assignor Assignee and their successors and assigns.

Recognition of Purchaser. From and after the date hereof, both each of the Assignee Assignee, the Seller and the Seller Servicer shall note the transfer of the Specified Mortgage Loans to the Assignee in their respective books and records and shall recognize the Assignee as the owner of the Specified Mortgage Loans, and Servicer shall service the Specified Mortgage Loans for the benefit of the Assignee pursuant to the applicable Agreement, the terms of which are incorporated herein by reference. It is the intention of the Seller, the Servicer, the Assignee and the Assignor that the Assignment shall be binding upon and inure to the benefit of the Assignee and the Assignor and their successors and assigns.