Request for Notice; No Consent Required. With respect to any Second-Lien Mortgage Loan: (a) no consent for the Second-Lien Mortgage Loan is required by the holder of the related first lien; or (b) such consent has been obtained and is contained in the Mortgage File; or, (c) notice is required by law from any senior lienholder to any subordinate lienholder with respect to any action by the senior lienholder against the Mortgagor, and such notice has been requested by the Responsible Party;
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2004-Op1), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2005-Op2), Pooling and Servicing Agreement (Sabr Trust 2005-Op1)
Request for Notice; No Consent Required. With respect to any Second-Second Lien Mortgage Loan: (a) no consent for the Second-Second Lien Mortgage Loan is required by the holder of the related first lien; or (b) such consent has been obtained and is contained in the Mortgage File; or, or (c) notice is required by law from any senior lienholder to any subordinate lienholder with respect to any action by the senior lienholder against the Mortgagor, and such notice has been requested by the Responsible PartyOption One;
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He2)
Request for Notice; No Consent Required. With respect to any Second-Second Lien Mortgage Loan: (a) no consent for the Second-Second Lien Mortgage Loan is required by the holder of the related first lien; or (b) such consent has been obtained and is contained in the Mortgage File; or, (c) notice is required by law from any senior lienholder to any subordinate lienholder with respect to any action by the senior lienholder against the Mortgagor, and such notice has been requested by the Responsible PartyCompany;
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He1)
Request for Notice; No Consent Required. With respect to any Second-Second Lien Mortgage Loan: (a) no consent for the Second-Second Lien Mortgage Loan is required by the holder of the related first lien; or (b) such consent has been obtained and is contained in the Mortgage File; or, (c) notice is required by law from any senior lienholder to any subordinate lienholder with respect to any action by the senior lienholder against the Mortgagor, and such notice has been requested by the Responsible Party;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Op1)
