Common use of Restrictions and Requirements Applicable in the Event Clause in Contracts

Restrictions and Requirements Applicable in the Event. that a Mortgage Loan is Acquired by a REMIC. In the event that any Mortgage Loan is held by a REMIC, notwithstanding any contrary provision of this Agreement, the following provisions shall be applicable to such Mortgage Loan:

Appears in 9 contracts

Samples: Assignment and Assumption (Lehman XS Trust Series 2007-18n), Reconstituted Servicing Agreement (Structured Asset Securities Corp 2004-S3), Reconstituted Servicing Agreement (LXS 2007-3)

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Restrictions and Requirements Applicable in the Event. that a Mortgage Loan is Acquired by a REMIC. REMIC In the event that any Mortgage Loan is held by a REMIC, notwithstanding any contrary provision of this Agreement, the following provisions shall be applicable to such Mortgage Loan:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-3), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-Ac4)

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