Sale Treatment. The disposition of the Mortgage Loans shall be treated as a sale on the books and records of the Company. The Company has determined that the disposition of the Mortgage Loans pursuant to this Agreement will be afforded sale treatment for accounting and tax purposes. The Company shall maintain a complete set of books and records for each Mortgage Loan, which shall be clearly marked to reflect the ownership of such Mortgage Loan;
Appears in 27 contracts
Samples: Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax), Master Seller’s Warranties and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-4), Assignment, Assumption and Recognition Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax)
Sale Treatment. The disposition of the Mortgage Loans shall be treated as a sale on the books and records of the Company. The Company has determined that the disposition of the Mortgage Loans pursuant to this Agreement will be afforded sale treatment for accounting and tax purposes. The Company shall maintain a complete set of clearly xxxx its books and records for each Mortgage Loan, which shall be clearly marked to reflect the ownership of such Mortgage LoanLoan by the Owner;
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar4), Sale and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar3)
Sale Treatment. The disposition of the Mortgage Loans shall be treated as a sale on the books and records of the CompanySeller. The Company Seller has determined that the disposition of the Mortgage Loans pursuant to this Agreement will be afforded sale treatment for accounting and tax purposes. The Company Seller shall maintain a complete set records which shall reflect the Purchaser’s ownership of books and records for each Mortgage Loan, which shall be clearly marked to reflect the ownership of such Mortgage Loan;
Appears in 1 contract
Samples: Mortgage Loan Purchase and Interim Servicing Agreement (Five Oaks Investment Corp.)
