Common use of Same Servicer for Related Loans and their Shared Security Clause in Contracts

Same Servicer for Related Loans and their Shared Security. Each Seller Retained Loan together with each Guarantor Purchased Loan secured by the same Shared Security will be serviced by the same servicer or sub-servicer, which will be the beneficial owner (or owner) of such Seller Retained Loan, or a servicer or subservicer appointed by such beneficial owner (or owner).

Appears in 4 contracts

Samples: Security Sharing Agreement, Security Sharing Agreement, Security Sharing Agreement

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Same Servicer for Related Loans and their Shared Security. Each Seller Retained Loan or Originator Retained Loan together with each Guarantor Purchased Loan secured by the same Shared Security will be serviced by the same servicer or sub-servicer, which will be the beneficial owner (or owner) of such Seller Retained Loan or Originator Retained Loan, or a servicer or subservicer appointed by such beneficial owner (or owner).

Appears in 1 contract

Samples: Security Sharing Agreement

Same Servicer for Related Loans and their Shared Security. β€Œ Each Seller Retained Loan together with each Guarantor Purchased Loan secured by the same Shared Security will be serviced by the same servicer or sub-servicer, which will be the beneficial owner (or owner) of such Seller Retained Loan, or a servicer or subservicer appointed by such beneficial owner (or owner).

Appears in 1 contract

Samples: Security Sharing Agreement

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Same Servicer for Related Loans and their Shared Security. Each Seller Originator Retained Loan together with each Guarantor Purchased Loan secured by the same Shared Security will be serviced by the same servicer or sub-servicer, which will be the beneficial owner (or beneficial owner) of such Seller Originator Retained Loan, or a servicer or subservicer appointed by such beneficial owner (or beneficial owner).

Appears in 1 contract

Samples: Security Sharing Agreement

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