Seller/Servicer Standing. Seller is a Xxxxxx Xxx issuer and a HUD approved mortgagee/servicer in good standing with the requisite financial criteria and adequate resources to complete the transactions contemplated hereby on the conditions stated herein. No event has occurred, including but not limited to a change in insurance coverage, which would make Seller unable to comply with Xxxxxx Mae and HUD eligibility requirements or which would require notification to the Agency or HUD. Furthermore, if at any time prior to the termination of this Agreement, the Seller is unable to comply with any of Xxxxxx Xxx or HUD eligibility requirements, it shall immediately notify the Purchaser that it is no longer a Xxxxxx Mae approved issuer or a HUD approved mortgagee/servicer of mortgage loans.
Appears in 4 contracts
Samples: Acquisition Agreement (Nationstar Mortgage Holdings Inc.), Acquisition Agreement (Newcastle Investment Corp), Acquisition Agreement (Newcastle Investment Corp)
Seller/Servicer Standing. Seller is a Xxxxxx Xxx Mae issuer and a HUD approved mortgagee/servicer in good standing with the requisite financial criteria and adequate resources to complete the transactions contemplated hereby on the conditions stated herein. No event has occurred, including but not limited to a change in insurance coverage, which would make Seller unable to comply with Xxxxxx Mae Xxx and HUD eligibility requirements or which would require notification to the Agency or HUD. Furthermore, if at any time prior to the termination of this Agreement, the Seller is unable to comply with any of Xxxxxx Xxx Mae or HUD eligibility requirements, it shall immediately notify the Purchaser that it is no longer a Xxxxxx Mae Xxx approved issuer or a HUD approved mortgagee/servicer of mortgage loans.
Appears in 3 contracts
Samples: Acquisition Agreement (Nationstar Mortgage Holdings Inc.), Newcastle Investment Corp, Newcastle Investment Corp
