Common use of Seller/Servicer Standing Clause in Contracts

Seller/Servicer Standing. Seller is approved by the Agency as an issuer 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 the Agency eligibility requirements or which would require notification to the Agency.

Appears in 4 contracts

Samples: Acquisition and Recapture Agreement (Cherry Hill Mortgage Investment Corp), Acquisition and Recapture Agreement (Cherry Hill Mortgage Investment Corp), Excess MSRS Acquisition and Recapture Agreement (Cherry Hill Mortgage Investment Corp)

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Seller/Servicer Standing. Seller is approved by the each Applicable Agency as an issuer or seller/servicer, as applicable, 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 the Agency eligibility requirements of an Applicable Agency or which would require notification to the any Applicable Agency.

Appears in 3 contracts

Samples: Flow and Bulk Purchase Agreement, Flow and Bulk Purchase Agreement (Cherry Hill Mortgage Investment Corp), Flow and Bulk Purchase Agreement (Cherry Hill Mortgage Investment Corp)

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