Common use of Seller/Servicer Standing Clause in Contracts

Seller/Servicer Standing. Purchaser is an approved Xxxxxx Mae and Xxxxxxx Mac Seller/Servicer and GNMA Issuer/Servicer in good standing and a residential servicer rated or approved by each of the Rating Agencies with the requisite financial criteria and adequate resources to complete the transactions contemplated hereby on the conditions stated herein.

Appears in 4 contracts

Samples: Interim Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A1), Interim Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1), Interim Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4)

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Seller/Servicer Standing. Purchaser is an approved Xxxxxx Mae Xxx and Xxxxxxx Mac Seller/Servicer and GNMA Issuer/Servicer in good standing and a residential servicer rated or approved by each of the Rating Agencies with the requisite financial criteria and adequate resources to complete the transactions contemplated hereby on the conditions stated herein.

Appears in 2 contracts

Samples: Mortgage Servicing Purchase and Sale Agreement, Mortgage Servicing Purchase and Sale Agreement (Hibernia Corp)

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