Common use of Servicer Affiliate Clause in Contracts

Servicer Affiliate. The Servicer shall give notice to the Note Insurer, the Rating Agencies and the Indenture Trustee of the appointment of any Sub-Servicer and shall furnish to the Note Insurer and the Indenture Trustee a copy of such Sub-Servicing Agreement. For purposes of this Agreement, the Servicer shall be deemed to have received payments on Mortgage Loans when any Sub-Servicer has received such payments. Any such Sub-Servicing Agreement shall be consistent with and not violate the provisions of this Agreement.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (First Alliance Mortgage Loan Trust 1998-1a), Sale and Servicing Agreement (First Alliance Mortgage Loan Trust 1998-2), Sale and Servicing Agreement (First Alliance Mortgage Loan Trust 1998-1f)

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Servicer Affiliate. The Servicer shall give notice to the Note Insurer, the Rating Agencies Insurer and the Indenture Trustee of the appointment of any Sub-Servicer and shall furnish to the Note Insurer and the Indenture Trustee a copy of such Sub-Servicing Agreement. For purposes of this Agreement, the Servicer shall be deemed to have received payments on Mortgage Loans when any Sub-Servicer has received such payments. Any such Sub-Servicing Agreement shall be consistent with and not violate the provisions of this Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (First Alliance Mortgage Co /De/)

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