Common use of Servicing Compliance Clause in Contracts

Servicing Compliance. The servicing practices to be used by the Company under this Agreement are, and shall remain, in all material respects in compliance with all Applicable Requirements, including without limitation, all federal, state and local laws, rules, all regulations and requirements in connection therewith, and FNMA guidelines, as applicable. Notwithstanding the foregoing, the Company's representations and warranties as to the proper servicing of interest-only ARM loans shall be effective upon the fulfillment of the covenants set forth in Section 2.09 of this Agreement.

Appears in 4 contracts

Samples: Portfolio Servicing Agreement (Merrill Lynch Mortgage Investors Inc), Portfolio Servicing Agreement (Merrill Lynch Mortgage Investors Inc), Portfolio Servicing Agreement (Merrill Lynch Mort Invest Inc MLCC 2003-B Mort Ps THR Cert)

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Servicing Compliance. The servicing practices to be used by the Company under this Agreement are, and shall remain, in all material respects in compliance with all Applicable Requirements, including without limitation, all federal, state and local laws, rules, all regulations and requirements in connection therewith, and FNMA guidelines, as applicable. Notwithstanding the foregoing, the Company's ’s representations and warranties as to the proper servicing of interest-only ARM loans shall be effective upon the fulfillment of the covenants set forth in Section 2.09 of this Agreement.

Appears in 1 contract

Samples: Portfolio Servicing Agreement (PHH Corp)

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