Common use of Sub-Servicers and Sub-Servicing Agreements Clause in Contracts

Sub-Servicers and Sub-Servicing Agreements. (a) The Servicer may enter into sub-servicing agreements for any servicing and administration of Mortgage Loans with any institution that is acceptable to the Seller and that is in compliance with the laws of each state necessary to enable it to perform its obligations under such sub-servicing agreement. The Servicer shall give notice to the Rating Agencies and the Master Servicer of the appointment of any sub-servicer. The Servicer shall not enter into any sub-servicing agreement that does not provide for the servicing of the Mortgage Loans specified therein on a basis consistent with the terms of this Agreement or that otherwise violates the provisions of this Agreement. The Servicer may enter into, and make amendments to, any sub-servicing agreement or enter into different forms of sub-servicing agreements; provided, however, that any such amendments or forms shall be consistent with and not violate the provisions of this Agreement.

Sub-Servicers and Sub-Servicing Agreements. (a) The Servicer may enter into subSub-servicing agreements Servicing Agreements for any servicing and administration of Mortgage Loans with any institution that is acceptable to the Seller and that is in compliance with the laws of each state necessary to enable it to perform its obligations under such subSub-servicing agreementServicing Agreement. The Servicer shall give notice to the Seller, the Trustee, the Depositor, the Rating Agencies and the Master Servicer PMI Insurer of the appointment of any subSub-servicerServicer. The Servicer shall not enter into any subSub-servicing agreement Servicing Agreement that does not provide for the servicing of the Mortgage Loans specified therein on a basis consistent with the terms of this Agreement or that otherwise violates the provisions of this Agreement. The Servicer may enter into, and make amendments to, any subSub-servicing agreement Servicing Agreement or enter into different forms of subSub-servicing agreementsServicing Agreements; provided, however, that any such amendments or forms shall be consistent with and not violate the provisions of this Agreement.

Sub-Servicers and Sub-Servicing Agreements. (a) The Servicer may enter into subSub-servicing agreements Servicing Agreements for any servicing and administration of Mortgage Loans with any institution that is acceptable to the Seller Certificate Insurer and that is in compliance with the laws of each state necessary to enable it to perform its obligations under such subSub-servicing agreementServicing Agreement. The Servicer shall give notice to the Rating Agencies and the Master Servicer Certificate Insurer of the appointment of any subSub-servicerServicer. The Servicer shall not enter into any subSub-servicing agreement Servicing Agreement that does not provide for the servicing of the Mortgage Loans specified therein on a basis consistent with the terms of this Agreement or that otherwise violates the provisions of this Agreement. The Servicer may enter into, and make amendments to, any subSub-servicing agreement Servicing Agreement or enter into different forms of subSub-servicing agreementsServicing Agreements; provided, however, that any such amendments or forms shall be consistent with and not violate the provisions of this Agreement.

Sub-Servicers and Sub-Servicing Agreements. (a) The Servicer may enter into subSub-servicing agreements Servicing Agreements for any servicing and administration of Mortgage Loans with any institution that is acceptable to the Seller and that is in compliance with the laws of each state necessary to enable it to perform its obligations under such subSub-servicing agreement. The Servicer shall give notice to the Rating Agencies and the Master Servicer of the appointment of any sub-servicerServicing Agreement. The Servicer shall not enter into any subSub-servicing agreement Servicing Agreement that does not provide for the servicing of the Mortgage Loans specified therein on a basis consistent with the terms of this Agreement or that otherwise violates the provisions of this Agreement. The Servicer may enter into, and make amendments to, any subSub-servicing agreement Servicing Agreement or enter into different forms of subSub-servicing agreementsServicing Agreements; provided, however, that any such amendments or forms shall be consistent with and not violate the provisions of this Agreement.

Sub-Servicers and Sub-Servicing Agreements. (a) The Servicer may enter into subSub-servicing agreements Servicing Agreements for any servicing and administration of Mortgage Loans with any institution that is acceptable to the Seller Financial Guaranty Insurer in the case of Sub-Servicing of Mortgage Loans in the Fixed Rate Group, and that is in compliance with the laws of each state necessary to enable it to perform its obligations under such subSub-servicing agreement. The Servicer shall give notice to the Rating Agencies and the Master Servicer of the appointment of any sub-servicerServicing Agreement. The Servicer shall not enter into any subSub-servicing agreement Servicing Agreement that does not provide for the servicing of the Mortgage Loans specified therein on a basis consistent with the terms of this Agreement or that otherwise violates the provisions of this Agreement. The Servicer may enter into, and make amendments to, any subSub-servicing agreement Servicing Agreement or enter into different forms of subSub-servicing agreementsServicing Agreements; provided, however, that any such amendments or forms shall be consistent with and not violate the provisions of this Agreement.

Sub-Servicers and Sub-Servicing Agreements. (a) The Servicer may enter into subSub-servicing agreements Servicing Agreements for any servicing and administration of Mortgage Loans with any institution that is acceptable to the Seller and that is in compliance with the laws of each state necessary to enable it to perform its obligations under such subSub-servicing agreementServicing Agreement. The Servicer shall give notice to to, the Seller, the Trustee, the Rating Agencies and the Master Servicer PMI Insurer of the appointment of any subSub-servicerServicer. The Servicer shall not enter into any subSub-servicing agreement Servicing Agreement that does not provide for the servicing of the Mortgage Loans specified therein on a basis consistent with the terms of this Agreement or that otherwise violates the provisions of this Agreement. The Servicer may enter into, and make amendments to, any subSub-servicing agreement Servicing Agreement or enter into different forms of subSub-servicing agreementsServicing Agreements; provided, however, that any such amendments or forms shall be consistent with and not violate the provisions of this Agreement.

Sub-Servicers and Sub-Servicing Agreements. (a) The Servicer may enter into sub-servicing agreements for any servicing and administration of Mortgage Loans with any institution that is acceptable to the Seller Sponsor and that is in compliance with the laws of each state necessary to enable it to perform its obligations under such sub-servicing agreement. The Servicer shall give notice to the Rating Agencies and the Master Servicer of the appointment of any sub-servicer. The Servicer shall not enter into any sub-servicing agreement that does not provide for the servicing of the Mortgage Loans specified therein on a basis consistent with the terms of this Agreement or that otherwise violates the provisions of this Agreement. The Servicer may enter into, and make amendments to, any sub-servicing agreement or enter into different forms of sub-servicing agreements; provided, however, that any such amendments or forms shall be consistent with and not violate the provisions of this Agreement.