Common use of Superior Liens Clause in Contracts

Superior Liens. (a) The Servicer shall file (or cause to be filed) a request for notice of any action by a superior lienholder under a Superior Lien for the protection of the Indenture Trustee’s interest, where permitted by local law and whenever applicable state law does not require that a junior lienholder be named as a party defendant in foreclosure proceedings in order to foreclosure such junior lienholder’s equity of redemption.

Appears in 11 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (Homebanc Corp)

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Superior Liens. (a) The Servicer shall file (or cause -------------- to be filed) of record a request for notice of any action by a superior lienholder under a Superior Lien for the protection of the Indenture Trustee’s 's interest, where permitted by local law and whenever applicable state law does not require that a junior lienholder be named as a party defendant in foreclosure proceedings in order to foreclosure foreclose such junior lienholder’s 's equity of redemption.

Appears in 3 contracts

Samples: Administration Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp)

Superior Liens. (a) The Servicer shall file (or cause to be filed) of record a request for notice of any action by a superior lienholder under a Superior Lien for the protection of the Indenture Trustee’s Issuer's interest, where permitted by local law and whenever applicable state law does not require that a junior lienholder be named as a party defendant in foreclosure proceedings in order to foreclosure foreclose such junior lienholder’s 's equity of redemption.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp)

Superior Liens. (a) The Servicer shall file (or cause to be filed) of record a request for notice of any action by a superior lienholder under a Superior Lien for the protection of the Indenture Trustee’s 's interest, where permitted by local law and whenever applicable state law does not require that a junior lienholder be named as a party defendant in foreclosure proceedings in order to foreclosure foreclose such junior lienholder’s 's equity of redemption.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Ace Securities Corp Home Loan Trust 1999 a Asset Backed Note)

Superior Liens. (a) The Servicer Servicer[s] shall file (or cause to be filed) a request for notice of any action by a superior lienholder under a Superior Lien for the protection of the Indenture Trustee’s interest, where permitted by local law and whenever applicable state law does not require that a junior lienholder be named as a party defendant in foreclosure proceedings in order to foreclosure such junior lienholder’s equity of redemption.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (TBALT Corp.)

Superior Liens. (a) The Servicer shall file (or cause to be filed) a request for notice of any action by a superior lienholder under a Superior Lien for the protection of the Indenture Trustee’s interest, where permitted by local law and whenever applicable state law does not require that a junior lienholder be named as a party defendant in foreclosure proceedings in order to foreclosure such junior lienholder’s equity of redemption.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HMB Acceptance Corp.)

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Superior Liens. (a) The Servicer shall file (or cause to be filed) of record a request for notice of any action by a superior lienholder under a Superior Lien for the protection of the Indenture Grantor Trustee’s 's interest, where permitted by local law and whenever applicable state law does not require that a junior lienholder be named as a party defendant in foreclosure proceedings in order to foreclosure foreclose such junior lienholder’s 's equity of redemption.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Master Financial Asset Securitization Trust 1998-2)

Superior Liens. (a) The Servicer Servicer[s] shall file (or cause to be filed) a request for notice of any action by a superior lienholder under a Superior Lien for the protection of the Indenture Trustee’s interest, where permitted by local law and whenever applicable state law does not require that a junior lienholder be named as a party defendant in foreclosure proceedings in order to foreclosure such junior lienholder’s equity of redemption.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (TBALT Corp.)

Superior Liens. (a) The Servicer shall file (or cause to be -------------- filed) of record a request for notice of any action by a superior lienholder under a Superior Lien for the protection of the Indenture Trustee’s 's interest, where permitted by local law and whenever applicable state law does not require that a junior lienholder be named as a party defendant in foreclosure proceedings in order to foreclosure foreclose such junior lienholder’s 's equity of redemption.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Firstplus Investment Corp)

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