Common use of Use of Subservicers and Subcontractors Clause in Contracts

Use of Subservicers and Subcontractors. The Servicer shall not hire or otherwise utilize the services of any Subservicer to fulfill any of the obligations of the Servicer as servicer under this Agreement unless the Servicer complies with the provisions of paragraph (i) of this Section. The Servicer shall not hire or otherwise utilize the services of any Subcontractor, and shall not permit any Subservicer to hire or otherwise utilize the services of any Subcontractor, to fulfill any of the obligations of the Servicer as servicer under this Agreement unless the Servicer complies with the provisions of paragraph (ii) of this Section. It shall not be necessary for the Servicer to seek the consent of the Issuer, the Insurer or the Depositor to the utilization of any Subservicer. The Servicer shall cause any Subservicer used by the Servicer (or by any Subservicer) for the benefit of the Issuer, the Insurer or the Depositor to comply with the provisions of this Section and with Sections 2.24 and 2.25 of this Agreement to the same extent as if such Subservicer were the Servicer. The Servicer shall be responsible for obtaining from each Subservicer and delivering to the Securities Administrator, the Insurer or the Depositor any servicer compliance statement required to be delivered by such Subservicer under Section 2.24, any assessment of compliance and attestation required to be delivered by such Subservicer under Section 2.24 and any certification required to be delivered to the Person that will be responsible for signing the Sarbanes Certification under Section 11.25 as and when required to be delivered.

Appears in 1 contract

Samples: Servicing Agreement (Citigroup HELOC Trust 2006-Ncb1)

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Use of Subservicers and Subcontractors. The Servicer shall not hire or otherwise utilize the services of any Subservicer to fulfill any of the obligations of the Servicer as servicer under the Purchase, Sale and Servicing Agreement or this Agreement Assignment unless the Servicer complies with the provisions of paragraph (ia) of this Section. The Servicer shall not hire or otherwise utilize the services of any Subcontractor, and shall not permit any Subservicer to hire or otherwise utilize the services of any Subcontractor, to fulfill any of the obligations of the Servicer as servicer under the Purchase, Sale and Servicing Agreement or this Agreement Assignment unless the Servicer complies with the provisions of paragraph (iib) of this Section. . (a) It shall not be necessary for the Servicer to seek the consent of the Issuer, the Insurer any Master Servicer or the Depositor to the utilization of any Subservicer. The Servicer shall cause any Subservicer used by the Servicer (or by any Subservicer) for the benefit of the Issuer, the Insurer or Purchaser and the Depositor to comply with the provisions of this Section and with Sections 2.24 7A.03, 7A.04, 7A.05 and 2.25 7A.07 of this the Purchase, Sale and Servicing Agreement to the same extent as if such Subservicer were the Servicer. The Servicer shall be responsible for obtaining from each Subservicer and delivering to provide the Securities Administrator, the Insurer or the Depositor any servicer compliance statement information required with respect to be delivered by such Subservicer under Section 2.24, any assessment of compliance and attestation required to be delivered by such Subservicer under Section 2.24 and any certification required to be delivered to the Person that will be responsible for signing the Sarbanes Certification under Section 11.25 as and when required to be delivered.Section

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Af2)

Use of Subservicers and Subcontractors. The Servicer shall not hire or otherwise utilize the services of any Subservicer to fulfill any of the obligations of the Servicer as servicer under this the Agreement or any Reconstitution Agreement unless the Servicer complies with the provisions of paragraph (ia) of this Section. The Servicer shall not hire or otherwise utilize the services of any Subcontractor, and shall not permit any Subservicer to hire or otherwise utilize the services of any Subcontractor, to fulfill any of the obligations of the Servicer as servicer under this the Agreement or any Reconstitution Agreement unless the Servicer complies with the provisions of paragraph (iib) of this Section. . (a) It shall not be necessary for the Servicer to seek the consent of the IssuerPurchaser, the Insurer any Master Servicer or the any Depositor to the utilization of any Subservicer. The Servicer shall cause any Subservicer used by the Servicer (or by any Subservicer) for the benefit of the Issuer, the Insurer or the Purchaser and any Depositor to comply with the provisions of this Section and with Sections 2.24 2.02, 2.03( c), (e), (f) and 2.25 (g), 2.04, 2.05 and 2.07 of this Agreement Reg AB Addendum to the same extent as if such Subservicer were the Servicer. The Servicer shall be responsible for obtaining from each Subservicer , and delivering to provide the Securities Administrator, the Insurer or the Depositor any servicer compliance statement information required with respect to be delivered by such Subservicer under Section 2.24, any assessment of compliance and attestation required to be delivered by such Subservicer under Section 2.24 and any certification required to be delivered to the Person that will be responsible for signing the Sarbanes Certification under Section 11.25 as and when required to be delivered.2.03(d)

Appears in 1 contract

Samples: Mortgage Loan Sale and Servicing Agreement (Banc of America Funding 2006-H Trust)

Use of Subservicers and Subcontractors. The Servicer Seller shall not hire or otherwise utilize the services of any Subservicer to fulfill any of the obligations of the Servicer Seller as servicer under this Agreement or any Reconstitution Agreement unless the Servicer Seller complies with the provisions of paragraph (ia) of this Section. The Servicer Seller shall not hire or otherwise utilize the services of any Subcontractor, and shall not permit any Subservicer to hire or otherwise utilize the services of any Subcontractor, to fulfill any of the obligations of the Servicer Seller as servicer under this Agreement or any Reconstitution Agreement unless the Servicer Seller complies with the provisions of paragraph (iib) of this Section. . (a) It shall not be necessary for the Servicer Seller to seek the consent of the Issuer, the Insurer Purchaser or the any Depositor to the utilization of any Subservicer. The Servicer Seller shall cause any Subservicer used by the Servicer Seller (or by any Subservicer) for the benefit of the Issuer, the Insurer or the Purchaser and any Depositor to comply with the provisions of this Section and with Sections 2.24 12.03, 12.04(c) and 2.25 (e), 12.06, 12.07 and 12.05 of this Agreement to the same extent as if such Subservicer were the Servicer. The Servicer shall be responsible for obtaining from each Subservicer Seller, and delivering to provide the Securities Administrator, the Insurer or the Depositor any servicer compliance statement information required with respect to be delivered by such Subservicer under Section 2.24, any assessment of compliance and attestation required to be delivered by such Subservicer under Section 2.24 and any certification required to be delivered to the Person that will be responsible for signing the Sarbanes Certification under Section 11.25 as and when required to be delivered.[_].03

Appears in 1 contract

Samples: Assignment, Assumption and Recognition Agreement (Sg Mortgage Securities Trust 2006-Fre2)

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Use of Subservicers and Subcontractors. The Servicer Company shall not hire or otherwise utilize the services of any Subservicer to fulfill any of the obligations of the Servicer Company as servicer under this Agreement or any Reconstitution Agreement unless the Servicer Company complies with the provisions of paragraph (ia) of this SectionSubsection. The Servicer Company shall not hire or otherwise utilize the services of any Subcontractor, and shall not permit any Subservicer to hire or otherwise utilize the services of any Subcontractor, to fulfill any of the obligations of the Servicer Company as servicer under this Agreement or any Reconstitution Agreement unless the Servicer Company complies with the provisions of paragraph (iib) of this Section. Subsection. (a) It shall not be necessary for the Servicer Company to seek the consent of the IssuerPurchaser, the Insurer any Master Servicer or the any Depositor to the utilization of any Subservicer. The Servicer Company shall cause any Subservicer used by the Servicer Company (or by any Subservicer) for the benefit of the Issuer, the Insurer or the Purchaser and any Depositor to comply with the provisions of this Section Subsection and with Sections 2.24 Subsections 7A.02, 7A.03(c), (e), (f) and 2.25 (g), 7A.04, 7A.05 and 7A.07 of this Agreement to the same extent as if such Subservicer were the Servicer. The Servicer shall be responsible for obtaining from each Subservicer Company, and delivering to provide the Securities Administrator, the Insurer or the Depositor any servicer compliance statement information required with respect to be delivered by such Subservicer under Section 2.24, any assessment Subsection 7A.03(d) of compliance and attestation required to be delivered by such Subservicer under Section 2.24 and any certification required to be delivered to the Person that will be responsible for signing the Sarbanes Certification under Section 11.25 as and when required to be delivered.this Agreement. The

Appears in 1 contract

Samples: Master Seller's Warranties and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-1)

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