Examples of Lehman Capital in a sentence
The Depositor has acquired the Mortgage Loans from Lehman Capital, A Division of Lehman Brothers Holdings Inc.
Lehman Capital and the Servicer intend that each of the Xxxxxx Servicer and the Trustee is an intended third party beneficiary of this Agreement.
Notwithstanding anything herein to the contrary, in no event shall the Master Servicer assume any of the obligations of Lehman Capital under the Master Servicing Agreement; and xx xxnnection with the performance of the Master Servicer's duties hereunder, the parties and other signatories hereto agree that the Master Servicer shall be entitled to all of the rights, protections and limitations of liability afforded to the Master Servicer under the Trust Agreement.
Notwithstanding and in addition to the foregoing, in the event that (i) a Mortgage Loan becomes delinquent for a period of 90 days or more (a "Delinquent Mortgage Loan") or (ii) a Mortgage Loan becomes an REO Property, Lehman Capital may at its election terminate txxx Xxreement (a) with respect to such Delinquent Mortgage Loan or (b) REO Property, in each case, upon 15 days' written notice to the Servicer.
The Master Servicer, the Trustee and the Servicer shall comply with the termination procedures set forth in Sections 10.01 and 10.03 hereof and the procedures set forth below, provided that, in the event Lehman Capital terminates this Agreement withoxx xxxse in accordance with subclause (iii) above, Lehman Capital shall pay the Servicer a terminxxxxx fee equal to 2.0% of the aggregate unpaid balance of the Mortgage Loans as of such termination date.
Lehman Capital and the Servicer intend that each of the Master Servxxxx xnd the Trustee is an intended third party beneficiary of this Agreement.
In connection with any such termination referred to in clause (ii) or (iii) above, Lehman Capital will be responsible for reimburxxxx xhe Servicer for all unreimbursed out-of-pocket Servicing Advances within 15 Business Days following the date of termination and other reasonable and necessary out-of-pocket costs associated with any transfer of servicing.
Lehman Capital and the Servicer agree that this Agreemenx xx x "Reconstitution Agreement" and that the date hereof is the "Reconstitution Date", each as defined in the Master Servicing Agreement.
Lehman Capital and the Servicer agree that the provisionx xx xhe Master Servicing Agreement shall continue to apply to the Serviced Mortgage Loans, but only to the extent provided herein and that this Agreement shall constitute a Reconstitution Agreement (as such term is defined in the Master Servicing Agreement) which shall govern the Serviced Mortgage Loans for so long as such Serviced Mortgage Loans remain subject to the provisions of the Trust Agreement.
Lehman Capital and the Servicer intend that each of the Master Servicex, xxx Directing Holder, the Trustee and the Guarantor is an intended third party beneficiary of this Agreement.