Document:

Unassociated Document

     

    EXHIBIT
      4.1

     

    
 

    SERVICER
      APPOINTMENT, ASSUMPTION AND 

    AMENDMENT
      AGREEMENT

     

    THIS
      SERVICER APPOINTMENT, ASSUMPTION AND AMENDMENT AGREEMENT (this “Agreement”),
      dated as of October 2, 2006, is by and among Nomura Asset Acceptance
      Corporation, as depositor (the “Depositor”), Nomura Credit & Capital, Inc.,
      as seller (in such capacity, the “Sponsor”), Wells Fargo Bank, National
      Association, as a servicer (“Wells Fargo”), Wells Fargo Bank, National
      Association, as master servicer (the “Master Servicer”) and securities
      administrator (the “Securities Administrator”), and HSBC Bank USA, National
      Association, as trustee (the “Trustee”).

    

    W
      I T N E
      S S E T H

    

    WHEREAS,
      the Depositor, the Sponsor, the Master Servicer, the Securities Administrator,
      Wells Fargo, GMAC Mortgage Corporation (“GMACM”) and the Trustee entered into
      the Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”),
      dated as of July 1, 2006, relating to Nomura Asset Acceptance Corporation,
      Mortgage Pass-Through Certificates, Series 2006-AF2;

    

    WHEREAS,
      pursuant to Section 7.06 of the Pooling and Servicing Agreement, the Sponsor
      has
      the right to terminate GMACM as Servicer of the Mortgage Loans set forth on
      Schedule 1 attached hereto (the “Transferred Mortgage Loans”) without cause upon
      the satisfaction of certain conditions set forth in the Pooling and Servicing
      Agreement;

    

    WHEREAS,
      the Depositor and the Sponsor desire to amend certain provisions of the Pooling
      and Servicing Agreement to better effectuate the replacement of GMACM as the
      Servicer thereunder with respect to the Transferred Mortgage Loans;

    

    WHEREAS,
      Section 11.01 of the Pooling and Servicing Agreement provides that the Pooling
      and Servicing Agreement may be amended from time to time by parties thereto,
      without the consent of any of the Certificateholders to cure any ambiguity,
      to
      correct or supplement any provisions therein, to change the manner in which
      the
      Distribution Account maintained by the Securities Administrator or the Custodial
      Accounts maintained by the Servicers is maintained or to make such other
      provisions with respect to matters or questions arising under the Pooling and
      Servicing Agreement as shall not be inconsistent with any other provisions
      therein if such action shall not, as evidenced by an Opinion of Counsel,
      adversely affect in any material respect the interests of any Certificateholder
      (or the Swap Provider unless the Swap Provider shall have consented to the
      amendment, which consent shall not be unreasonably withheld); provided that
      any
      such amendment shall be deemed not to adversely affect in any material respect
      the interests of the Certificateholders and no such Opinion of Counsel shall
      be
      required if the Person requesting such amendment obtains a letter from each
      Rating Agency stating that such amendment would not result in the downgrading
      or
      withdrawal of the respective ratings then assigned to the Certificates; provided
      further that any such amendment shall be deemed not to adversely affect in
      any
      material respect the interests of the Certificateholders and no such Opinion
      of
      Counsel nor any letter from the Rating Agencies stating that such amendment
      would not result in the downgrading or withdrawal of the respective ratings
      then
      assigned to the Certificates shall be required if such amendment is to effect
      a
      transfer of servicing pursuant to Section 7.06(a) of the Pooling and Servicing
      Agreement to a Successor Servicer satisfying the Minimum Servicing
      Requirements;

    

    NOW,
      THEREFORE, for good and valuable consideration, the receipt and sufficiency
      of
      which are hereby acknowledged, and of the mutual covenants herein contained,
      the
      parties hereto agree as follows:

    

    SECTION
      1. Defined Terms.

    

    For
      purposes of this Agreement, unless the context clearly requires otherwise,
      all
      capitalized terms which are used but not otherwise defined herein shall have
      the
      respective meanings assigned to such terms in the Pooling and Servicing
      Agreement. 

    

    SECTION
      2. Appointment of Servicer.

    

    (a) The
      Sponsor hereby proposes that Wells Fargo be appointed as the Servicer under
      the
      Pooling and Servicing Agreement with respect to the Transferred Mortgage Loans
      and, subject to the satisfaction of the conditions precedent set forth in
      Section 5 of this Agreement, the Sponsor will provide written notification
      to
      GMACM of its termination as a Servicer under the Pooling and Servicing Agreement
      with respect to the Transferred Mortgage Loans to be effective on October 2,
      2006 (the “Termination Date”).

    

    (b) In
      connection with the appointment of Wells Fargo as the Servicer of the
      Transferred Mortgage Loans under the Pooling and Servicing Agreement, on the
      Termination Date, the Sponsor shall cause Wells Fargo to reimburse GMACM for
      all
      outstanding Advances and Servicing Advances due and owing to GMACM under the
      Pooling and Servicing Agreement in connection with GMACM’s servicing and
      administration of the Transferred Mortgage Loans prior to the Termination
      Date.

    

    (c) The
      Master Servicer, subject to the satisfaction of the conditions precedent set
      forth in Section 5 of this Agreement, hereby designates Wells Fargo as the
      Servicer of the Transferred Mortgage Loans from and after the Termination
      Date.

    

    (d) Wells
      Fargo hereby represents and warrants, as of the date hereof, that it (i) is
      a
      Fannie Mae and Freddie Mac approved seller/servicer in good standing and has
      a
      net worth of at least $15,000,000; (ii) meets all requirements of a servicer
      set
      forth in Section 8.02 of the Pooling and Servicing Agreement, (iii) accepts
      the
      appointment as the Servicer of the Transferred Mortgage Loans under the Pooling
      and Servicing Agreement, (iii) assumes and agrees to discharge the due and
      punctual performance and observance of each covenant and condition to be
      performed and observed by a Servicer under the Pooling and Servicing Agreement,
      as amended hereby, and (iv) assumes and agrees, as of the date hereof, to be
      bound by all terms and conditions of the Pooling and Servicing Agreement, as
      amended hereby.

    

    (e) On
      the
      Termination Date, each account that, pursuant to the terms of the Pooling and
      Servicing Agreement, is required to be established and maintained by GMACM
      with
      respect to the Transferred Mortgage Loans shall be moved to and maintained
      by
      Wells Fargo at Wells Fargo. This Agreement shall be deemed to satisfy any and
      all requirements in the Pooling and Servicing Agreement for notice of change
      in
      any such account.

    

    SECTION
      3. Amendments to Pooling and Servicing Agreement.

    

    Each
      reference in the Pooling and Servicing Agreement to the “GMACM Mortgage Loans”
is hereby deemed to be a reference to the “Wells Fargo Mortgage
      Loans”.

    

    SECTION
      4. Representations and Warranties of the Depositor and Sponsor.

    

    (a)
      Wells
      Fargo hereby represents and warrants to the Sponsor, the Depositor, the Master
      Servicer, the Securities Administrator and the Trustee that the representations
      and warranties in Section 2.03(b) of the Pooling and Servicing Agreement are
      true and correct as of the date hereof.

    

    (b)
      The
      Depositor hereby represents and warrants to the Sponsor, Wells Fargo, the Master
      Servicer, the Securities Administrator and the Trustee that the representations
      and warranties in Section 2.04 of the Pooling and Servicing Agreement are true
      and correct as of the date hereof.

    

    (c)
      The
      Sponsor hereby represents and warrants to the Depositor, Wells Fargo, the Master
      Servicer, the Securities Administrator and the Trustee that the representations
      and warranties in Section 2.03(c) are true and correct as of the date hereof.
      The Sponsor hereby makes the following additional representation and
      warranty:

    

    (i) The
      Sponsor has the right to terminate GMACM as the Servicer of the Transferred
      Mortgage Loans pursuant to Section 7.06 of the Pooling and Servicing Agreement
      and such termination shall be exercised in accordance with the terms and
      conditions of the Pooling and Servicing Agreement and all applicable
      law.

    

    SECTION
      5. Conditions Precedent.

    

    The
      transactions contemplated by this Agreement shall be conditioned upon the
      satisfaction of the following conditions precedent:

    

    (i)
      each
      of the Sponsor and the Master Servicer shall have executed this Agreement
      evidencing its consent to the appointment of Wells Fargo as the Servicer of
      the
      Transferred Mortgage Loans under the Pooling and Servicing
      Agreement;

    

    (ii)
      Wells Fargo shall have executed this Agreement evidencing its acceptance of
      its
      appointment as the Servicer of the Transferred Mortgage Loans under the Pooling
      and Servicing Agreement and its agreement to be bound by the terms of this
      Agreement and the Pooling and Servicing Agreement;

    

    (iii)
      the
      Sponsor shall have notified GMACM of its decision to terminate GMACM as the
      Servicer of the Transferred Mortgage Loans under the Pooling and Servicing
      Agreement; and

    

    (iv)
      each
      Rating Agency has been notified in writing of the appointment of Wells Fargo
      as
      the Servicer of the Transferred Mortgage Loans.

    

    SECTION
      6. Effectiveness of this Agreement.

    

    Upon
      execution of this Agreement, the Pooling and Servicing Agreement shall be,
      and
      be deemed to be, modified and amended in accordance herewith and the respective
      rights, limitations, obligations, duties, liabilities and immunities of the
      Depositor, the Sponsor, Wells Fargo, the Master Servicer, the Securities
      Administrator and the Trustee shall hereafter be determined, exercised and
      enforced subject in all respects to such modifications and amendments, and
      all
      the terms and conditions of this Agreement shall be deemed to be part of the
      terms and conditions of the Pooling and Servicing Agreement for any and all
      purposes. Except as modified and expressly amended by this Agreement, the
      Pooling and Servicing Agreement is in all respects ratified and confirmed,
      and
      all the terms, provisions and conditions thereof shall be and remain in full
      force and effect.

    

    SECTION
      7. Binding Effect.

    

    The
      provisions of this Agreement shall be binding upon and inure to the benefit
      of
      the respective successors and assigns of the parties hereto, and all such
      provisions shall inure to the benefit of the Depositor, the Sponsor, Wells
      Fargo, the Master Servicer, the Securities Administrator and the
      Trustee.

    

    SECTION
      8. Governing Law.

    

    This
      Agreement shall be construed in accordance with the substantive laws of the
      State of New York (without regard to conflict of law principles) and the
      obligations, rights and remedies of the parties hereto shall be determined
      in
      accordance with such laws.

    

    SECTION
      9. Severability of Provisions.

    

    If
      any
      one or more of the provisions or terms of this Agreement shall be for any reason
      whatsoever held invalid, then such provisions or terms shall be deemed severable
      from the remaining provisions or terms of this Agreement and shall in no way
      affect the validity or enforceability of the other provisions or terms of this
      Agreement.

    

    SECTION
      10. Section Headings.

    

    The
      section headings herein are for convenience of reference only, and shall not
      limit or otherwise affect the meaning hereof.

    

    SECTION
      11. Counterparts.

    

    This
      Agreement may be executed in several counterparts, each of which shall be an
      original and all of which shall constitute but one and the same
      instrument.

    

    [signature
      pages follow]

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the Depositor, the Sponsor, Wells Fargo, the Securities
      Administrator and the Trustee have caused their names to be signed hereto by
      their respective officers thereunto duly authorized as of the day and year
      first
      above written.

    

    NOMURA
      ASSET ACCEPTANCE CORPORATION,

    as
      Depositor

    

    By: /s/
      John P. Graham 

    Name:
      John P. Graham

    Title:
      President

    

    NOMURA
      CREDIT & CAPITAL, INC.,

    as
      Sponsor 

    

    By: /s/
      Timothy P. F. Crowley 

    Name:
      Timothy P.F. Crowley

    Title:
      Vice President

    

    WELLS
      FARGO BANK, NATIONAL ASSOCIATION,

    as
      a
      Servicer 

    

    By: /s/
      Laurie McGoogan  

    Name:
      Laurie McGoogan

    Title:
      Vice President

    

    WELLS
      FARGO BANK, NATIONAL ASSOCIATION,

    as
      Master
      Servicer and Securities Administrator 

    

    By: /s/
      Kristen Ann Cronin 

    Name:
      Kristen Ann Cronin

    Title:
      Vice President

    

    HSBC
      BANK
      USA, NATIONAL ASSOCIATION 

    as
      Trustee

    

    By: /s/
      Elena Zheng

    Name:
      Elena Zheng 

    Title:
      Assistant Vice President

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    SCHEDULE
      1

    

    SCHEDULE
      OF TRANSFERRED MORTGAGE LOANSexv10w19

 

Exhibit 10.19

AGREEMENT

          This Agreement is entered into on August 14, 2006, to be effective as of December 26, 2003
(the “Effective Date”), by and between Broncus Technologies, Inc., a California corporation
(“Broncus”), and Asthmatx, Inc., a California corporation (“Asthmatx”).

RECITALS

          A. Broncus was assigned certain intellectual property, pursuant to an Agreement entered into
with Michael Laufer (“Laufer”) and Menlo Ventures VII L.P. dated April 30, 1997 (the “Assignment
Agreement”).

          B. In connection with such assignment of intellectual property, Broncus entered into an
Agreement not to Sue effective April 30, 1997 with VNUS Medical Technologies, Inc., SURx, Inc. and
Cordial Medical, Inc. (the “Agreement not to Sue”).

          C. Broncus organized Asthmatx as a subsidiary and transferred to it certain intellectual
property received pursuant to the Assignment Agreement, and distributed its shares in Asthmatx to
its shareholders in December 2003.

          D. Broncus entered into an Independent Consultant Agreement with Laufer dated May 27, 2003
which was effective February 8, 1997, which was assigned to Asthmatx on December 26, 2003 in
connection with the organization of Asthmatx.

          E. The parties now want to enter into certain agreements related to the foregoing.

          NOW, THEREFORE, the parties hereto hereby agree as follows:

          1. Broncus acknowledges that Asthmatx may retain Laufer as a consultant in the field
consisting of devices and procedures for providing asthma therapy and to own any invention that
Laufer may make after the Effective Date in such field.

          2. Asthmatx acknowledges that Broncus may retain Laufer as a consultant in the field
consisting of devices and procedures for providing emphysema therapy and to own any invention that
Laufer may make after the Effective Date in such field.

          3. Asthmatx agrees that to the extent that Broncus licensed or assigned to it any Inventions
(as defined in the Agreement not to Sue) that were assigned to Broncus pursuant to the Assignment
Agreement, Asthmatx shall be subject to and hereby agrees to perform each and every of Broncus’
obligations related thereto set forth in the Agreement not to Sue.

          4. This Agreement reflects the entire agreement of the parties related to the subject matter
hereof, may only be amended in writing and shall be governed by California Law.

 

 

          IN WITNESS WHEREOF, this Agreement has been entered into as of the Effective Date.

	 	 	 	 	 	 	 	 	 
	Broncus Technologies, Inc.	 	 	 	Asthmatx, Inc.
	 
	 	 	 	 	 	 	 	 
	By:

	 	/s/ Cary Cole
	 	 	 	By:
	 	/s/ Glen French
	 

	 	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Its:

	 	President & CEO
	 	 	 	Its:
	 	President & CEO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]