Examples of WF Servicer in a sentence
Furthermore, the WF Master Servicer shall oversee and consult with each WF Servicer as necessary from time-to-time to carry out the WF Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the WF Master Servicer by each WF Servicer and shall cause each WF Servicer to perform and observe the covenants, obligations and conditions to be performed or observed by such WF Servicer under the applicable Servicing Agreement.
In fulfilling such request for access, the WF Master Servicer shall not be responsible to determine the sufficiency of any information provided by such WF Servicer.
In the review of each WF Servicer's activities, the WF Master Servicer may rely upon an officer's certificate of the WF Servicer with regard to such WF Servicer's compliance with the terms of its Servicing Agreement.
The Trustee shall at the WF Master Servicer's or the related WF Servicer's direction execute and deliver to the WF Master Servicer or the related WF Servicer the request for reconveyance, deed of reconveyance or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage relating to the WF Master Serviced Loan, in each case provided by the WF Master Servicer or the related WF Servicer, together with the Mortgage Note with written evidence of cancellation thereon.
The WF Master Servicer shall use its best reasonable efforts to cause each WF Servicer (to the extent required under the related Servicing Agreement) to keep in force and effect (to the extent that the WF Master Serviced Loan requires the Mortgagor to maintain such insurance), primary mortgage insurance applicable to each WF Master Serviced Loan in accordance with the provisions of this Agreement and the related Servicing Agreement, as applicable.
The WF Master Servicer shall not, and shall not permit any WF Servicer (to the extent required under the related Servicing Agreement) to, cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder except in accordance with the provisions of this Agreement and the related Servicing Agreement, as applicable.
A WF Servicer shall be entitled to be reimbursed from the WF Master Servicer Custodial Account for all Advances of its own funds made pursuant to the related Servicing Agreement.
Nothing herein shall require the WF Master Servicer to compel a WF Servicer to establish a WF Escrow Account in violation of applicable law.
The representations and warranties of each WF Servicer with respect to the applicable WF Master Serviced Loans in the related Servicing Agreement, which have been assigned to the Trustee hereunder, were made as of the date specified in such Servicing Agreement.
Based upon information set forth in the servicer reports, the WF Master Servicer shall inform the Securities Administrator of the amount of the WF Servicer Periodic Advance to be made by a WF Servicer with respect to each Loan Group on each applicable Advance Date no later than the related Remittance Date.