ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS BY THE SERVICER Sample Clauses

ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS BY THE SERVICER. Section 4.01. Seller's Engagement of Servicer to Perform Servicing Responsibilities.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS BY THE SERVICER. Section 4.01.
Sample 1Sample 2See All (4)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS BY THE SERVICER. Section 4.01. Seller’s Engagement of Servicer to Perform Servicing Responsibilities. 52 Section 4.02. Servicing of the Mortgage Loans. Section 4.03. Payments To the Master Servicer. 66 Section 4.04. General Servicing Procedures. 69
Sample 1Sample 2See All (4)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS BY THE SERVICER. Section 4.01. Seller's Engagement of Servicer to Perform Servicing Responsibilities.............................45 Section 4.02. Servicing of the Mortgage Loans...................................................................46
Sample 1
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS BY THE SERVICER. Section 4.01. Servicer to Perform Servicing Responsibilities. 44 Section 4.02. Servicing of the Mortgage Loans 45 Section 4.03. Payments to the Master Servicer 58 Section 4.04. General Servicing Procedures. 61 Section 4.05. Representations, Warranties and Agreements. 62 Section 4.06. The Servicer. 65 Section 4.07. Termination for Cause 67 Section 4.08. Successor to Servicer 69 Section 4.09. Subservicers and Subservicing Agreements. 70 Section 4.10. Superior Liens. 71 201359 HomeBanc 2006-2 Transfer and Servicing Agreement
Sample 1
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS BY THE SERVICER. Section 4.01. Servicer to Perform Servicing Responsibilities. Section 4.02. Servicing of the Mortgage Loans Section 4.03. Payments to the Master Servicer 61 Section 4.04. General Servicing Procedures. 64 Section 4.05. Representations, Warranties and Agreements. 67 Section 4.06. The Servicer. 70 Section 4.07. Termination for Cause 72 Section 4.08. Successor to Servicer Section 4.09. Subservicers and Subservicing Agreements. 75 Section 4.10. Superior Liens. 76 ARTICLE V ADMINISTRATION AND MASTER SERVICING OF MORTGAGE LOANS BY THE MASTER SERVICER AND THE SECURITIES ADMINISTRATOR Section 5.01. Duties of the Master Servicer; Representations and Warranties 77 Section 5.02. Master Servicer Fidelity Bond and Master Servicer Errors and Omissions Insurance Policy. Section 5.03. Master Servicer’s Financial Statements and Related Information 80 Section 5.04. Power to Act; Procedures. 80
Sample 1
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS BY THE SERVICER. Section 4.01. Servicer to Perform Servicing Responsibilities. 50 Section 4.02. Servicing of the Mortgage Loans. 51 Section 4.03. Payments to the Master Servicer. 66 Section 4.04. General Servicing Procedures. 69 Section 4.05. Representations, Warranties and Agreements. 72
Sample 1
AutoNDA by SimpleDocs
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS BY THE SERVICER 
Sample 1Sample 2Sample 3See All (10)

Related to ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS BY THE SERVICER

  • ADMINISTRATION AND SERVICING OF MORTGAGE LOANS BY THE MASTER SERVICER Section 9.01 Duties of the Master Servicer; Enforcement of Servicer’s and Master Servicer’s Obligations.

  • ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS Section 3.01 The Master Servicer to act as Master Servicer.

  • Administration and Servicing of Mortgage Loans 45 Section 3.01. Master Servicer to Act as Servicer...................................45 Section 3.02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of Subservicers' and Sellers' Obligations.........46

  • ADMINISTRATION AND MASTER SERVICING OF MORTGAGE LOANS Section 3.01 Master Servicing of Mortgage Loans.......................... Section 3.02

  • Servicing of the Mortgage Loans Section 3.01.

  • Administration and Servicing of Contracts 43 SECTION 3.01

  • Administration and Servicing of Receivables SECTION 4.1

  • Servicing of the Mortgage Loan (a) Each Note Holder acknowledges and agrees that, subject in each case to this Agreement, the Mortgage Loan shall be serviced from and after the Lead Securitization Date by the Master Servicer and the Special Servicer pursuant to the terms of this Agreement and the Lead Securitization Servicing Agreement; provided that the Master Servicer shall not be obligated to advance monthly payments of principal or interest in respect of any Note other than the Lead Securitization Note(s) if such principal or interest is not paid by the Mortgage Loan Borrower but shall be obligated to advance delinquent real estate taxes, insurance premiums and other expenses related to the maintenance of the Mortgaged Property and maintenance and enforcement of the lien of the Mortgage thereon, subject to the terms of the Lead Securitization Servicing Agreement; provided, further, that, when appointed, the Special Servicer has the required Special Servicer Rating from each Rating Agency then rating a Securitization. Each Note Holder acknowledges that any other Note Holder may elect, in its sole discretion, to include its Note in a Securitization and agrees that it will, subject to Section 26, reasonably cooperate with such other Note Holder, at such other Note Holder’s expense, to effect such Securitization. Subject to the terms and conditions of this Agreement, each Note Holder hereby irrevocably and unconditionally consents to the appointment of the Master Servicer and the Trustee under the Lead Securitization Servicing Agreement by the Depositor and the appointment of the Special Servicer by the Controlling Note Holder and agrees to reasonably cooperate with the Master Servicer and the Special Servicer with respect to the servicing of the Mortgage Loan in accordance with the Lead Securitization Servicing Agreement. Each Note Holder hereby appoints the Master Servicer, the Special Servicer and the Trustee in the Lead Securitization as such Note Holder’s attorney-in-fact to sign any documents reasonably required with respect to the administration and servicing of the Mortgage Loan on its behalf under the Lead Securitization Servicing Agreement (subject at all times to the rights of such Note Holder set forth herein and in the Lead Securitization Servicing Agreement). The Lead Securitization Servicing Agreement shall not limit the Servicer in enforcing the rights of one Note Holder against any other Note Holder as may be required in order to service the Mortgage Loan as contemplated by this Agreement and the Lead Securitization Servicing Agreement; provided, that it is also understood and agreed that nothing in this sentence shall be construed to otherwise limit the rights of one Note Holder with respect to any other Note Holder. Each Servicer shall be required pursuant to the Lead Securitization Servicing Agreement (i) to service the Mortgage Loan in accordance with the Servicing Standard, the terms of the Mortgage Loan Documents, the Lead Securitization Servicing Agreement and applicable law, (ii) to provide information to each servicer under each Non-Lead Securitization Servicing Agreement necessary to enable each such servicer to perform its servicing duties under such Non-Lead Securitization Servicing Agreement, and (iii) to not take any action or refrain from taking any action or follow any direction inconsistent with the foregoing.

  • Servicing of Mortgage Loans From and after the Effective Date, the Servicer does hereby agree to service the Mortgage Loans, but subject to the terms of this Agreement. The rights of the Owner to receive payments with respect to the Mortgage Loans shall be as set forth in this Agreement.

  • Monthly Advances by the Servicer On the Business Day immediately preceding each Remittance Date, the Servicer shall deposit in the Custodial Account from its own funds or from amounts held for future distribution an amount equal to all Monthly Payments (with interest adjusted to the Mortgage Loan Remittance Rate) which were due on the Mortgage Loans during the applicable Due Period and which were delinquent at the close of business on the immediately preceding Determination Date or which were deferred pursuant to Section 4.01. Any amounts held for future distribution and so used shall be replaced by the Servicer by deposit in the Custodial Account on or before any future Remittance Date if funds in the Custodial Account on such Remittance Date shall be less than payments to the Owner required to be made on such Remittance Date. The Servicer's obligation to make such Monthly Advances as to any Mortgage Loan will continue through the last Monthly Payment due prior to the payment in full of the Mortgage Loan, or through the last Remittance Date prior to the Remittance Date for the distribution of all Liquidation Proceeds and other payments or recoveries (including REO Disposition Proceeds, Insurance Proceeds and Condemnation Proceeds) with respect to the Mortgage Loan; provided, however, that such obligation shall cease if the Servicer determines, in its sole reasonable opinion, that advances with respect to such Mortgage Loan are non-recoverable by the Servicer from Liquidation Proceeds, Insurance Proceeds, Condemnation Proceeds, or otherwise with respect to a particular Mortgage Loan. In the event that the Servicer determines that any such advances are non-recoverable, the Servicer shall provide the Owner with a certificate signed by an officer of the Servicer evidencing such determination.

Time is Money Join Law Insider Premium to draft better contracts faster.