Bankruptcy Adjustments. If the action of any court results in a Deficient Valuation or Debt Service Reduction, the Servicer shall provide a calculation of the effects of such modification notifying the Master Servicer of the new principal balance, Mortgage Interest Rate, new final maturity, or monthly payment level, as the case may be, of such Mortgage Loan.
Appears in 74 contracts
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar13 Trust)
Bankruptcy Adjustments. If the action of any court results in a Deficient Valuation or Debt Service Reduction, the Servicer shall provide a calculation of the effects of such modification notifying notify the Master Servicer of the new principal balance, Mortgage Interest Rate, new final maturity, or monthly payment level, as the case may be, of such Mortgage Loan.
Appears in 3 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008-Ar2 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008-Ar1 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008 -1 Trust)
