Failure to Provide Timely Reports. In the event the Services fails to provide any reports required hereunder to the Owner and Master Servicer accurately, completely and timely, in order to compensate the Master servicer for the additional administrative burden of processing such inaccurate, incomplete or untimely reports, and in addition to any other rights or remedies that the Owner or the Master Servicer may have, the Servicer shall pay the following fees to the Master Servicer.
Appears in 36 contracts
Samples: Correspondent Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-22), Correspondent Servicing Agreement (Lehman Sarm 2005-11), Correspondent Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-16)
Failure to Provide Timely Reports. In the event the Services fails to provide any reports required hereunder to the Owner and Master Servicer accurately, completely and timely, in order to compensate the Master servicer for the additional administrative burden of processing such inaccurate, incomplete or untimely reports, and in addition to any other rights or remedies that the Owner or the Master Servicer may have, the Servicer shall pay the following fees to the Master Servicer.. 1. For the first such failure, the amount of $1,000;
Appears in 1 contract
Samples: Correspondent Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)