Common use of Fidelity Bond and Errors and Omissions Insurance Clause in Contracts

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac in the Xxxxxxx Mac Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Mae). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 69 contracts

Samples: Subservicing Agreement (Sasco 2006-Bc4), Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc8), Servicing Agreement (Structured Asset Inv Loan Mort Pass THR Certs Ser 2003-Bc6)

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Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac in the Xxxxxxx Mac Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Mae)Policy. Such Fidelity Bond and Errors and Omissions Insurance Policy shall be maintained with recognized insurers, insurers and shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, -servicer and shall by its terms not be cancelable without thirty days’ prior written notice to the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their if (i) the Master Servicer and the NIMS Insurer so request and (ii) the Servicer is not an affiliate of Xxxxxx Brothers Inc. at the time of such request.

Appears in 33 contracts

Samples: Servicing Agreement (Structured Asset Investment Loan Trust 2006-1), Servicing Agreement (Sasco 2006-S3), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc5)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force and shall cause each sub-servicer to keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac the Master Servicer in the Xxxxxxx Mac Master Servicing Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Maethe Master Servicer). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified with the Master Servicer as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Master Servicer Trustee and the NIMS InsurerMaster Servicer. The Servicer and each sub-servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish and shall cause each sub-servicer to furnish to the Trustee and the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 15 contracts

Samples: Servicing Agreement (Thornburg Mortgage Securities Trust 2004-2), Servicing Agreement (Greenwich Capital Acceptance Thornburg Sec Tr 2003-4), Servicing Agreement (Structured Asset Securities Corp Thorn Mort Sec Tr 2003-3)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force and shall cause each sub-servicer to keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac the Master Servicer in the Xxxxxxx Mac Master Servicing Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Maethe Master Servicer and NIMs Insurer). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified with the Master Servicer as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days' prior written notice to the Master Servicer Trustee, the NIMs Insurer and the NIMS InsurerMaster Servicer. The Servicer and each sub-servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish and shall cause each sub-servicer to furnish to the Trustee, each NIMs Insurer (upon reasonable request) and the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Homestar Mortgage Accep Corp Asst Back Certs Ser 2004-1), Pooling and Servicing Agreement (Homestar Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, Series 2004-5), Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, 2005-2)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force and shall cause each sub-servicer to keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac the Master Servicer in the Xxxxxxx Mac Master Servicing Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Maethe Master Servicer). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified with the Master Servicer as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days' prior written notice to the Master Servicer Trustee and the NIMS InsurerMaster Servicer. The Servicer and each sub-servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish and shall cause each sub-servicer to furnish to the Trustee and the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 7 contracts

Samples: Servicing Agreement (Thornburg Mortgage Securities Trust 2007-2), Servicing Agreement (Thornburg Mortgage Sec Tr 2002-1 MRT Ln Ps THR CRT Sr 2002-1), Servicing Agreement (Greenwich Capital Acceptance Inc)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Mac Guide or Xxxxxx Xxx Fxxxxx Mxx in the Xxxxxx Fxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Fxxxxxx Mac or Xxxxxx Fxxxxx Mae). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx Fxxxxx Mxx or Xxxxxxx Fxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 4 contracts

Samples: Subservicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc6), Servicing Agreement (Structured Asset Investment Loan Trust 2004-6), Subservicing Agreement (BNC Mortgage Loan Trust 2006-2)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac in the Xxxxxxx Mac Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Mae). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Trustee, the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Trustee, the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 3 contracts

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7), Subservicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7), Subservicing Agreement (Amoritizing Residential Col Tr Mor Pas Thru Cer Ser 2002-Bc6)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force and shall cause each sub-servicer to keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac the Master Servicer in the Xxxxxxx Mac Master Servicing Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Maethe Master Servicer and NIMs Insurer). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified with the Master Servicer as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Master Servicer Trustee, the NIMs Insurer and the NIMS InsurerMaster Servicer. The Servicer and each sub-servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish and shall cause each sub-servicer to furnish to the Trustee, each NIMs Insurer (upon reasonable request) and the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates, Series 2005-4), Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, Series 2005-3), Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, 2005-5)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac in the Xxxxxxx Mac Xxxxxx Mae Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Mae). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Trustee, the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Trustee, the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 2 contracts

Samples: Servicing Agreement (Structured Asset Securities Corp), Subservicing Agreement (Structured Asset Securities Corp)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac in the Xxxxxxx Mac Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Mae). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Master Servicer and the NIMS InsurerServicer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 2 contracts

Samples: Subservicing Agreement (SASCO Mortgage Loan Trust Series 2005-Gel1), Servicing Agreement (SASCO Mortgage Loan Trust Series 2005-Gel1)

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Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac Frxxxxx Xac in the Xxxxxxx Mac Frxxxxx Xac Guide or Xxxxxx Xxx in Faxxxx Xax xn the Xxxxxx Mae Faxxxx Xae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac Frxxxxx Xac or Xxxxxx MaeFaxxxx Xae). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac Faxxxx Xax xr Frxxxxx Xac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 2 contracts

Samples: Interim Subservicing Agreement (Structured Asset Investment Loan Trust 2005-9), Subservicing Agreement (Structured Asset Investment Loan Trust 2005-He3)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force and shall cause each subservicer to keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac the Master Servicer in the Xxxxxxx Mac Master Servicing Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Maethe Master Servicer and NIMs Insurer). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified with the Master Servicer as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Master Servicer Trustee, the NIMs Insurer and the NIMS InsurerMaster Servicer. The Servicer and each subservicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish and shall cause each subservicer to furnish to the Trustee, each NIMs Insurer (upon reasonable request) and the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Opteum Mortgage Acceptance CORP Trust 2006-2)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Freddie Mac in the Xxxxxxx Freddie Mac Guide or Xxxxxx Xxx Fannie Mae in the Xxxxxx Fannie Mae Guides (unless a waiver of such requirement xxxxxxxment has been obtained beex xxxxxned by the Servicer from Serxxxxx fxxx either Xxxxxxx Xxxxxxe Mac or Xxxxxx Fannie Mae). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurersmaintainex xxxx recognizxx xxxurers, shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac seller/servicer, and shall by its terms not be cancelable without thirty daysdaxxprior written notice xxixx writxxx xxxice to the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc9)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Mac in the Xxxxxxx Mac Xxxxxx Mae Guide or Xxxxxx Xxx in the Xxxxxx Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx Mae). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac seller/servicer, and shall by its terms not be cancelable without thirty days' prior written notice to the Trustee, the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Trustee, the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc2)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Freddie Mac in the Xxxxxxx Mac Guide or Xxxxxx Xxx in the Xxxxxx Mae Xxx Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Freddie Mac or Xxxxxx MaeXxx). Such Fidelity Bond and Errors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Freddie Mac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc8)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Xxxxxxx Freddie Mac in the Xxxxxxx Freddie Mac Guide or Xxxxxx Xxx Fannie Mae in the Xxxxxx Fannie Mae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Xxxxxxx Mac or Xxxxxx frxx xxxxer Freddie Mxx xx Xannie Mae). Such Fidelity Sxxx Xxdxxxty Bond and Errors xxx Xxrors and Omissions Insurance shall be maintained with recognized insurers, shall be in such form and amount forx xxx xmount as would xxxxx permit the Servicer to be qualified as a Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac seller/servicer, and shall by its terms not be cancelable without thirty days’ prior written notice to the Master Servicer and Trustee, the Masxxx Xxrxxxer axx xxx NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Trustee, the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy upon their request.

Appears in 1 contract

Samples: Servicing Agreement (Amoritizing Residential Col Tr Mor Pas Thru Cer Ser 2002-Bc6)

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