Common use of Liquidation Expenses Clause in Contracts

Liquidation Expenses. Expenses that are incurred by the Master Servicer or a Servicer in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.06, 9.16 or 9.22.

Appears in 16 contracts

Samples: Reconstituted Servicing Agreement (Lehman XS Trust Series 2007-2n), Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar5), Trust Agreement (Greenpoint Mortgage Funding Trust 2007-Ar1)

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Liquidation Expenses. Expenses that are incurred by the Master Servicer or a Servicer in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, amounts expended pursuant to Sections 9.06, 9.16 or 9.22.

Appears in 16 contracts

Samples: Trust Agreement (Lehman Mortgage Trust 2007-6), Trust Agreement (Lehman Mortgage Trust 2007-4), Re:   Trust Agreement (LMT 2007-1)

Liquidation Expenses. Expenses that are incurred by the Master Servicer or a Servicer the Servicer, as applicable, in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policyprimary mortgage insurance policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.064.02(c), 9.16 4.02(j) or 9.224.02(o).

Appears in 15 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (Homebanc Corp), Pooling and Servicing Agreement (Homebanc Corp)

Liquidation Expenses. Expenses that are incurred by the Master Servicer or a Servicer in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.06, 9.16 or 9.22.

Appears in 7 contracts

Samples: Custodial Agreement (Structured Asset Investment Loan Trust 2004-6), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Trust Agreement (Structured Asset Sec Corp Mort Back Ps THR Cert Ser 2003-3xs)

Liquidation Expenses. Expenses that are incurred by the Master Servicer or a Servicer in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage any Insurance Policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.06, 9.16 or 9.22.

Appears in 5 contracts

Samples: Trust Agreement (Structured Asset Securities Corp 2006-S1), Trust Agreement (Structured Asset Securities Corp 2005-S5), Securitization Servicing Agreement (Sasco 2006-S2)

Liquidation Expenses. Expenses that are incurred by the Master Servicer or a Servicer in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policyprimary mortgage insurance policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.06, 9.16 3.07 or 9.223.08.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H2), Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H4), Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2007-H1)

Liquidation Expenses. Expenses that are incurred by the Master Servicer, the Servicer or a Servicer the Subservicer, as applicable, in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policyprimary mortgage insurance policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.06, 9.16 4.18 or 9.224.23.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)

Liquidation Expenses. Expenses that are incurred by the Master Servicer or a Servicer in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policyprimary mortgage insurance policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.064.06, 9.16 4.18 or 9.224.23.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Lehman ABS Corp. Home Equity Loan Trust 2005-1), Custodial Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2)

Liquidation Expenses. Expenses that are incurred by the Master Servicer or a Servicer in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable related Primary Mortgage Insurance Policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.06, 9.16 or 9.22.

Appears in 2 contracts

Samples: Trust Agreement (BNC Mortgage Loan Trust 2007-1), Trust Agreement (Structured Asset Investment Loan Trust 2005-2)

Liquidation Expenses. Expenses that are incurred by the Master Servicer or a the Servicer in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable related Primary Mortgage Insurance Policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.06, 9.16 or 9.22.

Appears in 2 contracts

Samples: Trust Agreement (SASCO Mortgage Pass-Through Certifidates, Series 2005-Wmc1), Trust Agreement (Structured Asset Securities Corp. 2005-Rms1)

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Liquidation Expenses. Expenses that are incurred by the Master -------------------- Servicer or a Servicer in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, amounts expended pursuant to Sections 9.06, 9.16 or 9.22.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corporation)

Liquidation Expenses. Expenses that are incurred by the Master Servicer, the Servicer or a Servicer the Subservicer, as applicable, in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policyprimary mortgage insurance policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.06, 9.16 or 9.22Section 4.02.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2006-2)

Liquidation Expenses. Expenses that are incurred by the Master Servicer or a any Servicer in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, amounts expended pursuant to Sections 9.06, 9.16 or 9.22.

Appears in 1 contract

Samples: Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Liquidation Expenses. Expenses that are incurred by the Master Servicer Servicer, the Servicers or a Servicer the Subservicer, as applicable, in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policyprimary mortgage insurance policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.06, 9.16 4.02 or 9.224.03.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (NYMT Securities CORP)

Liquidation Expenses. Expenses that are incurred by the Master Servicer or a Servicer the [related] Servicer, as applicable, in connection with the liquidation of any defaulted Mortgage Loan and that are not recoverable under the applicable Primary Mortgage Insurance Policyprimary mortgage insurance policy, if any, including, without limitation, foreclosure and rehabilitation expenses, legal expenses and unreimbursed amounts, if any, expended pursuant to Sections 9.064.02(c), 9.16 4.02(j) or 9.224.02(o).

Appears in 1 contract

Samples: Transfer and Servicing Agreement (TBALT Corp.)

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