Loans with Escrow Accounts. Amounts or balances related to the Loans on deposit in Escrow Accounts held or controlled by the Initial Member or an Existing Servicer shall be transferred to the Company on the respective Servicing Transfer Date. As of each Servicing Transfer Date, any negative escrow balances shall be netted against the amount of any positive escrow balances held in the Escrow Accounts transferred to the Company. The Company agrees to assume, undertake and discharge any and all Obligations of the holder of the Loans with respect to any Escrow Account and the maintenance of such Escrow Account and the Escrow Payments paid by or on account of the related Borrower.
Loans with Escrow Accounts. The Company agrees to assume, undertake and discharge any and all Obligations of the holder of the Loans with respect to any escrow, maintenance of escrow and payments from escrow of monies paid by or on account of the Borrower.
Loans with Escrow Accounts. Escrow funds, custodial funds and other amounts or balances related to the Loans on deposit in Escrow Accounts, Custodial Accounts or other accounts held or controlled by the Initial Member shall be transferred by the Initial Member, along with the related accounts, to the Company on the Closing Date. It is intended that the Initial Member will use commercially reasonable efforts to cause such Escrow Accounts, Custodial Accounts and other accounts to be retitled in the name of the Company. All such funds and related accounts shall become the responsibility of the Company when transferred by the Initial Member. Any negative escrow balances shall be netted against the amount of any positive escrow balances held in the Escrow Accounts transferred to the Company.
Loans with Escrow Accounts. Buyer agrees to assume, undertake and discharge any and all Obligations of the holder of the Loans with respect to any escrow, maintenance of escrow and payments from escrow of monies paid by or on account of the Borrower. Seller shall transfer to Buyer that sum of money held by Seller as of the Loan Sale Closing Date, which represents collected and undisbursed escrow payments.
Loans with Escrow Accounts. Xxxxx agrees to assume, undertake and discharge any and all Obligations of the holder of the Loans with respect to any escrow, maintenance of escrow and payments from escrow of monies paid by or on account of the Borrower. Seller will transfer to Buyer that sum of monies held by Seller as of the Deconversion Date, which represents undisbursed escrow payments.
