Common use of Loans with Escrow Accounts Clause in Contracts

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. Amounts or balances related to the Loans on deposit in Escrow Accounts held or controlled by the Initial Member Transferor or an Existing Servicer shall be transferred to the Company on the respective Servicing Transfer Date. As of each Servicing Transfer DateOn such date, any negative escrow balances shall be netted against the amount of any positive escrow balances held in the Escrow Accounts Accounts, without offset against any negative escrow balances, shall be 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. 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 DateOn such date, any negative escrow balances shall be netted against the amount of any positive escrow balances held in the Escrow Accounts Accounts, without offset against any negative escrow balances, shall be 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. 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 On such Date, any negative escrow balances shall be netted against the amount of any positive escrow balances held in the Escrow Accounts Accounts, without offset against any negative escrow balances, shall be 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. 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 On such Date, any negative escrow balances shall be netted against the amount of any positive escrow balances held in the Escrow Accounts Accounts, without offset against any negative escrow balances, shall be 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. Amounts or balances related to the Loans on deposit in Escrow Accounts held or controlled by the Initial Member Transferor or an Existing Servicer shall will be transferred to the Company on the respective Servicing Transfer Date. As of each Servicing Transfer DateOn such date, any negative escrow balances shall be netted against the amount of any positive escrow balances held in the Escrow Accounts Accounts, without offset against any negative escrow balances, will be 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.