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Common use of Servicer Notification Clause in Contracts

Servicer Notification. The Servicer must notify the Master Servicer of any failure of the Servicer to advance as provided for in this Agreement or to remit funds to the Certificate Account as required by Section 18.3.1 on the day of such failure to advance or remit.

Appears in 73 contracts

Sources: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar5 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-3 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-19 Trust)

Related Clauses

  • Servicer and Backup Servicer Not to Resign
  • Transfer of Servicing Between Master Servicer and Special Servicer; Record Keeping
  • Customer Notification
  • Servicer to Cooperate
  • Master Servicer to Service Mortgage Loans

Parent Clauses

  • Failure to Advance
  • Miscellaneous Provisions
  • Advances
  • Amendments
  • Blanket Flood Insurance Deductible

Sub-Clauses

  • Rehabilitation Advance Requirement
  • Rehabilitation Advance Recovery
  • Rehabilitation Advance Limitation
  • PMI Advance Recovery
  • Automated Reports
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