Trailing Documents Sample Clauses
The Trailing Documents clause requires parties to provide additional documents or information after the main agreement has been executed. Typically, this clause applies to situations where certain documents, such as consents, certificates, or regulatory filings, cannot be delivered at closing but are necessary to complete the transaction. Its core function is to ensure that all outstanding paperwork is finalized post-closing, thereby reducing the risk of incomplete documentation and ensuring the transaction is fully effective.
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Trailing Documents. Purchaser shall cause its personnel to fulfill Seller's obligations to follow-up on and resolve existing trailing documents as of the Closing Date (the "Trailing Documents"). Seller shall pay for certain full-time employees in accordance with SCHEDULE VI for the periods set forth therein. Following such periods, Purchaser shall offer to provide assistance with Seller's obligations with respect to any remaining Trailing Documents on an hourly rate basis under "Miscellaneous Support" below. With respect to the services provided pursuant to this item 2, Purchaser's indemnity of Seller shall survive for a period of 365 days following the provision of the service from which a claim arises.
Trailing Documents. Mortgage Loan Documents that are required by an Investor pursuant to Applicable Requirements to be part of the Collateral File that, as of the time of reference, are (i) in the custody of counsel in accordance with Applicable Requirements or (ii) have been submitted for recording and have not yet been returned by the applicable recording office. Transfer Confirmation: A document, substantially in the form of Exhibit B hereto, executed by the Seller and the Purchaser, which sets forth the Mortgage Servicing Rights transferred to the Purchaser for Servicing on each Servicing Transfer Date.
Trailing Documents. Hazard / Flood insurance: «ServicerName» will forward, via overnight service on a daily basis, all insurance premium notices and policy documents for thirty (30) days following the transfer date, «TransferDate» and via regular US mail thereafter. All insurance documentation must be forwarded to: Select Portfolio Servicing, Inc. PO Box 7727 Springfield, OH 45501-7727 PMI Insurance: «ServicerName» will forward, via overnight service on a daily basis, all PMI related items for thirty (30) days following the transfer date, «TransferDate» and via regular US mail thereafter. Any PMI document requiring immediate attention must be delivered via overnight express to: Select Portfolio Servicing, Inc. Attn: Ml Department ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Salt Lake City, UT 84115-4412 Taxes: «ServicerName» will forward via overnight service on a daily basis, all tax bills and tax documents for sixty (60) days following the transfer date, «TransferDate» and via regular US mail thereafter. Tax documents should be forwarded to: Lereta LLC ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇ All trailing documents not specified above must be forwarded on a daily basis, via overnight service, for a period of thirty (30) days following the transfer date, «TransferDate» and via regular US mail thereafter. Trailing documents not listed above should be sent to: Select Portfolio Servicing, Inc. Attn: Records Department ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Salt Lake City, UT 84119-3355 Items which require expedited handling to protect the security, investor's or borrower's interest must be sent via overnight delivery service for an indefinite period or time. «ServicerName» is to provide electronic data files in Excel or Text format. «ServicerName» will provide complete payment histories and collection notes, regardless of loan status, in loan number order along with a transaction code dictionary, if applicable. Payment histories and collection notes must be complete and cover through the cutoff date, «ServcngCutoffDate». Payment histories and collection notes are due to SPS by «FinalDataDate».
Trailing Documents. Notwithstanding anything set forth to the contrary in the Master Agreement, including, without limitation, Section 2.03 therein, with respect to any trailing documents required to be forwarded to the Assignor by the Company pursuant to the Master Agreement, the Company hereby acknowledges and agrees that as of the Closing Date, solely with respect to the Mortgage Loans, the Company shall forward any and all documents related to the Mortgage Loans to the Assignee promptly upon the Company’s receipt of such documents. The Assignee hereby acknowledges and agrees that following the Closing Date, the Assignor shall have no responsibility, liability or obligation to deliver any additional document related to the Mortgage Loans to the Assignee.
Trailing Documents. If such Property was funded on the Closing Date with an unrecorded mortgage or deed of trust or a title commitment with respect to the related Title Insurance Policy, Borrower shall obtain recorded mortgages or deeds of trust (or assignments of previously recorded mortgages or deeds of trust, as applicable) and such Title Insurance Policy for such Property as soon as practicable but no later than 90 days following the Closing Date and shall promptly deliver such documents to the Custodian.
Trailing Documents. Seller is to provide to Purchaser the following with respect to each Mortgage Loan in a Mortgage Loan Package documents within one hundred-eighty (180) days of the re-dated Purchase Date: • Original Final Title Policy • Original Recorded Mortgage/Deed of Trust • Original Recorded Assignment (for each Mortgage Loan that is not a MERS Mortgage Loan) • Final HUD-1 • The remainder of the Mortgage File To the following address with a cover page listing borrower name, loan number, and document(s) included in each shipment; Failure to deliver the Original Final Title Policy, the Original Recorded Mortgage/Deed of Trust, and/or the Original Recorded Assignment (for each Mortgage Loan that is not a MERS Mortgage Loan) within the time period required will result in an assessment of a fee in the amount of $50.00 per document to defray Purchaser’s costs to obtain such document(s).
Trailing Documents. Cendant will be responsible for the retrieval, review and delivery of any and all Trailing Documents. For [* * *] after the Closing Date, Cendant will make a diligent effort to retrieve Trailing Documents and provide MLCC with monthly status reports documenting said effort in a mutually agreed upon format. For purposes of this section, diligent effort means that Cendant will at a minimum: [* * *]. To the extent that (i) a Bulk Sale Mortgage File has Trailing Documents that have not been received within [* * *] of the Closing Date (hereafter “Seriously Delinquent Trailing Document”), and (ii) MLCC chooses not to enforce a breach with the related Correspondent Lender, then Cendant will attempt to obtain such Seriously Delinquent Trailing Documents directly from the source at MLCC’s request.
Trailing Documents. Notwithstanding anything set forth to the contrary in the Master Agreement, including, without limitation, Section 2.03 and Exhibit B therein, with respect to any trailing documents required to be forwarded to the Assignor by the Company pursuant to the Master Agreement, the Company hereby acknowledges and agrees that as of the Closing Date, solely with respect to the Mortgage Loans, the Company shall forward any and all documents related to the Mortgage Loans to Assignee (or its designee) or Assignor’s document custodian, W▇▇▇▇ Fargo Bank N.A., in accordance with the terms of the Master Agreement promptly upon the Company’s receipt of such documents. The Assignee hereby acknowledges and agrees that following the Closing Date, the Assignor shall have no responsibility, liability or obligation to deliver any additional document related to the Mortgage Loans to the Assignee.