Applicable Servicing Agreement definition

Applicable Servicing Agreement. With respect to (i) Residential Funding Company, LLC, the Standard Terms and Provisions of Sale and Servicing Agreement, dated as of February 1, 2007, between Residential Funding Company, LLC and Xxxxxxx Xxxxx Mortgage Lending, Inc., as modified by the Assignment, Assumption and Recognition Agreement, dated as of July 1, 2007, among Xxxxxxx Xxxxx Mortgage Lending, the Depositor and Residential Funding Company, LLC, (ii) IndyMac Bank, F.S.B., the Master Seller's Warranties and Servicing Agreement, dated as of May 1, 2006, between IndyMac Bank, F.S.B. and Xxxxxxx Xxxxx Mortgage Lending, as modified by the Assignment, Assumption and Recognition Agreement, dated as of July 1, 2007, among Xxxxxxx Xxxxx Mortgage Lending, the Depositor and IndyMac Bank, F.S.B. and (iii) Central Mortgage Company, the Servicing Agreement, dated as of July 1, 2007, between the Depositor and Central Mortgage Company.
Applicable Servicing Agreement. With respect to (i) Residential Funding Company, LLC, the Standard Terms and Provisions of Sale and Servicing Agreement, dated as of February 1, 2007, between Residential Funding Company, LLC and Xxxxxxx Xxxxx Mortgage Lending, Inc. and (ii) Wilshire, this Agreement.

Examples of Applicable Servicing Agreement in a sentence

  • In the review of each Servicer's activities, the Master Servicer may rely upon an Officer's Certificate of the Servicer with regard to such Servicer's compliance with the terms of the Applicable Servicing Agreement.

  • The Master Servicer shall supervise, monitor and oversee the obligation of the Servicers to service and administer their respective Mortgage Loans in accordance with the terms of the Applicable Servicing Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration.

  • The Master Servicer shall use its best reasonable efforts to cause each Servicer (to the extent required under the Applicable Servicing Agreement) to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), primary mortgage insurance applicable to each Mortgage Loan in accordance with the provisions of the Applicable Servicing Agreement.

  • The Master Servicer shall, to the extent provided in this Agreement and the Applicable Servicing Agreement, cause the applicable Servicer to comply with its obligations hereunder and thereunder, as applicable, regarding any REO Property.

  • The Master Servicer shall deposit in the Master Servicer Collection Account not later than each Distribution Account Deposit Date an amount equal to the aggregate amounts required to be paid by the Servicers under the Applicable Servicing Agreement with respect to subclause (a) of the definition of Prepayment Interest Shortfall with respect to the Mortgage Loans for the related Distribution Date, and not so paid by the applicable Servicer (such amount, the "Compensating Interest Payment").

  • The Master Servicer shall not, and shall not permit any Servicer (to the extent required under this Agreement or the Applicable Servicing Agreement, as applicable) to, cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder except in accordance with the provisions of this Agreement or the Applicable Servicing Agreement, as applicable.

  • If applicable law prohibits the enforcement of a due-on-sale clause or such clause is otherwise not enforced in accordance with the Applicable Servicing Agreement, and, as a consequence, a Mortgage Loan is assumed, the original Mortgagor may be released from liability in accordance with the Applicable Servicing Agreement.

  • The Master Servicer shall cause each Servicer (to the extent required under the Applicable Servicing Agreement) to foreclose upon, repossess or otherwise comparably convert the ownership of Mortgaged Properties securing such of the Mortgage Loans as come into and continue in default and as to which no satisfactory arrangements can be made for collection of Delinquent payments, all in accordance with the terms and conditions of the Applicable Servicing Agreement.

  • Subject to the foregoing, the Master Servicer shall continue to make such Advances through the date that the applicable Servicer is required to do so under the Applicable Servicing Agreement.

  • Pursuant to its efforts to sell such REO Property, the Master Servicer shall cause the applicable Servicer to comply in the manner and to the extent required by this Agreement and the Applicable Servicing Agreement, as applicable, in accordance with the REMIC Provisions and in a manner that does not result in a tax on "net income from foreclosure property" or cause such REO Property to fail to qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Code.

Related to Applicable Servicing Agreement

  • Outside Servicing Agreement With respect to an Outside Serviced Mortgage Loan or the related Outside Serviced Loan Combination, the pooling and servicing agreement, trust and servicing agreement or other comparable agreement governing the creation of an Outside Securitization Trust that includes a related Outside Serviced Companion Loan, the issuance of securities backed by the assets of such Outside Securitization Trust and the servicing of such Outside Serviced Mortgage Loan, such Outside Serviced Loan Combination and the related Outside Serviced Companion Loan(s), or any successor servicing agreement with respect to such Outside Serviced Mortgage Loan, such Outside Serviced Loan Combination and the related Outside Serviced Companion Loan(s) contemplated by the related Co-Lender Agreement. The only Outside Servicing Agreements related to the Trust as of the Closing Date are identified in the Loan Combination Table under the column heading “Outside Servicing Agreement.” With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, on or after the related Servicing Shift Date, the related Servicing Shift Mortgage Loan Pooling and Servicing Agreement shall be an Outside Servicing Agreement.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Master Servicing Agreement As defined in Section 8.2(a).

  • Back-Up Servicing Agreement has the meaning specified in the Servicing Agreement.

  • GMAC Servicing Agreement The Servicing Agreement listed in Exhibit E hereto between the Seller and GMAC Mortgage Corporation.

  • Primary Servicing Agreement As the context may require, (i) that certain Primary Servicing Agreement, dated as of September 1, 2014, between Xxxxx Fargo Bank, National Association, as master servicer, and Prudential Asset Resources, Inc., as primary servicer, relating to some or all of the Mortgage Loans for which Liberty Island is the applicable Mortgage Loan Seller, and/or (ii) that certain Primary Servicing Agreement, dated as of September 1, 2014, between Xxxxx Fargo Bank, National Association, as master servicer, and Berkadia Commercial Mortgage LLC, as primary servicer.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • WFHM Servicing Agreement The Servicing Agreement providing for the servicing of the Type 1 Mortgage Loans initially by WFHM.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Subservicing Agreement As defined in Section 3.02(a).

  • Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of the Closing Date, between the Seller, the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time.

  • Basic Servicing Agreement means the Amended and Restated Servicing Agreement, dated as of March 1, 2009, among MBFS USA, as lender and as servicer, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Substitute Servicing Agreement means a servicing agreement that contains servicing provisions which are the same as or more favorable to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.

  • Servicing Agreement means such subsequent Servicing Agreement; provided, however, that until a replacement Servicing Agreement has been entered into (and such written confirmation has been obtained), the Note A-1 Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Servicing Agreement as if such agreement was still in full force and effect with respect to the Mortgage Loan; provided, further, however, that until a replacement Servicing Agreement is in place, the actual servicing of the Mortgage Loan may be performed by any Qualified Servicer appointed by the Note A-1 Holder and does not have to be performed by the service providers set forth under the Servicing Agreement that was previously in effect.

  • Transfer and Servicing Agreement means the Transfer and Servicing Agreement, dated as of April 25, 2000, among the Transferor, the Servicer, CMF and the Issuer, as the same may be amended, supplemented or otherwise modified from time to time.

  • Servicing Agreements Each of the Servicing Agreements executed with respect to a portion of the Mortgage Loans by one of the Servicers, which agreements are attached hereto, collectively, as Exhibit L.

  • and Servicing Agreement Dated: Series#: Account#: Pool#: Loan#: MIN#: Borrower Name(s): Reason for Document Request: (circle one) Mortgage Loan Prepaid in Full Mortgage Loan Repurchased "We hereby certify that all amounts received or to be received in connection with such payments which are required to be deposited have been or will be so deposited as provided in the Pooling and Servicing Agreement." Residential Funding Corporation Authorized Signature ****************************************************************************** TO CUSTODIAN/TRUSTEE: Please acknowledge this request, and check off documents being enclosed with a copy of this form. You should retain this form for your files in accordance with the terms of the Pooling and Servicing Agreement.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Other Servicing Agreements The Servicing Agreements other than the WFHM Servicing Agreement.

  • Backup Servicing Agreement means the backup servicing agreement, dated as of the Closing Date, by and among the Issuer, the Depositor, the Servicer, the Backup Servicer and the Indenture Trustee, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • Servicing Arrangement is defined in Section 11.06(b).

  • Non-Lead Servicing Agreement means the Note A-2 PSA.

  • Subservicing Agreements As defined in Section 3.02(a).

  • Lead Securitization Servicing Agreement means such subsequent servicing agreement; provided, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each other Rating Agency with respect to any such Non-Lead Securitization Note regarding any Special Servicer to be appointed under such replacement servicing agreement that does not have the Required Special Servicer Rating for such Rating Agency or, with respect to the Master Servicer, would not otherwise meet the conditions to be a servicer under the Lead Securitization Servicing Agreement that is being replaced; provided, further, that until a replacement servicing agreement has been entered into, the Lead Securitization Note Holder shall cause the Mortgage Loan to be serviced pursuant to the provisions of the Lead Securitization Servicing Agreement, as if such agreement were still in full force and effect with respect to the Mortgage Loan, by the Servicers in the Lead Securitization or by any Person appointed by the Lead Securitization Note Holder that is a Person meeting the requirements of a master servicer under the Lead Securitization Servicing Agreement and, in the case of the Special Servicer, that meets the Required Special Servicer Rating for each Rating Agency then rating securities of a Non-Lead Securitization.

  • National City Servicing Agreement Solely with respect to the National City Mortgage Loans, the Master Seller’s Warranties and Servicing Agreement, dated as of October 1, 2001, between the Transferor and National City, as the same may be amended from time to time, and any assignments and conveyances related to the National City Mortgage Loans.