Interim Servicing Period definition

Interim Servicing Period. The period from the Closing Date to the related Servicing Transfer Date.
Interim Servicing Period. With respect to any Mortgage Loan, the period commencing on the related Closing Date and ending on the thirtieth day following the Closing Date or such other period mutually agreed to by the Seller and the Initial Purchaser.
Interim Servicing Period. With respect to any Mortgage Loan, the period commencing on the related Inbound Transfer Date and ending on the Reconstitution Date.

Examples of Interim Servicing Period in a sentence

  • The Seller is the sole owner and holder of the Mortgage Loan and the indebtedness evidenced by the Mortgage Note, and upon recordation the Purchaser or its designee will be the owner of record of the Mortgage and the indebtedness evidenced by the Mortgage Note, and upon the sale of the Mortgage Loan to the Purchaser, the Seller will retain any Mortgage File documents during the Interim Servicing Period in its possession in trust for the Purchaser.

  • The Seller shall apply all payments received in respect of the Mortgage Loans during the Interim Servicing Period and after the Transfer Date in accordance with the Servicing Transfer Instructions.

  • During the Interim Servicing Period, originals of the contents of each Mortgage File not delivered to the Purchaser or the custodian appointed by the Purchaser are and shall be held in trust by the Seller for the benefit of the Purchaser as the owner thereof and shall be available for review by the Purchaser upon request.

  • The Seller agrees to comply with the Customary Servicing Procedures during the Interim Servicing Period.

  • During the Interim Servicing Period, in the event that any payment due under any Mortgage Loan is not paid when the same becomes due and payable, or in the event the Mortgagor fails to perform any other covenant or obligation under the Mortgage Loan and such failure continues beyond any applicable grace period, the Seller shall so notify the Purchaser and shall take such action as it is directed by the Purchaser.


More Definitions of Interim Servicing Period

Interim Servicing Period shall have the meaning given in the Contribution “Investment Company Act” shall mean the Investment Company Act of 1940, as amended from time to time.
Interim Servicing Period. Shall have the meaning ascribed thereto in Section 2(b)(iv) of this Agreement.
Interim Servicing Period means the Company Interim Servicing Period or the Bank Interim Servicing Period, as applicable.
Interim Servicing Period. As to each Mortgage Loan Package, the period of time from and including the Closing Date to the Servicing Transfer Date.
Interim Servicing Period has the meaning given that term in Section 3.3(b). “Law” means any applicable statute, law, ordinance, regulation, rule, code, injunction, judgment, decree or order (including any executive order) of any Governmental Authority.
Interim Servicing Period has the meaning set forth in Section 2.4.
Interim Servicing Period means, the period of time from the Purchase Date to but not including the earlier of (i) the Servicing Transfer Date and (ii) the Termination Date.