National City Servicing Agreement definition
Examples of National City Servicing Agreement in a sentence
The Master Servicer shall terminate the rights and obligations of National City under the National City Servicing Agreement, upon the failure of National City to perform any of its obligations under the National City Servicing Agreement, which failure results in an event of default as provided in the Section 10 of the National City Servicing Agreement.
The Mortgage Note, the Mortgage, the Assignment of Mortgage and any other documents required to be delivered for the Mortgage Loan by the Company under this Agreement as set forth in Exhibit C of the National City Servicing Agreement have been delivered to the Custodian.
The Master Servicer shall terminate the rights and obligations of any Designated Servicer under the related Designated Servicing Agreement, upon the failure of such Designated Servicer to perform any of its obligations under such Designated Servicing Agreement, which failure results in an event of default as provided in Section 8.01 of the National City Servicing Agreement, with respect to National City and as provided in Section 14.01 of the Nexstar Servicing Agreement, with respect to Nexstar.
The Master Servicer shall use its best reasonable efforts to cause the Company and the Servicer (to the extent required under this Agreement and the National City 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 (including any LPMI Policy) in accordance with the provisions of this Agreement and the National City Servicing Agreement, as applicable.
The related Master Servicer shall terminate the rights and obligations of National City under the National City Servicing Agreement, upon the failure of National City to perform any of its obligations under the National City Servicing Agreement, which failure results in an event of default as provided in the Section 10 of the National City Servicing Agreement.