Examples of Servicing Period in a sentence
Additionally, the Exchange believes that prescribing connectivity protocols on either all Participants or categories of similarly situated Participants ensures that the Exchange makes these prescriptions in an objective manner.
Exhibit F to this Agreement provides the Interim Servicing Agreement between the Purchaser and the Prior Servicer for the Post Claim Servicing Period.
During the Post Claim Servicing Period, the Prior Servicer: (i) will remit to the Purchaser all principal and interest received net of any advances, (ii) will send invoices to Borrower until the Servicing Transfer Date, (iii) may pay real estate tax bills, (iv) may seek extensions of time or continuances in connection with foreclosures and bankruptcies, and (v) in conjunction with Purchasers, will send the Mortgagor Notification advising the Borrowers of the change of servicers.
The license granted in this Section 9.1 shall terminate on the later of (i) the Termination Date or (ii) the end of the Interim Servicing Period, if applicable.
During the Interim Servicing Period if any payment due under any Loan is not paid when the same becomes due and payable or Angel Oak becomes aware that the Mortgagor failed to perform any obligation under the Note or Mortgage and such failure continues beyond any applicable grace period, Angel Oak shall so notify Seller and take such action as directed by Seller in writing.