Examples of WMMSC Serviced Mortgage Loan in a sentence
With respect to each WMMSC Serviced Mortgage Loan, WMMSC will furnish information regarding its borrower credit files to credit reporting agencies in compliance with the provisions of the Fair Credit Reporting Act and its implementing regulations applicable to WMMSC.
Notwithstanding anything in this Agreement to the contrary, the purchase of any WMMSC Serviced Mortgage Loan by any Person shall be subject to the rights of WMMSC to continue servicing such WMMSC Serviced Mortgage Loan for the same Servicing Fee substantially in accordance with the terms of this Agreement.
If directed by the Special Servicer and solely at the Special Servicer’s option, each Servicer, other than WMMSC (a “Transferring Servicer”), shall transfer the servicing of any Mortgage Loan (other than a WMMSC Serviced Mortgage Loan) 90 days or more delinquent to the Special Servicer.
If directed by the Special Servicer and solely at the Special Servicer’s option, each Servicer, other than WMMSC or Bank of America (a “Transferring Servicer”), shall transfer the servicing of any Mortgage Loan (other than a WMMSC Serviced Mortgage Loan or Bank of America Serviced Loan) 90 days or more delinquent to the Special Servicer.
With respect to any WMMSC Serviced Mortgage Loan, if the amount of Advances received from WMMSC is less than the amount required to be advanced by WMMSC, the Trust Administrator shall be obligated to make a payment in an amount equal to such deficiency, subject to any determination by the Trust Administrator that any portion of the amount required to be advanced is a Nonrecoverable Advance.
With respect to each WMMSC Serviced Mortgage Loan in Loan Group I, WMMSC will furnish information regarding its borrower credit files to credit reporting agencies in compliance with the provisions of the Fair Credit Reporting Act and its implementing regulations applicable to WMMSC.
The basis of this cost would be as quoted by the bidder in the Annexure XI (A)-Commercial Bid.It should be understood that payment under this clause will be made only if Change requests are exercised and approved by LIC and delivered by the Vendor.
As to each WMMSC Serviced Mortgage Loan, a per annum rate equal to 0.0025%.
With respect to any WMMSC Serviced Mortgage Loan, to the extent required by Accepted Servicing Practices, the Servicer shall be obligated to make Advances in accordance with the provisions of this Agreement; provided, however, that such obligation with respect to any WMMSC Serviced Mortgage Loan shall cease if the Servicer determines, in its reasonable opinion, that Advances with respect to such WMMSC Serviced Mortgage Loan are Nonrecoverable Advances.
With respect to each WMMSC Serviced Mortgage Loan in Loan Group V or Loan Group VI, WMMSC will furnish information regarding its borrower credit files to credit reporting agencies in compliance with the provisions of the Fair Credit Reporting Act and its implementing regulations applicable to WMMSC.