Examples of WMMSC Serviced Mortgage Loans in a sentence
Notwithstanding anything to the contrary contained in this Agreement, the Master Servicer shall have no obligations to master service or administer the WMMSC Serviced Mortgage Loans.
With respect to each Mortgage Loan (other than with respect to the WMMSC Serviced Mortgage Loans), the related Servicer, other than WMMSC, will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company, on a monthly basis.
In the event of any such arrangement, the Master Servicer, other than with respect to the WMMSC Serviced Mortgage Loans, or the related Servicer shall make Advances on the related Mortgage Loan in accordance with the provisions of Section 5.01 during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements.
WMMSC may, in connection with its duties as Servicer hereunder, enter into transactions with any of its Affiliates relating to the WMMSC Serviced Mortgage Loans; provided that (a) WMMSC acts (i) in accordance with Accepted Servicing Practices and the terms of this Agreement, and (ii) in the ordinary course of business of WMMSC; and (b) the terms of such transaction are no less favorable to WMMSC than it would obtain in a comparable arm’s-length transaction with a Person that is not an Affiliate of WMMSC.
With respect to each Mortgage Loan (other than with respect to the WMMSC Serviced Mortgage Loans), the Master Servicer and the related Servicer, other than WMMSC, will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company, on a monthly basis.
In the event of any such arrangement, the Master Servicer, other than with respect to WMMSC Serviced Mortgage Loans, or the related Servicer shall make Advances on the related Mortgage Loan in accordance with the provisions of Section 5.01 during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements.
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On or prior to the Closing Date, WMMSC shall establish and maintain one or more Custodial Accounts, as provided in the related Purchase and Servicing Agreement, into which all Scheduled Payments and unscheduled payments with respect to the WMMSC Serviced Mortgage Loans, net of any deductions or reimbursements permitted under the related Purchase and Servicing Agreements, shall be deposited.
In the event of any such arrangement, the Master Servicer, other than with respect to the WMMSC Serviced Mortgage Loans, or the related Servicer shall make Advances on the related Non-Designated Mortgage Loan in accordance with the provisions of Section 5.01 during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements.
With respect to each Non-Designated Mortgage Loan (other than with respect to the WMMSC Serviced Mortgage Loans), the Master Servicer and the related Servicer, other than WMMSC, will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its borrower credit files to Equifax, Experian and Trans Union Credit Information Company, on a monthly basis.