Xxxxxx Xxx Servicing Contract definition

Xxxxxx Xxx Servicing Contract means the Xxxxxx Mae Contract as defined in the Xxxxxx Xxx Acknowledgment Agreement.
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Xxxxxx Xxx Servicing Contract shall have the meaning set forth in Section 4.02(b).
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Xxxxxx Xxx Servicing Contract means the Mortgage Selling and Servicing Contract (as mentioned in the Xxxxxx Xxx Acknowledgment Agreement), the Xxxxxx Xxx Selling Guide, the Xxxxxx Xxx Servicing Guide and all supplemental servicing instructions or directives provided by Xxxxxx Xxx, all applicable master agreements, recourse agreements, repurchase agreements, indemnification agreements, loss-sharing agreements, and any other agreements between Xxxxxx Xxx and the Borrower, and all as amended, restated or supplemented from time to time, which rights include the right of Xxxxxx Xxx to terminate the Xxxxxx Xxx Servicing Contract with or without cause and the right to sell, or have transferred, the Xxxxxx Xxx MSRs.
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Examples of Xxxxxx Xxx Servicing Contract in a sentence

  • The Xxxxxx Xxx Servicing Contract has been executed on Fannie Mae’s standard forms, which incorporates the related Xxxxxx Xxx Agency Guide with no amendment to the Xxxxxx Xxx Servicing Contract that would xxxxx Xxxxxx Xxx additional or more favorable rights to terminate the servicer from those rights specified in the Xxxxxx Xxx Agency Guide.

  • The Xxxxxx Xxx Servicing Contract is in full force and effect, and Borrower has not been terminated as the servicer under the Xxxxxx Xxx Servicing Contract.

  • The Borrower shall maintain adequate financial standing, facilities, procedures and experienced personnel necessary for the prudent oversight of subservicers to ensure the sound servicing of mortgage loans of the same types as may from time to time constitute Mortgage Loans and in accordance, in all material respects, with Accepted Servicing Practices and the terms of the Xxxxxx Xxx Servicing Contract.

  • The Borrower shall not permit any of the Xxxxxx Xxx MSRs to be subject to any servicing contract or subservicing arrangement, unless such contract or arrangement is (i) permitted by the Xxxxxx Xxx Servicing Contract, (ii) with an Approved Subservicer pursuant to an Approved Subservicing Agreement and (iii) has been consented to in writing by the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed).

  • The Borrower shall, within [***] notify the Administrative Agent in the event that it has voluntarily relinquished or delivered notice of its intent to sell or transfer Xxxxxx Xxx Servicing Contract rights constituting more than [***] of the aggregate Xxxxxx Xxx Servicing Contract rights of the Borrower with respect to Xxxxxx Xxx, in each case without the Administrative Agent’s prior express written consent.

  • The Xxxxxx Xxx Servicing Contract is in full force and effect, and Guarantor has not been terminated as the servicer under the Xxxxxx Xxx Servicing Contract.

  • Any change to or default under the Xxxxxx Xxx Servicing Contract that would result in a Material Adverse Effect on the Borrower.

  • The Xxxxxx Xxx Servicing Contract has been executed on the Xxxxxx Xxx’s standard forms, which incorporates the Xxxxxx Xxx Agency Guide with no amendment to such Xxxxxx Xxx Servicing Contract that would xxxxx Xxxxxx Xxx additional or more favorable rights to terminate the servicer from those rights specified in the Xxxxxx Xxx Agency Guide.

  • There are no breaches or defaults under the Transaction Documents, the Acknowledgment Agreement or the Xxxxxx Xxx Servicing Contract.

  • The Borrower shall [***] notify the Administrative Agent in the event that it has voluntarily relinquished or delivered notice of its intent to sell or transfer Xxxxxx Xxx Servicing Contract rights constituting more than [***]% of the aggregate Xxxxxx Xxx Servicing Contract rights of the Borrower, in any event without the Administrative Agent’s prior express written consent.


More Definitions of Xxxxxx Xxx Servicing Contract

Xxxxxx Xxx Servicing Contract means the Xxxxxx Mae Mortgage Selling and Servicing Contract, the Xxxxxx Xxx Servicing Guide, the Xxxxxx Mae Selling Guide and all related supplemental servicing instructions or directives provided by Xxxxxx Xxx and all applicable master agreements, recourse agreements, repurchase agreements, loss sharing agreements and any indemnification agreements and any other agreements between Xxxxxx Mae and the Seller, all as amended, restated or supplemented from time to time.
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Related to Xxxxxx Xxx Servicing Contract

  • Servicing Contract means, with respect to any Person, the arrangement, whether or not in writing, under which that Person has the right to service Mortgage Loans.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Servicing Arrangement is defined in Section 11.06(b).

  • GreenPoint Servicing Agreement Solely with respect to the GreenPoint Mortgage Loans, the Master Loan Purchase and Servicing Agreement, dated as of March 1, 2003, between the Transferor, as purchaser, and GreenPoint, as seller and as servicer, and as the same may be amended further from time to time, and any assignments and conveyances related to the GreenPoint Mortgage Loans.

  • Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of the Closing Date, between the Seller, the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Subservicing Agreement The written contract between the Master Servicer and any Subservicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02, generally in the form of the servicer contract referred to or contained in the Program Guide or in such other form as has been approved by the Master Servicer and the Depositor.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

  • Back-Up Servicing Agreement means that certain Back-Up Servicing Agreement to be entered into by and among the Company, the Administrative Agent and the Back-Up Servicer, as such agreement may be amended, restated, supplemented or otherwise modified from time to time.

  • and Servicing Agreement Dated: Series#: Account#: Pool#: Loan#: MIN#: Borrower Name(s): Reason for Document Request: (circle one) Mortgage Loan Prepaid in Full Mortgage Loan Repurchased "We hereby certify that all amounts received or to be received in connection with such payments which are required to be deposited have been or will be so deposited as provided in the Pooling and Servicing Agreement." Residential Funding Corporation Authorized Signature ****************************************************************************** TO CUSTODIAN/TRUSTEE: Please acknowledge this request, and check off documents being enclosed with a copy of this form. You should retain this form for your files in accordance with the terms of the Pooling and Servicing Agreement.

  • Primary Servicing Agreement means, with respect to each Primary Servicer, the agreement between such Primary Servicer and the Master Servicer, dated as of August 1, 2004, under which such Primary Servicer services the Mortgage Loans and, if applicable, the Serviced Companion Loan set forth on the schedule attached thereto.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Subservicing Agreements As defined in Section 3.02(a).

  • CREFC® Servicer Watch List/Portfolio Review Guidelines As of each Determination Date a report, including and identifying each Performing Serviced Loan satisfying the “CREFC® Portfolio Review Guidelines” approved from time to time by the CREFC® in the “CREFC® Servicer Watch List” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form (including other portfolio review guidelines) for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Basic Servicing Agreement means the Amended and Restated Servicing Agreement, dated as of March 1, 2009, among MBFS USA, as lender and as servicer, Daimler Trust, as titling trust, and Daimler Title Co., as collateral agent.

  • Non-Lead Securitization Servicing Agreement shall have the meaning assigned to such term in Section 2(b).

  • Substitute Servicing Agreement means a servicing agreement that contains servicing provisions which are the same as or more favorable to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.

  • Non-Lead Servicing Agreement means the pooling and servicing agreement, trust and servicing agreement or other similar agreement to be entered into in connection with a Non-Lead Securitization Note.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Subservicing Fee As to any Mortgage Loan, the fee payable monthly to the related Subservicer (or, in the case of a Nonsubserviced Mortgage Loan, to the Master Servicer) in respect of subservicing and other compensation that accrues at an annual rate equal to the excess of the Mortgage Rate borne by the related Mortgage Note over the rate per annum designated on the Mortgage Loan Schedule as the "CURR NET" for such Mortgage Loan.

  • Transfer and Servicing Agreement means the Amended and Restated Transfer and Servicing Agreement dated as of May 1, 2007 among the Transferor, the Servicer, and the Indenture Trustee, as the same may be amended, modified or supplemented.

  • Master Servicer Servicing Personnel The divisions and individuals of the Master Servicer who are involved in the performance of the duties of the Master Servicer under this Agreement.

  • Delinquency Collection Policies and Procedures The delinquency collection policies and procedures of the Interim Servicer, a copy of which is attached to the Interim Servicing Agreement as Exhibit 11.

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.