Common use of Errors and Omissions Insurance; Fidelity Bonds Clause in Contracts

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall for so long as it acts as Servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx or Freddie Mac for persons performing servicing for mortgage loans purchased by Xxxxxx Xxx or Freddie Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall for so long as it acts as Servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx or Freddie Xxxxxxx Mac for persons performing servicing for mortgage loans purchased by Xxxxxx Xxx Mae or Freddie Xxxxxxx Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall for so long as it acts as Servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx Mae or Freddie Xxxxxxx Mac for persons performing servicing for mortgage loans purchased by Xxxxxx Xxx Mae or Freddie Xxxxxxx Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall shall, for so long as it acts as Servicer servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder servicer hereunder, and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx or Freddie Xxxxxxx Mac for persons Persons performing servicing for mortgage loans purchased by Xxxxxx Xxx Mae or Freddie Xxxxxxx Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall use its reasonable best efforts to obtain a comparable replacement policy or bond from an insurer or issuer, issuer meeting the requirements set forth above as of the date of such replacement.

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall for so long as it acts as Servicer a servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as the Servicer hereunder and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx or Freddie Xxxxxxx Mac for persons performing servicing for mortgage loans purchased by Xxxxxx Xxx Mae or Freddie Xxxxxxx Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall shall, for so long as it acts as Servicer servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder servicer hereunder, and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx or Freddie Mac for persons performing servicing for mortgage loans purchased by Xxxxxx Xxx or Freddie Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall shall, for so long as it acts as Servicer servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder servicer hereunder, and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx or Freddie Mac for persons performing servicing for mortgage loans purchased by Xxxxxx Xxx or Freddie Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall obtain a comparable replacement 126 policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall shall, for so long as it acts as Servicer servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder servicer hereunder, and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx or Freddie Xxxxxxx Mac for persons performing servicing for mortgage loans purchased by Xxxxxx Xxx Mae or Freddie Xxxxxxx Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall shall, for so long as it acts as Servicer servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder servicer hereunder, and (b) a fidelity bond in respect of its 124 officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx or Freddie Mac for persons performing servicing for mortgage loans purchased by Xxxxxx Xxx or Freddie Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall use its reasonable best efforts to obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.. 125

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall shall, for so long as it acts as Servicer servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx FNMA or Freddie Mac for persons performing servicing for mortgage loans purchased pxxxxxxxd by Xxxxxx Xxx FNMA or Freddie Mac. In the event that any such policy or bond ceases to be in effectxx xxxect, the Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall for so long as it acts as Servicer servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx Fxxxxx Mae or Freddie Fxxxxxx Mac for persons performing servicing for mortgage loans purchased by Xxxxxx Xxx Fxxxxx Mae or Freddie Fxxxxxx Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.

Errors and Omissions Insurance; Fidelity Bonds. The Servicer shall for so long as it acts as Servicer servicer under this Agreement, obtain and maintain in force (a) a policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b) a fidelity bond in respect of its officers, employees and agents. Each such policy or policies and bond shall, together, comply with the requirements from time to time of Xxxxxx Xxx Mae or Freddie Xxxxxxx Mac for persons performing servicing for mortgage loans purchased by Xxxxxx Xxx Mae or Freddie Xxxxxxx Mac. In the event that any such policy or bond ceases to be in effect, the Servicer shall obtain a comparable replacement policy or bond from an insurer or issuer, meeting the requirements set forth above as of the date of such replacement.