Interim Servicing. During the period from the Effective Date through the termination of the Transition Services Agreement with respect to each service provided by the Company thereunder, the Company has agreed to continue to provide certain Policyholder services for the Policies and the Post-Closing Policies.
Interim Servicing. With respect to Mortgages or portfolios of Mortgages designated by Xxxxxxx Mac as being serviced by Seller/Servicer as Interim Servicer:
Interim Servicing. For Mortgages or portfolios of Mortgages identified by Xxxxxxx Mac as serviced by Seller/Servicer under contract as Interim Servicer, Designated Custodian and Seller/Servicer will comply with the terms of this Agreement, provided that, Designated Custodian will xxxx Xxxxxxx Mac for the Services hereunder as set forth in Section 7(b).
Interim Servicing. The Seller shall, on behalf of Purchaser, service the Mortgage Loans for the benefit of Purchaser and the Investor during the period between the Sale Date and through close of business on the Transfer Date in accordance with all Applicable Requirements. In the performance of its duties and services hereunder, the Seller shall be an independent contractor acting in its own behalf and for its own account and without authority, expressed or implied, to act for or on behalf of Purchaser in any capacity other than that of an independent contractor, except as otherwise expressly set forth hereinabove, or as may be authorized by Purchaser in writing from time to time. Seller shall maintain, at its expense, throughout the term hereof for itself, fidelity and errors and omissions bond coverage covering all employees handling funds, monies, documents and papers with respect to the Mortgage Loans, all in accordance with the Applicable Requirements. Seller shall perform all of its obligations under this Section 5.2 at Seller’s sole cost and expense. Purchaser shall pay to Seller the Interim Subservicing Fee. The Seller shall also be entitled to retain as additional compensation any Ancillary Income received by the Seller during the period from the Sale Date to the Transfer Date, and the initial HAMP servicer incentive fee earned under HAMP guidelines and the Guides but not paid prior to the Transfer Date (provided, that Purchaser shall be entitled to any performance incentive fees under HAMP and the Guides thereafter). The Interim Subservicing Fee due to Seller shall be netted out of the payment of the Servicing Fee due to Purchaser, and the remaining portion of the Servicing Fee shall be remitted to the Purchaser on or before the 5th day of each month, by wiring to the account specified in Section 3.3. A report of the Servicing Fee and Interim Subservicing Fee, on a loan-level basis, shall be delivered to Purchaser within 30 calendar days after each calendar month end. The Interim Subservicing Fee is subject to verification by Purchaser within ten Business Days after receipt of Seller’s documentation.
Interim Servicing. During the period (the "Interim Servicing Period") commencing on the Closing Date and ending on August 1, 2003, or such other date as the Seller and the Servicer shall agree upon (the "Transfer Date"), the Seller shall service the Mortgage Loans on behalf of the Purchaser in accordance with the Purchaser's Servicing Guide in effect on the Closing Date. As compensation for servicing the Mortgage Loans during the Interim Servicing Period, the Seller shall be entitled to receive a fee of $7.00 per Mortgage Loan for each full calendar month during the Interim Servicing Period. With respect to any partial month the Seller services the Mortgage Loans on behalf of the Purchaser, the Seller shall be entitled to receive a pro rata portion of the monthly interim servicing fee. On or prior to the Servicing Transfer Date, the Seller shall have made files for each Mortgage Loan, that consist at least of the documents listed on Schedule 4 attached hereto (with respect to each Mortgage Loan, a "Servicing File", and collectively, the "Servicing Files") and shall deliver such Servicing File to the Purchaser. In connection with any Form 10-K Certification, filed pursuant to the Pooling and Servicing Agreement during the Interim Servicing Period, each of the Trustee and the Depositor shall provide the Servicer with a back-up certification substantially in the form attached hereto as Exhibit F.
Interim Servicing. (a) During the Interim Servicing Period, at Owner’s request and direction as set forth in this Section 2.01, each Interim Servicer shall perform the Interim Services (as defined below) on the Serviced Loans and Bank shall perform the Bank Collection Services (as defined below) on the Serviced Loans, in each case pursuant to the terms of this Agreement and in accordance with the Servicing Standards, other than as expressly contemplated by Section 7.01 of the Seller Disclosure Schedule, the Purchase Agreement or this Agreement. “
Interim Servicing. On or before the Closing Date, the Parties shall execute the Interim Servicing Agreement attached hereto as Exhibit 7. The Interim Servicing Agreement shall set for the rights and obligations of the parties regarding the servicing of the Mortgage Loans during the Interim Period.
Interim Servicing. For the period between the Effective Date and the Service Transfer Date, London Pacific agrees to continue to service and administer the Contracts in a manner consistent with its past practice, and to supply to FSL, on a timely basis, copies of accounting and other records pertaining to such contract service and administration when requested by FSL, or as may be required under the terms of this Agreement.
Interim Servicing. Simultaneously with the execution of this Agreement, Purchaser and Seller shall execute and deliver the Interim Servicing Agreement between Purchaser and Seller, providing for the servicing of the Mortgage Loans between the Sale Date and the applicable Transfer Date.
Interim Servicing. During the Interim Period, Seller shall subservice the Mortgage Loans on behalf of Purchaser in accordance with applicable Regulations and subject to the supervision and direction of Purchaser. Purchaser shall be entitled to the entire Servicing Compensation and any related ancillary income derived from the Servicing as and when payable under the Servicing Agreements. In addition, while the Custodial Accounts will be held by Seller during the Interim Period, Purchaser shall be entitled to the economic benefits associated with the Custodial Accounts, the details of which will be outlined in the Transitional Agreement.
