Mortgage Servicing Sample Clauses

Mortgage Servicing. Inland Mortgage Servicing Corporation (“IMSC”) will service mortgages. IMSC will not be reimbursed for any expenses incurred in providing these services. ·
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Mortgage Servicing. The Vendor and the Corporation shall have entered into such mortgage servicing agreement or agreements, in a form mutually satisfactory to the Vendor and Purchaser (each acting in a commercially reasonable manner), as would be necessary to allow for the Vendor to continue to service the Vendor’s mortgages that are held by the Corporation, with such agreement or agreements providing, among other things, that (a) the Vendor shall be the only servicer for the implicated mortgages, (b) the Corporation shall be prohibited from sharing, selling or utilizing customer data pertaining to the mortgages except as provided therein or required by Applicable Law, (c) the fees to be charged thereunder shall be on prevailing market terms typically governing similar arrangements between similar parties, having regard to geography, volume, and other considerations, and (d) the Corporation shall be prohibited from transferring, selling or disposing of the mortgages in any manner without allowing the Vendor 30 days to exercise a right of first refusal with respect thereto, provided that, in the event the Vendor exercises its right of first refusal, the Vendor shall in good faith pay to the Purchaser the fair market value of the applicable mortgages, even if the value to be received by the Purchaser upon transferring, selling or disposing of such mortgages to the potential third party purchaser would have been less than the fair market value of such mortgages; provided further that, in the event that the Parties cannot agree upon the fair market value of such mortgages, the Parties will refer the determination of such fair market value to a third party valuator.
Sample 1
Mortgage Servicing. The Disclosure Schedule lists all mortgage loan servicing agreements and pooling and servicing agreements to which any Subsidiary is a party (the "Mortgage Servicing Agreements"). The Mortgage Servicing Agreements and the Regulations set forth all the terms and conditions of each Subsidiary's rights against and obligations to the other parties to such Mortgage Servicing Agreements with respect to mortgage loans, and there are no written or oral agreements that modify or amend any such Mortgage Servicing Agreement. All of the Mortgage Servicing Agreements are valid and binding contracts of the applicable Subsidiary, are in full force and effect, and are enforceable in accordance with their terms, except as enforcement thereof may be limited by general principles of equity (whether applied in a court of law or a court of equity) and by bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally. There is no default or breach under, or dispute regarding the material terms of, or claim of default or breach by any party under, any Mortgage Servicing Agreement, and no event has occurred which with the passage of time or the giving of notice of both would constitute a default or breach by any party under any such Mortgage Servicing Agreement or would permit termination, modification or acceleration of any such Mortgage Servicing Agreement. There is no pending or overtly threatened cancellation of any Mortgage Servicing Agreement, and the Company has not received indication that any party intends to terminate or is considering terminating its servicing relationship with any Subsidiary. No sanctions or penalties have been imposed on any Subsidiary under any Mortgage Servicing Agreement or any Regulation.
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Mortgage Servicing. To the extent requested to do so by INB for any particular mortgage, ICNY shall act as mortgage-servicing agent for specified mortgages (the "Mortgage Servicing Services"). The Mortgage Servicing Services shall include the collection of mortgages receivable, the payment of mortgages payable, the payment of property taxes, insurance premiums and other impositions for the mortgaged premises. ICNY agrees to perform all services as may be reasonably requested by INB hereunder and as may be mutually agreed by the parties to the best of its abilities and within reasonable time periods, and shall allocate sufficient time and resources to this end. Notwithstanding the foregoing, ICNY provides no warranties or guaranty of results with respect to any of its services, which may be performed under this Agreement.
Sample 1
Mortgage Servicing. To the extent requested to do so by INB for any ------------------- particular mortgage, IMC shall act as mortgage-servicing agent for specified mortgages (the "Mortgage Servicing Services"). The Mortgage Servicing Services shall include the collection of mortgages receivable, the payment of mortgages payable, the payment of property taxes, insurance premiums and other impositions for the mortgaged premises. IMC agrees to perform all services as may be reasonably requested by INB hereunder and as may be mutually agreed by the parties to the best of its abilities and within reasonable time periods, and shall allocate sufficient time and resources to this end. Notwithstanding the foregoing, IMC provides no warranties or guaranty of results with respect to any of its services, which may be performed under this Agreement.
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Mortgage Servicing. JALIC shall provide such servicing with respect to Mortgage Loans in which JALIC has acted as servicer immediately prior to the date hereof consistent and comparable with the servicing provided by JALIC with respect to such Mortgage Loans immediately prior to the date hereof. The Company and JALIC shall simultaneously herewith enter into an Interim Servicing Agreement regarding the servicing of mortgage loans.
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Mortgage Servicing. Inland Mortgage Servicing Corporation, or “IMSC,” will service mortgages for the Company, as requested by the Business Manager. ·
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Related to Mortgage Servicing

  • Loan Servicing The servicing practices used with respect to each Mortgage Loan have been in all material respects legal, proper, and prudent.

  • Mortgage Lessee does hereby agree to make reasonable modifications of this Lease requested by any Mortgagee of record from time to time, provided such modifications are not substantial and do not increase any of the Rents or obligations of Lessee under this Lease or substantially modify any of the business elements of this Lease.

  • Servicing The servicing and collection practices used by the Mortgage Loan Seller with respect to the Mortgage Loan have been, in all respects legal and have met with customary industry standards for servicing of commercial loans for conduit loan programs.

  • Master Servicer to Service Mortgage Loans For and on behalf of the Certificateholders, the Master Servicer shall service and administer the Mortgage Loans in accordance with the terms of this Agreement and customary and usual standards of practice of prudent mortgage loan servicers. In connection with such servicing and administration, the Master Servicer shall have full power and authority, acting alone and/or through Subservicers as provided in Section 3.02 hereof, subject to the terms hereof (i) to execute and deliver, on behalf of the Certificateholders and the Trustee, customary consents or waivers and other instruments and documents, (ii) to consent to transfers of any Mortgaged Property and assumptions of the Mortgage Notes and related Mortgages (but only in the manner provided in this Agreement), (iii) to collect any Insurance Proceeds and other Liquidation Proceeds (which, for the purpose of this Section, includes any Subsequent Recoveries), and (iv) to effectuate foreclosure or other conversion of the ownership of the Mortgaged Property securing any Mortgage Loan; provided that the Master Servicer shall not take any action that is inconsistent with or prejudices the interests of the Trust Fund or the Certificateholders in any Mortgage Loan or the rights and interests of the Depositor, the Trustee and the Certificateholders under this Agreement. The Master Servicer shall represent and protect the interests of the Trust Fund in the same manner as it protects its own interests in mortgage loans in its own portfolio in any claim, proceeding or litigation regarding a Mortgage Loan, and shall not make or permit any modification, waiver or amendment of any Mortgage Loan which would cause any REMIC created hereunder to fail to qualify as a REMIC or result in the imposition of any tax under Section 860F(a) or Section 860G(d) of the Code. Without limiting the generality of the foregoing, the Master Servicer, in its own name or in the name of the Depositor and the Trustee, is hereby authorized and empowered by the Depositor and the Trustee, when the Master Servicer believes it appropriate in its reasonable judgment, to execute and deliver, on behalf of the Trustee, the Depositor, the Certificateholders or any of them, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge and all other comparable instruments, with respect to the Mortgage Loans, and with respect to the Mortgaged Properties held for the benefit of the Certificateholders. The Master Servicer shall prepare and deliver to the Depositor and/or the Trustee such documents requiring execution and delivery by either or both of them as are necessary or appropriate to enable the Master Servicer to service and administer the Mortgage Loans to the extent that the Master Servicer is not permitted to execute and deliver such documents pursuant to the preceding sentence. Upon receipt of such documents, the Depositor and/or the Trustee shall execute such documents and deliver them to the Master Servicer. The Master Servicer further is authorized and empowered by the Trustee, on behalf of the Certificateholders and the Trustee, in its own name or in the name of the Subservicer, when the Master Servicer or the Subservicer, as the case may be, believes it appropriate in its best judgment to register any Mortgage Loan on the MERS(R) System, or cause the removal from the registration of any Mortgage Loan on the MERS(R) System, to execute and deliver, on behalf of the Trustee and the Certificateholders or any of them, any and all instruments of assignment and other comparable instruments with respect to such assignment or re-recording of a Mortgage in the name of MERS, solely as nominee for the Trustee and its successors and assigns. In accordance with the standards of the preceding paragraph, the Master Servicer shall advance or cause to be advanced funds as necessary for the purpose of effecting the payment of taxes and assessments on the Mortgaged Properties, which advances shall be reimbursable in the first instance from related collections from the Mortgagors pursuant to Section 3.06, and further as provided in Section 3.08. The costs incurred by the Master Servicer, if any, in effecting the timely payments of taxes and assessments on the Mortgaged Properties and related insurance premiums shall not, for the purpose of calculating monthly distributions to the Certificateholders, be added to the Stated Principal Balances of the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.

  • Assignment, Mortgage, Etc 11. Tenant, for itself, its heirs, distributees, executors, administrators, legal representative, successors and assigns, expressly covenants, that it shall not assign, mortgage or encumber this agreement, nor underlet, or suffer or permit the demised premises or any part thereof to be used by others, without the prior written consent of Owner in each instance. Transfer of the majority of the stock of a corporate Tenant or the majority interest in any partnership or other legal entity which is Tenant shall be deemed an assignment. If this lease be assigned, or if the demised premises or any part thereof be underlet or occupied by anybody other than Tenant, Owner may, after default by Tenant, collect rent from the assignee, undertenant or occupant, and apply the net amount collected to the rent herein reserved, but no such assignment, underletting, occupancy or collection shall be deemed a waiver of this covenant, or the acceptance of the assignee, undertenant or occupant as tenant, or a release of Tenant from the further performance by Tenant of covenants on the part of Tenant herein contained. The consent by Owner to an assignment or underletting shall not in any way be construed to relieve Tenant from obtaining the express consent in writing of Owner to any further assignment or underletting.

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