Common use of Pool Insurance Compliance Clause in Contracts

Pool Insurance Compliance. Where applicable, the Servicer shall be familiar with and shall satisfy all requirements of the applicable Pool Insurance policy with respect to a delinquent Borrower. The Servicer shall have adequate controls to assure timely filing of all notices to the appropriate Pool Insurer. Copies of all such notices shall be sent to the Master Servicer upon request. The Servicer shall prepare and file all appropriate claims with respect to the applicable Pool Insurance policy and the Servicer shall prepare and, upon request, deliver to the Master Servicer, copies of all claims forms and other papers received from or presented to any Pool Insurer in connection with any claims presented under any such policy.

Pool Insurance Compliance. Where applicable, the Servicer shall be familiar with and shall satisfy all requirements of the applicable Pool Insurance policy with respect to a delinquent Borrower. The Servicer shall have adequate controls to assure timely filing of all notices to the appropriate Pool Insurer. Copies of all such notices shall be sent to the Master Servicer upon request. The Servicer shall prepare and file all appropriate claims with respect to the applicable Pool Insurance policy policy, and the Servicer shall prepare and, upon request, and deliver to the Master Servicer, Servicer copies of all claims forms and other papers received from or presented to any Pool Insurer in connection with any claims presented under any such policy, unless the Servicer is otherwise instructed by the Master Servicer.