Servicing Contract Sample Clauses

Servicing Contract. An agreement between the Master Servicer and a Primary Servicer, Special Servicer or Subservicer relating to the servicing of Mortgage Loans. The Servicing Contract may be a general agreement that is entered into before or after the formation of any particular Trust, may include more than one written document (including a mortgage selling and servicing contract, a master agreement and any related pool purchase contract), and may apply to Mortgage Loans in one or more Pools and loans in Other Xxxxxx Xxx Trusts or owned by one or more other Persons.
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Servicing Contract. An agreement between the Master Servicer and a Direct Servicer or Subservicer that relates to the servicing of Mortgage Loans and is comprised of the mortgage selling and servicing contract (which incorporates the Guide), as the same may be amended from time to time by any other written agreements between the parties (including master agreements and any related pool purchase contracts). The Servicing Contract applies to the servicing of Mortgage Loans at time of delivery, and may apply to Mortgage Loans in one or more Pools and loans in other Xxxxxx Xxx Trusts or loans owned by one or more other Persons.
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Servicing Contract. 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.
Sample 1Sample 2
Servicing Contract. The Ginnxx Xxx Xxxvicing Contract is in full force and effect, and Borrower has not been terminated as the servicer under the Ginnxx Xxx Xxxvicing Contract.
Sample 1
Servicing Contract. The Borrower has delivered to the Lender a true and complete copy of the Servicing Contract and all amendments thereto (in each case, to the extent requested by the Lender), other than the Guide or other information publicly available on or through Xxxxxxx Mac’s website.
Sample 1
Servicing Contract. The representations and warranties with respect to the related Servicing Contract set forth on Schedule 1-A are true and correct in all material respects.
Sample 1
Servicing Contract. 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.
Sample 1
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Servicing Contract. The Fannie Mae Servicing Contract is in full force and exxxxx, and Borrower has not been terminated as the servicer under the Fannie Mae Servicing Contract.
Sample 1

Related to Servicing Contract

  • Subservicing (a) The Master Servicer may arrange for the subservicing of any Mortgage Loan by a subservicer (each, a "Subservicer") pursuant to a subservicing agreement (each, a "Subservicing Agreement"); provided that such subservicing arrangement and the terms of the related Subservicing Agreement must provide for the servicing of such Mortgage Loans in a manner consistent with the servicing arrangements contemplated hereunder. Notwithstanding the provisions of any Subservicing Agreement, any of the provisions herein relating to agreements or arrangements between the Master Servicer or a Subservicer or reference to actions taken through the Master Servicer or otherwise, the Master Servicer shall remain obligated and liable to the Depositor, the Trust, the Trustee and the Certificateholders for the servicing and administration of the Mortgage Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such Subservicing Agreements or arrangements or by virtue of indemnification from the Subservicer and to the same extent and under the same terms and conditions as if the Master Servicer alone were servicing and administering the Mortgage Loans, and neither the Trustee nor any other party shall have any obligations, duties or liabilities with respect to such Subservicer, including any obligation, duty or liability of the Trustee or any other party to pay such Subservicer's fees and expenses. For purposes of remittance to the Trustee pursuant to this Agreement, the Master Servicer shall be deemed to have received a payment on a Mortgage Loan when a Subservicer has received such payment. The Master Servicer shall be entitled to enter into an agreement with a Subservicer to provide for the delivery of reports and for indemnification of the Master Servicer by such Subservicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification. Every subservicing agreement entered into by the Master Servicer shall contain a provision giving the Master Servicer the option to terminate such agreement and at the Master Servicer's option, service the related Mortgage Loans itself pursuant to this Agreement or arrange for any servicing responsibilities to be performed pursuant to the applicable Subservicing Agreement by a successor Subservicer. Any costs and expenses relating to such termination and transfer of servicing shall be the sole expense of the Master Servicer, without any right to reimbursement from the Master Servicer Collection Account or the Distribution Account. In the event that the Trustee as successor master servicer terminates a Subservicing Agreement, the Trustee is entitled to be reimbursed for any costs and expenses it may incur relating to such termination and transfer of servicing in accordance with Section 9.05 hereof. All actions of each Subservicer performed pursuant to the related Subservicing Agreement shall be performed as an agent of the Master Servicer with the same force and effect as if performed directly by the Master Servicer.

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