Servicing Contract definition

Servicing Contract means, with respect to any Person, the arrangement, whether or not in writing, under which that Person has the right to service Mortgage Loans.

Servicing Contract means, with respect to any Person, the arrangement, whether or not in writing, pursuant to which such Person has the right to service Mortgage Loans.

Servicing Contract a contract or agreement purchased by the ------------------ Company or entered into by the Company for its own account (and not as nominee or subservicer), whether now existing or hereafter purchased or entered into, pursuant to which the Company services Mortgage Loans or Mortgage Loan pools for others.

Examples of Servicing Contract in a sentence

• The Guide or any Servicing Contract may be more restrictive than the Trust Documents.

• Changes can be made to the Guide or any Servicing Contract without the approval of any Holder, provided that such changes do not cause the Guide or a Servicing Contract to permit any activity with respect to any Mortgage Loan that conflicts with (other than being more restrictive than) a requirement of the Trust Documents.

• Servicing Advances may not be recovered out of Pool Proceeds except from amounts received with respect to the Mortgage Loan as to which such Servicing Advances were made, or as otherwise permitted under the related Mortgage Documents or Servicing Contract.

• If a change in the Guide or any Servicing Contract, as applied to a Mortgage Loan, would conflict with (other than being more restrictive than) a requirement of the Trust Documents, then that change will not be effective with respect to that Mortgage Loan unless that change is approved in the manner prescribed in Article XIV as if it were an Amendment of the Trust Documents.

• Representations and warranties required by us are described in the Mortgage Selling and Servicing Contract, the Fannie Mae Single-Family Selling Guide (the " Selling Guide"), the Fannie Mae Single-Family Servicing Guide (the "Servicing Guide") and other Lender Contracts.

More Definitions of Servicing Contract

Servicing Contract means each of the Xxxxxx Mae Lender Contract, the Xxxxxxx Mac Servicing Contract, and the Xxxxxx Mae Servicing Contract, as applicable.

Servicing Contract means any agreement, whether titled a “servicing agreement,” a “pooling and servicing agreement,” a “sale and servicing agreement,” or otherwise, pursuant to which any Grantor is obligated to perform collection, enforcement or foreclosure services with respect to, or to maintain and remit any funds collected from, persons obligated on any mortgage loan or pool of mortgage loans.

Servicing Contract means a contract or agreement purchased by NCCC or NCMC or entered into by NCCC or NCMC for its own account (and not as nominee or subservicer), whether now existing or hereafter purchased or entered into, pursuant to which NCCC or NCMC services Mortgage Loans or Mortgage Loan pools for Persons other than itself or the other Seller.

Servicing Contract means an arrangement, whether or not in writing, pursuant to which the Debtor has the right to service Student Loans for other Persons.

Servicing Contract means any servicing contract pursuant to which the Borrower is servicing Mortgage Loans for and on behalf of Freddie Mac in connection with one or more mortgage pools subject to the Agreement, each as amended, supplemented, restated, or otherwise modified from time to time, including by the Freddie Mac Guide and the Xxxxxxx Xxx Xxxxxxxx Documents, as applicable.

Servicing Contract means each direct agreement with the owner of the subject Serviced Loans, as it may be amended from time to time, pursuant to which the Borrower services Serviced Loans.

Servicing Contract. A conxxxxx (including the WMMSC Servicing Guide to the extent incorporated by reference therein) between the WMMSC Master Servicer and a mortgage loan servicing institution relating to the servicing of some or all of the WMMSC Master Serviced Loans for the benefit of the Certificateholders, provided however that such contract is consistent with the servicing provisions of this Agreement.