Approved Servicer Sample Clauses

POPULAR SAMPLE Copied 1 times
Approved Servicer. Countrywide is an approved servicer for each Agency in good standing. No event has occurred, including a change in insurance coverage, which would make Countrywide unable to comply with Fannie Mae, Freddie Mac eligibility requirements;
View SourceView Similar (7)
Approved Servicer. Other than as disclosed to the Lender Agent prior to the Closing Date, with respect to the Guarantors (other than ResCap) only, each such Guarantor is approved by ▇▇▇▇▇▇ ▇▇▇ as an approved lender, and GMAC Mortgage is approved by each of ▇▇▇▇▇▇▇ Mac and ▇▇▇▇▇▇ ▇▇▇ as an approved seller, HUD pursuant to Sections 203 and 211 of the National Housing Act, the FHA as an FHA Approved Mortgagee and Servicer, and the VA as a VA Approved Lender. GMAC Mortgage is approved by ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇ ▇▇▇ as an approved servicer. In each such case, (w) each such Guarantor is in good standing with ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA, and/or the VA, as applicable, (x) no Guarantor has received from ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA or the VA any notice revoking or suspending, or indicating any adverse fact or circumstance which could reasonably be expected to entitle ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA or the VA, as the case may be, to revoke or suspend any of the aforementioned approvals, and (y) each FHA Insurance Contract and VA Guaranty Agreement applicable to the Guarantors (other than ResCap) or their Subsidiaries is in full force and effect.
View SourceView Similar (2)
Approved Servicer. Ocwen is approved and in good standing with ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇▇ Mac as a servicer of mortgage loans.
View SourceView Similar (6)
Approved Servicer. Except as disclosed to the Lender Agent prior to the Amendment Closing Date (i) with respect to the Borrowers only, each such Borrower is approved by ▇▇▇▇▇▇ Mae as an approved lender, (ii) GMACM is approved by each of ▇▇▇▇▇▇▇ Mac and ▇▇▇▇▇▇ Mae as an approved seller, HUD pursuant to Sections 203 and 211 of the National Housing Act, the FHA as an FHA Approved Mortgagee and Servicer, and the VA as a VA Approved Lender, (iii) each Borrower is approved by ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇ ▇▇▇ as an approved servicer, (iv) each Borrower is in good standing with ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA, and/or the VA, as applicable, (v) no circumstances exist that would either entitle ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA or the VA to revoke or suspend any such approvals or entitle ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ ▇▇▇ to terminate any Borrower as servicer for cause under any servicing arrangement, (vi) no Borrower has received from ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA or the VA any notice revoking or suspending, or indicating any intent to revoke or suspend, or indicating any adverse fact or circumstance which could reasonably be expected to entitle ▇▇▇▇▇▇▇ Mac, ▇▇▇▇▇▇ ▇▇▇, HUD, the FHA or the VA, as the case may be, to revoke or suspend any of the aforementioned approvals, and (vii) each FHA Insurance Contract and VA Guaranty Agreement applicable to the Borrowers or their Subsidiaries is in full force and effect. Notwithstanding the foregoing, with respect to each Borrower, if the failure of such Borrower to comply with any of clauses (i) through (vii) above could not reasonably be expected to have a Material Adverse Effect (including any material adverse change in the value, validity, enforceability or collectability of the ▇▇▇▇▇▇▇ Advances, such failure shall not constitute a breach of this Section 6.01(n).
View SourceView Similar (3)
Approved Servicer. Purchaser is an approved servicer of FHLMC, FMNA, and GNMA in good standing. No actions, suits or proceedings are pending or threatened against the Purchaser in any court or before any administrative agency, the outcome of which would have an adverse effect on Purchaser's ability to service the Loans under this Agreement. Purchaser will do nothing which would in any way adversely affect the Investors' approval hereto.
View Source
Approved Servicer. Servicer (i) meets all of the eligibility requirements set forth in Section 101.01 of the Guide and (ii) is (x) a mortgagee approved by HUD or (y) an institution whose deposit accounts are insured by the Federal Deposit Insurance Corporation.
View Source

Related to Approved Servicer

  • Third Party Servicer The Assuming Institution may perform any of its obligations and/or exercise any of its rights under this Single Family Shared-Loss Agreement through or by one or more Third Party Servicers, who may take actions and make expenditures as if any such Third Party Servicer was the Assuming Institution hereunder (and, for the avoidance of doubt, such expenses incurred by any such Third Party Servicer on behalf of the Assuming Institution shall be included in calculating Losses to the extent such expenses would be included in such calculation if the expenses were incurred by Assuming Institution); provided, however, that the use thereof by the Assuming Institution shall not release the Assuming Institution of any obligation or liability hereunder.

  • Subservicer Any Person with whom the Master Servicer has entered into a Subservicing Agreement and who generally satisfied the requirements set forth in the Program Guide in respect of the qualification of a Subservicer as of the date of its approval as a Subservicer by the Master Servicer.

  • Special Servicer The Controlling Noteholder, at its expense (including, without limitation, the reasonable costs and expenses of counsel to any third parties and costs and expenses of the terminated Special Servicer), shall have the right, at any time from time to time, to appoint a replacement Special Servicer with respect to the Mortgage Loan. The Controlling Noteholder shall be entitled to terminate the rights and obligations of the Special Servicer under the Servicing Agreement, with or without cause, upon at least ten (10) Business Days’ prior written notice to the Special Servicer (provided, however, that the Controlling Noteholder shall not be liable for any termination or similar fee in connection with the removal of the Special Servicer in accordance with this Section 5); such termination not be effective unless and until (A) each Rating Agency delivers a Rating Agency Confirmation (to the extent any portion of the Mortgage Loan has been securitized); (B) the initial or successor Special Servicer has assumed in writing (from and after the date such successor Special Servicer becomes the Special Servicer) all of the responsibilities, duties and liabilities of the Special Servicer under the Servicing Agreement from and after the date it becomes the Special Servicer as they relate to the Mortgage Loan pursuant to an assumption agreement reasonably satisfactory to the Trustee; and (C) the Trustee shall have received an opinion of counsel reasonably satisfactory to the Trustee to the effect that (x) the designation of such replacement to serve as Special Servicer is in compliance with the Servicing Agreement, (y) such replacement will be bound by the terms of the Servicing Agreement with respect to such Mortgage Loan and (z) subject to customary qualifications and exceptions, the applicable Servicing Agreement will be enforceable against such replacement in accordance with its terms. The Lead Securitization Noteholder shall promptly provide copies to any terminated Special Servicer of the documents referred to in the preceding sentence. The Lead Securitization Noteholder will reasonably cooperate with the Controlling Noteholder in order to satisfy the foregoing conditions, including the Rating Agency Confirmation. The Controlling Noteholder agrees and acknowledges that the Lead Securitization Servicing Agreement may contain provisions such that any Special Servicer could be terminated under the Lead Securitization Servicing Agreement based on a recommendation by the Operating Advisor if (A) the Operating Advisor determines, in its sole discretion exercised in good faith, that (1) the Special Servicer has failed to comply with the Servicing Standard and (2) a replacement of the Special Servicer would be in the best interest of the holders of securities issued under the Lead Securitization Servicing Agreement (as a collective whole) and (B) an affirmative vote of requisite certificateholders is obtained. The Controlling Noteholder will retain its right to remove and replace the Special Servicer, but the Controlling Noteholder may not restore a Special Servicer that has been removed in accordance with the preceding sentence.

  • STANDARD OF CARE AS FOREIGN CUSTODY MANAGER OF A PORTFOLIO In performing the responsibilities delegated to it, the Foreign Custody Manager agrees to exercise reasonable care, prudence and diligence such as a person having responsibility for the safekeeping of assets of management investment companies registered under the 1940 Act would exercise.

  • Servicing Programs No license or approval is required for the Administrative Agent’s use of any software or other computer program used by the Servicer, any Originator or any Sub-Servicer in the servicing of the Pool Receivables, other than those which have been obtained and are in full force and effect.