Contract for Servicing Sample Clauses

Contract for Servicing. The Owner, by execution and delivery of this Agreement and the related Acknowledgment Agreement (including a related Mortgage Loan Schedule), does hereby contract with the Servicer for the Servicing of the Mortgage Loans subject to the terms of this Agreement. The Owner may request the Servicer to Service certain additional Mortgage Loans from time to time acquired by it through bulk acquisitions or other means, and each such request shall be evidenced by execution of a separate Acknowledgment Agreement (including a related Mortgage Loan Schedule) in the form attached hereto as Exhibit F.
View SourceView Similar (32)
Contract for Servicing. 14 2.02 [Reserved.].....................................................14 2.03
View SourceView Similar (15)
Contract for Servicing. Possession of ------------------------------------- Servicing Files. --------------- From time to time, the Owner, by execution and delivery of the related Acknowledgment Agreement, in the form attached hereto as Exhibit B, and the related Mortgage Loan Schedule, does hereby contract with the Servicer, subject to the terms of this Agreement, for the servicing of the Mortgage Loans. The Servicer has in its possession the Servicing Files with respect to the Mortgage Loans listed on the related Mortgage Loan Schedule and the Servicer shall hold the Servicing Files in trust for the Owner pursuant to this Agreement. Each Servicing File shall be held by the Servicer in order to service the Mortgage Loans pursuant to this Agreement and are and shall be held in trust by the Servicer for the benefit of the Owner as the owner thereof. The Servicer's possession of any portion of the Mortgage Loan documents shall be at the will of the Owner for the sole purpose of facilitating servicing of the related Mortgage Loan pursuant to this Agreement, and such retention and possession by the Servicer shall be in a custodial capacity only. The ownership of each Mortgage Note, Mortgage, and the contents of the Servicing File shall be vested in the Owner and the ownership of all records and documents with respect to the related Mortgage Loan prepared by or which come into the possession of the Servicer shall immediately vest in the Owner and shall be retained and maintained, in trust, by the Servicer at the will of the Owner in such custodial capacity only. The portion of each Servicing File retained by the Servicer pursuant to this Agreement shall be segregated from the other books and records of the Servicer and shall be appropriately marked to clearly reflect the ownership of the related Mortgage Loan by the Owner. The Servicer shall release from its custody the contents of any Servicing File retained by it only in accordance with this Agreement.
View SourceView Similar (2)
Contract for Servicing. The Corporation hereby contracts with the Servicer exclusively to perform the servicing of all Mortgage Loans originated or otherwise acquired by it on or after August 1, 1998 (or an earlier date mutually agreeable to the Servicer and the Corporation), that are not sold by the Corporation on a servicing released basis, in accordance with this Agreement, which Mortgage Loans shall be identified on Mortgage Loan Schedules delivered by the Corporation to the Servicer from time to time. Each Owner of Mortgage Loans, by executing a counterpart hereof or otherwise affirmatively adopting this Agreement, affirms its retention of Servicer to perform such servicing on the terms and conditions set forth herein. The Corporation agrees to encourage purchasers of loans sold by it on a servicing released basis to retain Servicer to service such Mortgage Loans.
View Source
Contract for Servicing. (a) Each Servicer, by execution and delivery of this Agreement, agrees to service the Mortgage Loans pursuant to this Agreement and in all cases in accordance with Accepted Servicing Practices and Accepted Special Servicing Practices, as applicable. (b) Any funds received on or in connection with a Mortgage Loan by a Servicer shall be received and held by such Servicer in accordance with this Agreement and pursuant to Accepted Servicing Practices or Accepted Special Servicing Practices, as applicable, for the benefit of the Bondholders and the related Mortgagor as their respective interests may appear and as provided in this Agreement.
View Source
Contract for Servicing. (a) Each Servicer, by execution and delivery of this Servicing Agreement, agrees to service the Mortgage Loans pursuant to this Servicing Agreement and in all cases in accordance with Accepted Master Servicing Practices and Accepted Special Servicing Practices, as applicable. (b) Any funds received on or in connection with a Mortgage Loan by a Servicer shall be received and held by such Servicer in accordance with this Servicing Agreement and pursuant to Accepted Master Servicing Practices or Accepted Special Servicing Practices, as applicable, for the benefit of the Bondholders and the related Mortgagor as their respective interests may appear and as provided in this Servicing Agreement. (c) The Indenture Trustee and the Fiscal Agent shall implement modifications to their respective existing computer systems with the intention of being year 2000 ready. Each Servicer shall either (i) implement modifications to their respective existing computer systems to the extent required to cause them to be year 2000 ready, or (ii) acquire computer systems that are year 2000 ready, in each case prior to October 1, 1999.
View Source
Contract for Servicing. SECTION 3.02
View Source
Contract for Servicing. The Corporation hereby contracts with the Subservicer exclusively to perform the servicing of all Mortgage Loans, in accordance with this Agreement, which Mortgage Loans shall be identified on Mortgage Loan Schedules delivered by the Corporation to the Subservicer from time to time and Subservicer agrees to provide such servicing as provided herein.
View Source
Contract for Servicing. 14 2.02 [Reserved.] 14 2.03
View Source

Related to Contract for Servicing

  • Contract for Services This Contract results from a “sole source” procurement under State of Vermont Administrative Bulletin 3.5 process and Contractor hereby certifies that it is and will remain in compliance with the campaign contribution restrictions under 17 V.S.A. § 2950. MAXIMUM LIMITING AMOUNT $ *** PROJECT DESCRIPTION: ***

  • Release for Servicing From time to time and as appropriate for the enforcement or servicing any of the Collateral, the Collateral Custodian is hereby authorized (unless and until such authorization is revoked by the Administrative Agent), upon written receipt from the Servicer of a request for release of documents and receipt in the form annexed hereto as Exhibit H to release to the Servicer the related Required Asset Documents or the documents set forth in such request and receipt to the Servicer. All documents so released to the Servicer shall be held by the Servicer in trust for the benefit of the Administrative Agent in accordance with the terms of this Agreement. The Servicer shall return to the Collateral Custodian the Required Asset Documents or other such documents (i) immediately upon the request of the Administrative Agent, or (ii) when the Servicer’s need therefor in connection with such foreclosure or servicing no longer exists, unless the Asset shall be liquidated, in which case, upon receipt of an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Collateral Custodian in the form annexed hereto as Exhibit H, the Servicer’s request and receipt submitted pursuant to the first sentence of this subsection shall be released by the Collateral Custodian to the Servicer.

  • Contract for Servicing; Possession of Servicing Files The Seller, by execution and delivery of this Agreement, does hereby contract with the Servicer, subject to the terms of this Agreement, for the servicing of the Mortgage Loans. On or before the Closing Date or Servicing Transfer Date, as applicable, the Seller shall cause to be delivered the Servicing Files with respect to the Mortgage Loans listed on the Mortgage Loan Schedule to the Servicer. Each Servicing File delivered to a Servicer shall be held in trust by such Servicer for the benefit of the Trustee; provided, however, that the Servicer shall have no liability for any Servicing Files (or portions thereof) not delivered by the Seller. The Servicer’s possession of any portion of the Mortgage Loan documents shall be at the will of the Trustee for the sole purpose of facilitating servicing of the related Mortgage Loan pursuant to this Agreement, and such retention and possession by the Servicer shall be in a custodial capacity only. The ownership of each Mortgage Note, Mortgage, and the contents of the Servicing File shall be vested in the Trustee and the ownership of all records and documents with respect to the related Mortgage Loan prepared by or which come into the possession of the Servicer shall immediately vest in the Trustee and shall be retained and maintained, in trust, by the Servicer at the will of the Trustee in such custodial capacity only. The portion of each Servicing File retained by the Servicer pursuant to this Agreement shall be segregated from the other books and records of the Servicer and shall be appropriately marked to clearly reflect the ownership of the related Mortgage Loan by the Trustee. The Servicer shall release from its custody the contents of any Servicing File retained by it only in accordance with this Agreement.

  • Agreement Not a Contract for Services Neither the Plan, the granting of the Restricted Shares, this Restricted Share Agreement nor any other action taken pursuant to the Plan shall constitute or be evidence of any agreement or understanding, express or implied, that the Participant has a right to continue to provide services as an officer, director, employee, consultant or advisor of the Company or any Subsidiary or Affiliate for any period of time or at any specific rate of compensation.

  • Assignment of Master Servicing The Master Servicer may sell and assign its rights and delegate its duties and obligations in its entirety as Master Servicer under this Agreement; provided, however, that: (i) the purchaser or transferee accept in writing such assignment and delegation and assume the obligations of the Master Servicer hereunder (a) shall have a net worth of not less than $25,000,000 (unless otherwise approved by each Rating Agency pursuant to clause (ii) below); (b) shall be reasonably satisfactory to the Trustee (as evidenced in a writing signed by the Trustee); and (c) shall execute and deliver to the Trustee an agreement, in form and substance reasonably satisfactory to the Trustee, which contains an assumption by such Person of the due and punctual performance and observance of each covenant and condition to be performed or observed by it as master servicer under this Agreement, any custodial agreement from and after the effective date of such agreement; (ii) each Rating Agency shall be given prior written notice of the identity of the proposed successor to the Master Servicer and each Rating Agency’s rating of the Certificates in effect immediately prior to such assignment, sale and delegation will not be downgraded, qualified or withdrawn as a result of such assignment, sale and delegation, as evidenced by a letter to such effect delivered to the Master Servicer and the Trustee; and (iii) the Master Servicer assigning and selling the master servicing shall deliver to the Trustee an Officer’s Certificate and an Opinion of Independent counsel, each stating that all conditions precedent to such action under this Agreement have been completed and such action is permitted by and complies with the terms of this Agreement. No such assignment or delegation shall affect any liability of the Master Servicer arising out of acts or omissions prior to the effective date thereof.