Common use of Fidelity Bond and Errors and Omissions Insurance Clause in Contracts

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy. Such Fidelity Bond and Errors and Omissions Insurance Policy shall be maintained with recognized insurers and shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac seller-servicer and shall by its terms not be cancelable without thirty days' prior written notice to the Trustee, the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy if (i) the Master Servicer and the NIMS Insurer so request and (ii) the Servicer is not an affiliate of Xxxxxx Brothers Inc. at the time of such request.

Appears in 3 contracts

Samples: Servicing Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc2), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1)

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Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy. Such Fidelity Bond and Errors and Omissions Insurance Policy shall be maintained with recognized insurers and shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac seller-servicer and shall by its terms not be cancelable without thirty days' prior written notice to the Trustee, the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy if (i) the Master Servicer and the NIMS Insurer so request and (ii) the Servicer is not an affiliate of Xxxxxx Brothers Inc. at the time of such request.

Appears in 2 contracts

Samples: Servicing Agreement (Structured Asset Securities Corp), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 Bc4)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy. Such Fidelity Bond and Errors and Omissions Insurance Policy shall be maintained with recognized insurers and shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx Mae or Xxxxxxx Mac seller-servicer and shall by its terms not be cancelable without thirty days' prior written notice to the Trustee, the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy if (i) the Master Servicer and the NIMS Insurer so request and (ii) the Servicer is not an affiliate of Xxxxxx Brothers Inc. at the time of such request.

Appears in 2 contracts

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-S2), Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 S1)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy. Such Fidelity Bond and Errors and Omissions Insurance Policy shall be maintained with recognized insurers and shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac Faxxxx Xax xr Frxxxxx Xac seller-servicer and shall by its terms not be cancelable without thirty days' prior written notice to the Trustee, the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy if (i) the Master Servicer and the NIMS Insurer so request and (ii) the Servicer is not an affiliate of Xxxxxx Brothers Lexxxx Xrothers Inc. at the time of such request.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Securities Corp. 2005 S-3)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy. Such Fidelity Bond and Errors and Omissions Insurance Policy shall be maintained with recognized insurers and shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac seller-servicer and shall by its terms not be cancelable without thirty days' prior written notice to the Trustee, the Master Servicer and the NIMS InsurerIndenture Trustee. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer Indenture Trustee a copy of each such bond and insurance policy if (i) the Master Servicer and the NIMS Insurer Indenture Trustee so request and (ii) the Servicer is not an affiliate of Xxxxxx Brothers Inc. at the time of such request.

Appears in 1 contract

Samples: Servicing Agreement (SASCO Mortgage Loan Trust 2004-Gel3)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy. Such Fidelity Bond and Errors and Omissions Insurance Policy shall be maintained with recognized insurers and shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx Fxxxxx Mxx or Xxxxxxx Fxxxxxx Mac seller-servicer and shall by its terms not be cancelable without thirty days' prior written notice to the Trustee, the Master Servicer and the NIMS InsurerIndenture Trustee. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer Indenture Trustee a copy of each such bond and insurance policy if (i) the Master Servicer and the NIMS Insurer Indenture Trustee so request and (ii) the Servicer is not an affiliate of Xxxxxx Lxxxxx Brothers Inc. at the time of such request.

Appears in 1 contract

Samples: Servicing Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2)

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Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy. Such Fidelity Bond and Errors and Omissions Insurance Policy shall be maintained with recognized insurers and shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac Fanxxx Xxe xx Frexxxx Xxc seller-servicer and shall by its terms not be cancelable without thirty days' prior written notice to the Trustee, the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy if (i) the Master Servicer and the NIMS Insurer so request and (ii) the Servicer is not an affiliate of Xxxxxx Brothers Lehxxx Xxothers Inc. at the time of such request.

Appears in 1 contract

Samples: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust 2005-6xs)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy. Such Fidelity Bond and Errors and Omissions Insurance Policy shall be maintained with recognized insurers and shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx Mae or Xxxxxxx Mac seller-servicer and shall by its terms not be cancelable without thirty days' prior written notice to the Trustee, the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer and the NIMS Insurer a copy of each such bond and insurance policy if (i) the Master Servicer and the NIMS Insurer so request and (ii) the Servicer is not an affiliate of Xxxxxx Brothers Inc. at the time of such request.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Securities Corp)

Fidelity Bond and Errors and Omissions Insurance. The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance Policy. Such Fidelity Bond and Errors and Omissions Insurance Policy shall be maintained with recognized insurers and shall be in such form and amount as would permit the Servicer to be qualified as a Xxxxxx Xxx or Xxxxxxx Mac seller-servicer and shall by its terms not be cancelable without thirty days' prior written notice to the Trustee, the Master Servicer and the NIMS Insurer. The Servicer shall be deemed to have complied with this provision if an affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer. The Servicer shall furnish to the Master Servicer Servicer, the Trustee and the NIMS Insurer a copy of each such bond and insurance policy if (i) the Master Servicer and the NIMS Insurer so request and (ii) the Servicer is not an affiliate of Xxxxxx Brothers Inc. at the time of such request.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc3)

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