Administration of Acquired REO Properties Sample Clauses

Administration of Acquired REO Properties. In addition to any other terms and conditions set forth herein, in connection with any Acquired REO Properties, the Servicer must, in each case subject to applicable instructions from the Manager and the Servicing Obligations, comply with the following terms and conditions:
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Administration of Acquired REO Properties. The following terms and conditions shall be binding on the Company and the Ownership Entities (and on the Manager’s performance of its obligations hereunder) with respect to any Acquired REO Properties, in addition to any other terms and conditions concerning the same subject matter set forth in this Agreement and any of the other Transaction Documents:

Related to Administration of Acquired REO Properties

  • Administrative Cost Recovery 3.1 In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may, following deposit of Contribution funds, deduct from such funds and retain for the Bank’s own account an amount equal to five percent (5.0%) of the Contributions.

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