Common use of Automated Servicing Systems Clause in Contracts

Automated Servicing Systems. On the fifth (5th) day of the succeeding month after closing, The Seller shall set up, format, maintain and transmit to the Purchaser the Seller's mortgage servicer file and other electronic data storage and transmission systems related to the Mortgage Loans (collectively, the "Servicing Systems") in accordance with the guidelines and requirements set forth in Exhibit J attached hereto (the "Servicer Requirements"), and the Seller shall cooperate with Purchaser to receive data from the Purchaser that is to be incorporated in the Servicing Systems in accordance with the Servicer Requirements.

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Banc of America Funding 2006-6 Trust), Assignment and Assumption Agreement (Banc of America Funding 2006-5 Trust), And Servicing Agreement (Banc of America Funding 2006-5 Trust)

AutoNDA by SimpleDocs

Automated Servicing Systems. On the fifth (5th) day of the succeeding month after closing, The Seller shall set up, format, maintain and transmit to the Purchaser the Seller's ’s mortgage servicer file and other electronic data storage and transmission systems related to the Mortgage Loans (collectively, the "Servicing Systems") in accordance with the guidelines and requirements set forth in Exhibit J attached hereto (the "Servicer Requirements"), and the Seller shall cooperate with Purchaser to receive data from the Purchaser that is to be incorporated in the Servicing Systems in accordance with the Servicer Requirements.

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-1f), Warranties and Servicing Agreement (GSR Mortgage Loan Trust 2007-2f)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.