Calculations of Net SRP and Net Funding SRP Sample Clauses

Calculations of Net SRP and Net Funding SRP. Fannie Mae’s calculation of net servicing release premium (“SRP”) and net funding SRP is based on information submitted by Licensee through the Licensed Application and information submitted by the servicer through the servicing-released component. Xxxxxx Xxx accepts no responsibility for the accuracy or completeness of such information and is entitled to rely on such information in calculating the net SRP and the net funding SRP and in collecting an amount equal to the net funding SRP from the servicer and remitting it to Licensee on behalf of the servicer (or in deducting an amount equal to any negative net funding SRP from the acquisition proceeds and remitting it to the servicer). Xxxxxx Xxx has no liability or responsibility if issues arise in connection with: i. the accuracy or completeness of the information that the Licensed Application uses to calculate the net SRP or the net funding SRP;
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