Common use of Calculations Respecting Mortgage Loans Clause in Contracts

Calculations Respecting Mortgage Loans. Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Fund shall be made based upon current information as to the terms of the Mortgage Loans and reports of payments received from the Mortgagor on such Mortgage Loans and payments to be made to the Securities Administrator as supplied to the Securities Administrator by the Master Servicer, the Swap Counterparty or the Cap Counterparty. The Securities Administrator shall not be required to recompute, verify or recalculate the information supplied to it by the Master Servicer, the Servicer, the Swap Counterparty, the Cap Counterparty or the Credit Risk Manager.

Appears in 4 contracts

Samples: Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Wf2), Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Wf1), Trust Agreement (BNC Mortgage Loan Trust 2007-2)

AutoNDA by SimpleDocs

Calculations Respecting Mortgage Loans. Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Fund shall be made based upon current information as to the terms of the Mortgage Loans and reports of payments received from the Mortgagor on such Mortgage Loans and payments to be made to the Securities Administrator as supplied to the Securities Administrator by the Master Servicer, the Swap Counterparty or the Cap Counterparty. The Securities Administrator shall not be required to recompute, verify or recalculate the information supplied to it by the Master Servicer, the Servicer, the Swap Counterparty, the Cap Counterparty or the Credit Risk Manager.

Appears in 2 contracts

Samples: Trust Agreement (Sasco 2006-Wf1), Trust Agreement (Structured Asset Securities Corp)

Calculations Respecting Mortgage Loans. Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Fund shall be made based upon current information as to the terms of the Mortgage Loans and reports of payments received from the Mortgagor on such Mortgage Loans and payments to be made to the Securities Administrator as supplied to the Securities Administrator by the Master Servicer, the Swap Counterparty or the Cap Counterparty. The Securities Administrator shall not be required to recompute, verify or recalculate the information supplied to it by the Master Servicer, the any Servicer, the Swap Counterparty, the Cap Counterparty or the Credit Risk Manager.

Appears in 2 contracts

Samples: Trust Agreement (Sasco 2007-Eq1), Trust Agreement (BNC Mortgage Loan Trust 2007-1)

AutoNDA by SimpleDocs

Calculations Respecting Mortgage Loans. Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Fund shall be made based upon current information as to the terms of the Mortgage Loans and reports of payments received from the Mortgagor on such Mortgage Loans and payments to be made to the Securities Administrator Trustee as supplied to the Securities Administrator Trustee by the Master Servicer, the Swap Counterparty or the Cap Counterparty. The Securities Administrator Trustee shall not be required to recompute, verify or recalculate the information supplied to it by the Master Servicer, the Servicer, the Swap Counterparty, the Cap Counterparty or the Credit Risk Manager.

Appears in 1 contract

Samples: Trust Agreement (BNC Mortgage Loan Trust 2007-3)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!