Common use of Calculations With Respect to the Mortgage Loans Clause in Contracts

Calculations With Respect to the Mortgage Loans. Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Estate 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 provided by the Servicer to the Trust Administrator. Payments to be made by the Trust Administrator shall be based on information provided by the Servicer. The Trust Administrator shall not be required to recompute, verify or recalculate the information supplied to it by the Servicer.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Transfer and Servicing Agreement (SunTrust Mortgage Securitization, LLC)

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Calculations With Respect to the Mortgage Loans. Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Estate 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 provided by the Servicer to the Trust AdministratorMaster Servicer. Payments to be made by the Trust Administrator Indenture Trustee shall be based on information provided by the ServicerSecurities Administrator. The Trust Administrator Indenture Trustee shall not be required to recompute, verify or recalculate the information supplied to it by the Securities Administrator or the Servicer.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (HMB Acceptance Corp.)

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Calculations With Respect to the Mortgage Loans. Calculations required to be made pursuant to this Agreement with respect to any Mortgage Loan in the Trust Estate 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 provided by the Servicer to the Trust AdministratorLoans. Payments to be made by the Trust Administrator shall be based on information provided by the Servicer. The Trust Administrator shall not be required to recompute, verify or recalculate the information supplied to it by the Servicer.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Indymac Abs Inc), Sale and Servicing Agreement (Indymac MBS Inc)

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