Covenants of the Servicers. Each Servicer hereby covenants to the Depositor and the Trustee for itself only as follows:
(a) such Servicer shall comply in the performance of its obligations under this Agreement, in all material respects with all reasonable rules and requirements of the insurer under each Primary Insurance Policy; and
(b) no written information, certificate of an officer, statement furnished in writing or written report delivered to the Depositor, any affiliate of the Depositor or the Trustee and prepared by such Servicer pursuant to this Agreement will contain any untrue statement of a material fact.
Covenants of the Servicers. (a) Each Servicer hereby covenants to each of the other parties to this Agreement as follows:
(i) Such Servicer shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the insurer under each Required Insurance Policy; and
(ii) No written information, certificate of an officer, statement furnished in writing or written report delivered to the Depositor, the Master Servicer, the Securities Administrator, the Backup Servicer or the Trustee, any affiliate of the Depositor, the Master Servicer, the Securities Administrator, the Backup Servicer or the Trustee and prepared by each Servicer pursuant to this Agreement will be inaccurate in any material respect, provided, however, that such Servicer shall not be responsible for inaccurate information provided to it by third parties.
Covenants of the Servicers. (a) Each Servicer hereby covenants to the Depositor and the Trustee for itself only as follows:
(i) such Servicer shall comply in the performance of its obligations under this Agreement, in all material respects with all reasonable rules and requirements of the insurer under each Primary Insurance Policy; and
(ii) no written information, certificate of an officer, statement furnished in writing or written report delivered to the Depositor, any affiliate of the Depositor or the Trustee and prepared by such Servicer pursuant to this Agreement will contain any untrue statement of a material fact.
(b) Each Servicer agrees to indemnify the Trust Fund, the Depositor and the Trustee for losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments and other costs and expenses imposed on or incurred by the Trust Fund, the Servicer, the Depositor or the Trustee, as a result of a breach of such Servicer’s covenants set forth above in Section 2.08(a).
Covenants of the Servicers. Each Servicer covenants and agrees that from and after the Closing Date and until the Termination Date:
Covenants of the Servicers. (a) Ocwen hereby covenants to each of the other parties to this Agreement as follows:
(i) Ocwen shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the insurer under each Required Insurance Policy;
(ii) no written information, certificate of an officer, statement furnished in writing or written report delivered to the Depositor or the Trustee, any affiliate of the Depositor or the Trustee and prepared by Ocwen pursuant to this Agreement will be inaccurate in any material respect, provided, however, that Ocwen shall not be responsible for inaccurate information provided to it by third parties.
(b) GreenPoint hereby covenants to each of the other parties to this Agreement as follows:
(i) GreenPoint shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the insurer under each Required Insurance Policy;
(ii) no written information, certificate of an officer, statement furnished in writing or written report delivered to the Depositor or the Trustee, any affiliate of the Depositor, or the Trustee and prepared by GreenPoint pursuant to this Agreement will be inaccurate in any material respect, provided, however, that GreenPoint shall not be responsible for inaccurate information provided to it by third parties.
Covenants of the Servicers. Each Servicer covenants and agrees that from and after the Closing Date and until the Termination Date:
(a) Ownership of Transferred Receivables and the Related Security. Such Servicer shall identify the Transferred Receivables and the Related Security clearly and unambiguously in its Servicing Records to reflect that such Transferred Receivables and the Related Security have been sold or contributed to the Seller and, following the Purchase of Purchaser Interests in such Transferred Receivables and the Related Security under this Agreement, are owned by the Administrative Agent for the benefit of the Purchaser.
Covenants of the Servicers. Each Servicer hereby covenants to each of the other parties to this Agreement as follows:
(a) such Servicer shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the insurer under each Required Insurance Policy, including, without limitation, the PMI Policy; and
(b) no written information, certificate of an officer, statement furnished in writing or written report delivered to the Depositor, Certificate Administrator, the PMI Insurer, the Loss Mitigation Advisor or the Trustee, any affiliate of the Depositor, Certificate Administrator, the PMI Insurer, the Loss Mitigation Advisor or the Trustee and prepared by such Servicer pursuant to this Agreement will be inaccurate in any material respect.
Covenants of the Servicers. Each Servicer hereby covenants to each of the other parties to this Agreement that such Servicer shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the insurer under each Required Insurance Policy.
Covenants of the Servicers
