Delinquency Control Sample Clauses

Delinquency Control. Subservicer shall: (a) Maintain a delinquent mortgage servicing program which shall include an adequate accounting system that indicates the existence of delinquent Mortgages, a procedure that provides for sending delinquent notices, assessing late charges, and returning inadequate payments, and a procedure for the individual analysis of distressed or chronically delinquent loans; (b) Maintain a collection department and an on-line automated collection system that substantially complies with established FNMA collection guidelines; (c) Provide Owner/Servicer and Investor with a month-end collection and delinquency report identifying and describing the status of any delinquent loans, and from time to time as the need may arise, provide Owner/Servicer and Investor with loan service reports relating to any items of information which Subservicer is otherwise required to provide hereunder, or detailing any matters Subservicer believes should be brought to the special attention of Owner/Servicer and Investor; and (d) Upon the request of Owner/Servicer and Investor, assist in the foreclosure or other acquisition of the property relating to any Mortgage, the transfer of such property to the Investor, FHA or VA, as applicable, and the collection of any applicable mortgage insurance, and pending completion of these steps, protect such property from waste and vandalism. At the option of Investor, Investor may assign such Mortgage to Subservicer, which will then conduct all such proceedings in its own name, promptly thereafter assigning and conveying to the Investor any title, equity, or other property or right acquired by such proceedings. Subservicer will have title to the property conveyed in the name designated by Investor. Owner/Servicer agrees to reimburse Subservicer for all of its actual expenses so incurred under this paragraph, including, but not limited to, travel, court costs and attorneys’ fees, in accordance with Section 9.1 hereof.

Delinquency Control. The Servicer shall: (a) Be responsible for protecting the Owner’s interest in the Mortgage Loans by dealing quickly and effectively, in accordance with established FNMA, VA or FHA collection guidelines, as applicable, with the Mortgagors who are delinquent or in default. The Servicer’s delinquent mortgage servicing program shall include an adequate accounting system which will immediately and positively indicate the existence of delinquent Mortgage Loans, a procedure that provides for sending delinquent notices, assessing late charges, and returning inadequate payments, and a procedure for the individual analysis of distressed or chronically delinquent loans; (b) Maintain a collection department and an on-line automated collection system that substantially complies with established FNMA, FHA or VA collection guidelines, as applicable; and (c) Provide the Owner with a month-end collection and delinquency report identifying and describing the status of any delinquent loans, and from time to time as the need may arise, provide the Owner with loan service reports relating to any items of information which the Servicer is otherwise required to provide hereunder, or detailing any matters the Servicer believes should be brought to the special attention of the Owner.

Delinquency Control. Except as otherwise directed by the Company, the Servicer shall maintain a collection department that substantially complies with the Servicing Standard and protect the Company’s investment in the Loans in accordance with the Servicing Standard with Borrowers who are delinquent or in default.

Delinquency Control. The Servicer shall: (a) Be responsible for protecting the Trustee’s interest in the Mortgage Loans by dealing quickly and effectively, in accordance with established FNMA, VA or FHA collection guidelines, as applicable, (unless otherwise instructed by Bayview), with the Mortgagors who are delinquent or in default. The Servicer’s delinquent mortgage servicing program shall include an adequate accounting system which will immediately and positively indicate the existence of delinquent Mortgage Loans, a procedure that provides for sending delinquent notices, assessing late charges, and returning inadequate payments, and a procedure for the individual analysis of distressed or chronically delinquent loans; (b) Maintain a collection department and an on-line automated collection system that substantially complies with established FNMA, FHA or VA collection guidelines, as applicable; and

Delinquency Control. The Servicer shall: (a) Be responsible for protecting the Trustee’s interest in the Mortgage Loans by dealing quickly and effectively, in accordance with established FNMA, VA or FHA collection guidelines, as applicable, (unless otherwise instructed by Bayview), with the Mortgagors who are delinquent or in default. The Servicer’s delinquent mortgage servicing program shall include an adequate accounting system which will immediately and positively indicate the existence of delinquent Mortgage Loans, a procedure that provides for sending delinquent notices, assessing late charges, and returning inadequate payments, and a procedure for the individual analysis of distressed or chronically delinquent loans; (b) Maintain a collection department and an on-line automated collection system that substantially complies with established FNMA, FHA or VA collection guidelines, as applicable; and (c) Provide Bayview and the Master Servicer with a month-end collection and delinquency report identifying and describing the status of any delinquent loans, and from time to time as the need may arise, provide Bayview and the Master Servicer with loan service reports relating to any items of information which the Servicer is otherwise required to provide hereunder, or detailing any matters the Servicer believes should be brought to the special attention of Bayview and the Master Servicer.

Delinquency Control. The Servicer shall in accordance with the Servicing Standard: (a) Be responsible for protecting the Owner’s interest in the Assets by dealing effectively with the Borrowers who are delinquent or in default. The Servicer’s delinquent Asset servicing program shall include an adequate servicing tracking system which will immediately and positively indicate the existence of delinquent Assets, a procedure that provides for sending delinquent notices, and assessing late charges, and a procedure for the individual analysis of distressed or chronically delinquent Assets; (b) Maintain a collection department and an on-line automated collection system that substantially complies with the Servicer’s collection guidelines and the Servicing Standard; and (c) Provide the Owner with a month-end collection and delinquency report identifying any delinquent Assets, and from time to time as the need may arise, provide the Owner with Asset service reports relating to any items of information which the Servicer is otherwise required to provide hereunder, or detailing any matters the Servicer believes should be brought to the special attention of the Owner.

Delinquency Control. 123.1 All employer contributions and union deductions shall be remitted by the fifteenth (15th) day of the month following the month for which contributions and deductions were made to the administrator of LU 663 funds together with supporting information on a form as designated by LU 663 and MCAS. At no time shall the contributions, deductions, allowances and/or remittances be paid directly to the employee. If an employer does not have any employees in his employ, he shall submit a nil report in accordance with the above. The nil report shall only be required for the first month when no employees are working in subsequent months. 123.2 In the event, the employer fails to forward or deliver contributions and/or deductions with supporting information in accordance with 123.1 above, the employer shall pay liquidated damages of two (2%) percent of the arrears for each month or part thereof from the due date provided the employer has received ten (10) days prior written notice from the union to correct such delinquency and had not done so.

Delinquency Control. Subservicer shall: a. Maintain a delinquent mortgage servicing program which shall include an adequate accounting system that indicates the existence of delinquent Mortgage Loans, a procedure that provides for sending delinquency notices, assessing late charges, and returning inadequate payments, and a procedure for the individual analysis of distressed or chronically delinquent Mortgage Loans; b. Maintain a collection department, which includes an on-line automated collection system, that substantially complies with established FNMA collection guidelines; c. Provide Owner/Servicer and Investor with a month-end collection and delinquency report identifying and describing the status of any delinquent Mortgage Loans, and from time to time as the need may arise, provide Owner/Servicer and Investor with Mortgage Loan service reports relating to any items of information which Subservicer is otherwise required to provide hereunder, or detailing any matters Subservicer believes should be brought to the special attention of Owner/Servicer and Investor; and d. Upon the request of Owner/Servicer and Investor, administer the foreclosure or other acquisition of the Mortgaged Property relating to any Mortgage Loan, process claims for any applicable mortgage insurance and until the transfer of such Mortgaged Property to Investor, private mortgage insurer or FHA or VA, as applicable, use commercially reasonable efforts to protect such property from waste and vandalism. Subservicer will have title to the Mortgaged Property conveyed in the name designated by Investor.

Delinquency Control. Except as otherwise directed by the Manager, the Servicer, either itself or through a Subservicer, will maintain (and cause each applicable Subservicer to maintain) a collection department that complies with the Servicing Standard and protects the Company’s interests in the Assets and the Collateral in accordance with the Servicing Standard. For the avoidance of doubt, in the event that this obligation is satisfied through the maintenance of a collection department through a Subservicer, if such Subservicer is terminated or its mainteance of a collection department fails to meet the Servicing Standard at any time, the Servicer will continute to have an obligation to maintain a collection department.

Delinquency Control. The Servicer shall in accordance with the Servicing Standard: (a) Be responsible for protecting the Owner’s interest in the Assets by dealing effectively with the Borrowers who are delinquent or in default under the Asset Documents. The Servicer’s delinquent Asset servicing program shall include an adequate accounting system which will immediately and positively indicate the existence of delinquent Assets, a procedure that provides for sending of delinquent notices in compliance with the requirements of the Asset Documents and Applicable Requirements, and assessing late charges, and a procedure for the individual analysis of distressed or chronically delinquent Assets, provided that any reporting related to such individual analysis of distressed or chronically delinquent Assets not expressly provided in this Agreement or an Appendix shall be subject to Section 2.5(g); and (b) Maintain a collection department and an on-line automated collection system that complies with the Servicer’s collection guidelines and Applicable Requirements, as applicable.