Common use of Delivery of Updated Designated Servicing Agreement Schedules and Servicing Fee Advance Designated Servicing Agreement Schedules Clause in Contracts

Delivery of Updated Designated Servicing Agreement Schedules and Servicing Fee Advance Designated Servicing Agreement Schedules. The Administrator shall deliver to the Indenture Trustee an updated Schedule 1 or Schedule 2, as applicable, prior to the addition or deletion of any Servicing Agreement as a Designated Servicing Agreement or a Servicing Fee Advance Designated Servicing Agreement and the Indenture Trustee shall hold the most recently delivered version as the definitive Schedule 1 or Schedule 2, as applicable. The Administrator represents and warrants, as of the date hereof and as of the date any new Servicing Agreement is added as a Designated Servicing Agreement, that Schedule 1, as it may be updated by the Administrator from time to time and delivered to the Indenture Trustee, is a true, complete and accurate list of all Designated Servicing Agreements. The Administrator represents and warrants, as of the date hereof and as of the date any new Servicing Agreement is added as a Servicing Fee Advance Designated Servicing Agreement, that Schedule 2, as it may be updated by the Administrator from time to time and delivered to the Indenture Trustee, is a true, complete and accurate list of all Servicing Fee Advance Designated Servicing Agreements. In addition, the Administrator shall furnish to the Indenture Trustee an updated Schedule of Receivables on each Funding Date in electronic form, and the Indenture Trustee shall maintain the most recent Schedule of Receivables it receives, and send a copy to any Noteholder upon request.

Appears in 6 contracts

Samples: Subservicing Agreement (New Residential Investment Corp.), Indenture (Home Loan Servicing Solutions, Ltd.), Indenture (New Residential Investment Corp.)

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Delivery of Updated Designated Servicing Agreement Schedules and Servicing Fee Advance Designated Servicing Agreement Schedules. The Administrator shall deliver to the Indenture Trustee an updated Schedule 1 or Schedule 2, as applicable, prior to the addition or deletion of any Servicing Agreement as a Designated Servicing Agreement or a Servicing Fee Advance Designated Servicing Agreement and the Indenture Trustee shall hold the most recently delivered version as the definitive Schedule 1 or Schedule 2, as applicable. The Administrator represents and warrants, as of the date hereof and as of the date any new Servicing Agreement is added as a Designated Servicing Agreement, that Schedule 1, as it may be updated by the Administrator from time to time and delivered to the Indenture Trustee, is a true, complete and accurate list of all Designated Servicing Agreements. The Administrator represents and warrants, as of the date hereof and as of the date any new Servicing Agreement is added as a Servicing Fee Advance Designated Servicing Agreement, that Schedule 2, as it may be updated by 57 the Administrator from time to time and delivered to the Indenture Trustee, is a true, complete and accurate list of all Servicing Fee Advance Designated Servicing Agreements. In addition, the Administrator shall furnish to the Indenture Trustee an updated Schedule of Receivables on each Funding Date in electronic form, and the Indenture Trustee shall maintain the most recent Schedule of Receivables it receives, and send a copy to any Noteholder upon request.

Appears in 1 contract

Samples: Home Loan Servicing Solutions, Ltd.

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