Duties of the Loss Mitigation Advisor Sample Clauses

Duties of the Loss Mitigation Advisor. The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Loss Mitigation Advisor. For and on behalf of the Depositor, the Trustee, the Guarantor and the Certificateholders, the Loss Mitigation Advisor will provide reports and recommendations concerning Mortgage Loans that are past due, as to which there has been commencement of foreclosure, as to which there has been forbearance in exercise of remedies which are in default, as to which any obligor is the subject of bankruptcy, receivership, or an arrangement of creditors, or which have become REO Properties. Such reports and recommendations will be based upon information provided pursuant to Loss Mitigation Advisory Agreements to the Loss Mitigation Advisor by the Servicers. The Loss Mitigation Advisor shall look solely to the Servicers for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and the Master Servicer shall have no obligation to provide any such information to the Loss Mitigation Advisor.
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Duties of the Loss Mitigation Advisor. For and on behalf of the Depositor, the Loss Mitigation Advisor shall provide reports and recommendations as to loss mitigation activities concerning Mortgage Loans that are past due, as to which there has been commencement of foreclosure, as to which there has been forbearance in exercise of remedies which are in default, as to which any obligor is the subject of bankruptcy, receivership, or an arrangement of creditors, or which have become REO Properties. Such reports and recommendations will be based upon information provided pursuant to Loss Mitigation Advisory Agreement. The Loss Mitigation Advisor shall look solely to the Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans.
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Duties of the Loss Mitigation Advisor. The Depositor appoints The Murrayhill Company as Loss Mitigation Advisor. For and on behalf of the Depositor, and the Trustee, the Loss Mitigation Advisor will provide reports and recommendations concerning Mortgage Loans that are past due, as to which there has been commencement of foreclosure, as to which there has been forbearance in exercise of remedies which are in default, as to which obligor is the subject of bankruptcy, receivership, or an arrangement of creditors, or as to which have become REO Properties, and as to the collection of any Prepayment Charges with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided to the Loss Mitigation Advisor pursuant to the Loss Mitigation Advisory Agreement and the Loss Mitigation Advisor shall look solely to the related Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans. If the Loss Mitigation Advisor is no longer able to perform its duties hereunder, the Depositor shall terminate the Loss Mitigation Advisor and cause the appointment of a successor Loss Mitigation Advisor. Upon any termination of the Loss Mitigation Advisor or the appointment of a successor Loss Mitigation Advisor, the Depositor shall give written notice thereof to the Master Servicer, the Servicers, the Trustee and each Rating Agency. Notwithstanding the foregoing, the termination of the Loss Mitigation Advisor pursuant to this Section 3.28 shall not become effective until the appointment of a successor Loss Mitigation Advisor.
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Duties of the Loss Mitigation Advisor. The Depositor appoints The Murrayhill Company as Loss Mitigation Advisor. For and on behalf of the Depositor, and the Trustee, the Loss Mitigation Advisor will provide reports and recommendations concerning Mortgage Loans that are past due, as to which there has been commencement of foreclosure, as to which there has been forbearance in exercise of remedies which are in default, as to which obligor is the subject of bankruptcy, receivership, or an arrangement of creditors, or as to which have become REO Properties. Such reports and recommendations will be based upon information provided to the Loss Mitigation Advisor pursuant to the Loss Mitigation Advisory Agreement and the Loss Mitigation Advisor shall look solely to the related Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans. If the Loss Mitigation Advisor is no longer able to perform its duties hereunder, the Depositor shall terminate the Loss Mitigation Advisor and cause the appointment of a successor Loss Mitigation Advisor. Upon any termination of the Loss Mitigation Advisor or the appointment of a successor Loss Mitigation Advisor, the Depositor shall give written notice thereof to the Seller, the Servicers, the Trustee and each Rating Agency. Notwithstanding the foregoing, the termination of the Loss Mitigation Advisor pursuant to this Section 3.19 shall not become effective until the appointment of a successor Loss Mitigation Advisor.
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Duties of the Loss Mitigation Advisor. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Loss Mitigation Advisor. For and on behalf of the Depositor, the Master Servicer, the Trustee and the Certificateholders, the Loss Mitigation Advisor will provide information and recommendations
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Duties of the Loss Mitigation Advisor. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Loss Mitigation Advisor. For and on behalf of the Depositor, the Master Servicer, the Trustee and the Certificateholders, the Loss Mitigation Advisor will provide information and recommendations concerning Mortgage Loans. All advice offered by the Loss Mitigation Advisor to the Master Servicer shall be kept confidential by the Loss Mitigation Advisor. The Loss Mitigation Advisor shall look solely to the Master Servicer for all information and data (including loss and delinquency information) and loan level information and data relating to the servicing of the Mortgage Loans and the Trustee shall not have any obligation to provide any such information to the Loss Mitigation Advisor.
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Duties of the Loss Mitigation Advisor. The Loss Mitigation Advisor will monitor the performance of and make recommendations to the applicable servicer regarding certain delinquent and defaulted Contracts and will report to the Depositor on the performance of such Contracts. Such reports and recommendations will be based upon information provided pursuant to the Loss Mitigation Advisory Agreement. The Loss Mitigation Advisor shall look solely to the Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Contracts.
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Duties of the Loss Mitigation Advisor. The Certificateholders, by their purchase and acceptance of the Certificates, appoint the Loss Mitigation Advisor. The parties hereto acknowledge that for and on behalf of the Depositor, the Trustee and the Certificateholders, the Loss Mitigation Advisor is required under the Loss Mitigation Advisor Agreement to provide reports and recommendations as to loss mitigation activities concerning Mortgage Loans that are past due, as to which there has been commencement of foreclosure, as to which there has been forbearance in exercise of remedies which are in default, as to which any obligor is the subject of bankruptcy, receivership, or an arrangement of creditors, or which have become REO Properties, and that such reports and recommendations will be based upon information provided to the Loss Mitigation Advisor by the Master Servicer pursuant to the Loss Mitigation Advisory Agreement. The parties hereto acknowledge that the Loss Mitigation Advisor shall look solely to the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans.
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Related to Duties of the Loss Mitigation Advisor

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