Common use of Fidelity Bond; Errors and Omissions Insurance Clause in Contracts

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days’ prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 12 contracts

Samples: Distribution Instructions (Asset-Backed Pass-Through Certificates, Series 2005-R4), Pooling and Servicing Agreement (Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-W2), Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-R6)

AutoNDA by SimpleDocs

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Sec Inc Asset Back Cert Ser 2003 Ar1), Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc. Series 2005-R1), Pooling and Servicing Agreement (Argent Securities Inc Asset-Bk Pas Thru Cert Ser 2003-W2)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser xx xxxe xxe puxxxxxxx of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Thx Xxxxer Servixxx xxxll also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the Master Servicer unxxxx xhe Mastex Xxxxxcer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Thx Xxxxer Servixxx xxxll provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Argent Securities Inc Assset Back Pass THR Certs Ser 2003-W5), Pooling and Servicing Agreement (Argent Securities Inc Asset Back Pass THR Certs Ser 2004-W6), Pooling and Servicing Agreement (Argent Securities Inc Asset Backed Pass Thru Cer Ser 2003-W9)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Mac if it were the purchaser Freddie Max xx xt xxre txx xxxxhaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Max. The Xxx Master Servicer Xxxxxxxr shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Max, unless xxxess the Master Xxxxxx Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Max. The Xxx Master Servicer Xxxxxxxr shall provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc. Series 2005-R3), Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates Series 2005-R2), Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates Series 2004-R2)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser xx xxxe xxe puxxxxxxx of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Thx Xxxxer Servixxx xxxll also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the Master Servicer unxxxx xhe Mastex Xxxxxcer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Thx Xxxxer Servixxx xxxll provide the Trustee Trustee, the Certificate Insurer and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates Series 2004-W1), Pooling and Servicing Agreement (Argent Securities Inc Asst Back Pass THR Certs Ser 20003-W10), Pooling and Servicing Agreement (Argent Securities Inc Asset-Backed Pass-Through Certificates, Series 2004-W11)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Mac if it were the purchaser Freddie Mxx xx ix xere xxx xxxchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx. The Xxe Master Servicer Xxxxxxer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx, unless xxless the Master Xxxxxx Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx. The Xxe Master Servicer Xxxxxxer shall provide the Trustee Trust Administrator and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the TrusteeTrust Administrator. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc as-Bk Ps-Th Ct Sr 2002-1), Pooling and Servicing Agreement (Asset Backed Pass Through Certificates 2002-3), Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Ass Bk Pas THR Certs Ser 2002 2)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were ix xx xexx the purchaser xxxxxxxer of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Xxx Xxster Serxxxxx xhall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless xxxxxx the Master Servicer Masxxx Xxxvicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Xxxx xeasonablx xxxxxst, the Master Servicer shall provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-Whq2), Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-Whq2), Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-Wch1)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Upon reasonable request, the Master Servicer shall provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc. Series 2005-Whq2), Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-Whq1), Pooling and Servicing Agreement (Park Place Securities, Inc. Series 2005-Whq2)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Mac if it were the purchaser Freddie Max xx xt xxre txx xxxxhaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Max. The Xxx Master Servicer Xxxxxxxr shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Max, unless xxxess the Master Xxxxxx Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Max. The Xxx Master Servicer Xxxxxxxr shall provide the Trustee Trustee, the Certificate Insurer and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Certificates Series 2004-R7), Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Certificates Series 2004-R7)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser ix xxxx xxx purxxxxxx of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Xxxxxr Servicxx xxxxl also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the unlxxx xxe Master Servicer Xxxxxxer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Xxxxxr Servicxx xxxxl provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset Back Pass THR Certs Ser 2004-W5), Pooling and Servicing Agreement (Argent Securities Inc Asset Back Pass THR Certs Ser 2004-W5)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser of the Mortgage LoansLoaxx, unless xxlxxx the Master Xxxxxx Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall also maintain a fidelity fxxxxxxy bond in the form ix xxx xorm and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the Master Servicer has obtained a waiver wxxxxx of such requirements xxxxxxxments from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall provide the Trustee and Trustxx xxx the NIMS Insurer NIMX Xxxxxer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc.), Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Asset Backed Pass Through Certificates Series 2003-4), Pooling and Servicing Agreement (Ameriquest Mortgage Sec as-BCKD Pass-THR Cert Ser 2003-7)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac. The Upon reasonable request, the Master Servicer shall provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days’ prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-Whq4), Pooling and Servicing Agreement (Park Place Securities Inc. Asset Backed Pass Through Certificates Series 2005-Whq3)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser ix xxxx xxx purxxxxxx of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Xxxxxr Servicxx xxxxl also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the unlxxx xxe Master Servicer Xxxxxxer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Xxxxxr Servicxx xxxxl provide the Trustee Trustee, the NIMS Insurer (upon reasonable request) and the NIMS Certificate Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset Back Pass THR Certs Ser 2004 W3), Pooling and Servicing Agreement (Argent Securities Asset Bcked Pass Through Certs Ser 2004-W4)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall provide the Trustee Trustee, the NIMS Insurer (upon reasonable request) and the NIMS Certificate Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-Whq1)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Mac if it were the purchaser Freddie Mxx xx ix xere xxx xxxchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx. The Xxe Master Servicer Xxxxxxer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx, unless xxless the Master Xxxxxx Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx. The Xxe Master Servicer Xxxxxxer shall provide the Trustee Trustee, the Certificate Insurer and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Certificates Series 2004-R8)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall provide the Indenture Trustee and the NIMS Insurer Insurers (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Indenture Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Argent Securities Inc)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser of the xxx xuxxxaser xx xxx Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall also Mastex Xxxxicer shaxx xxxx maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the Master Servicer has thx Xxxxer Servixxx xxx obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall provide Mastex Xxxxicer shaxx xxxxide the Trustee Trustee, the Certificate Insurer and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset Back Pass THR Certs Ser 2004 W2)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Mac if it were the purchaser Freddie Mxx xx ix xere xxx xxxchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx. The Xxe Master Servicer Xxxxxxer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx, unless xxless the Master Xxxxxx Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx. The Xxe Master Servicer Xxxxxxer shall provide the Trustee Trustee, the Certificate Insurer (upon reasonable request) and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc. Asset-Backed Pass-Through Certificates Series 2004-R10)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall provide the Trustee Trustee, the Guarantor (upon reasonable request) and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-Wcw2)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall provide the Trustee Trustee, the Guarantor (upon reasonable request) and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days’ prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-R7)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser ix xxxx xxx purxxxxxx of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Xxxxxr Servicxx xxxxl also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the unlxxx xxe Master Servicer Xxxxxxer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Xxxxxr Servicxx xxxxl provide the Trustee Trustee, the Certificate Insurer and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset-Backed Pass-Through Certificates, Series 2004-W9)

AutoNDA by SimpleDocs

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser xx xxxe xxe puxxxxxxx of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Thx Xxxxer Servixxx xxxll also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the Master Servicer unxxxx xhe Mastex Xxxxxcer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Thx Xxxxer Servixxx xxxll provide the Trustee Trustee, the NIMS Insurer (upon reasonable request) and the NIMS Certificate Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset Back Thru Cert Series 203-W6)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser of the Mortgage LoansLoxxx, unless the Master xnxxxs thx Xxxxxr Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall also maintain a fidelity xxxxxxty bond in the xx xxx form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the Master Servicer has obtained a waiver xxxxxx of such requirements xxxxxxements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall provide the Trustee Trusxxx, xhe Certixxxxxx Insurer (upon reasonable request) and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser of the Mortgage LoansLoxxx, unless the Master xnxxxs thx Xxxxxr Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall also maintain a fidelity xxxxxxty bond in the xx xxx form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the Master Servicer has obtained a waiver xxxxxx of such requirements xxxxxxements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall provide the Trustee and Trusxxx xxd the NIMS Insurer NIXX Xxxxrer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Securities Inc)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac Fannie Mae if it were the purchaser txx xxxcxxxer of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx MacFannie Mae. The Master Servicer Xxxxxxer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx MacFannie Mae, unless the Master Servicer Xxxxxx Xxxvicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx MacFannie Mae. The Master Servicer Xxxxxxer shall provide the Trustee Trustee, the Guarantor (upon reasonable request) and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates, Series 2004-R12)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fxxxxx Mxx or Xxxxxxx Fxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Fxxxxxx Mac. The Master Servicer shall provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions Upon request of the Trustee, the Servicer shall cause to be delivered to the Trustee proof of coverage of the policy and fidelity bond a statement from the surety and insurer that the surety and insurer shall by its terms not be cancelable without endeavor to notify the Trustee within thirty days’ (30) days prior written notice to the Trusteepolicy’s termination or material modification. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GE-WMC Asset-Backed Pass-Through Trust, Series 2006-1)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Upon reasonable request, the Servicer shall provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-Wll1)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser of the xxx xuxxxaser xx xxx Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall also Mastex Xxxxicer shaxx xxxx maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the Master Servicer has thx Xxxxer Servixxx xxx obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall provide Mastex Xxxxicer shaxx xxxxide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset-Backed Pass-Through Certificates Series 2004-W7)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Servicing Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Servicing Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fxxxxx Mxx or Xxxxxxx Fxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Fxxxxxx Mac. The Master Upon reasonable request, the Servicer shall provide the Indenture Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Indenture Trustee. The Master Servicer shall also cause each Sub-Servicer Subservicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Servicing Agreement (GE-WMC Mortgage Securities, L.L.C.)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were xx xxxe the purchaser puxxxxxxx of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Thx Xxxxer Servixxx xxxll also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the Master Servicer unxxxx xhe Mastex Xxxxxcer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Thx Xxxxer Servixxx xxxll provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset Back Pass THR Certs Ser 2003-W4)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac if it were the purchaser ix xxxx xxx purxxxxxx of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Xxxxxr Servicxx xxxxl also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, unless the unlxxx xxe Master Servicer Xxxxxxer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac. The Master Servicer shall Xxxxxr Servicxx xxxxl provide the Trustee and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.The

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Argent Sec Inc Asset Backed Pas THR Cer Ser 2003-Wi)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Mac if it were the purchaser Freddie Mxx xx ix xere xxx xxxchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx. The Xxe Master Servicer Xxxxxxer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx, unless xxless the Master Xxxxxx Servicer has obtained a waiver of such requirements from Xxxxxx Fannie Mae or Xxxxxxx MacFreddie Mxx. The Xxe Master Servicer Xxxxxxer shall provide the Trustee Trustee, the NIMS Insurer (upon reasonable request) and the NIMS Certificate Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Certificates Series 2004-R6)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall provide the Trust Administrator, the Trustee and the NIMS Insurer (upon reasonable request) with a certificate of insurance or copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond coverage shall by its terms not be cancelable without thirty days' prior written notice to the Trust Administrator and the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-Wwf1)

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall keep in force during the term of this Agreement a policy or policies of insurance covering errors and omissions for failure in the performance of the Master Servicer’s 's obligations under this Agreement, which policy or policies shall be in such form and amount that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac if it were the purchaser of the Mortgage Loans, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac, unless the Master Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. The Master Servicer shall provide the Trustee Trustee, the Certificate Insurer and the NIMS Insurer (upon reasonable request) with copies of any such insurance policies and fidelity bond. The Master Servicer shall be deemed to have complied with this provision if an Affiliate of the Master Servicer has such errors and omissions and fidelity bond coverage and, by the terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Master Servicer. Any such errors and omissions policy and fidelity bond shall by its terms not be cancelable without thirty days' prior written notice to the Trustee. The Master Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Certificates Series 2004-R9)

Time is Money Join Law Insider Premium to draft better contracts faster.