File Request. In the event that an Investor, Insurer, State Agency or other governmental or regulatory authority requests delivery of the Mortgage File or other documentation in connection with a post-closing review of a Mortgage Loan or otherwise, and the complete Mortgage File has not been delivered to the Purchaser or its designee, the Purchaser shall promptly notify the Seller thereof in writing and the Seller shall, promptly upon notice of such request, deliver the requested documentation to the Purchaser.
File Request. In the event that an Investor or Insurer requests delivery of the Mortgage File or other documentation in connection with a review of a Mortgage Loan, the Purchaser shall promptly notify the Seller, and the Seller shall, promptly upon notice of such request, deliver the requested documentation to the Purchaser, or directly to such Investor or Insurer, provided, that Seller shall not be required to deliver any requested documentation not in its possession or which relates to the servicing of the applicable Mortgage Loan following the Servicing Transfer Date. The Purchaser shall be responsible for all requests of an Investor or Insurer relating to the servicing of a Mortgage Loan following the Servicing Transfer Date. If the Seller fails to fully comply with its obligations in this Section 5.12 with respect to any Mortgage Loan within thirty (30) days after notice from the Purchaser, the Seller shall, upon demand by the Purchaser thereafter, pay to the Purchaser, within five (5) Business Days of such demand, the Servicing Rights Repurchase Price with respect to such Mortgage Loan. If the Seller fails to pay to the Purchaser the Servicing Rights Repurchase Price for the relevant Mortgage Loan, then the Purchaser may offset such amounts against Holdback Funds as determined by the Purchaser in its sole and absolute discretion. In addition, the Seller shall pay to the Purchaser a transfer administration fee of $1,500 for each Servicing Right subject to this Section 5.12. Simultaneously with the payment of the Servicing Rights Repurchase Price, the Purchaser shall transfer ownership of such Servicing Rights to the Seller, and shall promptly deliver all funds, Mortgage Loan Files, and servicing data with respect to such Mortgage Loan, deliver any notices to Mortgagors or other parties as required, and prepare and execute any necessary assignments of mortgage or transfers in MERS. The Seller shall cooperate in effecting such servicing transfer and shall thereafter be responsible to the Investor for servicing the related Mortgage Loan.
