Flood Certifications. The Company shall have obtained a life of loan, transferable flood certification contract for each Mortgage Loan and shall assign all such contracts to the Purchaser or, in the alternative, the Company shall notify the Purchaser as to any Mortgage Loans for which it has not procured the flood certification referenced above and shall pay to the Purchaser a fee for each such Mortgage Loan equal to the fee that is customarily charged for each such contract, as determined by the Purchaser in its reasonable discretion;
Appears in 5 contracts
Samples: Flow Servicing Agreement (GSAA Home Equity 2005-12), Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-3), Pooling and Servicing Agreement (Gsaa Home Equity Trust 2004-5)
Flood Certifications. The Company Seller shall have obtained a life of loan, transferable flood certification contract for each Mortgage Loan and shall assign all such contracts to the Purchaser or, in the alternative, the Company Seller shall notify the Purchaser as to any Mortgage Loans for which it has not procured the flood certification referenced above and shall pay to the Purchaser a fee for each such Mortgage Loan equal to the fee that is customarily charged for each such contract, as determined by the Purchaser in its reasonable discretion;
Appears in 4 contracts
Samples: Mortgage Loan Purchase Agreement (E Loan Inc), Mortgage Loan Purchase Agreement (ECC Capital CORP), Mortgage Loan Purchase and Interim Servicing Agreement (E Loan Inc)
Flood Certifications. The Company shall have obtained a paid in full, life of loan, transferable flood certification contract with a company reasonably acceptable to the Purchaser for each Mortgage Loan at no cost to the Purchaser and shall assign all each such contracts contract to the Purchaser or, in the alternative, the Company shall notify the Purchaser as to any Mortgage Loans for which it has not procured the flood certification referenced above and shall pay to the Purchaser a fee for each such Mortgage Loan equal to the fee that is customarily charged for each such contract, as determined by the Purchaser in its reasonable discretionPurchaser;
Appears in 1 contract
Samples: Mortgage Loan Purchase Agreement (Five Oaks Investment Corp.)