Common use of General Servicing Considerations Clause in Contracts

General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X Cash Collection and Administration timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X Investor Remittances and Reporting investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X ________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Pool Asset Administration maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support Assessments of Compliance and Attestation Reports Servicing Criteria Reg. AB Item 1122(d) Servicing Criteria Depositor Seller Servicer Trustee Xxxxx Fargo Bank, N.A. General Servicing Considerations monitoring performance or other triggers and events of default X [X] monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets [X] [X] fidelity bond and E&O policies in effect X [X] Cash Collection and Administration timing of deposits to custodial account X [X] wire transfers to investors by authorized personnel X [X] advances or guarantees made, reviewed and approved as required X [X] accounts maintained as required X [X] accounts at federally insured depository institutions X [X] unissued checks safeguarded [X] [X] monthly reconciliations of accounts X [X] ________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Investor Remittances and Reporting investor reports [X] remittances [X] [X] reconciliation of remittances and payment statements [X] Pool Asset Administration maintenance of pool collateral [X] [X] safeguarding of pool assets/documents X X additions, removals and substitutions of pool assets X X [X] posting and allocation of pool asset payments to pool assets X reconciliation of servicer records X modifications or other changes to terms of pool assets X loss mitigation and recovery actions X records regarding collection efforts X adjustments to variable interest rates on pool assets X matters relating to funds held in trust for obligors X payments made on behalf of obligors (such as for taxes or insurance) X late payment penalties with respect to payments made on behalf of obligors X records with respect to payments made on behalf of obligors X recognition and recording of delinquencies, charge-offs and uncollectible accounts X X

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-2)

AutoNDA by SimpleDocs

General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X Cash Collection and Administration timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X Investor Remittances and Reporting investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X ________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Pool Asset Administration maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support Assessments of Compliance and Attestation Reports Servicing Criteria Reg. AB Item 1122(d) Servicing Criteria Depositor Seller Servicer Trustee Xxxxx Fargo Bank, N.A. General Servicing Considerations monitoring performance or other triggers and events of default X [X] monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets [X] [X] fidelity bond and E&O policies in effect X [X] Cash Collection and Administration timing of deposits to custodial account X [X] wire transfers to investors by authorized personnel X [X] advances or guarantees made, reviewed and approved as required X [X] accounts maintained as required X [X] accounts at federally insured depository institutions X [X] unissued checks safeguarded [X] [X] monthly reconciliations of accounts X [X] ________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Assessments of Compliance and Attestation Reports Servicing Criteria* Reg. AB Item 1122(d) Servicing Criteria SERVICER TRUSTEE CUSTODIAN/ PAYING AGENT/ MASTER SERVICER/ TRUST ADMINISTRATOR General Servicing Considerations monitoring performance or other triggers and events of default X X monitoring performance of vendors of activities outsourced X X maintenance of back-up servicer for pool assets X fidelity bond and E&O policies in effect X X Cash Collection and Administration timing of deposits to custodial account X X wire transfers to investors by authorized personnel X X advances or guarantees made, reviewed and approved as required X X accounts maintained as required X X accounts at federally insured depository institutions X X unissued checks safeguarded X X monthly reconciliations of accounts X X Investor Remittances and Reporting investor reports [X] X X remittances [X] [X] X X proper posting of distributions X X reconciliation of remittances and payment statements [X] X X Pool Asset Administration maintenance of pool collateral [X] [X] X X safeguarding of pool assets/documents X X additions, removals and substitutions of pool assets X X [X] posting and allocation of pool asset payments to pool assets X reconciliation of servicer records X modifications or other changes to terms of pool assets X loss mitigation and recovery actions X records regarding collection efforts X adjustments to variable interest rates on pool assets X matters relating to funds held in trust for obligors X payments made on behalf of obligors (such as for taxes or insurance) X late payment penalties with respect to payments made on behalf of obligors X records with respect to payments made on behalf of obligors X recognition and recording of delinquencies, charge-offs and uncollectible accounts X XX maintenance of external credit enhancement or other support __________________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1)

General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X Cash Collection and Administration timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X Investor Remittances and Reporting investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X ________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Pool Asset Administration maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support ____________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Assessments of Compliance and Attestation Reports Servicing Criteria Reg. AB Item 1122(d) Servicing Criteria Depositor Seller Servicer Trustee Xxxxx Fargo Bank, N.A. DEPOSITOR SELLER SERVICER TRUSTEE CUSTODIAN/ PAYING AGENT/ MASTER SERVICER/ TRUST ADMINISTRATOR General Servicing Considerations monitoring performance or other triggers and events of default X [X] monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets [X] [X] fidelity bond and E&O policies in effect X [X] Cash Collection and Administration timing of deposits to custodial account X [X] wire transfers to investors by authorized personnel X [X] advances or guarantees made, reviewed and approved as required X [X] accounts maintained as required X [X] accounts at federally insured depository institutions X [X] unissued checks safeguarded [X] [X] monthly reconciliations of accounts X [X] ________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Investor Remittances and Reporting investor reports [X] remittances [X] [X] proper posting of distributions [X] [X] reconciliation of remittances and payment statements [X] Pool Asset Administration maintenance of pool collateral [X] [X] safeguarding of pool assets/documents X X additions, removals and substitutions of pool assets X X [X] posting and allocation of pool asset payments to pool assets X reconciliation of servicer records X modifications or other changes to terms of pool assets X loss mitigation and recovery actions X records regarding collection efforts X adjustments to variable interest rates on pool assets X matters relating to funds held in trust for obligors X payments made on behalf of obligors (such as for taxes or insurance) X late payment penalties with respect to payments made on behalf of obligors X records with respect to payments made on behalf of obligors X recognition and recording of delinquencies, charge-offs and uncollectible accounts X X

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-2)

General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X Cash Collection and Administration timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X Investor Remittances and Reporting investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X ________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Pool Asset Administration maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support Assessments of Compliance and Attestation Reports Servicing Criteria Reg. AB Item 1122(d) Servicing Criteria Depositor Seller Servicer Trustee Xxxxx Fargo Bank, N.A. General Servicing Considerations monitoring performance or other triggers and events of default X [X] monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets [X] [X] fidelity bond and E&O policies in effect X [X] Cash Collection and Administration timing of deposits to custodial account X [X] wire transfers to investors by authorized personnel X [X] advances or guarantees made, reviewed and approved as required X [X] accounts maintained as required X [X] accounts at federally insured depository institutions X [X] unissued checks safeguarded [X] [X] monthly reconciliations of accounts X [X] ________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Assessments of Compliance and Attestation Reports Servicing Criteria* Reg. AB Item 1122(d) Servicing Criteria SERVICER TRUSTEE CUSTODIAN/ PAYING AGENT/ MASTER SERVICER/ TRUST ADMINISTRATOR General Servicing Considerations monitoring performance or other triggers and events of default X X monitoring performance of vendors of activities outsourced X X maintenance of back-up servicer for pool assets X fidelity bond and E&O policies in effect X X Cash Collection and Administration timing of deposits to custodial account X X wire transfers to investors by authorized personnel X X advances or guarantees made, reviewed and approved as required X X accounts maintained as required X X accounts at federally insured depository institutions X X unissued checks safeguarded X X monthly reconciliations of accounts X X Investor Remittances and Reporting investor reports [X] X X remittances [X] [X] X X proper posting of distributions X X reconciliation of remittances and payment statements [X] X X Pool Asset Administration maintenance of pool collateral [X] [X] X X safeguarding of pool assets/documents X X additions, removals and substitutions of pool assets X X [X] posting and allocation of pool asset payments to pool assets X reconciliation of servicer records X modifications or other changes to terms of pool assets X loss mitigation and recovery actions X records regarding collection efforts X adjustments to variable interest rates on pool assets X matters relating to funds held in trust for obligors X payments made on behalf of obligors (such as for taxes or insurance) X late payment penalties with respect to payments made on behalf of obligors X records with respect to payments made on behalf of obligors X recognition and recording of delinquencies, charge-offs and uncollectible accounts X XX maintenance of external credit enhancement or other support ____________________ *

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-3)

AutoNDA by SimpleDocs

General Servicing Considerations. monitoring performance or other triggers and events of default X monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets fidelity bond and E&O policies in effect X Cash Collection and Administration timing of deposits to custodial account X wire transfers to investors by authorized personnel X advances or guarantees made, reviewed and approved as required X accounts maintained as required X accounts at federally insured depository institutions X unissued checks safeguarded X monthly reconciliations of accounts X Investor Remittances and Reporting investor reports X remittances X proper posting of distributions X reconciliation of remittances and payment statements X ________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Pool Asset Administration maintenance of pool collateral X safeguarding of pool assets/documents X additions, removals and substitutions of pool assets posting and allocation of pool asset payments to pool assets reconciliation of servicer records modifications or other changes to terms of pool assets loss mitigation and recovery actions records regarding collection efforts adjustments to variable interest rates on pool assets matters relating to funds held in trust for obligors payments made on behalf of obligors (such as for taxes or insurance) late payment penalties with respect to payments made on behalf of obligors records with respect to payments made on behalf of obligors recognition and recording of delinquencies, charge-offs and uncollectible accounts X maintenance of external credit enhancement or other support Assessments of Compliance and Attestation Reports Servicing Criteria Reg. AB Item 1122(d) Servicing Criteria Depositor Seller Servicer Trustee Xxxxx Fargo Bank, N.A. General Servicing Considerations monitoring performance or other triggers and events of default X [X] monitoring performance of vendors of activities outsourced X maintenance of back-up servicer for pool assets [X] [X] fidelity bond and E&O policies in effect X [X] Cash Collection and Administration timing of deposits to custodial account X [X] wire transfers to investors by authorized personnel X [X] advances or guarantees made, reviewed and approved as required X [X] accounts maintained as required X [X] accounts at federally insured depository institutions X [X] unissued checks safeguarded [X] [X] monthly reconciliations of accounts X [X] ________________________ * The descriptions of the Item 1122(d) servicing criteria use key words and phrases and are not verbatim recitations of the servicing criteria. Refer to Regulation AB, Item 1122(d) for a full description of servicing criteria. Assessments of Compliance and Attestation Reports Servicing Criteria* Reg. AB Item 1122(d) Servicing Criteria SERVICER TRUSTEE CUSTODIAN/ PAYING AGENT/ MASTER SERVICER/ TRUST ADMINISTRATOR General Servicing Considerations monitoring performance or other triggers and events of default X X monitoring performance of vendors of activities outsourced X X maintenance of back-up servicer for pool assets X fidelity bond and E&O policies in effect X X Cash Collection and Administration timing of deposits to custodial account X X wire transfers to investors by authorized personnel X X advances or guarantees made, reviewed and approved as required X X accounts maintained as required X X accounts at federally insured depository institutions X X unissued checks safeguarded X X monthly reconciliations of accounts X X Investor Remittances and Reporting investor reports [X] X X remittances [X] [X] X X proper posting of distributions X X reconciliation of remittances and payment statements [X] X X Pool Asset Administration maintenance of pool collateral [X] [X] X X safeguarding of pool assets/documents X X additions, removals and substitutions of pool assets X X [X] posting and allocation of pool asset payments to pool assets X reconciliation of servicer records X modifications or other changes to terms of pool assets X loss mitigation and recovery actions X records regarding collection efforts X adjustments to variable interest rates on pool assets X matters relating to funds held in trust for obligors X payments made on behalf of obligors (such as for taxes or insurance) X late payment penalties with respect to payments made on behalf of obligors X records with respect to payments made on behalf of obligors X recognition and recording of delinquencies, charge-offs and uncollectible accounts X XX maintenance of external credit enhancement or other support ______________________

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!