Common use of Interim Servicer Clause in Contracts

Interim Servicer. Until the transfer of servicing to the initial Servicer on the "servicing transfer date" as specified in the Servicing Agreement, the Master Servicer agrees, and the Issuer, Securityholders, the Security Insurer and the Indenture Trustee hereby assign and appoint the Master Servicer as the Servicer of the Home Loans. The Master Servicer shall be obligated to act as the Servicer of the Home Loans and agrees to service the Home Loans in accordance with Accepted Servicing Procedures until the transfer of servicing to the Servicer. During the period in which the Master Servicer is acting as servicer, it shall be entitled to any Servicing Fee earned during such period.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Hsi Asset Securitization Corp), Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-2), Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)

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Interim Servicer. Until the transfer of servicing to the initial Servicer on the "servicing transfer date" as specified in the Servicing Agreement, the Master Servicer agrees, and the Issuer, Securityholders, the Security Insurer and the Indenture Trustee hereby assign and appoint the Master Servicer as the Servicer of the Home Mortgage Loans. The Master Servicer shall be obligated to act as the Servicer of the Home Mortgage Loans and agrees to service the Home Mortgage Loans in accordance with Accepted Servicing Procedures until the transfer of servicing to the Servicer. During the period in which the Master Servicer is acting as servicer, it shall be entitled to any Servicing Fee earned during such period.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Hsi Asset Securitization Corp)

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Interim Servicer. Until the transfer of servicing to the initial Servicer on the "servicing transfer date" as specified in the Servicing Agreement, the Master Servicer agrees, and the IssuerIssuing Entity, Securityholders, the Security Insurer and the Indenture Trustee hereby assign and appoint the Master Servicer as the Servicer of the Home Loans. The Master Servicer shall be obligated to act as the Servicer of the Home Loans and agrees to service the Home Loans in accordance with Accepted Servicing Procedures until the transfer of servicing to the Servicer. During the period in which the Master Servicer is acting as servicer, it shall be entitled to any Servicing Fee earned during such period.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Bcap LLC)

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