Interim Servicing of the Mortgage Loans. The Seller shall service and administer the related Mortgage Loans from each Closing Date through the related Servicing Transfer Date on the Purchaser's behalf in accordance with this Agreement and Accepted Servicing Practices. Unless otherwise specified in the related Assignment and Conveyance, the related Servicing Transfer Date shall be the first day of the second month following the month in which the related Closing Date occurs. The Seller shall collect any payments due from the related Mortgagors within the first month following the month in which the related Closing Date occurs. Beginning with the second month following the month in which the related Closing Date occurs, the Purchaser or its designee shall collect all payments due from the related Mortgagors. During the Interim Servicing Period, the Seller shall, without the need for the consultation with the Purchaser, perform the following functions in accordance with this Agreement:
Appears in 4 contracts
Samples: Assignment Agreement (Morgan Stanley Mortgage Loan Trust 2006-9ar), Assignment Agreement (Morgan Stanley Mortgage Loan Trust 2007-2ax), Assignment Agreement (Morgan Stanley Mortgage Loan Trust 2006-13arx)
Interim Servicing of the Mortgage Loans. The Seller shall service and administer the related Mortgage Loans from each Closing Date through the related Servicing Transfer Date on the Purchaser's ’s behalf in accordance with this Agreement and Accepted Servicing Practices. Unless otherwise specified in the related Assignment and Conveyance, the related Servicing Transfer Date shall be the first day of the second month following the month in which the related Closing Date occurs. The Seller shall collect any payments due from the related Mortgagors within the first month following the month in which the related Closing Date occurs. Beginning with the second month following the month in which the related Closing Date occurs, the Purchaser or its designee shall collect all payments due from the related Mortgagors. During the Interim Servicing Period, the Seller shall, without the need for the consultation with the Purchaser, perform the following functions in accordance with this Agreement:
Appears in 3 contracts
Samples: Assignment, Assumption and Recognition Agreement (Morgan Stanley Mortgage Loan Trust 2007-11ar), And Interim Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-11ar), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)
