Common use of Maintenance of Certain Servicing Insurance Policies Clause in Contracts

Maintenance of Certain Servicing Insurance Policies. The --------------------------------------------------- Master Servicer shall during the term of its service as servicer maintain in force a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder. Such policy or policies shall, together, comply with the requirements from time to time of FNMA for persons performing servicing for mortgage loans purchased by FNMA.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Provident Bank)

AutoNDA by SimpleDocs

Maintenance of Certain Servicing Insurance Policies. The --------------------------------------------------- Master Servicer shall during the term of its service as master servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as master servicer hereunderhereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Such Each such policy or policies and bond shall, together, comply with the requirements from time to time of FNMA for persons performing servicing for mortgage loans purchased by FNMAsuch Association.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HFC Revolving Corp)

Maintenance of Certain Servicing Insurance Policies. The --------------------------------------------------- Master Servicer shall during the term of its service as servicer maintain in force a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder. Such policy or policies shall, together, comply with the requirements from time to time of FNMA for persons performing servicing for mortgage loans purchased by FNMA.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Provident Bank)

Maintenance of Certain Servicing Insurance Policies. The --------------------------------------------------- Master Servicer shall during the term of its service as servicer maintain in force a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder. Such policy or policies shall, together, comply with the requirements from time to time of FNMA for persons performing servicing for mortgage loans purchased by FNMA.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)

Maintenance of Certain Servicing Insurance Policies. The --------------------------------------------------- Master [Master] Servicer shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder[Master] Servicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Such Each such policy or policies shalland bond shall be at least equal to the coverage that would be required by FNMA or FHLMC, togetherwhichever is greater, comply with the requirements from time to time of FNMA for persons Persons performing servicing for mortgage loans similar to the Mortgage Loans purchased by FNMAsuch entity.

Appears in 1 contract

Samples: Servicing Agreement (Homepride Mortgage Finance Corp)

AutoNDA by SimpleDocs

Maintenance of Certain Servicing Insurance Policies. The --------------------------------------------------- Master Servicer shall shall, during the term of its service as servicer servicer, maintain in force and effect (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunderServicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Such Each such policy or policies shalland fidelity bond shall be at least equal to the coverage that would be required by FNMA or FHLMC, togetherwhichever is greater, comply with the requirements from time to time of FNMA for persons Persons performing servicing for mortgage loans purchased by FNMAsuch entity.

Appears in 1 contract

Samples: Servicing Agreement (Bear Stearns Asset Back Sec Inc Gmacm Rev Ho Eq Lo Tr 1998-2)

Maintenance of Certain Servicing Insurance Policies. The --------------------------------------------------- Master Servicer shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as master servicer hereunderhereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Such Each such policy or policies and bond shall, together, comply with the requirements from time to time of FNMA FNMA, for persons Persons performing servicing for mortgage loans purchased by FNMAsuch entity.

Appears in 1 contract

Samples: Servicing Agreement (Beneficial Mortgage Services Inc)

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