Common use of Maintenance of Fidelity Bond and Errors and Omissions Policy Clause in Contracts

Maintenance of Fidelity Bond and Errors and Omissions Policy. The Servicer shall during the term of its service as Servicer maintain in force a (a) policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b) fidelity bond in respect of its officers, employees and agents, in each case having coverage amounts that satisfy FNMA or FHLMC requirements for mortgage loan originators and servicers.

Maintenance of Fidelity Bond and Errors and Omissions Policy. The Servicer shall during the term of its service as Servicer maintain in force a (a1) policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b2) fidelity bond in respect of its officers, employees and agents, in each case having coverage amounts that satisfy FNMA or FHLMC requirements for mortgage loan originators and servicersdeemed by the Servicer to be adequate to its operations.

Maintenance of Fidelity Bond and Errors and Omissions Policy. The Servicer shall during the term of its service as Servicer maintain in force a (a1) policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b2) fidelity bond in respect of its officers, employees and agents, in each case having coverage amounts in such form and amount as is customary for entities acting in similar capacities and in an amount that satisfy FNMA or FHLMC requirements for mortgage loan originators and servicersconforms to Xxxxxx Xxx levels.

Maintenance of Fidelity Bond and Errors and Omissions Policy. The Servicer shall during the term of its service as Servicer maintain in force a (a) policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b) fidelity bond in respect of its officers, employees and agents, in each case having coverage amounts that satisfy FNMA or FHLMC requirements for mortgage loan originators and servicersdeemed by the Servicer to be adequate to its operations.

Maintenance of Fidelity Bond and Errors and Omissions Policy. The Servicer shall during the term of its service as Servicer maintain in force a (a) policy or policies of insurance covering errors and omissions in the performance of its obligations as Servicer hereunder and (b) fidelity bond in respect of its officers, employees and agents, in each case having coverage amounts that satisfy FNMA or FHLMC requirements for mortgage loan originators and servicersreasonably deemed by the Servicer to be adequate to its operations.