Common use of Maintenance of Fidelity Bond Clause in Contracts

Maintenance of Fidelity Bond. The Master Servicer and the Backup Servicer shall each, during the term of its service as Master Servicer and Backup Servicer, respectively, maintain in force a fidelity bond and errors and omissions insurance in respect of their respective officers, employees or agents. Such bond and insurance shall comply with the requirements from time to time of Xxxxxx Xxx for Persons performing servicing for mortgage loans purchased by such association.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Accredited Mortgage Loan Trust 2004-2), Sale and Servicing Agreement (Accredited Home Lenders Inc Mortgage Loan Trust 2004-1), Sale and Servicing Agreement (Accredited Mort Loan Trust Asset Back Notes Series 2003-1)

AutoNDA by SimpleDocs

Maintenance of Fidelity Bond. The Master Servicer and the Backup Servicer shall each, during the term of its service as Master Servicer and Backup Servicer, respectively, maintain in force a fidelity bond and errors and omissions insurance in respect of their respective officers, employees or agents. Such bond and insurance shall comply with the requirements from time to time of Xxxxxx Xxx Mae for Persons performing servicing for mortgage loans purchased by such association.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Accredited Mortgage Loan Trust 2003-3), Sale and Servicing Agreement (Accredited Mortgage Loan Trust 2003-2)

Maintenance of Fidelity Bond. The Master Servicer and the Backup Servicer shall each, during the term of its service as Master Servicer and Backup Servicer, respectively, maintain in force a fidelity bond and errors and omissions insurance in respect of their respective officers, employees or agents. Such bond and insurance shall comply with the requirements from time to time of Xxxxxx Xxx Fannie Mae for Persons performing servicing for mortgage loans purchased by such purchasxx xx sxxx association.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Accredited Home Lenders Inc), Sale and Servicing Agreement (Accredited Home Lenders Inc)

Maintenance of Fidelity Bond. The Master Servicer and the Backup Servicer shall each, during the term of its service as Master Servicer and Backup Servicer, respectively, maintain in force a fidelity bond and errors and omissions insurance in respect of their respective officers, employees or agents. Such bond and insurance shall comply with the requirements from time to time of Xxxxxx Xxx Fannie Mae for Persons performing servicing for mortgage loans mortgxxx xxaxx purchased by such association.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Accredited Home Lenders Accredited Mort Loan Trust 2002-2)

Maintenance of Fidelity Bond. The Master Servicer and the Backup Servicer shall each, during the term of its service as Master Servicer and Backup Servicer, respectively, maintain in force a fidelity bond and errors and omissions insurance in respect of their respective officers, employees or agents. Such bond and insurance shall comply with the requirements from time to time of Xxxxxx Xxx Fannie Mae for Persons performing servicing for mortgage loans purchased by such purcxxxxx bx xuch association.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Accredited Home Lenders Accredited Mort Loan Trust 2002-2)

AutoNDA by SimpleDocs

Maintenance of Fidelity Bond. The Master Servicer and the Backup Servicer shall each, during the term of its service as Master Servicer and Backup Servicer, respectively, maintain in force a fidelity bond and errors and omissions insurance in respect of their respective officers, employees or agents. Such bond and insurance shall comply with the requirements from time to time of Xxxxxx Xxx Fannie Mae for Persons performing servicing for mortgage loans purchased by purxxxxxx xx such association.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Accred Home LNDRS Inc Ac Mor Ln Tr 2002-1 as Bk Nt Se 2002-1)

Maintenance of Fidelity Bond. The Master Servicer and the Backup Servicer shall each, during the term of its service as Master Servicer and Backup Servicer, respectively, maintain in force a fidelity bond and errors and omissions insurance in respect of their respective officers, employees or agents. Such bond and insurance shall comply with the requirements from time to time of Xxxxxx Xxx or Xxxxxxx Mac for Persons performing servicing for mortgage loans purchased by such association.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Accredited Mortgage Loan Trust 2004-3)

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