Mortgage Servicing. Inland Mortgage Servicing Corporation (“IMSC”) will service mortgages. IMSC will not be reimbursed for any expenses incurred in providing these services. ·
Mortgage Servicing. The Vendor and the Corporation shall have entered into such mortgage servicing agreement or agreements, in a form mutually satisfactory to the Vendor and Purchaser (each acting in a commercially reasonable manner), as would be necessary to allow for the Vendor to continue to service the Vendor’s mortgages that are held by the Corporation, with such agreement or agreements providing, among other things, that (a) the Vendor shall be the only servicer for the implicated mortgages, (b) the Corporation shall be prohibited from sharing, selling or utilizing customer data pertaining to the mortgages except as provided therein or required by Applicable Law, (c) the fees to be charged thereunder shall be on prevailing market terms typically governing similar arrangements between similar parties, having regard to geography, volume, and other considerations, and (d) the Corporation shall be prohibited from transferring, selling or disposing of the mortgages in any manner without allowing the Vendor 30 days to exercise a right of first refusal with respect thereto, provided that, in the event the Vendor exercises its right of first refusal, the Vendor shall in good faith pay to the Purchaser the fair market value of the applicable mortgages, even if the value to be received by the Purchaser upon transferring, selling or disposing of such mortgages to the potential third party purchaser would have been less than the fair market value of such mortgages; provided further that, in the event that the Parties cannot agree upon the fair market value of such mortgages, the Parties will refer the determination of such fair market value to a third party valuator.
Mortgage Servicing. The Disclosure Schedule lists all mortgage loan servicing agreements and pooling and servicing agreements to which any Subsidiary is a party (the "Mortgage Servicing Agreements"). The Mortgage Servicing Agreements and the Regulations set forth all the terms and conditions of each Subsidiary's rights against and obligations to the other parties to such Mortgage Servicing Agreements with respect to mortgage loans, and there are no written or oral agreements that modify or amend any such Mortgage Servicing Agreement. All of the Mortgage Servicing Agreements are valid and binding contracts of the applicable Subsidiary, are in full force and effect, and are enforceable in accordance with their terms, except as enforcement thereof may be limited by general principles of equity (whether applied in a court of law or a court of equity) and by bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights and remedies generally. There is no default or breach under, or dispute regarding the material terms of, or claim of default or breach by any party under, any Mortgage Servicing Agreement, and no event has occurred which with the passage of time or the giving of notice of both would constitute a default or breach by any party under any such Mortgage Servicing Agreement or would permit termination, modification or acceleration of any such Mortgage Servicing Agreement. There is no pending or overtly threatened cancellation of any Mortgage Servicing Agreement, and the Company has not received indication that any party intends to terminate or is considering terminating its servicing relationship with any Subsidiary. No sanctions or penalties have been imposed on any Subsidiary under any Mortgage Servicing Agreement or any Regulation.
Mortgage Servicing. To the extent requested to do so by INB for any particular mortgage, ICNY shall act as mortgage-servicing agent for specified mortgages (the "Mortgage Servicing Services"). The Mortgage Servicing Services shall include the collection of mortgages receivable, the payment of mortgages payable, the payment of property taxes, insurance premiums and other impositions for the mortgaged premises. ICNY agrees to perform all services as may be reasonably requested by INB hereunder and as may be mutually agreed by the parties to the best of its abilities and within reasonable time periods, and shall allocate sufficient time and resources to this end. Notwithstanding the foregoing, ICNY provides no warranties or guaranty of results with respect to any of its services, which may be performed under this Agreement.
Mortgage Servicing. To the extent requested to do so by INB for any ------------------- particular mortgage, IMC shall act as mortgage-servicing agent for specified mortgages (the "Mortgage Servicing Services"). The Mortgage Servicing Services shall include the collection of mortgages receivable, the payment of mortgages payable, the payment of property taxes, insurance premiums and other impositions for the mortgaged premises. IMC agrees to perform all services as may be reasonably requested by INB hereunder and as may be mutually agreed by the parties to the best of its abilities and within reasonable time periods, and shall allocate sufficient time and resources to this end. Notwithstanding the foregoing, IMC provides no warranties or guaranty of results with respect to any of its services, which may be performed under this Agreement.
Mortgage Servicing. JALIC shall provide such servicing with respect to Mortgage Loans in which JALIC has acted as servicer immediately prior to the date hereof consistent and comparable with the servicing provided by JALIC with respect to such Mortgage Loans immediately prior to the date hereof. The Company and JALIC shall simultaneously herewith enter into an Interim Servicing Agreement regarding the servicing of mortgage loans.
Mortgage Servicing. Inland Mortgage Servicing Corporation, or “IMSC,” will service mortgages for the Company, as requested by the Business Manager. ·
Mortgage Servicing. The servicing and collection of the Mortgage Loans has been performed using acceptable servicing practices and in all material respects in accordance with applicable laws and regulations.
