Common use of No Outstanding Charges Clause in Contracts

No Outstanding Charges. As of the Servicing Transfer Date, there are no defaults in complying with the terms of the Mortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid. The Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the related Due Date of the first installment of principal and interest;

Appears in 8 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Home Equity Loan Trust 2005-4), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-1), Assignment and Recognition Agreement (Morgan Stanley Abs Capital I Inc)

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No Outstanding Charges. As of the related Servicing Transfer Date, there are no defaults in complying with the terms of the Mortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaid. The Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the related Due Date of the first installment of principal and interest;

Appears in 6 contracts

Samples: Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-1), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-1), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-2)

No Outstanding Charges. As of the Servicing Transfer Date, there There are no defaults in complying with the terms of the Mortgage, and all no delinquent taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paidrents, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaidunpaid and which has been assessed but is not yet due and payable. The Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the related Due Date of the first installment of principal and interest;

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Servicing Agreement (GSAA Home Equity Trust 2006-9), Pooling and Servicing Agreement (GSAMP Trust 2006-He3)

No Outstanding Charges. As of the Servicing Transfer Date, there There are no defaults in complying with the terms of the MortgageMortgages, and all taxes, governmental assessments, insurance premiums, leasehold payments, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaidunpaid and which has been assessed but is not yet due and payable. The Seller Company has not advanced funds, or induced, solicited solicited, or knowingly received any advance of funds by a party other than the Mortgagor, Mortgagor directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlierlater, to the day which precedes by one month the related Due Date of the first installment of principal and interest;

Appears in 2 contracts

Samples: Letter Agreement (Greenwich Capital Acceptance Inc), Reconstituted Servicing Agreement (Structured Asset Mortgage Investments Inc)

No Outstanding Charges. As of the Servicing Transfer Date, there There are no defaults in complying with the terms of the Mortgage, and all taxes, governmental assessments, insurance premiums, or water, sewer and municipal charges, leasehold payments or ground rents charges which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaidunpaid and which has been assessed but is not yet due and payable. The Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the related Due Date of the first installment of principal and interest;

Appears in 2 contracts

Samples: Purchase and Warranties Agreement (D&n Capital Corp), Mortgage Loan Purchase and Warranties Agreement (Franklin Finance Corp)

No Outstanding Charges. As of the Servicing Transfer Date, there There are no defaults in complying with the terms of the MortgageMortgages, and all taxes, governmental assessments, insurance premiums, leasehold payments, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaidunpaid and which has been assessed but is not yet due and payable. The Seller Company has not advanced funds, or induced, solicited solicited, or knowingly received any advance of funds by a party other than the Mortgagor, mortgagor directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlierlater, to the day which precedes by one month the related Due Date of the first installment of principal and interest;

Appears in 1 contract

Samples: Letter Agreement (Thornburg Mortgage Securities Trust 2005-4)

No Outstanding Charges. As of the Servicing Transfer Date, there There are no defaults in complying with the terms of ---------------------- the Mortgagemortgage, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which that previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which that remains unpaidunpaid and that has been assessed but is not yet due and payable. The Seller has You have not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagormortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note mortgage note or date of disbursement of the Mortgage Loan proceeds, whichever is earliergreater, to the day which that precedes by one month the related Due Date due date of the first installment of principal and interest;.

Appears in 1 contract

Samples: Residential Mortgage Financing Facility (Preferred Credit Corp)

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No Outstanding Charges. As of the Servicing Transfer Date, there There are no defaults in complying with the ---------------------- terms of the MortgageSecurity Instrument, and all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established and delivered to Saxon in an amount sufficient to pay for every such item which remains unpaidunpaid and which has been assessed but is not yet due and payable. The Seller has not advanced funds, funds or induced, solicited or knowingly received any advance of funds by a party other than the MortgagorBorrower, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlierlater, to the day which precedes by one month the related Due Date due date of the first installment of principal and interest;

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (United Panam Financial Corp)

No Outstanding Charges. As of the Servicing Transfer Date, there There are no defaults in complying with the terms of the MortgageMortgages, and all taxes, governmental assessments, insurance premiums, leasehold payments, water, sewer and municipal charges, leasehold payments or ground rents which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaidunpaid and which has been assessed but is not yet due and payable. The Seller Company has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the related Due Date of the first installment of principal and interest;

Appears in 1 contract

Samples: Assignment and Recognition Agreement (BCAP LLC Trust 2007-Aa2)

No Outstanding Charges. As of the Servicing Transfer Date, there There are no defaults in complying with the terms of the Mortgage, and all taxes, governmental assessments, insurance premiums, or water, sewer and municipal charges, leasehold payments or ground rents charges which previously became due and owing have been paid, or an escrow of funds has been established in an amount sufficient to pay for every such item which remains unpaidunpaid and which has been assessed but is not yet due and payable. The Seller has not advanced funds, or induced, solicited or knowingly received any advance of funds by a party other than the Mortgagor, directly or indirectly, for the payment of any amount required under the Mortgage Loan, except for interest accruing from the date of the Mortgage Note or date of disbursement of the Mortgage Loan proceeds, whichever is earlier, to the day which precedes by one month the related Due Date of the first installment of principal and interest;.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Flagstar Capital Corp)

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