No Transfer of CE Obligation or CE Fees. The Selling PFI’s Credit Enhancement obligation with respect to the Serviced Mortgages is not being assumed by Colonial, and the right to receive Credit Enhancement Fees for the Serviced Mortgages is also not being transferred to Colonial. The Credit Enhancement obligation and CE Fee payment will be administered in accordance with the Servicing Sale Manual and the Origination and Servicing Guides.
Appears in 4 contracts
Samples: Servicing Sale Agreement, Servicing Sale Agreement, Servicing Sale Agreement