Common use of Prior Servicer Information Clause in Contracts

Prior Servicer Information. The Company acknowledges and agrees that the Initial Member might not have access to information from servicers of a Loan prior to the appointment of the FDIC as receiver of the applicable Failed Bank and that the Initial Member has not requested any information not in the possession of the Initial Member or its servicing contractor from any prior servicer of a Loan. The Company acknowledges and agrees that the Initial Member will not be required under the terms of this Agreement to request any information from any prior servicer.

Appears in 6 contracts

Samples: Loan Contribution and Sale Agreement, Loan Contribution and Sale Agreement, Loan Contribution and Sale Agreement

AutoNDA by SimpleDocs

Prior Servicer Information. The Company acknowledges and agrees that the Initial Member might not have access to information from servicers of a Loan an Asset prior to the appointment of the FDIC as receiver of the applicable Failed Bank and that the Initial Member has not requested any information not in the possession of the Initial Member or its servicing contractor from any prior servicer of a Loanan Asset. The Company acknowledges and agrees that the Initial Member will not be required under the terms of this Agreement to request any information from any prior servicer.

Appears in 2 contracts

Samples: Asset Contribution and Sale Agreement, Asset Contribution and Sale Agreement

AutoNDA by SimpleDocs

Prior Servicer Information. The Company acknowledges and agrees that the Initial Member might not have access to information from servicers of a Mortgage Loan prior to the appointment of the FDIC as receiver of the applicable Failed Bank and that the Initial Member has not requested any information not in the possession of the Initial Member or its servicing contractor from any prior servicer of a Mortgage Loan. The Company acknowledges and agrees that the Initial Member will not be required under the terms of this Agreement to request any information from any prior servicer.

Appears in 1 contract

Samples: Mortgage Loan Contribution and Sale Agreement

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