REO Sales. 1. With respect to those REO Properties being managed by the Servicer, the Servicer will sell at least 15% of the sellable REO Properties (by number of Mortgage Loans) on a monthly basis and obtain "average net proceeds" of at least 88% of the low market value reflected in the indication of value, in each case measured on a rolling 3 month average basis.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (CSFB Mortgage Pass Through Certificates Series 2002 He16), Pooling and Servicing Agreement (Asset Backed Pass Through Certificates Series 2002 He2), Pooling and Servicing Agreement (Asset Backed Securities Corp)
REO Sales. 1. With respect to those REO Properties being managed by the Servicer, the Servicer will sell at least 15% of the sellable REO Properties (by number of Mortgage Loans) on a monthly basis and obtain "βaverage net proceeds" β of at least 88% of the low market value reflected in the indication of value, in each case measured on a rolling 3 month average basis.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Asset Backed Sec Corp Home Equ Loan Tr Ser 2003-He1), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
REO Sales. 1. With respect to those REO Properties being managed by the Servicer, the Servicer Service Provider will sell at least 15% of the sellable REO Properties (by number of Mortgage Loans) on a monthly basis and obtain "average net proceeds" of at least 88% of the low market value reflected in the indication of value, in each case measured on a rolling 3 month average basis.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2001-Am1)
