Servicer Ratings. Seller has a residential primary servicer rating for the servicing of subprime residential mortgage loans issued by S&P, Fitch or Xxxxx’x at or above “Above Average,” “RPS3” and “SQ2-”, respectively.
Servicer Ratings. As of the Closing Date, Seller has a residential primary servicer rating for the servicing of subprime residential mortgage loans issued by S&P of “above Average”.
Servicer Ratings. Ocwen has a residential primary servicer rating for the servicing of subprime residential mortgage loans issued by S&P, Fitch or Xxxxx’x at or above “Above Average,” “RPS3” and “SQ2-”, respectively.
Servicer Ratings. In the event that (i) Seller’s servicer rating by S&P is downgraded to below “Average” or lower and this causes a reduction in advance rates (any such event, a “SAF Downgrade Event”) in Holdings’ existing HSART and/or HSART II advance financing facility with respect to any Servicing Agreement and (ii) such SAF Downgrade Event causes a reduction in Holdings’ rate of return or causes Holdings to have increased costs of funding (any such amounts, “Increased Costs”) during any calendar month, Seller shall pay to Holdings Increased Costs in respect of such month within 5 Business Days of demand therefor in an amount not to exceed $3,000,000 for any calendar month; provided that such payments shall not exceed $36,000,000, in aggregate; provided, further, that Holdings commits to use commercially reasonable efforts to assist Seller in curing any such SAF Downgrade Event by obtaining amendments to the variable funding note indenture supplements for the HSART and HSART II transaction . Holdings may request payment for Increased Costs pursuant to this Section 3 for only twelve calendar months. Holdings shall calculate the Increased Costs in its reasonable discretion. Holdings shall provide Seller the calculation of, and information regarding, such Increased Costs as reasonably requested by Seller.
Servicer Ratings. [As of the date hereof, PMAC’s most recent [Peak Score] / [NEW SCORE] from Fxxxxx Mxx equates to [ ] (which is reflective of the most recent [Peak Score] / [NEW SCORE] received from Fxxxxx Mae).] [Other agency ratings/benchmarks] [N/A if no score or comparable rating is used by an Agency]
Servicer Ratings. [As of the date hereof, PMAC’s most recent [Peak Score] / [NEW SCORE] from Xxxxxx Xxx equates to [ ] (which is reflective of the most recent [Peak Score] / [NEW SCORE] received from Xxxxxx Mae).] [Other agency ratings/benchmarks] [N/A if no score or comparable rating is used by an Agency] [2. Consolidated Adjusted Tangible Net Worth of [PMAC (Section 8.01(j)(i)(C))] [Holdings (Section 8.01(j)(ii)(C))] [Guarantor (Section 8.01(j)(iii)(C))]: As of the close of business for the calendar month ended , the [PMAC was in compliance with the financial covenant set forth in Section 8.01(j)(i)(C)] [Holdings was in compliance with the financial covenant set forth in Section 8.01(j)(ii)(C)] [Guarantor was in compliance with the financial covenant set forth in Section 8.01(j)(iii)(C)] .
Servicer Ratings. [As of the date hereof, the Borrower’s most recent [Peak Score] / [NEW SCORE] from Xxxxxx Xxx equates to [ ] (which is reflective of the most recent [Peak Score] / [NEW SCORE] received from Xxxxxx Mae).] [Other agency ratings/benchmarks] [N/A if no score or comparable rating is used by an Agency]
Servicer Ratings. No earlier than 45 Business Days prior to the anticipated Closing Date and no later than 30 Business Days prior to the anticipated Closing Date, Seller shall cause the Company and its Subsidiaries to (i) request that each of the current rating agencies of the Company and its Subsidiaries assess the Company’s primary servicer rating and (ii) use their respective commercially reasonable efforts to obtain such updated primary servicer ratings prior to the Closing.
