Common use of Servicer; Servicing Tape Clause in Contracts

Servicer; Servicing Tape. The Borrowers shall provide to the Agent on the tenth (10th) Business Day of each month a computer readable file containing servicing information, including, without limitation, those fields specified by the Agent from time to time, on a loan-by-loan basis and in the aggregate, with respect to the Mortgage Loans serviced hereunder by the Borrowers or any Servicer. The Borrowers shall not cause the Mortgage Loans to be serviced by any servicer other than a servicer expressly approved in writing by the Agent.

Appears in 4 contracts

Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)

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Servicer; Servicing Tape. The Borrowers Sellers shall provide to the Agent on the tenth (10th) Business Day of each month a computer readable file containing servicing information, including, without limitation, those fields specified by the Agent from time to time, on a loan-by-loan basis and in the aggregate, with respect to the Mortgage Purchased Loans serviced hereunder by the Borrowers Sellers or any Servicer. The Borrowers Sellers shall not cause the Mortgage Purchased Loans to be serviced by any servicer other than a servicer expressly approved in writing by the Agent.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

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