Servicer's Duty to Compensate. Whether or not a Servicer is removed from servicing with respect to a particular REO, the Servicer must compensate the Master Servicer for any damages caused as a result of the Servicer's breach of its obligation to service efficiently each REO. The Servicer acknowledges that any damages suffered as a result of the Servicer's inefficiency in managing a REO may not be quantified in advance of the Master Servicer assuming responsibility for such REO.
Appears in 76 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar13 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-14 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-7 Trust)
Servicer's Duty to Compensate. Whether or not a Servicer is removed from servicing with respect to a particular REO, the Servicer must compensate the Master Servicer for any damages caused as a result of the Servicer's ’s breach of its obligation to service efficiently each REO. The Servicer acknowledges that any damages suffered as a result of the Servicer's ’s inefficiency in managing a REO may not be quantified in advance of the Master Servicer assuming responsibility for such REO.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)
