SERVICING ACTIVITIES. The Service Provider shall maintain, and provide administrative and servicing functions in relation to, the accounts of Customers (the “Servicing Activities”), which shall, except as the parties may otherwise agree from time to time, include without limitation:
(i) answering Customer inquiries regarding account status and history, the manner in which purchases, exchanges and redemptions of the Shares may be effected, the proxy voting policies and record of the Trust, and other matters pertaining to the Funds;
(ii) assisting Customers in designating and changing dividend options, account designations and addresses;
(iii) establishing and maintaining certain shareholder accounts and records, as may reasonably be requested from time to time by the Trust;
(iv) assisting in processing Share purchase, exchange, and redemption transactions;
(v) arranging for the wiring of funds relating to transactions in Shares;
(vi) transmitting and receiving funds in connection with Customer orders to purchase, exchange, or redeem Shares;
(vii) verifying and guaranteeing Customer signatures in connection with redemption orders, transfers among and changes in Customer-designated accounts;
(viii) providing periodic statements showing a Customer’s account balances and, to the extent practicable, integration of such information with information concerning other client transactions otherwise effected with or through the Service Provider;
(ix) furnishing on behalf of the Trust’s distributor (either separately or on an integrated basis with other reports sent to a Customer by the Service Provider) periodic statements and confirmations of all purchases, exchanges, and redemptions of Shares in a Customer’s account required by applicable federal or state law, all such confirmations and statements to conform to Rule 10b-10 under the Securities Exchange Act of 1934, as amended, and other applicable legal requirements;
(x) transmitting proxy statements, annual reports, updating prospectuses, and other communications from the Trust to Customers;
(xi) receiving, tabulating, and transmitting to the Trust proxies executed by Customers with respect to annual and special meetings of shareholders of the Trust;
(xii) providing reports (at least monthly, but more frequently if so requested by the Trust’s distributor) containing state-by-state listings of the principal residences of the beneficial owners of the Shares;
(xiii) completing all customer identification procedures in relation to the Custo...
SERVICING ACTIVITIES. During the term of this Interim Agreement:
(a) Subservicer shall perform all servicing activities with respect to the Mortgage Loans that are required by, and in accordance with the Applicable Requirements. Subservicer shall observe and perform all material covenants, undertakings and obligations required to be observed or performed under to the Interim Agreement, the Purchase and Sale Agreement and the Applicable Requirements. All representations and warranties of Subservicer continued in the Purchase and Sale Agreement are incorporated herein by reference and deemed made by Subservicer on and as of the Sale Date and the Transfer Date. Subservicer shall exercise at least the same standard of care as it usually does in servicing mortgage loans for its own account.
(b) Subservicer shall use commercially reasonable efforts to collect payments due from Mortgagors under the Mortgage Loans as they become due, including but not limited to (i) principal, (ii) interest, (iii) amounts for hazard and flood insurance premiums, mortgage insurance or guaranty premiums, taxes, legal fees, and costs, as well as repayment of amounts advanced by the Subservicer on behalf of the Mortgagor, (iv) late charges, (v) assumption fees and (vi) bad check charges.
(c) During the term of this Interim Agreement, Subservicer shall prepare and deliver to the applicable Investors (with a copy to FNMC) all reports relating to the Mortgage Loans that are required pursuant to the Applicable Requirements. All such reports shall be delivered in a timely manner. Subservicer will provide FNMC with copies of existing computer reports as reasonably requested or a monthly master tape, if requested and to the extent available.
(d) Subservicer shall not, without the prior written consent of FNMC, destroy any Mortgage File records in its possession that relate to the Mortgage Loans, nor shall it instruct any third party to destroy such records.
(e) During the term of this Interim Agreement, FNMC shall have the right to inspect and audit Subservicer's servicing activities and operations, during normal business hours provided that any such inspection and audit shall not unreasonably interfere with Subservicer's activities hereunder and that reasonable notice is given. Subservicer agrees to cooperate with FNMC and to make available such Mortgage File records and other information as FNMC may reasonably request. In the event that FNMC discovers any pattern or practice of Subservicer that is materially in...
SERVICING ACTIVITIES. During the term of this Agreement:
SERVICING ACTIVITIES. During the term of this Addendum, Seller shall, on behalf of Purchaser, properly conduct the Servicing by providing interim servicing for each of the Mortgage Loans in accordance with all Applicable Requirements, including, without limitation, making all Advances that are required under the Servicing Agreements and are eligible for reimbursement by the applicable Investor, subject to reimbursement by the Purchaser in accordance with the terms of the Agreement. 5.
SERVICING ACTIVITIES. Seat reservation and reservation of SSR's (special service requirements) • Advance upgrading of passengers in line with Carrier's requests • Handover of mileage claim forms, complaint forms, or any other information leaflets as requested by the Carrier • Additional assistance during flight irregularities (meal vouchers, hotel vouchers, transportation to hotels) in accordance with Carrier's instructions.
SERVICING ACTIVITIES. The Service Provider wishes to maintain, and provide certain administrative and servicing functions in relation to, the accounts of shareholders of the Shares (the "Customers"), either directly or indirectly through arrangements with other investment advisers, financial institutions and other persons (each, a "Third Party Service Provider") and the Distributor will confirm transactions in accordance with the terms and conditions set forth herein.
a. The Customers are for all purposes customers of the Service Provider and not customers of the Distributor. The Fund shall execute transactions for each of the Service Provider's Customers only upon authorization of the Service Provider; it being understood in all cases that (i) the Service Provider is acting as the agent for the Customer; (ii) as between the Service Provider and the Customer, the Customer will have beneficial ownership of the securities; (iii) each transaction is initiated solely upon the order of the Customer; (iv) each transaction shall be executed by the Fund only upon receipt of instructions from the Service Provider acting as agent for its Customer, and (v) each transaction is for the account of the Customer and not for the account of the Service Provider. The Service Provider represents and warrants that it will have the full right, power and authority to effect transactions (including without limitation, placing any purchase and redemptions) in Shares on behalf of all customer accounts provided by it to any transfer agent of the Fund as such term is defined in the Prospectus (the "Transfer Agent").
b. The Service Provider shall maintain, and provide administrative and servicing functions in relation to, the accounts of Customers (the "Servicing Activities"), which shall, except as the parties may otherwise agree from time to time, include without limitation: o answering customer inquiries regarding account status and history, the manner in which purchases, exchanges and redemptions of the Shares may be effected, the proxy voting policies and record of the Trust, and other matters pertaining to the Funds; o assisting Customers in designating and changing dividend options, account designations and addresses;
SERVICING ACTIVITIES. (a) During the Interim Servicing Period (or shall cause its subservicer to), Seller shall, on behalf of Purchaser, conduct the Servicing by providing interim servicing for each of the Mortgage Loans in accordance with all Applicable Requirements in all material respects.
(b) During the Interim Servicing Period, the related Escrow Accounts will continue to be held in the name of Seller or its subservicer, as the case may be. During the Interim Servicing Period, Seller shall, or shall cause its subservicer to, notify Purchaser in the event that any Mortgage Loan becomes ninety (90) calendar days delinquent via applicable monthly reports.
(c) If, during the Interim Servicing Period, Seller or its subservicer receives an Investor repurchase or indemnification demand, Seller shall promptly notify Purchaser.
SERVICING ACTIVITIES. During the term of this Interim Agreement:
(a) Seller shall perform or cause to be performed all servicing activities with respect to the Mortgage Loans that are required by, and in accordance with the Accepted Servicing Practices. Seller shall observe and perform all material covenants, undertakings and obligations required to be observed or performed under this Interim Agreement, the Purchase and Sale Agreement and the Accepted Servicing Practices. Seller shall exercise at least the same standard of care utilized in servicing mortgage loans for its own account. Such activities and duties shall include, without limitation, the following:
1. Cooperating with Purchaser in preparing and sending any "hello / goodbye" letters to Mortgagors upon the transfer of the servicing with respect to any Mortgage Loans;
2. Timely preparing and delivering to the appropriate persons (i.e., the Mortgagors and the Internal Revenue Service) Internal Revenue Service forms 1098, 1099 and 1099A (or any similar replacement, amended or updated Internal Revenue Service forms) relating to any Mortgage Loan for the time period such Mortgage Loan has been serviced by Seller and shall provide Purchaser an electronic report of the tax reporting of Seller for the Mortgage Loans;
3. Timely delivering to Purchaser of the following reports on or before the dates specified below. Seller shall provide such other reports as Purchaser may reasonably request, provided the reports requested by Purchaser are in the possession of, or available or accessible to, Seller:
(a) Single debit remittance reports representing principal and interest payments received by Seller to be delivered to Purchaser on the first Business Day following each Remittance Date;
(b) Schedule (or a copy of notice letters sent to borrowers) of adjustable rate Mortgage Loans subject to payment adjustments occurring during the preceding month of the term of this Interim Agreement. Report to be delivered by the fifth Business Day of each month;
(c) Schedule of loans subject to automatic drafting for remittance of principal and interest payments. Report to be delivered immediately following the Closing Date and immediately following each Transfer Date;
(d) Schedule of loans that are or become delinquent as to payment of principal and interest after expiration of the applicable grace period. Report to be delivered by the 20th day of the month;
(e) Schedule of loans in which real property or insurance coverage have not been paid and...
SERVICING ACTIVITIES. During the term of this Agreement:
(a) Collection of Payments. Servicer shall on behalf of Purchaser diligently collect all payments due from Mortgagors to Purchaser under the Mortgage Loans as they become due, including but not limited to (i) principal, (ii) interest, (iii) advances for fire and hazard insurance premiums, title insurance premiums, payments with regard to prior liens, taxes, legal fees, foreclosure costs, and other miscellaneous advances, (iv) late charges, (v) extension fees, and (vi) bad check charges, such efforts to include but not be limited to the specific duties set forth herein. All such amounts received on each Mortgage Loan shall be held separate and apart from Servicer’s own funds in a Custodial Account.
SERVICING ACTIVITIES. Deemed Collections; Repurchase Events; Indemnities and Set-Off. ............................................................. 5 6. Notices........................................................................................................................................................... 7 7. Expenses ........................................................................................................................................................ 8 8.
