Servicing Contracts. Fully executed copies of each Servicing Contract certified as true, correct and complete by Seller.
Servicing Contracts. Each Servicing Contract is in full force and effect, and Borrower has not been terminated as the servicer under any Servicing Contract.
Servicing Contracts. (a) Each Servicing Contract entered into between the Master Servicer and a Direct Servicer will govern the Direct Servicer’s performance of the servicing duties described in Subsection 5.1(3). Wherever this Trust Agreement states that the Direct Servicer will take an action or carry out a responsibility, it means that if the Servicing Contract requires the Direct Servicer, directly or through a Subservicer, to take that action or carry out that responsibility, then the action will be taken or the responsibility will be carried out by the Direct Servicer, directly or through a Subservicer, and if the Servicing Contract does not so require, then those duties will be performed by the Master Servicer (whether directly or indirectly). Wherever this Trust Agreement states that the Direct Servicer may not take a specified action, that means that the Servicing Contract will prohibit the Direct Servicer, directly or through a Subservicer, from taking that action. Each Servicing Contract will include provisions to the following effect:
Servicing Contracts. All of the Servicing Contracts with respect to such Assets are in full force and effect and have not been modified and Seller as servicer has not been terminated thereunder.
Servicing Contracts. (i) with respect to any Asset, a notice of termination of servicing for cause has been delivered, or a notice of termination of servicing for any other reason has been delivered, which has not been rescinded within five Business Days following delivery of such notice under any Servicing Contract (following the expiration of any applicable grace or cure period in the applicable Servicing Contract) unless all Loan Advances secured by such Assets are repaid (A) with respect to a notice of termination of servicing for cause, within five Business Days following delivery of such notice of termination as described herein or (B) with respect to any other notice of termination, on or before the date of such termination of servicing; or (ii) any actual termination or resignation of servicing under any Servicing Contract shall have occurred unless all Loan Advances secured by such Assets are repaid on or before the date of such termination;
Servicing Contracts. Xxxxxx Mae I MBS and Xxxxxx Xxx XX MBS, in either case issued by Lender and guaranteed by Xxxxxx Mae upon Lender’s securitization of a pool of Xxxxxx Xxx eligible mortgage loans insured or guaranteed by the FHA or VA, as applicable. Lender’s issuance of the related MBS and its servicing of the underlying mortgage loans are governed in all respects by Xxxxxx Mae’s 5500.3 REV-1: Mortgage-Backed Securities Guide, as the same may be amended from time to time.
Servicing Contracts. Fully executed copies of the Key Servicing Contract Documentation related to each Servicing Contract certified as true, correct and complete by Seller.
Servicing Contracts. (a) Each Servicing Contract entered into between the Master Servicer and a Primary Servicer will govern the Primary Servicer’s performance of the servicing duties described in Subsection 5.1(3) to the extent such duties are permitted by the Servicing Contract. Wherever this Trust Agreement states that the Primary Servicer will take an action or carry out a responsibility, it means that if the Servicing Contract requires the Primary Servicer, directly or through a Subservicer, to take that action or carry out that responsibility, then the action will be taken or the responsibility will be carried out by the Primary Servicer, directly or through a Subservicer, and if the Servicing Contract does not so require, then those duties will be performed by the Master Servicer (whether directly or indirectly). Wherever this Trust Agreement states that the Primary Servicer may not take a specified action, that means that the Servicing Contract will prohibit the Primary Servicer, directly or through a Subservicer, from taking that action. Each Servicing Contract will include provisions to the following effect:
Servicing Contracts. 14 (b) Assignment..........................................................................14 (c) No Liens............................................................................14 (d) Filings.............................................................................15
Servicing Contracts. All of the Servicing Contracts are in full force and effect and the Seller has not been terminated. Other than Certificate Insurer's right to terminate the Servicing Contracts based on Seller's failure to achieve certain delinquency targets, no event has occurred that would give any party to any Servicing Contract the right (including with notice or lapse of time or both) to terminate the Seller for cause as the servicer or subservicer under any Servicing Contract, and the Seller does not have actual knowledge of any pending or threatened action to terminate the Seller as servicer or subservicer under any of the Servicing Contracts.
