Settlement Approval. The approval of the Master Servicer need not be requested for disposition of insurance loss settlements where property damage is $10,000 or less, and the Servicer may disburse the loss proceeds as provided herein. The Master Servicer must be notified before disposition of any insurance loss settlement involving property damage over $10,000.
Appears in 25 contracts
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-8 Trust), Servicing Agreement (Norwest Structured Assets Inc)
