Tax Contracts Sample Clauses

Tax Contracts. All Mortgage Loans have a fully paid, freely transferable tax service contract. If a tax service contract is not provided, Owner shall reimburse Servicer for its cost to obtain such a contract. Owner shall reimburse Servicer for any expenses incurred for transferring existing tax contracts.

Tax Contracts. 11 Section 2.09

Tax Contracts. Subservicer shall arrange for all transferable tax monitoring contracts to be transferred from Prior Servicer to Subservicer. To the extent that fully paid and transferable, life of loan, tax contracts are not transferred to Subservicer for all Assets as of the Transfer Date, Subservicer shall, upon prior approval from Xxxxxx Xxx with regard to such expense and vendor, obtain and maintain such contracts at Fannie Mae’s expense for each Asset.

Tax Contracts. The Seller shall cooperate with the Purchaser to accomplish an EDP tape transfer of any tax contracts that are in effect, and reasonably promptly following the Transfer Date the Seller shall assign to the Purchaser "life-of-loan" assignable tax contracts with Fidelity National Tax Service or another nationally recognized tax contract provider on each Mortgage Loan. The Seller shall also pay any fees required to transfer the existing transferable tax service contracts to the Purchaser. In the event that such a "Life-time" tax contract is not presently in force, not presently assignable to the Purchaser or not documented with a complete EDP tax record, the Seller agrees to pay all fees necessary to obtain a tax contract for the related Mortgage Loan.

Tax Contracts. The Company is not, nor has it ever been, a party to any tax sharing agreement, tax allocation agreement, tax indemnity obligation, “reportable transaction” or similar Contract or practice with respect to Taxes, that will, or could reasonably be expected to, require payment by the Company. The Company has not applied for any Tax ruling or entered into a closing agreement as described in Section 7121 of the Code (or any similar provision of state, local or foreign Tax law), or any other Contract related to Taxes with any Governmental Body, which may be binding on the Company following the Closing Date.

Tax Contracts. The Seller shall transfer to the TransAmerica “Life of Loan” tax contracts relating to each Mortgage Loan or pay to Purchaser a $69.00 per loan fee which fee shall be deducted from the Purchase Price on the Purchase Price Payment Date.

Tax Contracts. No later than the applicable Transfer Date, Seller shall assign to Purchaser the tax contracts with Fidelity National Tax Services on each Mortgage Loan, as applicable. In addition, Seller shall pay Fifteen Dollars ($15.00) per Mortgage Loan.

Tax Contracts. On the related Sale Date, Owner shall assign to Interim Servicer "life-time" or "life-of-loan," fully paid assignable tax contracts with Transamerica, Fidelity National Tax Service or another nationally recognized tax service provider for each Loan to the extent not previously assigned.

Tax Contracts. (a) Servicer shall cause TRETS to work with Subservicer’s designated tax service provider to deliver a comprehensive ADDS tape (AB383) for all first lien Mortgage Loans (other than (i) Mortgage Loans secured by Mortgaged Properties in Guam and Puerto Rico and (ii) Co-op Loans), whether escrowed or non-escrowed, no later than five (5) Business Days after the applicable Transfer Date. (b) With respect to all first lien Mortgage Loans other than (i) Mortgage Loans secured by Mortgaged Properties in Guam and Puerto Rico and (ii) Co-op Loans, Servicer shall transfer the related TRETS life-of-loan contracts to Subservicer’s designated tax service provider on the applicable Transfer Date. Within 60 days after each Transfer Date, Subservicer shall provide Servicer with a listing of all such Mortgage Loans for which Subservicer’s designated tax service provider did not receive the anticipated tax contract information from TRETS. Servicer shall have 30 days after receiving the listing to reconcile it and, for each such Mortgage Loan that did not have a life-of-loan tax service contract, shall remit to Subservicer (x) a fee of $[* * *] to purchase a tax service contract or (y) [* * *] to purchase a tax service contract for such Mortgage Loan.

Tax Contracts. The Seller shall provide at Seller’s expense “life of loan” TransAmerica Real Estate Tax Service tax contracts or the Seller shall pay to the Purchaser a contract fee of $69 per loan. Seller shall cooperate with the Purchaser to accomplish the purchase or transfer of tax contracts relating to each Mortgage Loan, within the time period provided in the Servicing Transfer Procedures. All tax service fees will be deducted from the Purchase Price on the Purchase Price Payment Date.