Common use of Transfer of Servicing for Certain Mortgage Loans Clause in Contracts

Transfer of Servicing for Certain Mortgage Loans. Prior to the Servicing Transfer Date, New Century Mortgage Corporation shall be the Servicer of the Mortgage Loans and shall service the Mortgage Loans in accordance with the terms of this Agreement, including, but not limited to, the obligation to pay amounts in respect of Prepayment Interest Shortfalls (as set forth in Section 3.24) and to make P&I Advances and Servicing Advances (as set forth in Section 4.01) and in accordance with customary industry procedures.

Transfer of Servicing for Certain Mortgage Loans. Prior to the Servicing Transfer Date, New Century Mortgage Corporation shall be the Servicer of the Mortgage Loans through and including October 31, 2006 and shall service the Mortgage Loans in accordance with the terms of this Agreement, including, but not limited to, the obligation to pay amounts in respect of Prepayment Interest Shortfalls (as set forth in Section 3.24) and to make P&I Advances and Servicing Advances (as set forth in Section 4.01Sections 3.26 and 4.03) and in accordance with customary industry proceduresprocedures and all reporting requirements applicable to the Servicer (as set forth in Sections 3.20, 3.21 and 4.07).

Transfer of Servicing for Certain Mortgage Loans. Prior to the Servicing Transfer Date, New Century Mortgage Corporation shall be the Servicer of the Mortgage Loans through and including February 1, 2007 and shall service the Mortgage Loans originated by New Century Mortgage Corporation in accordance with the terms of this Agreement, including, but not limited to, the obligation to pay amounts in respect of Prepayment Interest Shortfalls (as set forth in Section 3.24) and to make P&I Advances and Servicing Advances (as set forth in Section 4.01Sections 3.26 and 4.03) and in accordance with customary industry proceduresprocedures and all reporting requirements applicable to the Servicer (as set forth in Sections 3.20, 3.21 and 4.07).

Transfer of Servicing for Certain Mortgage Loans. Prior to the Servicing Transfer Date, New Century Mortgage Corporation shall be the Servicer of the Mortgage Loans through and including July 31, 2006 and shall service the Mortgage Loans in accordance with the terms of this Agreement, including, but not limited to, the obligation to pay amounts in respect of Prepayment Interest Shortfalls (as set forth in Section 3.24) and to make P&I Advances and Servicing Advances (as set forth in Section 4.01Sections 3.26 and 4.03) and in accordance with customary industry proceduresprocedures and all reporting requirements applicable to the Servicer (as set forth in Sections 3.20, 3.21 and 4.07).