Additional Collateral Servicing Agreement definition

Additional Collateral Servicing Agreement. Not applicable.

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Additional Collateral Servicing Agreement. The Additional Collateral Transfer and Servicing Agreement, dated as of November 1, 2001, between MLCC and the Master Servicer.

Additional Collateral Servicing Agreement. The Additional Collateral Assignment and Servicing Agreement, dated as of April 26, 2001 between Cendant and the Seller (whereby MLCC retained its rights to service the Additional Collateral in accordance thereto).

Examples of Additional Collateral Servicing Agreement in a sentence

In addition, PHH Mortgage hereby assigns to the Purchaser all of its right, title and interest in and to the Additional Collateral Servicing Agreement with respect to the Additional Collateral Mortgage Loans, which right, title and interest shall be assigned by the Purchaser to the Trustee, for the benefit of the Certificateholders, pursuant to the Pooling and Servicing Agreement.
The Trustee, as assignee of the Additional Collateral Servicing Agreement, shall enforce the obligations of MLCC to service and administer the Additional Collateral as provided in the Additional Collateral Servicing Agreement, and shall take appropriate action thereunder if MLCC fails to substantially comply with its obligations to administer the Additional Collateral.
In the event the Trustee receives an indemnification payment from MLCC under Section 3 of the Additional Collateral Servicing Agreement that is attributable to losses resulting from MLCC's failure to administer the Additional Collateral in accordance with the terms of the Additional Collateral Servicing Agreement in connection with Additional Collateral Mortgage Loans, the Trustee shall deposit such amount in the Collection Account.
Notwithstanding anything herein to the contrary, the Master Servicer shall have no liability for the servicing of the Additional Collateral, including, without limitation, the perfection, continuation, partial release, release, termination, realization upon, substitution, foreclosure, sale, or any other matter with respect to the Additional Collateral, or the enforcement of the Additional Collateral Servicing Agreement.
In no event shall the Master Servicer have any duty or obligation to supervise, monitor or oversee the obligations of MLCC as servicer of the Additional Collateral under the Additional Collateral Servicing Agreement.
In the event the Trustee receives an indemnification payment from MLCC under Section 3 of the Additional Collateral Servicing Agreement that is attributable to losses resulting from MLCC’s failure to administer the Additional Collateral in accordance with the terms of the Additional Collateral Servicing Agreement in connection with Additional Collateral Mortgage Loans, the Trustee shall deposit such amount in the Collection Account.
If either the Trust Administrator or the Trustee receives an indemnification payment from an Additional Collateral Servicer under Section 4 of the Additional Collateral Servicing Agreement that is attributable to losses resulting from such Servicer’s failure to administer the Additional Collateral in accordance with the terms of the Additional Collateral Servicing Agreement in connection with Additional Collateral Mortgage Loans, such amounts shall be remitted to the Master Servicer.
Seller shall assign to Buyer all right, title and interest of Seller under the Additional Collateral Agreement and the Additional Collateral Servicing Agreement with respect to Additional Collateral Mortgage Loans transferred.
The Trust Administrator, as assignee of the Additional Collateral Servicing Agreement, shall enforce the obligations of the Additional Collateral Servicer to service and administer the Additional Collateral as provided in the Additional Collateral Servicing Agreement, and shall take appropriate action thereunder if the Additional Collateral Servicer fails to substantially comply with its obligations to administer the Additional Collateral.
Notwithstanding anything herein to the contrary, neither the Master Servicer nor the Trustee shall have any liability for the servicing of the Additional Collateral, including, without limitation, the perfection, continuation, partial release, release, termination, realization upon, substitution, foreclosure, sale, or any other matter with respect to the Additional Collateral, or the enforcement of the Additional Collateral Servicing Agreement.

More Definitions of Additional Collateral Servicing Agreement

Additional Collateral Servicing Agreement. The Additional Collateral Servicing Agreement, dated as of August 1, 2002, among Cendant, the Seller and Redwood Trust, Inc., as amended to date and modified by the related Acknowledgements, a copy of which is attached as Exhibit D.

Additional Collateral Servicing Agreement means, with respect to each Additional Collateral Mortgage Loan, the agreement between the related Additional Collateral Servicer and Seller, including any exhibits thereto, pursuant to which such Additional Collateral Servicer shall service and administer the related Additional Collateral.

Additional Collateral Servicing Agreement. The Additional Collateral Servicing Agreement, dated as of [DATE], among [SERVICER] and the Seller, a copy of which is attached as Exhibit D.

Additional Collateral Servicing Agreement. The Additional Collateral Servicing Agreement, dated as of August 1, 2002, between the Purchaser and Cendant.