Examples of Faxxxx Xae in a sentence
Each Sub-Servicer shall be (i) authorized to transact business in the state or states where the related Mortgaged Properties it is to service are situated, if and to the extent required by applicable law to enable the Sub-Servicer to perform its obligations hereunder and under the Sub-Servicing Agreement and (ii) a Frxxxxx Xac or Faxxxx Xae approved mortgage servicer.
Such insurance shall be with insurers approved by the Master Servicer and Faxxxx Xae or Frxxxxx Xac.
The Servicer shall keep in force during the term of this Agreement a Fidelity Bond and Errors and Omissions Insurance the minimum coverage of which shall be at least equal to the coverage required by Frxxxxx Xac in the Frxxxxx Xac Guide or Faxxxx Xax xn the Faxxxx Xae Guides (unless a waiver of such requirement has been obtained by the Servicer from either Frxxxxx Xac or Faxxxx Xae).
The Servicer is an approved seller/servicer of conventional residential mortgage loans for Faxxxx Xae or Frxxxxx Xac, with the facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans.
The Servicer shall also maintain a fidelity bond in the form and amount that would meet the requirements of Faxxxx Xax xr Frxxxxx Xac, unless the Servicer has obtained a waiver of such requirements from Faxxxx Xae or Frxxxxx Xac.
The Servicer is in good standing to service mortgage loans for Faxxxx Xae and Frxxxxx Xac.
In addition, with respect to any Mortgage Loan serviced for a Faxxxx Xax xool, the Servicer shall transmit full credit reporting data to each of such credit repositories in accordance with Faxxxx Xae Guide Announcement 95-19 (November 20, 1995), a copy of which is attached hereto as Exhibit G, reporting each of the following statuses, each month with respect to a Mortgage Loan in a Faxxxx Xax xool: New origination, current, delinquent (30-60-90-days, etc), foreclosed or charged off.
The foregoing indemnification shall be limited to the extent of the gross negligence or willful misconduct of the MBTA, its agents and employees.
The Servicer is in good standing to service mortgage loans for either Faxxxx Xae or Frxxxxx Xac.
The Servicer shall withdraw from the Custodial Account funds necessary for the proper operation, management and maintenance of the REO Property, including the cost of maintaining any hazard insurance pursuant to the Frxxxxx Xac or Faxxxx Xae Guides.