Freddie Mac Servicing Contract definition

Freddie Mac Servicing Contract means the unitary, indivisible master servicing contract comprising all the rights, duties, obligations, representations, warranties, covenants and agreements between Borrower and Freddie Mac, as set forth in the ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ Documents.
View Source
Freddie Mac Servicing Contract means collectively, with respect to each Freddie Mac Mortgage Loan, (i) the unitary, indivisible master servicing agreement described in the ▇▇▇▇▇▇▇ Mac Agency Guide entered into between Freddie Mac and the Borrower, (ii) the Freddie Mac Purchase Documents, (iii) the ▇▇▇▇▇▇▇ Mac Agency Guide, (iv) any Bulletins (as defined in the ▇▇▇▇▇▇▇ Mac Agency Guide, (v) any agreement pursuant to which the Borrower provides a guaranty or any form of credit enhancement in connection with the sale of Freddie Mac Mortgage Loans to Freddie Mac (vi) the Servicer Success Scorecard (as defined in the ▇▇▇▇▇▇▇ Mac Agency Guide), (vii) any other document designated to be a ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ Document by Freddie Mac, (viii) the Guide Plus Additional Provisions (as defined in the ▇▇▇▇▇▇▇ Mac Agency Guide) and (ix) any other additional terms applicable to the sale of Freddie Mac Mortgage Loans, such as written waivers, amendments or supplements to the Freddie Mac Agency Guide that are made available to the Borrower by Freddie Mac through electronic means including sources designated by Freddie Mac for distribution of the ▇▇▇▇▇▇▇ Mac Agency Guide, as any or all of the items in (i) through (ix) inclusive may be amended, modified, restated, supplemented or replaced from time to time..
View Source
Freddie Mac Servicing Contract means collectively, with respect to each Freddie Mac Mortgage Loan, (i) the unitary, indivisible master servicing agreement described in the Freddie Mac Agency Guide entered into between Freddie Mac and the Borrower, (ii) the Freddie Mac Purchase Documents, (iii) the Freddie Mac Agency Guide, (iv) any Bulletins (as defined in the Freddie Mac Agency Guide, (v) any agreement pursuant to which the Borrower provides a guaranty or any form of credit enhancement in connection with the sale of Freddie Mac Mortgage Loans to Freddie Mac (vi) the Servicer Success Scorecard (as defined in the Freddie Mac Agency Guide), (vii) any other document designated to be a Freddie Mac Purchase Document by Freddie Mac, (viii) the Guide Plus Additional Provisions (as defined in the Freddie Mac Agency Guide) and (ix) any other additional terms applicable to the sale of Freddie Mac Mortgage Loans, such as written waivers, amendments or supplements to the Freddie Mac Agency Guide that are made available to the Borrower by Freddie Mac through electronic means including sources designated by Freddie Mac for distribution of the Freddie Mac Agency Guide, as any or all of the items in (i) through (ix) inclusive may be amended, modified, restated, supplemented or replaced from time to time..
View Source

Examples of Freddie Mac Servicing Contract in a sentence

  • Lender may not sell or assign any security interest in the Freddie Mac Servicing Contract Rights, in whole or in part, or any of its rights or obligations under this Agreement, except as may be expressly set forth in the Freddie Mac Acknowledgment Agreement and subject to Freddie Mac’s prior written consent.

  • The Freddie Mac Servicing Contract Rights and related Collateral may only be pledged, and the proceeds of the Loans may only be used, for the purposes set forth in the Freddie Mac Acknowledgment Agreement.

  • Any engagement by Borrower of any subservicer or servicer to perform the servicing function with respect to Mortgage Loans for which Borrower is servicer of record for Freddie Mac under the Freddie Mac Servicing Contract, other than a Freddie Mac Approved Subservicer pursuant to a Freddie Mac Approved Subservicing Agreement, shall be void ab initio and of no force and effect.

  • The rights, interests, powers and prerogatives of Freddie Mac constitute an “adverse claim” relating to a “financial asset” (as defined in Article 8 of the UCC) with respect to any Freddie Mac Servicing Contract Rights, any Collateral or the Freddie Mac Servicing Contract, and any payments under any such agreement (including without limitation any Freddie Mac Minimum Servicing Compensation).

  • The Lender has no rights arising under or is a third party beneficiary (in each case either directly or indirectly) under any Third Party Lender Acknowledgment Agreement, and shall not contest, delay, obstruct, hinder or interfere in any way, directly or indirectly, with Freddie Mac’s exercise of its rights pursuant to any Third Party Acknowledgment Agreement or the Freddie Mac Servicing Contract as it relates to any Third Party Acknowledgment Agreement or any Third Party Lender Secured Financing.

  • As soon as possible, but in any event within one (1) Business Day, of any Freddie Mac Servicing Contract Rights being included by Borrower on a (i) Prospective Mortgage Loan List or (ii) Transfer List (as such terms are defined in the related Freddie Mac VPC Agreement), in each case, delivered to Freddie Mac pursuant to a Freddie Mac VPC Agreement, Borrower shall furnish to Lender a schedule of such Freddie Mac Servicing Contract Rights and the proposed VPC Servicing Transfer Date.

  • None of the Freddie Mac Servicing Contract, any Freddie Mac Servicing Contract Rights or any Collateral is a “security” within the meaning of the UCC.

  • With respect to any Person other than ▇▇▇▇▇▇▇▇ and Freddie Mac and, to the extent of the security interest set forth in Section 4.01, of ▇▇▇▇▇▇, no other Person has any interest in the Freddie Mac Servicing Contract Rights, the Collateral or the Freddie Mac Servicing Contract.

  • The Freddie Mac Servicing Contract Rights and Freddie Mac Pledged Collateral only secure the Advances made by Borrower under this Agreement and do not secure any indebtedness or obligations of any party other than Borrower under this Agreement, if applicable, or any indebtedness or obligations of Borrower or any other person under any other financing arrangement with Bank or any other person.

  • Neither the Freddie Mac Servicing Contract Rights nor any related Collateral is a “security” within the meaning of the UCC.