Examples of GreenPoint Servicing Agreement in a sentence
The income earned from Permitted Investments made pursuant to this Section 4.01 shall be paid to the Servicer under the GreenPoint Servicing Agreement, and the risk of loss of moneys required to be distributed to the Certificateholders resulting from such investments shall be borne by and be the risk of the Servicer.
To the extent provided in the GreenPoint Servicing Agreement, the Protected Account shall be held in a Designated Depository Institution and segregated on the books of such institution in the name of the Trustee for the benefit of Certificateholders.
The Servicer (to the extent provided in the GreenPoint Servicing Agreement) shall deposit the amount of any such loss in the Protected Account within two Business Days of receipt of notification of such loss but not later than the second Business Day prior to the Distribution Date on which the moneys so invested are required to be distributed to the Certificateholders.
Those Mortgage Loans subject to this Agreement which were purchased by the Seller from GreenPoint pursuant to the GreenPoint Servicing Agreement.
If applicable law prohibits the enforcement of a due-on-sale clause or such clause is otherwise not enforced in accordance with the GreenPoint Servicing Agreement, and, as a consequence, a Mortgage Loan is assumed, the original Mortgagor may be released from liability in accordance with the GreenPoint Servicing Agreement.