Examples of Group 1 Mortgage Loan in a sentence
Any such purchase shall be made by such Group 1 Special Servicer at a price equal to the Repurchase Price for such Group 1 Mortgage Loan.
No Group 1 Mortgage Loan contains a first lien mortgage that, at origination, exceeded the applicable loan limits specified below.
Solely with respect to the Group 1 Mortgage Loans, the Master Servicer will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e., favorable and unfavorable) on its credit files for the related Mortgagor for each Group 1 Mortgage Loan to Equifax, Experian and Trans Union Credit Information Company on a monthly basis.
In connection with the transfer of the servicing of any Group 1 Mortgage Loan to a Group 1 Special Servicer, the Transferring Servicer, at such Group 1 Special Servicer’s expense, shall deliver to such Group 1 Special Servicer all documents and records relating to such Group 1 Mortgage Loans and an accounting of amounts collected or held by it and otherwise use its best efforts to effect the orderly and efficient transfer of the servicing to such Group 1 Special Servicer.
Upon the transfer of the servicing of any such Group 1 Mortgage Loan to a Group 1 Special Servicer, such Group 1 Special Servicer shall be entitled to the applicable Servicing Fee and other compensation accruing after the servicing transfer date with respect to such Mortgage Loans pursuant to Section 3.14.