Service Release definition
Examples of Service Release in a sentence
Except as set forth in subsection (b) of this Section 2.08 or in Section 9, all Mortgage Loan transfers shall be subject to and Serviced pursuant to this Agreement or as mutually agreed upon by the parties as evidenced by The Service Release and Transfer of Ownership Agreement attached hereto as Exhibit H.
Aurora as Prior Servicer will provide the Bankruptcy Service Release report within 3 Business Days after the related Servicing Transfer Date.
The Purchase Price for each eligible Mortgage Loan shall be based on the market price, plus Service Release Premium, adjusted as applicable based on the adjustment provisions posted on Purchaser’s rate sheets, in Purchaser’s Residential Lending Products Manual, and/or on the SRP Database (collectively, the “Product Pricing Materials”).
In the event the Owner terminates the Servicer without cause with respect to some or all of the Mortgage Loans during the Interim Servicing Period, with respect to each such Mortgage Loan the Owner shall be required to pay the Servicer the Service Release Fee as set forth in Exhibit 14.
Alltel users please provide BNK1 or Bankruptcy Service Release report.