Examples of Servicing Fee Receivables in a sentence
The Issuer has pledged such rights to reimbursement for P&I Advances and Deferred Servicing Fee Receivables to an Indenture Trustee on behalf of certain noteholders.
For the avoidance of doubt, Nationstar, each Purchaser and the Depositor hereby acknowledge and agree (on behalf of themselves and their assignees and successors in interest) that the Purchaser has no right, title or interest in any P&I Advances or Deferred Servicing Fee Receivables that have been sold and/or contributed to the Depositor on or prior to the date hereof.
Each Issuer has pledged such rights to reimbursement for P&I Advances and Deferred Servicing Fee Receivables to an Indenture Trustee on behalf of certain noteholders.
The records shall include, but not be limited to, copies of the Servicer’s organizational documents and all amendments thereto, a current list of the names and last known business, residence or mailing addresses of all Owners, a current list of all Excess Servicing Fee Receivables and related Investment Pools, and the Servicer’s Federal, state or local tax returns.
Each Participation Interest shall be evidenced by a recording on the books and records of the Servicer naming the Certificateholder as an owner in the right to receive such Excess Servicing Fee Receivables.
Upon the execution and delivery the Purchase Agreement, the Purchase Agreement shall evidence a valid sale, transfer, assignment and conveyance of the Nationstar Additional Deferred Servicing Fee Receivables as of the Effective Date to Advance Purchaser prior to the final MSR Transfer Date, which is enforceable against creditors of and purchasers from Nationstar except as such enforceability may be limited by bankruptcy, insolvency or similar laws and by equitable principles.
If the Servicer receives any termination fee for termination of its role as servicer under the Agency Agreement, the Servicer shall pay over to the Certificateholder the portion (up to 100%) of such termination fee, not exceeding the fair value of the lost Excess Servicing Fee Receivables with respect to the Agency Agreement.
The Purchaser hereby acknowledges and agrees (on behalf of itself and its assignees and successors in interest) that it has been paid in respect of the Excess Servicing Fees related to the Deferred Servicing Fee Receivables that have been sold to HLSS or the applicable Depositor, as applicable, on or prior to the date of this disclaimer (this “Side Letter”).
Other material considerations include the National Planning Policy Framework (NPPF) and National Planning Policy Guidance (NPPG).
As of any Purchase Date with respect to any Excess Servicing Fee Receivables assigned on such date, neither the Servicer nor any other Person has taken any action that, or failed to take any action the omission of which, would materially impair its rights or the rights of its assignees, including, but not limited to, the Certificateholder, with respect to any Excess Servicing Fee Receivables.