Examples of SPS Serviced Mortgage Loans in a sentence
In connection with the foregoing, unless otherwise directed by DLJMC in writing on or prior to the first day of the second month following the Closing Date, DLJMC hereby directs SPS to resign as Servicer hereunder and appoints the Master Servicer to service the SPS Serviced Mortgage Loans, effective as of the first day of the third month following the Closing Date.
Any amounts payable by Customer pursuant to this Section shall be due within thirty (30) days of Customer’s receipt of an invoice therefor from Seller.
For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint and SPS to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration.
The Master Servicer agrees that, as of the first day of the third month following the Closing Date, it will service the SPS Serviced Mortgage Loans, and that such loans shall constitute Xxxxx Fargo Serviced Mortgage Loans, in accordance with the terms of this Agreement.
With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to the SPS Serviced Mortgage Loans, the UMS Serviced Mortgage Loans, the Xxxxx Fargo Serviced Mortgage Loans, Xxxxx Fargo Serviced CORE Mortgage Loans, and the Designated Mortgage Loans, for the related Prepayment Period.
The obligations of the Master Servicer to master service and administer the Mortgage Loans shall be limited to the SPS Serviced Mortgage Loans, the Xxxxx Fargo Serviced Mortgage Loans, the Bank of America Serviced Mortgage Loans and the Designated Mortgage Loans.
The obligations of the Master Servicer to master service and administer the Non-Designated Mortgage Loans shall be limited to the Xxxxx Fargo Serviced Mortgage Loans, the SPS Serviced Mortgage Loans and the Special Serviced Mortgage Loans.
For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of GreenPoint, SPS and Xxxxx Fargo to service and administer the GreenPoint Serviced Mortgage Loans, SPS Serviced Mortgage Loans and Xxxxx Fargo Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration.
With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to the SPS Serviced Mortgage Loans, the Bank of America Serviced Mortgage Loans, the Xxxxx Fargo Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period.
For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo and SPS to service and administer the Xxxxx Fargo Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration.