Examples of Washington Mutual Servicing Agreement in a sentence
Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Washington Mutual Servicing Agreement.
The Master Servicer shall terminate the rights and obligations of any Designated Servicer under the related Designated Servicing Agreement, upon the failure of such Designated Servicer to perform any of its obligations under the related Designated Servicing Agreement, which failure results in an event of default as provided in Section 9.01 of the Xxxxxx Servicing Agreement, with respect to Xxxxxx and Section 6.1 of the Washington Mutual Servicing Agreement, with respect to Washington Mutual.
Each Mortgage Loan will be master serviced by the Master Servicer under the Pooling and Servicing Agreement and serviced by the related Servicer on behalf of the Trust under the Pooling and Servicing Agreement or under the SPS Servicing Agreement, IndyMac Servicing Agreement or Washington Mutual Servicing Agreement, as applicable, and the Seller has represented to the Purchaser that the Mortgage Loans are not subject to any other servicing agreements with third parties.
It is understood and agreed between the Seller and the Purchaser that the Mortgage Loans are to be delivered free and clear of any servicing agreements (other than the SPS Servicing Agreement, IndyMac Servicing Agreement and Washington Mutual Servicing Agreement, each of which will be assigned to the Purchaser as of the date hereof).
For so long as the Master Servicer master services a Mortgage Loan and the related Servicers service such Mortgage Loan, the Master Servicer shall be entitled to the Master Servicing Fee and the Servicer shall be entitled to the servicing fee with respect to such Mortgage Loan and such other payments as provided for under the terms of the Pooling and Servicing Agreement and the SPS Servicing Agreement, IndyMac Servicing Agreement or Washington Mutual Servicing Agreement, as applicable.