Appointment of REMIC Administrators. (a) The Certificate Administrator may appoint at the Certificate Administrator’s expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator in performing the functions set forth in Section 10.01 herein. The Certificate Administrator shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator from any of its obligations hereunder, and the Certificate Administrator shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, National Association is removed as Certificate Administrator, then Xxxxx Fargo Bank, National Association shall be terminated as REMIC Administrator.
Appointment of REMIC Administrators. ARTICLE XI
Appointment of REMIC Administrators. Section 8.15 Representations and Warranties of Trustee.................... Section 8.16 Appointment of the Paying Agent.............................. Section 8.17 Reports to the Securities and Exchange Commission; Available Information....................................... Section 8.18 Maintenance of Mortgage File.................................
Appointment of REMIC Administrators. (a) The Trustee may appoint one or more REMIC Administrators, which shall be authorized to act on behalf of the Trustee in performing the functions set forth in Sections 3.17 and 10.01 herein. Each REMIC Administrator must be acceptable to the Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities.
Appointment of REMIC Administrators. Section 8.15 Representations, Warranties and Covenants of Trustee......... Section 8.16
Appointment of REMIC Administrators. (a) The Trustee may appoint at the Trustee's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Trustee in performing the functions set forth in Section 10.01 herein. The Trustee shall cause any such REMIC Administrator to execute and deliver to the Trustee an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Trustee from any of its obligations hereunder, and the Trustee shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Trustee hereby agrees to act in such capacity in accordance with the terms hereof. If Wells Fargo Bank, N.A. is removed as Trustee, then Wells Fargo Bank, N.X. xxall be terminated as REMIC Administrator.
Appointment of REMIC Administrators. (a) The Certificate Administrator may appoint at the Certificate Administrator’s expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator in performing the functions set forth in Section 10.01 herein. The Certificate Administrator shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator from any of its obligations hereunder, and the Certificate Administrator shall remain responsible and liable for all acts and omissions of the REMIC
Appointment of REMIC Administrators. (a) The Trustee may appoint one or more REMIC Administrators, which shall be authorized to act on behalf of the Trustee in performing the functions set forth in Sections 2.10 and 5.10 herein. Each REMIC Administrator must be acceptable to the Depositor and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. The Trustee initially appoints CIT Consumer Finance as REMIC Administrator and CIT Consumer Finance hereby accepts such appointment. The fees and expenses of the REMIC Administrator shall be paid by the Master Servicer.
Appointment of REMIC Administrators. 35 SECTION 2.06.
Appointment of REMIC Administrators. (a) The Trustee may appoint one or more REMIC Administrators, which shall be authorized to act on behalf of the Trustee in performing the functions set forth in Section 5.10 herein. Each REMIC Administrator must be acceptable to the Depositor and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. The Trustee initially appoints CIT Consumer Finance as REMIC Administrator and CIT Consumer Finance hereby accepts such appointment. The fees and expenses of the REMIC Administrator shall be paid by the Master Servicer. The Depositor acknowledges that CIT Consumer Finance is an acceptable REMIC Administrator. If the Trustee makes appointments of REMIC Administrators in the future, the Trustee shall advise the Depositor of the identity of such REMIC Administrator, and the Depositor shall confirm in writing to the Trustee whether such Person is acceptable as REMIC Administrator. The Trustee shall not be liable for losses or liabilities to the Trust caused by any actions taken by any REMIC Administrator appointed by the Trustee.
