Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 32 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Home Equity Loan Trust 2005-4), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Nc8), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He6)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 14 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Nc4), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc Trusts 2002 He3), Pooling and Servicing Agreement (Mortgage Pass-Through Certificates Series 2004-Nc2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 13 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc Trust 2003-Nc7), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Wmc1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 13 contracts
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2007-Nc2), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2007-Br1), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Wm3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a provider mutually acceptable to each First Lien Mortgage Loan the Depositor and Servicer (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 12 contracts
Samples: Custodial Agreement (SABR LLC Trust 2006-Cb1), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2001-Nc2), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Nc1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as the Servicer of the related Mortgage Loan.
Appears in 12 contracts
Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff5), Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2006-Wmc1), Pooling and Servicing Agreement (Structured Asset Securities Corp)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien related Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 10 contracts
Samples: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Fremont Mortgage Securities Corp)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien related Mortgage Loan (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 9 contracts
Samples: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-E), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-C)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 9 contracts
Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp Mort Pass THR Cert Ser 2003-Fm1), Mortgage Loan Purchase and Warranties Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-Wmc1), Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a nationally recognized provider acceptable to each First Lien Mortgage Loan the Servicer (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (FFMLT Trust 2006-Ff4), Pooling and Servicing Agreement (FFMLT Trust 2005-Ff8), Pooling and Servicing Agreement (FFMLT Trust 2005-Ff11)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the TrusteeMaster Servicer, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He6), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan).
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2002-Ami), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2002 Am2), Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 2002-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 6 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Wmc1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Wmc1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Msac 2006-Nc1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer Servicer, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 5 contracts
Samples: Indemnification and Contribution Agreement (Sabr Trust 2005-Fr2), Pooling and Servicing Agreement (HASCO Trust 2005-Nc1), Pooling and Servicing Agreement (Sabr Trust 2005-Fr1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each Mortgage Loans serviced by such Servicer shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (GS Mortgage GSAMP Trust 2005-He1), Pooling and Servicing Agreement (Gsamp Trust 2005-He2), Pooling and Servicing Agreement (GSAMP Trust 2005-He3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each first lien Mortgage Loans serviced by such Servicer shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a nationally recognized provider acceptable to each First Lien Mortgage Loan the applicable Servicer (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer servicer of the related Mortgage Loan.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I, Inc. IXIS Real Estate Capital Trust 2006-He1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2006-He2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2006-He3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 4 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley Abs Capital I Inc), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust Series 2005-3), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Home Equity Loan Trust 2005-2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 4 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-1), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He9)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Nc7), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Nc6), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He6)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under ensure that each First Lien Mortgage Loan shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the TrusteeMaster Servicer (or successor servicer), or a successor Servicer as applicable, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-Fm2), Pooling and Servicing Agreement (GSAMP Trust 2007-Fm1), Pooling and Servicing Agreement (GSAMP Trust 2006-Fm2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First First-Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Mort Pass THR Certs Ser 2003-Nc10), Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc Mort Pas THR Cert Ser 2004 Nc1), Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc Mort Pas THR Cert Ser 2004 Nc1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First First-Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 3 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-3), Assignment and Recognition Agreement (Morgan Stanley Ixis Real Estate Capital Trust 2006-2), Indemnification and Contribution Agreement (Morgan Stanley Home Equity Loan Trust 2007-1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each Mortgage Loans serviced by such Servicer shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff2), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-Nc2), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-Nc2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (GSAMP Trust 2005-He4), Pooling and Servicing Agreement (GSAMP Trust 2005-He4)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to First-Lien each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Abs Capital I Inc Series 2004-He1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Abs Capital I Inc Series 2004-He1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (GSAMP Trust 2005-Ahl2), Pooling and Servicing Agreement (GSAMP Trust 2005-He6)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First First-Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the TrusteeMaster Servicer, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley IXIS Real Estate Capital Trust 2006-1), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2007-2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a provider mutually acceptable to each First Lien Mortgage Loan the Depositor and Servicer (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (C-Bass Mortgage Loan Trust 2007-Cb2), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Cb5)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract"”) serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer at the applicable Servicer's ’s expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc3), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce To the obligations under each extent a paid-in-full, life-of-the-loan tax service contract in effect with respect a provider mutually acceptable to each First Lien Mortgage Loan the Depositor and Servicer (each, a "Tax Service Contract") serviced is not provided by such Servicerthe Depositor, the Servicer shall ensure that each First Lien Mortgage Loan shall be covered by a Tax Service Contract. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Custodial Agreement (GSAMP Trust 2006-He2), Custodial Agreement (Gs Mortgage Securities Corp)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc Trust 2003-He2), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc Trust 2003-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract"”) serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc5), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He7)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First First-Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer Trust at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Assignment and Recognition Agreement (Natixis Real Estate Capital Trust 2007-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or its designee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2002-Nc3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned transferred to the Trustee, or a successor Servicer Servicer, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated for cause as Servicer of the related Mortgage Loan; otherwise such expense will be borne by the successor servicer.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2006-Nc1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gsaa Home Equity Trust 2004-5)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien related Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2003-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 2002-Op1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each first lien Mortgage Loans serviced by the Servicer shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a nationally recognized provider acceptable to each First Lien Mortgage Loan the Servicer (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer servicer of the related Mortgage Loan.
Appears in 1 contract
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each first lien Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a nationally recognized provider acceptable to each First Lien Mortgage Loan the Servicer (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a nationally recognized provider acceptable to each First Lien Mortgage Loan the Servicer (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc CDC Mor Cap Tr 2004-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, Trustee or a successor Servicer Servicer, at the applicable Servicer's expense in the event that a such Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2005-He1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the TrusteeMaster Servicer, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien such Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GS Mortgage Securities Corp. FFMLT Trust 2004-Ff3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract"”) serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gsamp Trust 2004-Sd1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer Servicer, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Rec LLC Trust 2004 Nc1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer Servicer, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HASCO Trust 2005-Nc2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, Trustee or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc Mort Pas THR Certs Ser 2003-Nc9)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loanterminated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Op1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp Gsamp Trust 2004-He1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GS Mortgage GSAMP Trust 2004-Sea2)
