Concerning the Custodians Sample Clauses

Concerning the Custodians. To the extent a Custodian is an affiliate of the Depositor, such Custodian shall at all times be an entity organized and doing business under the laws of any state or the United States of America, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $15,000,000, having a rating of at least “BBB/F2” or the equivalent rating from a Rating Agency and subject to supervision or examination by federal or state authority. If such entity publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time such Custodian shall cease to be eligible in accordance with the provisions of this section, such Custodian shall transfer the Trustee Mortgage Files to a successor custodian appointed by the Depositor and resign immediately upon such transfer. No successor custodian shall accept appointment unless at the time of such acceptance such successor custodian shall be eligible under the provisions stated above. In the event of any such removal, the Custodian shall promptly transfer to the successor Custodian, as directed in writing by the Trustee, all of the Trustee Mortgage Files being administered under the applicable Custodial Agreement. The costs of the shipment of the Trustee Mortgage Files in connection with such removal shall be at the expense of the Custodian. The applicable Servicer shall be responsible for the fees and expenses of the Successor Custodian.
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Concerning the Custodians. Section 14.01 Certain Matters Affecting the Custodians 94 Section 14.02 Indemnification; Third-Party Claims 95 Exhibit A Form of Trust Receipt Exhibit B Form of Final Certification Exhibit C Form of Rule 144A Agreement - QIB Certification Exhibit D Form of Purchaser’s Letter for Institutional Accredited Investor Exhibit E Form of Benefit Plan Affidavit Exhibit F Residual Transfer Affidavit Exhibit G Transferor Certificate Exhibit H Form of Securities Administrator Certification Exhibit I Form of Master Servicer Certificate Exhibit J Form of Request for Release Exhibit K Form of Certification Regarding Servicing Criteria to be Addressed in Report on Assessment of Compliance Exhibit L Form 8-K Disclosure Information Exhibit M Additional Form 10-D Disclosure Exhibit N Additional Form 10-K Disclosure Schedule I Remittance Report RECITALS GS Mortgage Securities Corp. (the “Depositor”), a trustee (together with its successors and assigns, the “Trustee”), a securities administrator (together with its successors and assigns, the “Securities Administrator”), one or more custodians (each, together with its successors and assigns, a “Custodian” and collectively, the “Custodians”), and a master servicer (together with it successors and assigns, the “Master Servicer”) identified in the Trust Agreement (as defined below), have entered into the Trust Agreement that provides for the issuance of mortgage pass-through certificates (the “Certificates”) that in the aggregate evidence the entire interest in Mortgage Loans or certificates or securities evidencing an interest therein and other property owned by the Trust created by such Trust Agreement. These Standard Terms are a part of, and are incorporated by reference into, the Trust Agreement. STANDARD PROVISIONS
Concerning the Custodians. Section 14.01 Certain Matters Affecting the Custodians
Concerning the Custodians. Section 14.01

Related to Concerning the Custodians

  • Concerning the Custodian Section 3.1 Custodian a Bailee and Agent of the Trustee. With respect to each Mortgage Note, Mortgage and other documents constituting each Mortgage File which are delivered to the Custodian, the Custodian is exclusively the bailee and agent of the Trustee and has no instructions to hold any Mortgage Note or Mortgage for the benefit of any person other than the Trustee and the Certificateholders and undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. Except upon compliance with the provisions of Section 2.5 of this Agreement, no Mortgage Note, Mortgage or other document constituting a part of a Mortgage File shall be delivered by the Custodian to the Company or the Master Servicer or otherwise released from the possession of the Custodian. The Master Servicer shall promptly notify the Custodian in writing if it shall no longer be a member of MERS, or if it otherwise shall no longer be capable of registering and recording Mortgage Loans using MERS. In addition, the Master Servicer shall (i) promptly notify the Custodian in writing when a MERS Mortgage Loan is no longer registered with and recorded under MERS and (ii) concurrently with any such deregistration of a MERS Mortgage Loan, prepare, execute and record an original assignment from MERS to the Trustee and deliver such assignment to the Custodian.

  • Concerning the Trustees The provisions of this Agreement shall not affect the rights and obligations of the Accepting Trustees under the applicable Governing Agreements, which shall equally apply to all of such Trustee’s rights and obligations under this Settlement Agreement. Nothing in this Settlement Agreement shall be construed to imply that any Trustee owes any greater duties under the Governing Agreements than it would otherwise owe under those agreements.

  • Concerning the Bank 1. The Bank shall not be liable and shall be fully protected in acting upon any oral instruction, writing or document reasonably believed by it to be genuine and to have been given, signed or made by the proper person or persons and shall not be held to have any notice of any change of authority of any person until receipt of written notice thereof from an Officer of the Customer. It shall also be protected in processing Share certificates which it reasonably believes to bear the proper manual or facsimile signatures of the duly authorized Officer or Officers of the Customer and the proper countersignature of the Bank.

  • Concerning the Owner Trustee 17 Section 7.01 Acceptance of Trusts and Duties............................................................17 Section 7.02 Furnishing of Documents....................................................................19 Section 7.03

  • Information Concerning the Company Buyer has conducted its own due diligence with respect to the Company and its liabilities and believes it has enough information upon which to base an investment decision in the Stock. Buyer acknowledges that Seller has made no representations with respect to the Company, its status, or the existence or non-existence of liabilities in the Company except as explicitly stated in this Agreement. Buyer is taking the Company “as is” and acknowledges and assumes all liabilities of the Company.

  • Concerning the Collateral Agent The provisions of Article IX of the Credit Agreement shall inure to the benefit of the Collateral Agent in respect of this Agreement and shall be binding upon all Loan Parties and all Finance Parties and upon the parties hereto in such respect. In furtherance and not in derogation of the rights, privileges and immunities of the Collateral Agent therein set forth:

  • CONCERNING THE TRUSTEE Section 8.01 Duties of the Trustee........................................ Section 8.02 Certain Matters Affecting the Trustee........................ Section 8.03 Trustee Not Liable for Certificates or Mortgage Loans........ Section 8.04 Trustee May Own Certificates................................. Section 8.05 Trustee's Fees and Expenses.................................. Section 8.06 Eligibility Requirements for the Trustee..................... Section 8.07 Resignation and Removal of the Trustee....................... Section 8.08

  • Concerning the Escrow Agent 6.1. The Escrow Agent undertakes to perform only such duties as are expressly set forth herein and no implied duties or obligations shall be read into this Agreement against the Escrow Agent.

  • Concerning the Holders Section 8.01. Action by Holders 45 Section 8.02. Proof of Execution by Holders 45 Section 8.03. Who Are Deemed Absolute Owners 45 Section 8.04. Company-Owned Notes Disregarded 46 Section 8.05. Revocation of Consents; Future Holders Bound 46

  • Representations of the Custodian The Custodian hereby represents that it is a depository institution subject to supervision or examination by a federal or state authority, has a combined capital and surplus of at least $15,000,000 and is qualified to do business in the jurisdictions in which it will hold any Mortgage File.

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