Concerning the Trustee and the Securities Administrator Events of Default Sample Clauses

Concerning the Trustee and the Securities Administrator Events of Default. SECTION 6.01 Duties of Trustee and the Securities Administrator.
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Concerning the Trustee and the Securities Administrator Events of Default. Section 6.01 Duties of Trustee and Securities Administrator. 80 Section 6.02 Certain Matters Affecting the Trustee and the Securities Administrator. Section 6.03 Trustee and Securities Administrator Not Liable for Certificates. 85 Section 6.04 Trustee and the Securities Administrator May Own Certificates. Section 6.05 Eligibility Requirements for Trustee and Securities Administrator. 85 Section 6.06 Resignation and Removal of Trustee and the Securities Administrator. Section 6.07 Successor Trustee and Successor Securities Administrator. Section 6.08 Merger or Consolidation of Trustee or the Securities Administrator. Section 6.09 Appointment of Co-Trustee, Separate Trustee or Custodian. 88 Section 6.10 Authenticating Agents. 90 Section 6.11 Indemnification of Trustee and Securities Administrator. 91 Section 6.12 Fees and Expenses of Securities Administrator, Trustee and Custodians. 91 Section 6.13 Collection of Monies.
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Concerning the Trustee and the Securities Administrator Events of Default. 69 Section 6.01. Duties of Trustee and Securities Administrator.......................... 69 Section 6.02. Certain Matters Affecting the Trustee and the Securities Administrator.. 71 Section 6.03. Trustee and Securities Administrator Not Liable for Certificates or Mortgage Loans.......................................................... 72 Section 6.04. Trustee and Securities Administrator May Own Certificates............... 73 Section 6.05. Eligibility Requirements for Trustee and Securities Administrator....... 73 Section 6.06. Resignation and Removal of Trustee and Securities Administrator......... 73 Section 6.07. Successor Trustee or Successor Securities Administrator................. 74 Section 6.08. Merger or Consolidation of Trustee or Securities Administrator.......... 75 Section 6.09. Appointment of Co-Trustee, Separate Trustee or Custodian................ 75 Section 6.10. Authenticating Agents................................................... 77 Section 6.11. Indemnification of Trustee and Securities Administrator................. 78 Section 6.12. Fees and Expenses of the Trustee and Securities Administrator........... 78 Section 6.13. Collection of Monies.................................................... 78
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Concerning the Trustee and the Securities Administrator Events of Default. 96 SECTION 6.01 Duties of Trustee and the Securities Administrator. 96 SECTION 6.02 Certain Matters Affecting the Trustee and the Securities Administrator. 100 SECTION 6.03 Trustee and Securities Administrator Not Liable for Certificates. 101 SECTION 6.04 Trustee and the Securities Administrator May Own Certificates. 102 SECTION 6.05 Eligibility Requirements for Trustee. 102 SECTION 6.06 Resignation and Removal of Trustee and the Securities Administrator. 102 SECTION 6.07 Successor Trustee and Successor Securities Administrator. 104 SECTION 6.08 Merger or Consolidation of Trustee or the Securities Administrator. 104 SECTION 6.09 Appointment of Co-Trustee, Separate Trustee or Custodian. 105 SECTION 6.10 Authenticating Agents. 106 SECTION 6.11 Indemnification of the Trustee, the Master Servicer and the Securities Administrator. 107
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Concerning the Trustee and the Securities Administrator Events of Default. 80 Section 6.01 Duties of Trustee and the Securities Administrator. 80 Section 6.02 Certain Matters Affecting the Trustee and the Securities Administrator. Section 6.03 Trustee and Securities Administrator Not Liable for Certificates. 85 Section 6.04 Trustee and the Securities Administrator May Own Certificates. Section 6.05 Eligibility Requirements for Trustee. 85 Section 6.06 Resignation and Removal of Trustee and the Securities Administrator. Section 6.07 Successor Trustee and Successor Securities Administrator. Section 6.08 Merger or Consolidation of Trustee or the Securities Administrator. Section 6.09 Appointment of Co-Trustee, Separate Trustee or Custodian. 88 Section 6.10 Authenticating Agents. 90
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Concerning the Trustee and the Securities Administrator Events of Default. ...62 Section 6.01 Duties of Trustee and the Securities Administrator...........................62 Section 6.02 Certain Matters Affecting the Trustee and the Securities Administrator.......65 Section 6.03 Trustee and Securities Administrator Not Liable for Certificates.............67 Section 6.04 Trustee and the Securities Administrator May Own Certificates................67 Section 6.05
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Concerning the Trustee and the Securities Administrator Events of Default 
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Related to Concerning the Trustee and the Securities Administrator Events of Default

  • CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR Section 8.1

  • Certain Matters Affecting the Trustee and the Securities Administrator Except as otherwise provided in Section 6.01:

  • Duties of Trustee and the Securities Administrator (a) The Trustee, except during the continuance of an Event of Default, and the Securities Administrator each undertake to perform their respective duties and only such duties as are specifically set forth in this Agreement. Any permissive right of the Trustee and the Securities Administrator provided for in this Agreement shall not be construed as a duty of the Trustee or the Securities Administrator, as the case may be. If an Event of Default has occurred and has not otherwise been cured or waived, the Trustee shall exercise such of the rights and powers vested in it by this Agreement and use the same degree of care and skill in their exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs.

  • Resignation and Removal of Trustee and the Securities Administrator (a) Each of the Trustee and the Securities Administrator may at any time resign and be discharged from the trust hereby created by giving 60 days’ written notice thereof to the Trustee or the Securities Administrator, as applicable, the Depositor and the Master Servicer. Upon receiving such notice of resignation, the Depositor will promptly appoint a successor trustee or a successor securities administrator, as applicable, by written instrument, one copy of which instrument shall be delivered to the resigning Trustee or resigning Securities Administrator, as applicable, one copy to the successor trustee or successor securities administrator, as applicable, and one copy to the Master Servicer. If no successor trustee or successor securities administrator shall have been so appointed and shall have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Trustee or resigning Securities Administrator, as applicable, may petition any court of competent jurisdiction for the appointment of a successor trustee or successor securities administrator, as applicable. In the case of any such resignation by the Securities Administrator, if no successor securities administrator shall have been appointed and shall have accepted appointment within 60 days after the Securities Administrator ceases to be the Securities Administrator pursuant to this Section 6.06, then the Trustee shall perform the duties of the Securities Administrator pursuant to this Agreement and shall be entitled to the fees of the Securities Administrator for so long as the Trustee performs such duties; provided, however, that the Trustee may engage a qualified entity to perform the duties of the Securities Administrator under Sections 6.21, 6.22, 6.23, 6.24 and 11.16 of this Agreement. The successor trustee shall notify each Rating Agency through the Rule 17g-5 Information Provider, the Servicers, the Servicing Administrator and the Master Servicer of any change of Trustee and the successor securities administrator shall notify each Rating Agency through the Rule 17g-5 Information Provider, the Servicers, the Servicing Administrator and the Master Servicer of any change of Securities Administrator.

  • Certain Matters Affecting the Trustee and the Certificate Administrator (a) Except as otherwise provided in Section 8.01 of this Agreement:

  • Remedies of the Trustee and Securityholders on Event of Default SECTION 5.1 Event of Default Defined; Acceleration of Maturity; Waiver of Default. "

  • Duties of the Trustee and the Certificate Administrator (a) The Trustee, prior to the occurrence of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge and after the curing or waiver of all Servicer Termination Events which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement and no permissive right of the Trustee shall be construed as a duty. During the continuance of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge, the Trustee, subject to the provisions of Section 7.02 and Section 7.04 of this Agreement, shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. The Certificate Administrator undertakes to perform at all times such duties and only such duties as are specifically set forth in this Agreement and no permissive right of the Certificate Administrator shall be construed as a duty.

  • Rights of the Depositor and the Trustee in Respect of the Servicer The Depositor may, but is not obligated to, enforce the obligations of the Servicer hereunder and may, but is not obligated to, perform, or cause a designee to perform, any defaulted obligation of the Servicer hereunder and in connection with any such defaulted obligation to exercise the related rights of the Servicer hereunder; provided that the Servicer shall not be relieved of any of its obligations hereunder by virtue of such performance by the Depositor or its designee. Neither the Trustee nor the Depositor shall have any responsibility or liability for any action or failure to act by the Servicer nor shall the Trustee or the Depositor be obligated to supervise the performance of the Servicer hereunder or otherwise. Any Subservicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Subservicer in its capacity as such shall be deemed to be between the Subservicer and the Servicer alone, and the Trustee and Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Subservicer except as set forth in Section 3.07. The Servicer shall be solely liable for all fees owed by it to any Subservicer, irrespective of whether the Servicer's compensation pursuant to this Agreement is sufficient to pay such fees.

  • Representations and Warranties of the Property Trustee and the Delaware Trustee The Property Trustee and the Delaware Trustee, each severally on behalf of and as to itself, hereby represents and warrants for the benefit of the Depositor and the Holders that:

  • Rights of the Depositor and the Trustee in Respect of the Master Servicer The Depositor may, but is not obligated to, enforce the obligations of the Master Servicer hereunder and may, but is not obligated to, perform, or cause a designee to perform, any defaulted obligation of the Master Servicer hereunder and in connection with any such defaulted obligation to exercise the related rights of the Master Servicer hereunder; provided that the Master Servicer shall not be relieved of any of its obligations hereunder by virtue of such performance by the Depositor or its designee. Neither the Trustee nor the Depositor shall have any responsibility or liability for any action or failure to act by the Master Servicer nor shall the Trustee or the Depositor be obligated to supervise the performance of the Master Servicer hereunder or otherwise.

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