Common use of Custodial Responsibilities Clause in Contracts

Custodial Responsibilities. Each Custodian shall provide access to the Mortgage Loan documents in possession of the Custodian regarding the related Mortgage Loans and REO Property and the servicing thereof to the Trustee, the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC, such access being afforded only upon reasonable prior written request (but in no event less than 48 hours) and during normal business hours at the office of the Custodian. Each Custodian shall allow representatives of the above entities to photocopy any of the records and documentation and shall provide equipment for that purpose at the expense of the person requesting such access. Upon receipt of a written request by a Servicer in a form acceptable to the applicable Custodian, the Custodian shall release within five Business Days the related Mortgage File to the Servicer and the Trustee shall execute and deliver to the Servicer, without recourse, a request for reconveyance, deed of reconveyance or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage (furnished by such Servicer), together with the Mortgage Note.

Appears in 3 contracts

Samples: Trust Agreement (GSAA Home Equity Trust 2005-11), Master Servicing and Trust Agreement (GSAA Home Equity Trust 2006-1), Trust Agreement (GSAA Home Equity Trust 2005-14)

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Custodial Responsibilities. Each The Custodian shall provide access to the Mortgage Loan documents in possession of the Custodian regarding the related Mortgage Loans and REO Property and the servicing thereof to the Trustee, the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC, such access being afforded only upon reasonable prior written request (but in no event less than 48 hours) and during normal business hours at the office of the Custodian. Each The Custodian shall allow representatives of the above entities to photocopy any of the records and documentation and shall provide equipment for that purpose at the expense of the person requesting such access. Upon receipt of a written request by a Servicer in a form acceptable to the applicable Custodian, the Custodian shall release within five Business Days the related Mortgage File to the Servicer Servicer, and the Trustee shall execute and deliver to the Servicer, without recourse, a request for reconveyance, deed of reconveyance or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage (furnished by such Servicer), together with the Mortgage Note.

Appears in 2 contracts

Samples: Trust Agreement (GSAA Home Equity Trust 2006-2), Trust Agreement (GSAA Home Equity Trust 2005-15)

Custodial Responsibilities. Each Custodian shall provide access to the Mortgage Loan documents in possession of the Custodian regarding the related Mortgage Loans and REO Property and the servicing thereof to the Trustee, the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC, such access being afforded only upon reasonable prior written request (but in no event less than 48 hours) and during normal business hours at the office of the Custodian. Each Custodian shall allow representatives of the above entities to photocopy any of the records and documentation and shall provide equipment for that purpose at the expense of the person requesting such access. Upon receipt of a written request by a Servicer in a form acceptable to the applicable Custodian, in any case substantially in the form of Exhibit V hereto, the Custodian shall release within five (5) Business Days the related Mortgage File to the Servicer and the Trustee shall execute and deliver to the Servicer, without recourse, a request for reconveyance, deed of reconveyance or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage (furnished by such Servicer), together with the Mortgage Note.

Appears in 2 contracts

Samples: Servicing Agreement (GSAA Home Equity Trust 2006-3), Servicing Agreement (GSAA Home Equity Trust 2006-3)

Custodial Responsibilities. Each Custodian shall provide access to the Mortgage Loan documents in possession of the Custodian regarding the related Mortgage Loans and REO Property and the servicing thereof to the Trustee, the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC, such access being afforded only upon reasonable prior written request (but in no event less than 48 hours) and during normal business hours at the office of the Custodian. Each Custodian shall allow representatives of the above entities to photocopy any of the records and documentation and shall provide equipment for that purpose at the expense of the person requesting such access. Upon receipt of a written request by a Servicer in a form acceptable to the applicable Custodian (including, in the case of Wells Fargo, as a Custodian, a request for release in the Form of Xxxxbit M hereto), the Custodian shall release within five Business Days the related Mortgage File to the Servicer and the Trustee shall execute and deliver to the Servicer, without recourse, a request for reconveyance, deed of reconveyance or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage (furnished by such Servicer), together with the Mortgage Note.

Appears in 1 contract

Samples: Trust Agreement (GSAA Home Equity Trust 2005-7)

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Custodial Responsibilities. Each Custodian shall provide access to the Mortgage Loan documents in possession of the Custodian regarding the related Mortgage Loans and REO Property and the servicing thereof to the Trustee, the Certificateholders, the FDIC, and the supervisory agents and examiners of the FDIC, such access being afforded only upon reasonable prior written request (but in no event less than 48 hours) and during normal business hours at the office of the Custodian. Each Custodian shall allow representatives of the above entities to photocopy any of the records and documentation and shall provide equipment for that purpose at the expense of the person requesting such access. Upon receipt of a written request by a Servicer in a form acceptable to the applicable Custodian, in any case substantially in the form of Exhibit L hereto, the Custodian shall release within five (5) Business Days the related Mortgage File to the Servicer and the Trustee shall execute and deliver to the Servicer, without recourse, a request for reconveyance, deed of reconveyance or release or satisfaction of mortgage or such instrument releasing the lien of the Mortgage (furnished by such Servicer), together with the Mortgage Note.

Appears in 1 contract

Samples: Servicing Agreement (GSAA Home Equity Trust 2006-5)

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