Documents, Records and Funds in Possession Sample Clauses

Documents, Records and Funds in Possession of the Master Servicer to be Held for the Trustee. The Master Servicer shall account fully to the Trustee for any funds it receives or otherwise collects as Liquidation Proceeds or Insurance Proceeds in respect of any Mortgage Loan. All Mortgage Files and funds collected or held by, or under the control of, the Master Servicer in respect of any Mortgage Loans, whether from the collection of principal and interest payments or from Liquidation Proceeds, including any funds on deposit in the Certificate Account, shall be held by the Master Servicer for and on behalf of the Trustee and shall be and remain the sole and exclusive property of the Trustee, subject to the applicable provisions of this Agreement. The Master Servicer also agrees that it shall not create, incur or subject any Mortgage File or any funds that are deposited in the Certificate Account, the Collection Account, Distribution Account, or any Escrow Account, or any funds that otherwise are or may become due or payable to the Trustee for the benefit of the Certificateholders, to any claim, lien, security interest, judgment, levy, writ of attachment, or other encumbrance, or assert by legal action or otherwise any claim or right of setoff against any Mortgage File or any funds collected on, or in connection with, a Mortgage Loan, except, however, that the Master Servicer shall be entitled to set off against and deduct from any such funds any amounts that are properly due and payable to the Master Servicer under this Agreement.
Documents, Records and Funds in Possession of Master Servicer to be -------------------------------------------------------------------- Held for the Trustee................................................................III-14 -------------------- SECTION 3.14.
Documents, Records and Funds in Possession of the Servicers to Be Held for the [Trustee][Issuing Entity] 97 Section 3.21 Servicing Compensation 97 Section 3.22 Annual Statement as to Compliance 98
Documents, Records and Funds in Possession of the Servicer to be ---------------------------------------------------------------- Held for the Trustee. --------------------- The Servicer shall transmit to the Trustee or, at the direction of the Trustee, the Custodian, as required by this Agreement all documents and instruments in respect of a BANA Mortgage Loan serviced by it coming into the possession of the Servicer from time to time and shall account fully to the Trustee for any funds received by the Servicer or which otherwise are collected by the Servicer as Liquidation Proceeds or Insurance Proceeds in respect of any
Documents, Records and Funds in Possession. Of Master Servicer To Be Held For Trust.
Documents, Records and Funds in Possession of Subservicer to be Held for the Trustee. All Mortgage Files and funds collected or held by, or under the control of, the Subservicer in respect of any Mortgage Loans, whether from the collection of principal and interest payments or from Liquidation Proceeds, including but not limited to, any funds on deposit in the Collection Account, shall be held by the Subservicer for and on behalf of the Trustee and shall be and remain the sole and exclusive property of the Trustee, subject to the applicable provisions of this
Documents, Records and Funds in Possession of Master Servicer To Be Held for Issuer and Indenture Trustee 17 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies 18 Section 3.10 Presentment of Claims and Collection of Proceeds 18 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies 18 Section 3.12 Indenture Trustee to Retain Possession of Certain Insurance Policies and Documents 19 Section 3.13 Realization Upon Defaulted Mortgage Loans 19 Section 3.14 Compensation for the Master Servicer 20 Section 3.15 REO Property 20 Section 3.16 Annual Officer’s Certificate as to Compliance 20 Section 3.17 Annual Independent Accountant’s Servicing Report 21 Section 3.18 Reports Filed with Securities and Exchange Commission 21 Section 3.19 The Company 22 Section 3.20 UCC 22 Section 3.21 Optional Purchase of Defaulted Mortgage Loans 22 Section 3.22 Monthly Advances 23 Section 3.23 Compensating Interest Payments 23 ARTICLE IV Accounts Section 4.01 Protected Accounts 24 Section 4.02 Master Servicer Collection Account 25 Section 4.03 Permitted Withdrawals and Transfers from the Master Servicer Collection Account 26 Section 4.04 Payment Account 27 Section 4.05 Permitted Withdrawals and Transfers from the Payment Account 28 ARTICLE V The Master Servicer Section 5.01 Liabilities of the Master Servicer 30 Section 5.02 Merger or Consolidation of the Master Servicer 30 Section 5.03 Indemnification of the Indenture Trustee, Owner Trustee, the Master Servicer and the Securities Administrator 30 Section 5.04 Limitations on Liability of the Master Servicer and Others 31 Section 5.05 Master Servicer Not to Resign 32 Section 5.06 Successor Master Servicer 32 Section 5.07 Sale and Assignment of Master Servicing 32 ARTICLE VI Default
Documents, Records and Funds in Possession of the Servicer to be held for Trustee.
Documents, Records and Funds in Possession of Master Servicer to be Held for the Trustee for the Benefit of the Certificateholders........................183 Section 8.10 Servicing Compensation......................................................................183 Section 8.11 Master Servicer Reports; Account Statements.................................................185 Section 8.12 Annual Statement as to Compliance...........................................................187 Section 8.13 Annual Independent Public Accountants' Servicing Report.....................................187 Section 8.14 CMSA Operating Statement Analysis Reports Regarding the Mortgaged Properties................188 Section 8.15 Other Available Information and Certain Rights of the Master Servicer.......................189 Section 8.16 Rule 144A Information.......................................................................191 Section 8.17 Inspections.................................................................................191 Section 8.18 Modifications, Waivers, Amendments, Extensions and Consents.................................192 Section 8.19 Specially Serviced Mortgage Loans...........................................................195 Section 8.20 Representations, Warranties and Covenants of the Master Servicer............................196 Section 8.21 Merger or Consolidation.....................................................................197 Section 8.22
Documents, Records and Funds in Possession of Master Servicer to Be Held for the Trustee. Section 3.19 Master Servicing Compensation. Section 3.20 Access to Certain Documentation. 83