Common use of Duties of the Credit Risk Manager Clause in Contracts

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall have any obligation to provide any such information to the Credit Risk Manager.

Appears in 9 contracts

Samples: Custodial Agreement (Structured Asset Investment Loan Trust 2004-9), Trust Agreement (Structured Asset Securities Corp 2004-S3), Custodial Agreement (Amortizing Residential Collateral Trust, Series 2004-1)

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Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor or the Trustee shall have any obligation to provide any such information to the Credit Risk Manager.

Appears in 6 contracts

Samples: Trust Agreement (Structured Asset Investment Loan Trust 2005-2), Custodial Agreement (Structured Asset Investment Loan Trust 2004-10), Custodial Agreement (Structured Asset Investment Loan Trust Series 2004-11)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall not have any obligation to provide any such information to the Credit Risk ManagerManager and shall not otherwise have any responsibility under or with respect to the Credit Risk Management Agreements.

Appears in 5 contracts

Samples: Trust Agreement (Structured Asset Securities Corp 2005-S4), Trust Agreement (Structured Asset Securities Corp. 2005 S-3), Trust Agreement (Structured Asset Securities Corp 2005-S5)

Duties of the Credit Risk Manager. (a) The CertificateholdersNoteholders, by their purchase and acceptance of the CertificatesNotes, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums Penalties with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to the Credit Risk Management Agreements to the Credit Risk Manager by the ServicersAgreement. The Credit Risk Manager shall look solely to the Servicers and/or Servicer (or a subservicer on behalf of the Servicer) and the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Indenture Trustee shall have any no obligation to provide any such information to the Credit Risk Manager.

Appears in 4 contracts

Samples: Transfer and Servicing Agreement (Aegis Asset Backed Securities Trust 2005-1), Transfer and Servicing Agreement (Aegis Asset Backed Securities Trust 2005-2), Transfer and Servicing Agreement (Aegis Asset Backed Securities Trust 2005-3)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company Risk Management Group, LLC as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements Agreement to the Credit Risk Manager by the ServicersServicer. The Credit Risk Manager shall look solely to the Servicers Servicer and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans Loans, and neither the Securities Administrator nor the Trustee shall have any obligation to provide any such information to the Credit Risk ManagerManager and shall not otherwise have any responsibility under the Credit Risk Management Agreement.

Appears in 3 contracts

Samples: Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5), Trust Agreement (Structured Asset Securities Corp), Trust Agreement (Sasco 2006-Wf1)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator Master Servicer nor the Trustee shall have any obligation to provide any such information to the Credit Risk Manager.

Appears in 3 contracts

Samples: Trust Agreement (Structured Asset Securities Corporation, 2005-Gel4), Custodial Agreement (SASCO Mortgage Loan Trust Series 2005-Gel1), Trust Agreement (SASCO Mortgage Loan Trust Series 2005-Gel2)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor or the Trustee shall have any obligation to provide any such information to the Credit Risk ManagerManager and shall not otherwise have any responsibility under the Credit Risk Management Agreement.

Appears in 2 contracts

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-5), Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-5)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company MortgageRamp, LLC as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums Penalties with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to the Credit Risk Management Agreements to the Credit Risk Manager by the ServicersAgreements. The Credit Risk Manager shall look solely to the Servicers and/or Servicer (or a subservicer on behalf of the Servicer) and the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall have any no obligation to provide any such information to the Credit Risk Manager.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Aegis Asset Backed Securities Trust Mortgage Pass-Through Certificates, Series 2005-4)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall not have any obligation to provide any such information to the Credit Risk ManagerManager and shall not otherwise have any responsibility under or with respect to the Credit Risk Management Agreement.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp. 2005-Rms1)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements Agreement to the Credit Risk Manager by the ServicersServicer. The Credit Risk Manager shall look solely to the Servicers Servicer and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor or the Trustee shall have any obligation to provide any such information to the Credit Risk Manager.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-Wf1)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company MortgageRamp, Inc. as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums Penalties with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to the Credit Risk Management Agreements to the Credit Risk Manager by the ServicersAgreements. The Credit Risk Manager shall look solely to the Servicers and/or Servicer (or a subservicer on behalf of the Servicer) and the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall have any no obligation to provide any such information to the Credit Risk Manager.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Aegis Asset Backed Securities Trust Mortgage Pass-Through Certificates, Series 2005-5)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Upon their request, the Depositor shall forward copies of such report to the Master Servicer, the Trustee and any Certificateholder. Such reports and recommendations will be based upon information provided pursuant to the applicable Credit Risk Management Agreements Agreement to the Credit Risk Manager by the Servicersrelated Servicer. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator Master Servicer nor the Trustee shall have any obligation to provide any such information to the Credit Risk Manager.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003 Am1)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company Risk Management Group, LLC as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements Agreement to the Credit Risk Manager by the ServicersServicer. The Credit Risk Manager shall look solely to the Servicers Servicer and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall not have any obligation to provide any such information to the Credit Risk ManagerManager and shall not otherwise have any responsibility under the Credit Risk Management Agreement.

Appears in 1 contract

Samples: Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff2)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and 137 data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor or the Trustee shall have any obligation to provide any such information to the Credit Risk Manager.

Appears in 1 contract

Samples: Custodial Agreement (Structured Asset Investment Loan Trust 2004-6)

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Duties of the Credit Risk Manager. (a) [The CertificateholdersNoteholders, by their purchase and acceptance of the CertificatesNotes, appoint The Murrayhill Company [ ] as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums Penalties with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to the Credit Risk Management Agreements to the Credit Risk Manager by the ServicersAgreement. The Credit Risk Manager shall look solely to the Servicers and/or Servicer (or a subservicer on behalf of the Servicer) and the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Indenture Trustee shall have any no obligation to provide any such information to the Credit Risk Manager.]

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Aegis Asset Backed Securities Corp)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall not have any obligation to provide any such information to the Credit Risk Manager.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company Risk Management Group, LLC as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the ServicersServicer. The Credit Risk Manager shall look solely to the Servicers Servicer and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall not have any obligation to provide any such information to the Credit Risk Manager.

Appears in 1 contract

Samples: Trust Agreement (SASCO Mortgage Pass Through Certificates, Series 2005-Nc1)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall have any obligation to provide any such information to the Credit Risk ManagerManager and shall not otherwise have any responsibility under the Credit Risk Management Agreement.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Investment Loan Trust 2005-7)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or and the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall not have any obligation to provide any such information to the Credit Risk Manager.

Appears in 1 contract

Samples: Trust Agreement (First Franklin Mortgage Loan Trust 2004-Ff7)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the ServicersServicer and/or Master Servicer. The Credit Risk Manager shall look solely to the Servicers Servicer and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall have any obligation to provide any such information to the Credit Risk Manager.

Appears in 1 contract

Samples: Trust Agreement (Fremont Home Loan Trust 2004-3)

Duties of the Credit Risk Manager. (a) The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company Risk Management Group, LLC as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to Credit Risk Management Agreements to the Credit Risk Manager by the Servicers. The Credit Risk Manager shall look solely to the Servicers and/or the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall not have any obligation to provide any such information to the Credit Risk ManagerManager and shall not otherwise have any responsibility under the Credit Risk Management Agreement.

Appears in 1 contract

Samples: Trust Agreement (SASCO Mortgage Loan Trust Series 2005-Gel3)

Duties of the Credit Risk Manager. (a) [The Certificateholders, by their purchase and acceptance of the Certificates, appoint The Murrayhill Company [ ] as Credit Risk Manager. For and on behalf of the Depositor, the Credit Risk Manager will provide reports and recommendations concerning certain delinquent and defaulted Mortgage Loans, and as to the collection of any Prepayment Premiums Penalties with respect to the Mortgage Loans. Such reports and recommendations will be based upon information provided pursuant to the Credit Risk Management Agreements to the Credit Risk Manager by the ServicersAgreements. The Credit Risk Manager shall look solely to the Servicers and/or Servicer (or a subservicer on behalf of the Servicer) and the Master Servicer for all information and data (including loss and delinquency information and data) and loan level information and data relating to the servicing of the Mortgage Loans and neither the Securities Administrator nor the Trustee shall have any no obligation to provide any such information to the Credit Risk Manager.]

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Aegis Asset Backed Securities Corp)

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