Enforcement of Servicer’s and Master Servicer’s Obligations. (a) The Master Servicer shall not be required to (i) take any action with respect to the servicing of any Mortgage Loan that the Servicer is not required to take under this Agreement and (ii) cause the Servicer to take any action or refrain from taking any action if this Agreement does not require the Servicer to take such action or refrain from taking such action.
Appears in 39 contracts
Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Pooling and Servicing Agreement (HomeBanc 2007-1), Pooling and Servicing Agreement (Homebanc Corp)
Enforcement of Servicer’s and Master Servicer’s Obligations. (a) The Master Servicer shall not be required to (i) take any action with respect to the servicing of any Mortgage Loan that the Servicer is not required to take under this Agreement and (ii) cause the Servicer to take any action or refrain from taking any action if this Agreement does not require the Servicer to take such action or refrain from taking such action.. 145322 HomeBanc 2005-2 Transfer and Servicing Agreement 82
Appears in 1 contract
Enforcement of Servicer’s and Master Servicer’s Obligations. (a) The Master Servicer shall not be required to (i) take any action with respect to the servicing of any Mortgage Loan that the Servicer is Servicers are not required to take under this Agreement or the Servicing Agreement, as applicable, and (ii) cause the Servicer Servicers to take any action or refrain from taking any action if this Agreement or the Servicing Agreement, as applicable, does not require the Servicer Servicers to take such action or refrain from taking such action.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (NYMT Securities CORP)
