Common use of General Duties of Master Servicer Clause in Contracts

General Duties of Master Servicer. For and on behalf of the Trustee, FMSC, and the Securityholders, the Master Servicer shall supervise, administer, monitor and oversee the servicing of the Mortgage Loans by the Servicers and the observance and performance by the Servicers of all services, duties, responsibilities and obligations that are to be observed or performed by them under their respective Sales/Servicing Agreements. Upon the request of a Servicer, the Master Servicer will not unreasonably withhold its consent to the transfer of the servicing obligations from such Servicer to another Servicer, provided, however, that the new Servicer executes a new Sales/Servicing Agreement whose servicing provisions are identical to the previous Sales/Servicing Agreement, and the new Servicer has been approved by the Master Servicer. Moreover, the Master Servicer agrees to maintain the Master Servicer Errors and Omissions Policy and the Master Servicer Fidelity Bond in full force and effect throughout the term of the Master Servicing Agreement. During the term of the Master Servicing Agreement the Master Servicer shall consult fully with each of the Servicers as may be necessary from time to time to perform and carry out the Master Servicer’s obligations hereunder and receive, review and evaluate all reports, information and other data that are provided to the Master Servicer by each Servicer and otherwise exercise reasonable efforts to cause each Servicer to perform and observe the covenants, obligations and conditions to be performed or observed by it under its Sales/Servicing Agreement. If any Servicer materially breaches or fails to perform or observe any material obligations or conditions of its Sales/Servicing Agreement, the Master Servicer shall promptly deliver to the Trustee, FMSC and the Issuing Entity an Officer’s Certificate certifying that such Servicer is in default and describing the events and circumstances giving rise to the default and what action (if any) has been, or is to be, taken by the Servicer to cure the default and setting forth what action (if any) that the Master Servicer plans to take.

General Duties of Master Servicer. For and on behalf of the Trustee, FMSC, and the Securityholders, the Master Servicer shall supervise, administer, monitor and oversee the servicing of the Mortgage Loans by the Servicers and the observance and performance by the Servicers of all services, duties, responsibilities and obligations that are to be observed or performed by them under their respective Sales/Servicing Agreements. Upon the request of a Servicer, the Master Servicer will not unreasonably withhold its consent to the transfer of the servicing obligations from such Servicer to another Servicer, provided, however, that the new Servicer executes a new Sales/Servicing Agreement whose servicing provisions are identical to the previous Sales/Servicing Agreement, and the new Servicer has been approved by the Master Servicer. Moreover, the Master Servicer agrees to maintain the Master Servicer Errors and Omissions Policy and the Master Servicer Fidelity Bond in full force and effect throughout the term of the Master Servicing Agreement. During the term of the Master Servicing Agreement the Master Servicer shall consult fully with each of the Servicers as may be necessary from time to time to perform and carry out the Master Servicer’s 's obligations hereunder and receive, review and evaluate all reports, information and other data that are provided to the Master Servicer by each Servicer and otherwise exercise reasonable efforts to cause each Servicer to perform and observe the covenants, obligations and conditions to be performed or observed by it under its Sales/Servicing Agreement. If any Servicer materially breaches or fails to perform or observe any material obligations or conditions of its Sales/Servicing Agreement, the Master Servicer shall promptly deliver to the Trustee, FMSC and the Issuing Entity Issuer an Officer’s 's Certificate certifying that such Servicer is in default and describing the events and circumstances giving rise to the default and what action (if any) has been, or is to be, taken by the Servicer to cure the default and setting forth what action (if any) that the Master Servicer plans to take.

General Duties of Master Servicer. For and on behalf of the Trustee, FMSCSRMSC, and the Securityholders, the Master Servicer shall supervise, administer, monitor and oversee the servicing of the Mortgage Loans by the Servicers and the observance and performance by the Servicers of all services, duties, responsibilities and obligations that are to be observed or performed by them under their respective Sales/Servicing Agreements. Upon the request of a Servicer, the Master Servicer will not unreasonably withhold its consent to the transfer of the servicing obligations from such Servicer to another Servicer, provided, however, that the new Servicer executes a new Sales/Servicing Agreement whose servicing provisions are identical to the previous Sales/Servicing Agreement, and the new Servicer has been approved by the Master Servicer. Moreover, the Master Servicer agrees to maintain the Master Servicer Errors and Omissions Policy and the Master Servicer Fidelity Bond in full force and effect throughout the term of the Master Servicing Agreement. During the term of the Master Servicing Agreement the Master Servicer shall consult fully with each of the Servicers as may be necessary from time to time to perform and carry out the Master Servicer’s 's obligations hereunder and receive, review and evaluate all reports, information and other data that are provided to the Master Servicer by each Servicer and otherwise exercise reasonable efforts to cause each Servicer to perform and observe the covenants, obligations and conditions to be performed or observed by it under its Sales/Servicing Agreement. If any Servicer materially breaches or fails to perform or observe any material obligations or conditions of its Sales/Servicing Agreement, the Master Servicer shall promptly deliver to the Trustee, FMSC SRMSC and the Issuing Entity Issuer an Officer’s 's Certificate certifying that such Servicer is in default and describing the events and circumstances giving rise to the default and what action (if any) has been, or is to be, taken by the Servicer to cure the default and setting forth what action (if any) that the Master Servicer plans to take.

General Duties of Master Servicer. For and on behalf of the Trustee, FMSCNMSC, and the Securityholders, the Master Servicer shall supervise, administer, monitor and oversee the servicing of the Mortgage Loans by the Servicers and the observance and performance by the Servicers of all services, duties, responsibilities and obligations that are to be observed or performed by them under their respective Sales/Servicing Agreements. Upon the request of a Servicer, the Master Servicer will not unreasonably withhold its consent to the transfer of the servicing obligations from such Servicer to another Servicer, provided, however, that the new Servicer executes a new Sales/Servicing Agreement whose servicing provisions are identical to the previous Sales/Servicing Agreement, and the new Servicer has been approved by the Master Servicer. Moreover, the Master Servicer agrees to maintain the Master Servicer Errors and Omissions Policy and the Master Servicer Fidelity Bond in full force and effect throughout the term of the Master Servicing Agreement. During the term of the Master Servicing Agreement the Master Servicer shall consult fully with each of the Servicers as may be necessary from time to time to perform and carry out the Master Servicer’s 's obligations hereunder and receive, review and evaluate all reports, information and other data that are provided to the Master Servicer by each Servicer and otherwise exercise reasonable efforts to cause each Servicer to perform and observe the covenants, obligations and conditions to be performed or observed by it under its Sales/Servicing Agreement. If any Servicer materially breaches or fails to perform or observe any material obligations or conditions of its Sales/Servicing Agreement, the Master Servicer shall promptly deliver to the Trustee, FMSC NMSC and the Issuing Entity Issuer an Officer’s 's Certificate certifying that such Servicer is in default and describing the events and circumstances giving rise to the default and what action (if any) has been, or is to be, taken by the Servicer to cure the default and setting forth what action (if any) that the Master Servicer plans to take.