Common use of Limitation on Liability of the Master Servicer and Others Clause in Contracts

Limitation on Liability of the Master Servicer and Others. The Master Servicer and any director, officer, employee or agent of the Master Servicer may rely on any document of any kind which it in good faith reasonably believes to be genuine and to have been adopted or signed by the proper authorities respecting any matters arising hereunder. Subject to the terms of Section 9.01 hereof, the Master Servicer shall have no obligation to appear with respect to, prosecute or defend any legal action which is not incidental to the Master Servicer's duty to service the Home Loans in accordance with this Agreement.

Appears in 7 contracts

Samples: Sale and Servicing Agreement (Bcap LLC), Sale and Servicing Agreement (Bcap LLC), Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1)

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Limitation on Liability of the Master Servicer and Others. The Master Servicer and any director, officer, employee or agent of the Master Servicer may rely on any document of any kind which it in good faith reasonably believes to be genuine and to have been adopted or signed by the proper authorities respecting any matters arising hereunder. Subject to the terms of Section 9.01 hereofherein, the Master Servicer shall have no obligation to appear with respect to, prosecute or defend defend, any legal action which that is not incidental to the Master Servicer's duty to service the Home Mortgage Loans in accordance with this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Funding Corp)

Limitation on Liability of the Master Servicer and Others. The Master Servicer and any director, officer, employee or agent of the Master Servicer may rely on any document of any kind which it in good faith reasonably believes to be genuine and to have been adopted or signed by the proper authorities respecting any matters arising hereunder. Subject to the terms of Section 9.01 hereof, the Master Servicer shall have no obligation to appear with respect to, prosecute or defend any legal action which is not incidental to the Master Servicer's ’s duty to service the Home Mortgage Loans in accordance with this Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Hsi Asset Securitization Corp)

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Limitation on Liability of the Master Servicer and Others. The Master Servicer and any director, officer, employee or agent of the Master Servicer may rely on any document of any kind which it in good faith reasonably believes to be genuine and to have been adopted or signed by the proper authorities respecting any matters arising hereunder. Subject to the terms of Section 9.01 hereof, the Master Servicer shall have no obligation to appear with respect to, prosecute or defend any legal action which is not incidental to the Master Servicer's ’s duty to service the Home Loans in accordance with this Agreement.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Bcap LLC)

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