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Common use of Master Servicer Events of Default Clause in Contracts

Master Servicer Events of Default. Each of the following shall constitute a "Master Servicer Event of Default":

Appears in 54 contracts

Sources: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2007-He1), Master Servicing and Trust Agreement (GS Mortgage GSAA Home Eq. Trust 2004-7), Pooling and Servicing Agreement (GSAMP Trust 2007-H1)

Master Servicer Events of Default. Each of the following shall constitute a "β€œMaster Servicer Event of Default"”:

Appears in 29 contracts

Sources: Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Oh1), Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He1), Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2007-Wf1)

Related Clauses

  • Servicer Events of Default
  • Waiver of Master Servicer Events of Default
  • Waiver of Servicer Events of Default
  • Notice of Events of Default and Servicer Replacement Event
  • Action Upon Certain Failures of the Master Servicer and Upon Event of Default

Parent Clauses

  • Default
  • Custodial Responsibilities
  • ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER
  • Tax Classification of the Excess Reserve Fund Account and the Supplemental Interest Trust
  • Limitations on Custodial Responsibilities

Sub-Clauses

  • Definitions
  • Defined Terms
  • Termination Upon Repurchase or Liquidation
  • Realization Upon Defaulted Mortgage Loans
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