Monitoring of Company and Servicer Sample Clauses

Monitoring of Company and Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee and the Seller the compliance by the Company and the related Servicer with its duties under this Agreement and the related Servicing Agreement. In the review of the Company's and the related Servicer's activities, the Master Servicer may rely upon an Officer's Certificate of the Company and the related Servicer with regard to such Person's compliance with the terms of this Agreement or the related Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Company or the related Servicer should be terminated in accordance with this Agreement or the related Servicing Agreement, or that a notice should be sent pursuant to this Agreement or the related Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Seller and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.
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Monitoring of Company and Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee and the Seller the non-compliance by the Company and the related Servicer with its duties under this Agreement and the related Servicing Agreement. In the review of the Company’s and the related Servicer’s activities, the Master Servicer may rely upon an Officer’s Certificate of the Company and the related Servicer with regard to such Person’s compliance with the terms of this Agreement or the related Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that a Servicer, other than the Company, should be terminated in accordance with this Agreement or the related Servicing Agreement, or that a notice should be sent pursuant to this Agreement or the related Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Seller and the Trustee and the Master Servicer shall issue such notice or take such other action as it deems appropriate. In the event that the Master Servicer, in its judgment, determines that the Company should be terminated in accordance with this Agreement, or that a notice should be sent pursuant to this Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Seller and the Trustee thereof in writing. Pursuant to its receipt of such written notification from the Master Servicer, the Trustee shall issue such notice of termination to the Company or take such other action as it deems appropriate.
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Monitoring of Company and Servicer. Section 4.03 Fidelity Bond.
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Monitoring of Company and Servicer. (a) In the review of the Company’s and the Servicer’s activities, the Master Servicer may rely upon the Annual Statement of Compliance of the Company and the Servicer with regard to such Person’s compliance with the terms of this Agreement or the GMACM Servicing Agreement; provided that no such reliance will relieve the Master Servicer of its obligations pursuant to this Agreement. In the event that the Master Servicer, in its judgment, determines that the Company or the Servicer should be terminated in accordance with this Agreement or the GMACM Servicing Agreement, or that a notice should be sent pursuant to this Agreement or the GMACM Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.
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Monitoring of Company and Servicer. (a) In the review of the Company’s and the Servicer’s activities, the Master Servicer may rely upon an Officer’s Certificate of the Company and an officer’s certificate of the Servicer with regard to such Person’s compliance with the terms of this Agreement and the First Horizon Servicing Agreement, respectively. In the event that the Master Servicer, in its judgment, determines that the Company or the Servicer should be terminated in accordance with this Agreement or the First Horizon Servicing Agreement, respectively or that a notice should be sent pursuant to this Agreement or the First Horizon Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Sellers, the Securities Administrator and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.
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Monitoring of Company and Servicer. 69 Section 4.04 FIDELITY BOND................................................................................70 Section 4.05
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Monitoring of Company and Servicer. Section 4.04 Fidelity Bond............................................................................ Section 4.05
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Monitoring of Company and Servicer. 68- Section 4.04 FIDELITY BOND................................................................................-69- Section 4.05 POWER TO ACT; PROCEDURES.....................................................................-69- Section 4.06 DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS...................................................-70- Section 4.07 RELEASE OF MORTGAGE FILES....................................................................-70- Section 4.08 DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER, COMPANY AND SERVICER TO BE HELD FOR TRUSTEE.......................................................................-71- Section 4.09 STANDARD HAZARD INSURANCE AND FLOOD INSURANCE POLICIES.......................................-72- Section 4.10 PRESENTMENT OF CLAIMS AND COLLECTION OF PROCEEDS.............................................-73- Section 4.11 MAINTENANCE OF THE PRIMARY MORTGAGE INSURANCE POLICIES.......................................-73- Section 4.12 TRUSTEE TO RETAIN POSSESSION OF CERTAIN INSURANCE POLICIES AND DOCUMENTS.....................-73- Section 4.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS....................................................-74- Section 4.14 COMPENSATION FOR THE MASTER SERVICER.........................................................-74- Section 4.15 REO PROPERTY.................................................................................-74- Section 4.16 ANNUAL OFFICER'S CERTIFICATE AS TO COMPLIANCE................................................-75- Section 4.17 ANNUAL INDEPENDENT ACCOUNTANT'S SERVICING REPORT.............................................-75- Section 4.18 REPORTS FILED WITH SECURITIES AND EXCHANGE COMMISSION........................................-76- Section 4.19 EMC..........................................................................................-77- Section 4.20 UCC..........................................................................................-77- Section 4.21 OPTIONAL PURCHASE OF CERTAIN MORTGAGE LOANS..................................................-77-
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Related to Monitoring of Company and Servicer

  • Monitoring of Servicer (a) The Master Servicer shall be responsible for monitoring the compliance by the Servicer with its duties under this Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an Officer’s Certificate of the Servicer with regard to the Servicer’s compliance with the terms of this Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with the terms hereof, or that a notice should be sent pursuant to the terms hereof with respect to the occurrence of an event that, unless cured, would constitute a Servicer Event of Default, the Master Servicer shall notify the Servicer, the Seller and the Indenture Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

  • Monitoring of Servicers (a) The Master Servicer shall be responsible for reporting to the Trustee, the Trust Administrator and the Depositor the compliance by each Servicer with its duties under the related Servicing Agreement. In the review of each Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer with regard to such Servicer’s compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that a Servicer should be terminated in accordance with its Servicing Agreement, or that a notice should be sent pursuant to such Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor, the Trust Administrator and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

  • Independence of the Asset Representations Reviewer The Asset Representations Reviewer will be an independent contractor and will not be subject to the supervision of the Issuer for the manner in which it accomplishes the performance of its obligations under this Agreement. Unless expressly authorized by the Issuer, the Asset Representations Reviewer will have no authority to act for or represent the Issuer and will not be considered an agent of the Issuer. Nothing in this Agreement will make the Asset Representations Reviewer and the Issuer members of any partnership, joint venture or other separate entity or impose any liability as such on any of them.

  • Independence of Asset Representations Reviewer The Asset Representations Reviewer will be an independent contractor and will not be subject to the supervision of the Issuer or the Owner Trustee for the manner in which it accomplishes the performance of its obligations under this Agreement. Unless authorized by the Issuer or the Owner Trustee, respectively, the Asset Representations Reviewer will have no authority to act for or represent the Issuer or the Owner Trustee and will not be considered an agent of the Issuer or the Owner Trustee. Nothing in this Agreement will make the Asset Representations Reviewer and either of the Issuer or the Owner Trustee members of any partnership, joint venture or other separate entity or impose any liability as such on any of them.

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