Termination 131 Sample Clauses

Termination 131. SECTION 13.1 Termination upon Liquidation or Purchase of all Mortgage Loans. 131 SECTION 13.2 Final Distribution on the Certificates. 131 SECTION 13.3 Additional Termination Requirements. 132 SECTION 14.1 REMIC Administration. 133 SECTION 14.2 Prohibited Transactions and Activities. 136 SECTION 14.3 Indemnification with Respect to Prohibited Transactions or Loss of REMIC Status. 136 SECTION 15.1 Without Consent of the Certificateholders. 136 SECTION 15.2 With Consent. 137 SECTION 15.3 Procedure and Notice. 138 SECTION 16.1 Binding Nature of Agreement; Assignment. 138 SECTION 16.2 Entire Agreement. 138 SECTION 16.3 Counterparts. 138 SECTION 16.4 Provision of Information. 139 SECTION 16.5 Governing Law. 139 SECTION 16.6 Notices. 139 SECTION 16.7 Severability of Provisions. 141 SECTION 16.8 No Waivers. 141 SECTION 16.9 Headings Not to Affect Interpretation. 141 SECTION 16.10 No Petitions. 141 SECTION 16.11 Certificates Fully Paid and Nonassessable. 141 SECTION 16.12 Protection of Assets. 142 EXHIBITS Exhibit A Information Fields for ML Schedule Exhibit B Contents of each Mortgage File Exhibit C Form of Request for Release Exhibit D Form of Realized Gains and Losses Exhibit E Standard Layout for Monthly Defaulted Loan Report Exhibit F Credit Reporting Procedure Exhibit 1122 Servicing Criteria Exhibit SOX Sarbanes Oxley Certificate Exhibit G-1 Form of Class A Certificate Exhibit G-2 Form of Class M Certificate Exhibit G-3 Form of Class C Certificate Exhibit G-4 Form of Class P Certificate Exhibit G-5 Form of Class R Certificate Exhibit G-6 Form of Class RX Certificate Exhibit H Form of Transferor Certificate Exhibit I-1 Form of Investment Letter (Non-Rule 144A) Exhibit I-2 Form of Investment Letter (Rule 144A) Exhibit J Form of Benefit Plan Affidavit Exhibit K Form of Residential Transfer Affidavit Exhibit L Form of Residual Transferee Agreement SCHEDULES Schedule A Mortgage Loan Schedule Schedule B Representations and Warranties in respect of the Mortgage Loans Schedule C LIBOR Calculation This POOLING AND SERVICING AGREEMENT, dated as of , 200 , is by and among FIRST NLC SECURITIZATION, INC., a Delaware corporation, as depositor (the “Depositor”), FIRST NLC FINANCIAL SERVICES, LLC., a Florida limited liability company, as seller (the “Seller”), [ - ], a [national banking association], as servicer (the “Servicer”), [ - ], a [national banking association], as securities administrator (the “Securities Administrator”) and as master servicer (the “Master Servicer”...