THE MASTER SERVICER AND THE DEPOSITOR Sample Clauses

THE MASTER SERVICER AND THE DEPOSITOR. Section 6.01 Liability of the Master Servicer and the Depositor.
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THE MASTER SERVICER AND THE DEPOSITOR. Section 6.01. Liability of the Master Servicer and the Depositor...................................113 Section 6.02. Merger or Consolidation of, or Assumption of the Obligations of, the Master Servicer or the Depositor.................................................113 Section 6.03. Limitation on Liability of the Master Servicer and Others............................113 Section 6.04. Master Servicer Not to Resign........................................................114 Section 6.05.
THE MASTER SERVICER AND THE DEPOSITOR. SECTION 6.01. Liability of the Master Servicer and the Depositor...........113 SECTION 6.02. Merger or Consolidation of, or Assumption of the Obligations of, the Master Servicer or the Depositor.........
THE MASTER SERVICER AND THE DEPOSITOR. Section 7.01 Liabilities of the Master Servicer
THE MASTER SERVICER AND THE DEPOSITOR. Section 6.01. Liability of the Master Servicer and the Depositor...................................
THE MASTER SERVICER AND THE DEPOSITOR. Section 6.01. LIABILITY OF THE MASTER SERVICER AND THE DEPOSITOR...................................105 Section 6.02. MERGER OR CONSOLIDATION OF, OR ASSUMPTION OF THE OBLIGATIONS OF, THE MASTER SERVICER OR THE DEPOSITOR............................................................105 Section 6.03. LIMITATION ON LIABILITY OF THE MASTER SERVICER AND OTHERS............................105 Section 6.04. MASTER SERVICER NOT TO RESIGN........................................................106 Section 6.05.
THE MASTER SERVICER AND THE DEPOSITOR. 108 Section 7.01 Liabilities of the Master Servicer...................... 108 Section 7.02 Merger or Consolidation of the Master Servicer.......... 108 Section 7.03 Indemnification from the Master Servicer and the Depositor........................................ 108 Section 7.04 Limitations on Liability of the Master Servicer and Others........................................... 109 Section 7.05 Master Servicer Not to Resign........................... 110 Section 7.06 Successor Master Servicer............................... 110 Section 7.07 Sale and Assignment of Master Servicing................. 110 ARTICLE VIII DEFAULT..................................................... 112 Section 8.01 Events of Default....................................... 112 Section 8.02 Trustee to Act; Appointment of Successor................ 113 Section 8.03 Notification to Certificateholders...................... 114 Section 8.04
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THE MASTER SERVICER AND THE DEPOSITOR. SECTION 6.01. Liability of the Originator, the Master Servicer and the Depositor. The Originator and the Master Servicer shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Originator or the Master Servicer, as the case may be, herein. The Depositor shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by the Depositor.
THE MASTER SERVICER AND THE DEPOSITOR 

Related to THE MASTER SERVICER AND THE DEPOSITOR

  • THE DEPOSITOR AND THE MASTER SERVICER SECTION 6.01. Respective Liabilities of the Depositor and the Master Servicer.......................VI-1 SECTION 6.02. Merger or Consolidation of the Depositor or the Master Servicer.......................VI-1 SECTION 6.03. Limitation on Liability of the Depositor, the Sellers, the Master Servicer and Others................................................................................VI-1 SECTION 6.04. Limitation on Resignation of Master Servicer..........................................VI-2 ARTICLE VII DEFAULT

  • Liability of the Depositor and the Master Servicer The Depositor and the Master Servicer each shall be liable in accordance herewith only to the extent of the obligations specifically imposed by this Agreement and undertaken hereunder by the Depositor and the Master Servicer herein.

  • THE DEPOSITOR AND THE SERVICER Section 7.01 Respective Liabilities of the Depositor and the Servicer...... Section 7.02 Merger or Consolidation of the Depositor or the Servicer...... Section 7.03 Limitation on Liability of the Depositor, the Servicer and Others.................................................. Section 7.04 Depositor and Servicer Not to Resign.........................

  • THE SELLER AND THE MASTER SERVICER Section 6.01 Liability of the Seller and the Master Servicer............... Section 6.02 Merger or Consolidation of the Seller or the Master Servicer.....................................................

  • Respective Liabilities of the Depositor and the Master Servicer The Depositor and the Master Servicer shall each be liable in accordance herewith only to the extent of the obligations specifically and respectively imposed upon and undertaken by them herein.

  • Duties of the Trustee and the Certificate Administrator (a) The Trustee, prior to the occurrence of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge and after the curing or waiver of all Servicer Termination Events which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement and no permissive right of the Trustee shall be construed as a duty. During the continuance of a Servicer Termination Event of which a Responsible Officer of the Trustee has actual knowledge, the Trustee, subject to the provisions of Section 7.02 and Section 7.04 of this Agreement, shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. The Certificate Administrator undertakes to perform at all times such duties and only such duties as are specifically set forth in this Agreement and no permissive right of the Certificate Administrator shall be construed as a duty.

  • The Master Servicer The Master Servicer shall service and administer the Mortgage Loans in a manner consistent with the terms of this Agreement and with general industry practice and shall have full power and authority, acting alone or through a subservicer, (i) to execute and deliver, on behalf of the Noteholders, the Trust, and the Indenture Trustee, customary consents or waivers and other instruments and documents, (ii) to consent to transfers of any Mortgaged Property and assumptions of the Mortgage Notes and related Mortgages (but only in the manner provided in this Agreement), (iii) to collect any Insurance Proceeds and other Liquidation Proceeds, and (iv) to effectuate foreclosure or other conversion of the ownership of the Mortgaged Property securing any Mortgage Loan. The Master Servicer shall remain responsible to the parties to this Agreement and the Credit Enhancer for its obligations under this Agreement. Any amounts received by any subservicer on a Mortgage Loan shall be considered to have been received by the Master Servicer whether or not actually received by it. Without limiting the generality of the foregoing, the Master Servicer may execute and deliver, on behalf of itself, the Noteholders, and the Indenture Trustee, or any of them, any instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Mortgage Loans and with respect to the Mortgaged Properties, in each case to the extent not inconsistent with this Agreement. At the request of a Servicing Officer, the Indenture Trustee shall furnish the Master Servicer with any powers of attorney and other documents appropriate to enable the Master Servicer to carry out its servicing and administrative duties under this Agreement. The Master Servicer in this capacity may also consent to the placing of a lien senior to that of any mortgage on the related Mortgaged Property, if

  • THE COMPANY AND THE MASTER SERVICER Section 6.01. Respective Liabilities of the Company and the Master Servicer. The Company and the Master Servicer shall each be liable in accordance herewith only to the extent of the obligations specifically and respectively imposed upon and undertaken by the Company and the Master Servicer herein. By way of illustration and not limitation, the Company is not liable for the servicing and administration of the Mortgage Loans, nor is it obligated by Section 7.01 or Section 10.01 to assume any obligations of the Master Servicer or to appoint a designee to assume such obligations, nor is it liable for any other obligation hereunder that it may, but is not obligated to, assume unless it elects to assume such obligation in accordance herewith.

  • Liability of the Seller and the Master Servicer The Seller and the Master Servicer shall each be liable in accordance herewith only to the extent of the obligations specifically imposed by this Agreement and undertaken hereunder by the Seller and the Master Servicer.

  • Certain Matters Affecting the Trustee and the Certificate Administrator (a) Except as otherwise provided in Section 8.01 of this Agreement:

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