Common use of THE SERVICER AND THE DEPOSITOR Clause in Contracts

THE SERVICER AND THE DEPOSITOR. Section 7.01. Liability of the Servicer and the Depositor 66 Section 7.02. Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or the Depositor 66 Section 7.03. Limitation on Liability of the Servicer, the Depositor and Others 66 Section 7.04. Servicer Not to Resign 67 Section 7.05. Delegation of Duties 68 ARTICLE VIII SERVICER TERMINATION EVENTS Section 8.01. Servicer Termination Events 69 Section 8.02. Trustee to Act; Appointment of Successor 70 Section 8.03. Notification to Certificateholders 71 ARTICLE IX THE TRUSTEE AND THE ADMINISTRATOR Section 9.01. Duties of Trustee 73 Page Section 9.02. Certain Matters Affecting the Trustee 74 Section 9.03. Trustee Not Liable for Certificates or Home Equity Loans 75 Section 9.04. Trustee May Own Certificates 76 Section 9.05. Servicer to Pay Trustee’s Fees and Expenses 76 Section 9.06. Eligibility Requirements for Trustee 76 Section 9.07. Resignation or Removal of Trustee 77 Section 9.08. Successor Trustee 77 Section 9.09. Merger or Consolidation of Trustee 78 Section 9.10. Appointment of Co-Trustee or Separate Trustee 78 Section 9.11. Trustee May Enforce Claims Without Possession of Certificates 80 Section 9.12. Inspection of Mortgage Files 80 Section 9.13. Duties of Administrator 80 Section 9.14. Certain Matters Affecting the Administrator 81 Section 9.15. Administrator May Own Certificates 81 Section 9.16. Servicer to Pay Administrator’s Fees and Expenses 81 Section 9.17. Eligibility Requirements for Administrator 82 Section 9.18. Resignation or Removal of Administrator 82 Section 9.19. Successor Administrator 83 Section 9.20. Merger or Consolidation of Administrator 83 Section 9.21. Tax Matters 84 Section 9.22. [Rights of the Certificate Insurer to Exercise Rights of Class [A] Certificateholders] 86 Section 9.23. [Trustee to Act Solely with Consent of the Certificate Insurer.] 87

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (HSBC Home Equity Loan Corp I), Pooling and Servicing Agreement (HSBC Home Equity Loan Corp I)

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THE SERVICER AND THE DEPOSITOR. Section 7.01SECTION 6.01. Liability of the Servicer and the Depositor 66 Section 7.02115 SECTION 6.02. Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or the Depositor 66 Section 7.03115 SECTION 6.03. Limitation on Liability of the Servicer, the Depositor Servicer and Others 66 Section 7.04115 SECTION 6.04. Servicer Not to Resign 67 Section 7.05116 SECTION 6.05. Delegation of Duties 68 116 SECTION 6.06. [Reserved] 117 SECTION 6.07. Inspection 117 ARTICLE VIII SERVICER TERMINATION EVENTS Section 8.01VII DEFAULT SECTION 7.01. Servicer Events of Termination Events 69 Section 8.02118 SECTION 7.02. Trustee to Act; Appointment of Successor 70 Section 8.03120 SECTION 7.03. Waiver of Defaults 121 SECTION 7.04. Notification to Certificateholders 71 121 SECTION 7.05. Survivability of Servicer Liabilities 122 ARTICLE IX VIII THE TRUSTEE AND THE ADMINISTRATOR Section 9.01SECTION 8.01. Duties of Trustee 73 Page Section 9.02123 SECTION 8.02. Certain Matters Affecting the Trustee 74 Section 9.03124 SECTION 8.03. Trustee Not Liable for Certificates or Home Equity Mortgage Loans 75 Section 9.04126 SECTION 8.04. Trustee May Own Certificates 76 Section 9.05127 SECTION 8.05. Servicer to Pay Trustee’s Fees Trustee Fee and Expenses 76 Section 9.06127 SECTION 8.06. Eligibility Requirements for Trustee 76 Section 9.07127 SECTION 8.07. Resignation or Removal of Trustee 77 Section 9.08128 SECTION 8.08. Successor Trustee 77 Section 9.09128 SECTION 8.09. Merger or Consolidation of Trustee 78 Section 9.10129 SECTION 8.10. Appointment of Co-Trustee or Separate Trustee 78 Section 9.11129 SECTION 8.11. Limitation of Liability 130 SECTION 8.12. Trustee May Enforce Claims Without Possession of Certificates 80 Section 9.12130 SECTION 8.13. Inspection Suits for Enforcement 131 SECTION 8.14. Waiver of Mortgage Files 80 Section 9.13Bond Requirement 131 SECTION 8.15. Duties Waiver of Administrator 80 Section 9.14. Certain Matters Affecting the Administrator 81 Section 9.15. Administrator May Own Certificates 81 Section 9.16. Servicer to Pay Administrator’s Fees Inventory, Accounting and Expenses 81 Section 9.17. Eligibility Requirements for Administrator 82 Section 9.18. Resignation or Removal of Administrator 82 Section 9.19. Successor Administrator 83 Section 9.20. Merger or Consolidation of Administrator 83 Section 9.21. Tax Matters 84 Section 9.22. [Rights of the Certificate Insurer to Exercise Rights of Class [A] Certificateholders] 86 Section 9.23. [Trustee to Act Solely with Consent of the Certificate Insurer.] 87Appraisal Requirement 131

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Equifirst Mortgage Loan Trust 2005-1)

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THE SERVICER AND THE DEPOSITOR. Section 7.016.01. Liability of the Servicer and the Depositor 66 70 Section 7.026.02. Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or the Depositor 66 70 Section 7.036.03. Limitation on Liability of the Servicer, the Depositor and Others 66 70 Section 7.046.04. Servicer Not to Resign 67 71 Section 7.056.05. Delegation of Duties 68 71 Section 6.06. Tax Matters 72 ARTICLE VIII VII SERVICER TERMINATION EVENTS Section 8.017.01. Servicer Termination Events 69 75 Section 8.027.02. Trustee to Act; Appointment of Successor 70 76 Section 8.037.03. Notification to Certificateholders 71 78 ARTICLE IX VIII THE TRUSTEE AND THE ADMINISTRATOR Section 9.018.01. Duties of Trustee 73 79 TABLE OF CONTENTS (continued) Page Section 9.028.02. Certain Matters Affecting the Trustee 74 80 Section 9.038.03. Trustee Not Liable for Certificates or Home Equity Loans 75 81 Section 9.048.04. Trustee May Own Certificates 76 82 Section 9.058.05. Servicer to Pay Trustee’s Fees and Expenses 76 82 Section 9.068.06. Eligibility Requirements for Trustee 76 82 Section 9.078.07. Resignation or Removal of Trustee 77 83 Section 9.088.08. Successor Trustee 77 83 Section 9.098.09. Merger or Consolidation of Trustee 78 84 Section 9.108.10. Appointment of Co-Trustee or Separate Trustee 78 84 Section 9.118.11. Trustee May Enforce Claims Without Possession of Certificates 80 86 Section 9.128.12. Inspection of Mortgage Files 80 86 Section 9.138.13. Duties of Administrator 80 86 Section 9.148.14. Certain Matters Affecting the Administrator 81 87 Section 9.158.15. Administrator May Own Certificates 81 88 Section 9.168.16. Servicer to Pay Administrator’s Fees and Expenses 81 88 Section 9.178.17. Eligibility Requirements for Administrator 82 88 Section 9.188.18. Resignation or Removal of Administrator 82 89 Section 9.198.19. Successor Administrator 83 89 Section 9.208.20. Merger or Consolidation of Administrator 83 90 ARTICLE IX TERMINATION Section 9.219.01. Tax Matters 84 Termination 91 Section 9.229.02. [Additional Termination Requirements 93 ARTICLE X MISCELLANEOUS PROVISIONS Section 10.01. Amendment 94 Section 10.02. Recordation of Agreement 96 Section 10.03. Limitation on Rights of the Certificate Insurer to Exercise Rights Certificateholders 96 Section 10.04. Governing Law 97 Section 10.05. Notices 97 Section 10.06. Severability of Class [A] Certificateholders] 86 Provisions 97 Section 9.2310.07. [Trustee to Act Solely with Consent No Partnership 97 Section 10.08. Assignment 98 Section 10.09. Certificates Nonassessable and Fully Paid 98 Section 10.10. Third-Party Beneficiaries 98 Section 10.11. Counterparts 98 Section 10.12. Headings 98 Section 10.13. Limitation on Voting of the Certificate Insurer.] 87Preferred Stock 98 Section 10.14. Perfection Representations 98 TABLE OF CONTENTS (continued) Page Section 10.15. No Petition 98 Section 10.16. Inspection of Mortgage Files 98 ARTICLE XI EXCHANGE ACT REPORTING

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-4)

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