Common use of The Servicer Clause in Contracts

The Servicer. 39 Section 7.01 Merger or Consolidation of the Servicer................................. 39 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 ARTICLE VIII. TERMINATION................................................................. 42

The Servicer. 39 36 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................36 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................37 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................37 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer.........................................38 ARTICLE VIII. TERMINATION................................................................. 42.......................................................................................39

The Servicer. 39 37 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................37 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................37 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................37 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer.........................................38 ARTICLE VIII. TERMINATION................................................................. 42.......................................................................................39

The Servicer. 39 Section 7.01 7.01. Merger or Consolidation of the Servicer................................. 39 ......................................................42 Section 7.02 7.02. Limitation on Liability of the Servicer and Others...................... 40 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 ARTICLE VIII. TERMINATION................................................................. 42...........................................43

The Servicer. 39 34 Section 7.01 Merger or Consolidation of the Servicer................................. 39 .................................................. 34 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ....................................... 34 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ................................. 34 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer........................................ 35 ARTICLE VIII. TERMINATION................................................................. 42................................................................ 36

The Servicer. 39 15 Section 7.01 6.01 Merger or Consolidation of the Servicer................................. 39 ....................15 Section 7.02 6.02 Limitation on Liability of the Servicer and Others...................... 40 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 ARTICLE VIII. TERMINATION................................................................. 42.........15

The Servicer. 39 35 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................35 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................35 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................35 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer.........................................36 ARTICLE VIII. TERMINATION................................................................. 42...................................................................................37

The Servicer. 39 37 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................37 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................37 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................38 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer.........................................38 ARTICLE VIII. TERMINATION................................................................. 42...............................................................................39

The Servicer. 39 35 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................35 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................35 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................35 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer.........................................36 ARTICLE VIII. TERMINATION................................................................. 42.......................................................................................37

The Servicer. 39 ..17 Section 7.01 8.1. Merger or Consolidation of the Servicer................................. 39 ; Resignation..................................17 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 8.2. Annual Statement as to Compliance.....................................................17 ARTICLE VIII. TERMINATION................................................................. 42IX.

The Servicer. 39 40 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ....................................................40 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 .........................................41 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ...................................41 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. Subservicer..........................................42 ARTICLE VIII. TERMINATION................................................................. 42........................................................................................44

The Servicer. 39 36 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................36 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................37 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................37 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Subservicer.........................................38 Section 7.05 Inspection.............................................................. 42 ................................................................................39 ARTICLE VIII. TERMINATION................................................................. 42.......................................................................................39

The Servicer. 39 36 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ................................................ 36 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ..................................... 37 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ............................... 37 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer...................................... 38 ARTICLE VIII. TERMINATION................................................................. 42.............................................................................. 39

The Servicer. 39 Section 7.01 Merger or Consolidation of the Servicer................................. 39 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 ARTICLE VIII. TERMINATION................................................................. 4242 Section 8.01 Termination for Cause................................................... 42 Section 8.02 Termination Without Cause............................................... 44

The Servicer. 39 33 Section 7.01 Merger or Consolidation of the Servicer................................. 39 .................................................. 33 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ....................................... 33 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ................................. 34 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer........................................ 35 ARTICLE VIII. TERMINATION................................................................. 42....................................................................... 36

The Servicer. 39 Section 7.01 8.01. Merger or Consolidation of the Servicer................................. 39 ......................................................43 Section 7.02 8.02. Limitation on Liability of the Servicer and Others...................... 40 ...........................................44 Section 7.03 8.03. Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 .....................................44 ARTICLE VIII. TERMINATION................................................................. 42IX.

The Servicer. 39 35 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................35 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................35 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................36 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 ARTICLE VIII. TERMINATION................................................................. 42Subservicer.........................................37

The Servicer. 39 Section 7.01 7.01. Merger or Consolidation of the Servicer................................. ..........................................39 Section 7.02 7.02. Limitation on Liability of the Servicer and Others...................... 40 ...............................39 Section 7.03 7.03. Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 .........................39 ARTICLE VIII. TERMINATION................................................................. 42...............................................................................40

The Servicer. 39 Section 7.01 8.01 Merger or Consolidation of the Servicer................................. 39 ......................................................44 Section 7.02 8.02 Limitation on Liability of the Servicer and Others...................... 40 ...........................................44 Section 7.03 8.03 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 .........................................44 ARTICLE VIII. TERMINATION................................................................. 42IX

The Servicer. 39 Section 7.01 SECTION 7.1 Liability of the Servicer; Indemnities.....................................................16 SECTION 7.2 Merger or Consolidation of, or Assumption of the Obligations of, Seller or Servicer................................. 39 Section 7.02 ...................................................................17 SECTION 7.3 Limitation on Liability of the Servicer and Others...................... 40 Section 7.03 Limitation on Resignation and Assignment by the .............................................18 SECTION 7.4 [ ] Not To Resign as Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 .....................................................18 ARTICLE VIII. TERMINATION................................................................. 42

The Servicer. 39 41 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ....................................................41 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 .........................................41 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ...................................42 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Subservicer..........................................43 Section 7.05 Inspection.............................................................. 42 .................................................................................44 ARTICLE VIII. TERMINATION................................................................. 42........................................................................................44

The Servicer. 39 Section 7.01 8.1 Representations and Warranties of the Servicer.................57 Section 8.2 Liability of the Servicer; Indemnities.........................59 Section 8.3 Merger or Consolidation of the Servicer................................. 39 ........................60 Section 7.02 8.4 Limitation on Liability of the Servicer and Others...................... 40 .............60 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 8.5 Servicer Not to Resign.........................................61 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 8.6 Servicer May Own Certificates..................................61 ARTICLE VIII. TERMINATION................................................................. 42IX

The Servicer. 39 36 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ....................................................36 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 .........................................37 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ...................................37 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer..........................................38 ARTICLE VIII. TERMINATION................................................................. 42........................................................................................39

The Servicer. 39 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...............................................28 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ....................................29 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 ARTICLE VIII. TERMINATION................................................................. 42..............................29

The Servicer. 39 35 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................35 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................35 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................36 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer.........................................37 ARTICLE VIII. TERMINATION................................................................. 42.......................................................................................38

The Servicer. 39 37 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................37 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................37 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................37 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Subservicer.........................................38 Section 7.05 Inspection.............................................................. 42 ................................................................................39 ARTICLE VIII. TERMINATION................................................................. 42.......................................................................................40

The Servicer. 39 57 Section 7.01 9.1 Liability of the Servicer..................57 Section 9.2 Merger or Consolidation of the Servicer................................. 39 ....57 Section 7.02 9.3 Limitation on Liability of the Servicer and Others...................... 40 .................................58 Section 7.03 9.4 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 ............................58 ARTICLE VIII. TERMINATION................................................................. 42X

The Servicer. 39 38 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ........................38 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 .............38 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 .......39 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer..............40 ARTICLE VIII. TERMINATION................................................................. 42.....................................................41

The Servicer. 39 33 Section 7.01 5.01. Representations and Warranties of the Servicer...........................................33 Section 5.02. Liability of the Servicer................................................................35 Section 5.03. Merger or Consolidation of, or Assumption of the Obligations of, the Servicer................................. 39 ............35 Section 7.02 5.04. Limitation on Liability of the Servicer and Others...................... 40 .......................................36 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 ARTICLE VIII5.05. TERMINATION................................................................. 42Servicer Not to Resign...................................................................36 ARTICLE

The Servicer. 39 35 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................35 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................35 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................35 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer.........................................35 ARTICLE VIII. TERMINATION................................................................. 42.......................................................................................35

The Servicer. 39 Section 7.01 4.01. Representations and Warranties of the Servicer.............................. 21 Section 4.02. Merger or Consolidation of the Servicer................................. 39 ............... 23 Section 7.02 Limitation on Liability 4.03. Performance of the Obligations......................... 23 Section 4.04. Servicer and Others...................... 40 Not to Resign............................. 23 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 4.05. Fidelity Bond...................................... 24 ARTICLE VIII. TERMINATION................................................................. 42FIVE

The Servicer. 39 37 Section 7.01 Merger or Consolidation of the Servicer................................. 39 ...................................................37 Section 7.02 Limitation on Liability of the Servicer and Others...................... 40 ........................................37 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 ..................................38 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Subservicing Agreements and Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 Subservicer.........................................39 ARTICLE VIII. TERMINATION................................................................. 42.......................................................................................39

The Servicer. 39 45 Section 7.01 8.01. Merger or Consolidation of the Servicer................................. 39 ..........................................................45 Section 7.02 8.02. Limitation on Liability of the Servicer and Others...................... 40 ...............................................45 Section 7.03 8.03. Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 .........................................45 ARTICLE VIIIIX. TERMINATION................................................................. 42............................................................................................46

The Servicer. 39 .. 43 Section 7.01 8.01 Indemnification by the Servicer; Third Party Claims.......................................................... 43 Section 8.03 Merger or Consolidation of the Servicer................................. 39 ...................................................................... 43 Section 7.02 8.03 Limitation on Liability of the Servicer and Others...................... 40 ........................................................... 43 Section 7.03 Limitation on Resignation and Assignment by 8.04 Servicer Not to Resign....................................................................................... 44 Section 8.05 No Transfer of Servicing..................................................................................... 44 Section 8.06 Indemnification of the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 ARTICLE VIII. TERMINATION................................................................. 42.............................................................................. 44

The Servicer. 39 28 Section 7.01 6.01 Liability of the Servicer.........................................28 Section 6.02 Merger or Consolidation of, or Assumption of the Obligations of, the Servicer................................. 39 ..................................................28 Section 7.02 6.03 Limitation on Liability of the Servicer and Others...................... 40 ................28 Section 7.03 Limitation on Resignation and Assignment by the Servicer................ 40 Section 7.04 Sub-Servicing Agreements; Sub-Servicing Acknowledgment Agreement; Successor Sub-Servicer.................................................. 41 Section 7.05 Inspection.............................................................. 42 ARTICLE VIII. TERMINATION................................................................. 426.04 Servicer Not to Resign............................................29