Successor Servicers. The provisions of Sections 4.06(a), (b) and (c) shall apply to any successor to the Servicer hereunder.
Successor Servicers. In the event that the Servicer is ------------------- terminated pursuant to Section 10.01 hereof, or resigns pursuant to Section 9.04 hereof or otherwise becomes unable to perform its obligations under this Agreement, the Indenture Trustee will become the successor Servicer or will appoint a successor Servicer in accordance with the provisions of Section 10.02 hereof; provided that any successor Servicer, including the Indenture Trustee, shall satisfy the requirements of an Eligible Servicer and shall be approved by each Rating Agency.
Successor Servicers. The Master Servicer shall be entitled to terminate any Servicing Agreement that may exist in accordance with the terms and conditions of such Servicing Agreement and without any limitation by virtue of this Agreement; provided, however, that in the event of termination of any Servicing Agreement by the Master Servicer or the Servicer, the Master Servicer shall either act as servicer of the related Mortgage Loan or enter into a Servicing Agreement with a successor Servicer which will be bound by the terms of the related Servicing Agreement. If the Master Servicer or any affiliate of the Master Servicer acts as servicer, it will not assume liability for the representations and warranties of the Servicer which it replaces. If the Master Servicer enters into a Servicing Agreement with a successor Servicer, the Master Servicer shall use reasonable efforts to have the successor Servicer assume liability for the representations and warranties made by the terminated Servicer in respect of the related Mortgage Loans and, in the event of any such assumption by the successor Servicer, the Master Servicer may, in the exercise of its business judgment, release the terminated Servicer from liability for such representations and warranties.
Successor Servicers. The provisions of Sections 4.06(a), (b), and (c) shall apply to any successor to FSC as Servicer hereunder other than the Subservicer.
Successor Servicers. The Master Servicer shall be entitled to terminate any Subservicing Agreement that may exist in accordance with the terms and conditions of such Subservicing Agreement and without any limitation by virtue of this Agreement; provided, however, that in the event of termination of any Subservicing Agreement by the Master Servicer or the Subservicer, the Master Servicer shall either act as servicer of the related Mortgage Loan or enter into a Subservicing Agreement with a successor Subservicer which will be bound by the terms of the related Subservicing Agreement. If the Master Subservicer or any affiliate of the Master Servicer acts as Subservicer, it will not assume liability for the representations and warranties of the Subservicer which it replaces. If the Master Subservicer enters into a Subservicing Agreement with a successor Subservicer, the Master Servicer shall use reasonable efforts to have the successor Subservicer assume liability for the representations and warranties made by the terminated Subservicer in respect of the related Mortgage Loans and, in the event of any such assumption by the successor Subservicer, the Master Servicer may, in the exercise of its business judgment, release the terminated Servicer from liability for such representations and warranties.
Successor Servicers. In the event that the Servicer is terminated pursuant to Section 10.01 hereof, or resigns pursuant to Section 9.04 hereof or otherwise becomes unable to perform its obligations under this Agreement, the Grantor Trustee will become the successor servicer or will appoint a successor servicer in accordance with the provisions of Section 10.02 hereof; provided, however, that any successor servicer, excluding the Grantor Trustee, shall satisfy the requirements of an Eligible Servicer and shall be approved by the Rating Agencies.
Successor Servicers. Section 4.08
Successor Servicers. 30 (d) Liability of the Master Servicer...............................................................30 (e) No Contractual Relationship Between Subservicers and the Trustees..............................30 (f) Rights of the Depositor and the Trustees in Respect of the Master Servicer.....................30 (g) Trustee to Act as Master Servicer..............................................................31 (h) Collection of Mortgage Loan Payments; Collection Accounts; Payment Account.....................31 (i) Collection of Taxes, Assessments and Similar Items; Escrow Accounts............................34 (j) Access to Certain Documentation and Information Regarding the Mortgage Loans...................34 (k) Permitted Withdrawals from the Note Account....................................................35 (l) Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies.....................36 (m) Enforcement of Due-On-Sale Clauses; Assumption Agreements......................................38 (n) Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans................39 (o) Access to Certain Documentation................................................................42 (p) Annual Statement as to Compliance..............................................................42 (q) Annual Independent Public Accountants' Servicing Statement; Financial Statements...............42 (r) Errors and Omissions Insurance; Fidelity Bonds.................................................43 (s) Master Servicer Monthly Data...................................................................43
Successor Servicers. 52 Section 4.08 Maintenance of Hazard Insurance; Property Protection Expenses ........................................... 53 Section 4.09 Maintenance of Mortgage Impairment Insurance Policy 53 Section 4.10 Reports to the Securities and Exchange Commission .. 54 Section 4.11 Payment of Taxes, Insurance and Other Charges ...... 54 Section 4.12
Successor Servicers. 36 Section 3.04. Liability of the Master Servicers...................37 Section 3.05. No Contractual Relationship Between Servicer and Trustee or Certificateholders.......................37 Section 3.06. Assumption or Termination of Servicing Agreements by Trustee..........................................37
