Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 32 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He7), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He3), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 14 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Series 2003 Nc2), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Series 2003 Nc2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Nc5)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 13 contracts
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2007-Nc2), Pooling and Servicing Agreement (EquiFirst Loan Securitization Trust 2007-1), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Wm3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 13 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc4), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc Trust 2003-Nc7), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-Wmc5)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a provider mutually acceptable to each First Lien Mortgage Loan the Depositor and Servicer (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 12 contracts
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Nc1), Custodial Agreement (SABR LLC Trust 2006-Cb1), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I Inc Dep Series 2002-Hq)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as the Servicer of the related Mortgage Loan.
Appears in 12 contracts
Samples: Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2006-Wmc1), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff5), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff11)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien related Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 10 contracts
Samples: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Gs Mortgage Securities Corp MTG Pa THR Cert Ser 2004-Fm1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 9 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-Wmc1), Pooling and Servicing Agreement (Gs Mortgage Securities Corp Mort Pas THR Cert Ser 2002 Nc1), Pooling and Servicing Agreement (Gs Mortgage Securities Corp Mort Pass THR Cert Ser 2003-Fm1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien related Mortgage Loan (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 9 contracts
Samples: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-C), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-E)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a nationally recognized provider acceptable to each First Lien Mortgage Loan the Servicer (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (FFMLT Trust 2005-Ff11), Pooling and Servicing Agreement (FFMLT 2006-Ff6), Pooling and Servicing Agreement (FFMLT Trust 2006-Ff4)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the TrusteeMaster Servicer, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc3), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He6), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He8)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 6 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2), Pooling and Servicing Agreement (Msac 2006-Nc1), Pooling and Servicing Agreement (Msac 2006-Nc1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan).
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2002-Ami), Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 2002-He2), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2002 Am2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 6 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Wmc1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He4), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He4)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer Servicer, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Sabr Trust 2005-Fr3), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff1), Pooling and Servicing Agreement (Sabr Trust 2005-Fr1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each Mortgage Loans serviced by such Servicer shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (GS Mortgage GSAMP Trust 2005-He1), Pooling and Servicing Agreement (GSAMP Trust 2005-He3), Pooling and Servicing Agreement (Gsamp Trust 2005-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each first lien Mortgage Loans serviced by such Servicer shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a nationally recognized provider acceptable to each First Lien Mortgage Loan the applicable Servicer (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer servicer of the related Mortgage Loan.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2006-He3), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2006-He2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I, Inc. IXIS Real Estate Capital Trust 2006-He1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He6), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Nc7), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He6)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under ensure that each First Lien Mortgage Loan shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the TrusteeMaster Servicer (or successor servicer), or a successor Servicer as applicable, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (GSAMP Trust 2007-Fm1), Pooling and Servicing Agreement (GSAMP Trust 2006-Fm3), Pooling and Servicing Agreement (GSAMP Trust 2007-Fm2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He9), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He9), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 4 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Home Equity Loan Trust 2005-1), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust Series 2005-3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First First-Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 3 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley Ixis Real Estate Capital Trust 2006-2), Indemnification and Contribution Agreement (Morgan Stanley Home Equity Loan Trust 2007-1), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First First-Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc Mort Pas THR Cert Ser 2004 Nc1), Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc Mort Pas THR Cert Ser 2004 Nc1), Pooling and Servicing Agreement (Morgan Stanley Abs Mort Pass THR Certs Ser 2003-Nc10)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First First-Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the TrusteeMaster Servicer, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley IXIS Real Estate Capital Trust 2006-1), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2007-2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (GSAMP Trust 2005-He4), Pooling and Servicing Agreement (GSAMP Trust 2005-He4)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each Mortgage Loans serviced by such Servicer shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff2), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce To the obligations under each extent a paid-in-full, life-of-the-loan tax service contract in effect with respect a provider mutually acceptable to each First Lien Mortgage Loan the Depositor and Servicer (each, a "Tax Service Contract") serviced is not provided by such Servicerthe Depositor, the Servicer shall ensure that each First Lien Mortgage Loan shall be covered by a Tax Service Contract. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Custodial Agreement (Gs Mortgage Securities Corp), Custodial Agreement (GSAMP Trust 2006-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to First-Lien each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Abs Capital I Inc Series 2004-He1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Abs Capital I Inc Series 2004-He1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc Trust 2003-He2), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc Trust 2003-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a provider mutually acceptable to each First Lien Mortgage Loan the Depositor and Servicer (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (C-Bass Mortgage Loan Trust 2007-Cb2), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Cb5)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-Nc2), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-Nc2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract"”) serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer at the applicable Servicer's ’s expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (GSAMP Trust 2005-He6), Pooling and Servicing Agreement (GSAMP Trust 2005-Ahl2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract"”) serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer servicer at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc5), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He7)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer Servicer, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Rec LLC Trust 2004 Nc1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loanterminated.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Op1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or its designee, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2002-Nc3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First First-Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer Trust at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Assignment and Recognition Agreement (Natixis Real Estate Capital Trust 2007-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the TrusteeMaster Servicer, or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, Trustee or a successor Servicer at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc Mort Pas THR Certs Ser 2003-Nc9)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer Servicer, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HASCO Trust 2005-Nc2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a nationally recognized provider acceptable to each First Lien Mortgage Loan the Servicer (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc CDC Mor Cap Tr 2004-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract"”) serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gsamp Trust 2004-Sd1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp Gsamp Trust 2004-He1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gsaa Home Equity Trust 2004-5)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "“Tax Service Contract") serviced by such Servicer”). Each Tax Service Contract shall be assigned transferred to the Trustee, or a successor Servicer Servicer, at the applicable Servicer's ’s expense in the event that a the Servicer is terminated for cause as Servicer of the related Mortgage Loan; otherwise such expense will be borne by the successor servicer.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HSI Asset Securitization CORP Trust 2006-Nc1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each first lien Mortgage Loans serviced by the Servicer shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a nationally recognized provider acceptable to each First Lien Mortgage Loan the Servicer (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer servicer of the related Mortgage Loan.
Appears in 1 contract
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each first lien Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect a nationally recognized provider acceptable to each First Lien Mortgage Loan the Servicer (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien related Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2003-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each related Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such the Servicer. Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GS Mortgage GSAMP Trust 2004-Sea2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer. Each Tax Service Contract shall be assigned to the Trustee, Trustee or a successor Servicer Servicer, at the applicable Servicer's expense in the event that a such Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2005-He1)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce ensure that each of the obligations under each Mortgage Loans shall be covered by a paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien such Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GS Mortgage Securities Corp. FFMLT Trust 2004-Ff3)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. (a) Each The Servicer shall enforce the obligations under each paid-in-full, life-of-the-loan tax service contract in effect with respect to each First Lien Mortgage Loan (each, a "Tax Service Contract") serviced by such Servicer). Each Tax Service Contract shall be assigned to the Trustee, or a successor Servicer its designee, at the applicable Servicer's expense in the event that a the Servicer is terminated as Servicer of the related Mortgage Loan.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 2002-Op1)
