Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-15xs), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-12xs)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Issuing Entity Securities Administrator/Servicer ------------------------------------------------------------------------------------------------------------------------------ o Sponsor (Seller) Depositor/Sponsor (Sellerif a party to this Agreement) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Affiliated Any affiliated Servicer The applicable Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Other Servicer servicing 20% or more of the pool Servicer assets at The applicable Servicer the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- Servicers ------------------------------------------------------------------------------------------------------------------------------ o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Depositor/Sponsor (if a party to this Agreement) ------------------------------------------------------------------------------------------------------------------------------ Item 2.04- Triggering Events that Accelerate or Increase a Master Servicer/Securities Administrator/ Accelerate or Increase a Administrator/Depositor Direct Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 3.03- Material Modification to Rights of Security Holders Securities Administrator Holders Administrator/Depositor Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Depositor Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 6.02- Change of Servicer or Trustee Securities Administrator Master Servicer/Securities Administrator/ Administrator/Depositor/ applicable successor Servicer/Depositor/applicable successor Trustee (as to itself)/successor trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg ------------------------------------------------------------------------------------------------------------------------------ Regulation AB disclosure about any new servicer or master applicable successor Servicer/applicable successor Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg Servicers/Depositor ------------------------------------------------------------------------------------------------------------------------------ Regulation AB disclosure about any new Trustee is also applicable successor Trustee required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 6.03- Change in Credit Enhancement or External Support Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Administrator Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg ------------------------------------------------------------------------------------------------------------------------------ Regulation AB disclosure about any new enhancement provider Depositor is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Administrator ------------------------------------------------------------------------------------------------------------------------------ Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg Regulation AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ If there are any new servicers or originators required Depositor to be Depositor disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- to this Agreement (excluding the Trustee) ------------------------------------------------------------------------------------------------------------------------------ Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 9.01- Financial Statements and Exhibits Responsible The party to this Agreement responsible for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3exhibit. ------------------------------------------------------------------------------------------------------------------------------ EXHIBIT W INTEREST RATE SWAP AGREEMENT (Multicurrency--Cross Border) ISDA(R) International Swap Dealers Association, Inc. MASTER AGREEMENT dated as of May 3, 2007 MORGAN STANLEY CAPITAL SERVICES INC. and WELLS FARGO BANK, NATIONAL XXXXCIATION, not individually, but solely as Securities Administrator for Morgan Stanley ABS Capital I Xxx. Xxxxx 2007-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to NC2, Mortgage Pass-Through Certificates, Series 2007-NC2 have entered and/or anticipate entering into one or more transactions (each a "Transaction") that are or will be delivered governed by this Master Agreement, which includes the schedule (the "Schedule"), and the documents and other confirming evidence (each party listed below shall address, at a minimum"Confirmation") exchanged between the parties confirming those Transactions. Accordingly, the criteria identified parties agree as below as "Applicable Servicing Criteria"follows:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc2)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Issuing Entity Securities Administrator/Servicer ------------------------------------------------------------------------------------------------------------------------------ o Sponsor (Seller) Depositor/Sponsor (Sellerif a party to this Agreement) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Affiliated Any affiliated Servicer The applicable Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Other Servicer servicing 20% or more of the pool Servicer assets at The applicable Servicer the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- Servicers ------------------------------------------------------------------------------------------------------------------------------ o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Custodian Custodian ------------------------------------------------------------------------------------------------------------------------------ o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Depositor/Sponsor (if a party to this Agreement) ------------------------------------------------------------------------------------------------------------------------------ Item 2.04- Triggering Events that Accelerate or Increase a Master Servicer/Securities Administrator/ Accelerate or Increase a Administrator/Depositor Direct Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 3.03- Material Modification to Rights of Security Holders Securities Administrator Holders Administrator/Depositor Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Depositor Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 6.02- Change of Servicer or Trustee Securities Administrator Master Servicer/Securities Administrator/ Administrator/Depositor/ applicable successor Servicer/Depositor/applicable successor Trustee (as to itself)/successor trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg ------------------------------------------------------------------------------------------------------------------------------ Regulation AB disclosure about any new servicer or master applicable successor Servicer/applicable successor Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg Servicers/Depositor ------------------------------------------------------------------------------------------------------------------------------ Regulation AB disclosure about any new Trustee is also applicable successor Trustee required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 6.03- Change in Credit Enhancement or External Support Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Administrator Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg ------------------------------------------------------------------------------------------------------------------------------ Regulation AB disclosure about any new enhancement provider Depositor is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Administrator ------------------------------------------------------------------------------------------------------------------------------ Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg Regulation AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ If there are any new servicers or originators required Depositor to be Depositor disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- to this Agreement (excluding the Trustee) ------------------------------------------------------------------------------------------------------------------------------ Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------ Item 9.01- Financial Statements and Exhibits Responsible The party to this Agreement responsible for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3exhibit. ------------------------------------------------------------------------------------------------------------------------------ EXHIBIT W INTEREST RATE SWAP AGREEMENT (Multicurrency--Cross Border) ISDA(R) International Swap Dealers Association, Inc. MASTER AGREEMENT dated as of April 26, 2007 MORGAN STANLEY CAPITAL and WELLS FARGO BANK, NATIONAL ASSOCIATIOX, x SERVICES INC. national banking association, not individually, but solely as Securities Administrator for Morgan Stanley ABS Capital I Inc. Xxxxt 0000-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to XE5, Mortgage Pass-Through Certificates, Series 2007-HE5 have entered and/or anticipate entering into one or more transactions (each a "Transaction") that are or will be delivered governed by this Master Agreement, which includes the schedule (the "Schedule"), and the documents and other confirming evidence (each party listed below shall address, at a minimum"Confirmation") exchanged between the parties confirming those Transactions. Accordingly, the criteria identified parties agree as below as "Applicable Servicing Criteria"follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He5)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 1.03- 1.03 - Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Issuing Entity Depositor --------------------------------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Sellerif a party to this Agreement) ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Affiliated Any affiliated Servicer The Servicer ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Other Servicer servicing 20% or more of the pool The Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Depositor/Sponsor (if a party to this Agreement) --------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item 2.04- 2.04 - Triggering Events that Accelerate or Master Servicer/Securities Administrator/ Accelerate or Administrator/Depositor Increase a Direct Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 3.03- 3.03 - Material Modification to Rights of Securities Administrator/Depositor Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 5.03- 5.03 - Amendments of Articles of Securities Administrator and Incorporation Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 6.01- 6.01 - ABS Informational and Computational Depositor Material Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 6.02- 6.02 - Change of Servicer or Trustee Securities Master Servicer/Securities Administrator/ Administrator/Depositor/ Administrator applicable successor Servicer/Depositor/applicable successor Trustee (as to itself)/successor trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg --------------------------------------------------------------------------------------------------------- Regulation AB disclosure about any new servicer or master applicable successor Servicer/Master Servicer/Depositor applicable successor master servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg Master Servicer/Depositor --------------------------------------------------------------------------------------------------------- Regulation AB disclosure about any new Trustee is applicable successor Trustee also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 6.03- 6.03 - Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Administrator External Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg --------------------------------------------------------------------------------------------------------- Regulation AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 6.04- 6.04 - Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Administrator --------------------------------------------------------------------------------------------------------- Item 6.05- 6.05 - Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg Regulation AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- If there are any new servicers or originators Depositor required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 7.01- 7.01 - Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- to this Agreement (excluding the Trustee) --------------------------------------------------------------------------------------------------------- Item 8.01- 8.01 - Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K8 -K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 9.01- 9.01 - Financial Statements and Exhibits Responsible The party to this Agreement responsible for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3exhibit. --------------------------------------------------------------------------------------------------------- EXHIBIT U FORM OF ADDITIONAL DISCLOSURE NOTIFICATION **SEND VIA EMAIL TO cts.sec.notifications@wellsfargo.com AND VIA OVERNIGHT MAIL TO THE ADDRXXX XXXXXXXXXXX XXXXX Xxxxx Xxxxx Xank, N.A. as Securities Administrator 9062 Old Annapolis Rxxx Xolumbia, Maryland 21045 Fax: (410) 715-3 EXHIBIT O 2380 E-xxxx: xxx.xxx.xxxxxxxxxxxxx@xxxxxxxxxx.xxx Xxxgan Stxxxxx XXX Xxxxtal Inc. 1000 Xxxxxxxx Xxx Xxxx, Xxx Xxxx 00006 Xxxx: Xxxxxxate Trust Services - Xxxxxxx 0000-XX0 - XXX XXXXXX XXXXXSSING **Additional Form [FORM OF10 D] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment [10 K] [8 K] Disclosure**Required ---------------------------------------------------------- Ladies and Gentlemen: In accordance with Section 8.12 of compliance the Pooling and Servicing Agreement (the "Agreement"), dated as of April 1, 2007, among Morgan Stanley ABS Capital I Inc., as depositor, Wells Fargo Bank, Natixxxx Xsxxxxxxxon, as master servicer and securitixx xxministrator, Saxon Mortgage Services, Inc., as servicer, Natixis Real Estate Capital Inc, as unaffiliated seller, and Deutsche Bank National Trust Company, as trustee, the undersigned, as [_________________________] hereby notifies you that certain events have come to our attention that we are required to report to you for disclosure on Form [10-D] [10-K] [8-K]. Description of additional Form [10-D] [10-K] [8-K] Disclosure: List of any attachments hereto to be delivered by each party listed below shall addressincluded in the Additional Form [10-D] [10-K] [8-K] Disclosure: Each of the attachments hereto is being transmitted to the Trustee in an EDGAR-compatible format. Any inquiries related to this notification shxxxx be directed to [_________________] phone number [___________________]; email address [______________________]. [NAME OF PARTY], at a minimum, the criteria identified as below as "Applicable As [Role] By: Name: EXHIBIT V FORM OF SERVICER REPORT ------------------------------------------------------------------------------------------------------------------ Standard Loan Level File Layout - Master Servicing Criteria":------------------------------------------------------------------------------------------------------------------ Exhibit 1: Layout
Appears in 1 contract
Samples: Assignment and Recognition Agreement (Natixis Real Estate Capital Trust 2007-He2)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item 2.04- Triggering Events that Accelerate or Increase Master Servicer/Securities Administrator/ Accelerate or Increase Depositor a Direct Financial Depositor Obligation or an Obligation under an (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Off-Balance Sheet Arrangement Master Servicer nor the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 5.03- Amendments of Articles of Incorporation or Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Requires disclosure of any removal, replacement, trustee substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other with any amendment or modification therewith) than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 ---------------------------------------------------------- -------------------------------------------------------- EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-6ar)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Other Servicer servicing 20% or more Servicer of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Administrator/ Depositor (with Financial Obligation or an Obligation respect to any agreement to which Obligation or an Obligation under an Off- Off-Balance Sheet Arrangement neither the Master Servicer nor the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 3.03- Material Modification to Securities Administrator Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 6.01- ABS Informational and Depositor Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Trustee Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Requires disclosure of any removal, itself)/Successor Trustee replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer or master servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Reg AB disclosure about any new Successor Trustee Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 6.03- Change in Credit Depositor/Securities Enhancement or External Depositor/Securities Support Administrator/Trustee (to the Support extent action is required by the Trustee in Covers termination of any enhancement connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the modification therewith) addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Reg AB disclosure about any new Depositor enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to Distribution the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 6.05- Securities Act Updating Depositor Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- If there are any new servicers or Depositor originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------- --------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for Exhibits reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- N-3-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-2)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 M-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Party Responsible Party ------------------------------------------------------------------------------------------------------------------- o Custodian Custodian ---------------------------------------------------------- -------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase Master Servicer and Securities Administrator a Direct Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Security Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 5.03- Amendments of Articles of (i) Securities Administrator and (ii) Depositor with Incorporation or Bylaws; Change of Fiscal Year respect to any information relating to the Depositor Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Securities Administrator Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Servicer Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Depositor and Securities Administrator/Trustee (to the Administrator Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":--------------------------------------------------------
Appears in 1 contract
Samples: Servicing Agreement (GSAA Home Equity Trust 2006-10)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Other Servicer servicing 20% or more of the Servicer pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 2.04- Triggering Events that Accelerate Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Obligation or Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- Off-Balance Sheet which neither the Master Servicer nor the Arrangement Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Security Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 6.01- ABS Informational and Computational Depositor Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Requires disclosure of any removal, itself)/successor trustee replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor master servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Reg AB disclosure about any new Trustee is successor trustee also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee External Support (to the Support extent action is required by the Covers termination of any enhancement in Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition modification therewith) of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Reg AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the Distribution extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- If there are any new servicers or originators Depositor required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 ---------------------------------------------------------------------------------------------- EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-5ar)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- Depositor ------------------------------------------------- --------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- o Other Servicer servicing 20% or more of the Servicer pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- o Custodian Custodian ------------------------------------------------- --------------------------------------- o Master Servicer Master Servicer ------------------------------------------------- --------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate Depositor or Increase a Direct Financial Depositor (with respect to any agreement to which Obligation or Servicer an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Securities Administrator Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 3.03- Material Modification to Rights of Trustee Security Holders Securities Administrator Holders Depositor Disclosure is required of any material (with respect to each, but only to the modification to documents defining the rights extent they are a party) of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 6.01- ABS Informational and Computational Depositor Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 6.02- Change of Servicer Servicer, Securities Trustee Administrator or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Servicer Depositor Requires disclosure of any removal, Master Servicer replacement, substitution or addition of any Securities Administrator master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Reg AB disclosure about any new servicer or Master Servicer master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Servicer Depositor ------------------------------------------------- --------------------------------------- Reg AB disclosure about any new Trustee is Trustee also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 6.03- Change in Credit Enhancement or Depositor External Depositor/Support Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Administrator Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Reg AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 6.04- Failure to Make a Required Securities Administrator Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- If there are any new servicers or originators Depositor required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Depositor Securities Administrator Master Servicer ------------------------------------------------- --------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------- --------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing Depositor Securities Administrator ------------------------------------------------- --------------------------------------- EXHIBIT S Form of Additional Disclosure Notification **SEND TO WELLS FARGO VIA FAX TO 443-367-3307 AND VIA EMAIL TO cts.sec.notificaxxxxx@wellsfargo.com ANX XXX XXXXXXGHT MAIL TO THE ADXXXXX XXXXXXXXXXX XXXXX. XXXX XX XXX DEPOSITOR AT THE ADDRESS BELOW** Wells Fargo Bank, N.A. as Securities Administrator 9062 Old Annapolis Xxxx Columbia, Maryland 21045 Fax: (443) 367-3307 X-xxxx: xxx.xxx.xxxxxxxxxxxxx@xxxxxxxxxx.xxx Xxset Baxxxx Xxxxxxx Xorporatiox 000 Xxxxx Xxxxx Xxxxxx, 00xx Xxxxx Charlotte, North Carolina 28255 Axxx: Xxxxxxxxx Xxxxx Services - [DEAL NAME]-SEC REPORT PROCESSING RE: **Additional Form [__] Disclosure**Required Ladies and Gentlemen: In accordance with Section [__] of the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 EXHIBIT O Pooling and Servicing Agreement, dated as of [FORM OF__] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT [__], 2007, among [__], as [__], [__], as [__], [___], as [___] and [__], as [__]. The assessment of compliance Undersigned, as [____], hereby notifies you that certain events have come to our attention that [will][may] need to be delivered by each party listed below shall disclosed on Form [___]. Description of Additional Form [__ ] Disclosure: ------------------------------------------------ List of Any Attachments hereto to be included in the Additional Form [__] Disclosure: Any inquiries related to this notification should be directed to [___], phone number: [___]; email address, at a minimum, the criteria identified : [___]. [NAME OF PARTY] as below as "Applicable Servicing Criteria":[role]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ABFC 2007-Wmc1 Trust)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 2.04- Triggering Events that Accelerate or Increase Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Obligation or an Obligatin under an Administrator/Depositor (with respect Off-Balance Sheet Arrangement to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor not the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Incorporation or Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor itself)/ successor trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee Support (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other with or modification therewith) than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 3 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-17xs)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Issuing Entity Securities Administrator/Servicer --------------------------------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Sellerif a party to this Agreement) ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Affiliated Any affiliated Servicer The Servicer ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Other Servicer servicing 20% or more of the pool The Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Depositor/Sponsor (if a party to this Agreement) --------------------------------------------------------------------------------------------------------- Item 2.04- Triggering Events that Accelerate Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Depositor (with respect to any agreement to which Obligation or Administrator/Depositor an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 3.03- Material Modification to Rights of Securities Administrator/Depositor Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Incorporation Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 6.01- ABS Informational and Computational Depositor Material Depositor ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Securities Master Servicer/Securities Administrator/ Administrator/Depositor/ Administrator applicable successor Servicer/Depositor/applicable successor Trustee (as to itself)/successor trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg --------------------------------------------------------------------------------------------------------- Regulation AB disclosure about any new applicable successor Servicer/applicable successor servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg Master Servicer/Depositor --------------------------------------------------------------------------------------------------------- Regulation AB disclosure about any new Trustee is also required. applicable successor trustee ---------------------------------------------------------- -------------------------------------------------------- Trustee --------------------------------------------------------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Administrator Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg --------------------------------------------------------------------------------------------------------- Regulation AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Administrator --------------------------------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg Regulation AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- If there are any new servicers or originators Depositor required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- to this Agreement (excluding the Trustee) --------------------------------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible The party to this Agreement responsible for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3exhibit. --------------------------------------------------------------------------------------------------------- EXHIBIT T INTEREST RATE SWAP AGREEMENT (Multicurrency--Cross Border) ISDA(R) International Swap Dealers Association, Inc. MASTER AGREEMENT dated as of June 20, 2007 MORGAN STANLEY CAPITAL and WELLS FARGO BANK, NATIONAL XXRXXXXX XNC. XXXXXIATION, not individually, but solely as Securities Administrator for Morgan Stanley ABS Capital I Xxx. Xxxxx 0007-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to NC34 Mortgage Pass-Through Certificates, Series 2007-NC4 have entered and/or anticipate entering into one or more transactions (each a "Transaction") that are or will be delivered governed by this Master Agreement, which includes the schedule (the "Schedule"), and the documents and other confirming evidence (each party listed below shall address, at a minimum"Confirmation") exchanged between the parties confirming those Transactions. Accordingly, the criteria identified parties agree as below as "Applicable Servicing Criteria"follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ---------------------------------------------------------- -------------------------------------------------------- S-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Party Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase Depositor a Direct Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Administrator is a party) Trustee Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Trustee Holders Depositor (with respect to each, only to the extent Disclosure is required of any material modification to documents defining they are a party) the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Depositor Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ ServicerTrustee/Depositor/Trustee (as to itself)/successor trustee Depositor Requires disclosure of any removal, replacement, substitution or addition of any master servicerServicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer Servicer is also required. Servicer ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- S-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Party Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/reporting/ disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3---------------------------------------------------------- -------------------------------------------------------- EXHIBIT T Form of Back-3 EXHIBIT O up Certification Banc of America Funding Corporation Mortgage Pass-Through Certificates, Series 2007-E The [FORM OF________] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance hereby certifies to be delivered by each party listed below shall addressthe Depositor, at a minimumand its officers, directors and affiliates, and with the criteria identified as below as "Applicable Servicing Criteria"knowledge and intent that they will rely upon this certification, that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-E Trust)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the Servicer time of the report ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 2.04- Triggering Events that Accelerate or Increase a Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Depositor (with Direct Financial Obligation or an Obligation under an respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer Off-Balance Sheet Arrangement nor the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Holders Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Incorporation or Bylaws; Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee itself)/Successor Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master servicer is Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- Successor Trustee ----------------------------------------------------------------------------------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Support Depositor/Securities Administrator/Trustee (to the Support extent Covers termination of any enhancement in manner other than by action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change amendment or modification therewith) in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- credit enhancements as well as derivatives. ----------------------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new enhancement provider is also Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- If there are any new servicers or originators required Depositor to be Depositor disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- N-3-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-1xs)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase Master Servicer nor the Securities a Direct Financial Obligation or an Obligatin under an Administrator/Depositor (with respect Off-Balance Sheet Arrangement to any agreement to which Obligation or an Obligation under an Off- neither the Master Master) Servicer nor not the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Incorporation or Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee itself)/ successor Requires disclosure of any removal, replacement, trustee substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee Support (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other with any amendment or modification therewith) than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 3 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-11)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item ------------------------------------------------------------------------------------------------------------------ ITEM 1.03- Bankruptcy or Receivership BANKRUPTCY OR RECEIVERSHIP Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Affiliated Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Other Servicer servicing 20% or more of the pool Master Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Other material servicers Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form ------------------------------------------------------------------------------------------------------------------ ITEM ON FORM 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item PARTY RESPONSIBLE ------------------------------------------------------------------------------------------------------------------ o Custodian Custodian ------------------------------------------------------------------------------------------------------------------ ITEM 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial TRIGGERING EVENTS THAT ACCELERATE OR INCREASE Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN Master Servicer nor the OFF-BALANCE SHEET ARRANGEMENT Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item ------------------------------------------------------------------------------------------------------------------ ITEM 3.03- Material Modification to Rights of Security MATERIAL MODIFICATION TO RIGHTS OF SECURITY Securities Administrator Holders HOLDERS Trustee Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item ------------------------------------------------------------------------------------------------------------------ ITEM 5.03- Amendments of Articles of Securities Administrator and AMENDMENTS OF ARTICLES OF INCORPORATION OR Depositor Incorporation or BylawsBYLAWS; Change of Fiscal Year CHANGE OF FISCAL YEAR Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- Item ------------------------------------------------------------------------------------------------------------------ ITEM 6.01- ABS Informational and Computational Material INFORMATIONAL AND COMPUTATIONAL MATERIAL Depositor ---------------------------------------------------------- -------------------------------------------------------- Item ------------------------------------------------------------------------------------------------------------------ ITEM 6.02- Change of Servicer or Trustee CHANGE OF SERVICER OR SECURITIES Master Servicer/Securities Administrator/ ServicerADMINISTRATOR Administrator/Depositor/Trustee (as to itself)/successor trustee Depositor Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also Master Servicer required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- Item Trustee ------------------------------------------------------------------------------------------------------------------ ITEM 6.03- Change in Credit Enhancement or External CHANGE IN CREDIT ENHANCEMENT OR Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Administrator EXTERNAL SUPPORT Covers termination of any enhancement in manner other than by its terms, the addition of an ------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------ FORM 8-K DISCLOSURE INFORMATION ------------------------------------------------------------------------------------------------------------------ ITEM ON FORM 8-K PARTY RESPONSIBLE ------------------------------------------------------------------------------------------------------------------ enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item ------------------------------------------------------------------------------------------------------------------ ITEM 6.04- Failure to Make a Required Distribution FAILURE TO MAKE A REQUIRED DISTRIBUTION Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item Administrator ------------------------------------------------------------------------------------------------------------------ ITEM 6.05- Securities Act Updating Disclosure SECURITIES ACT UPDATING DISCLOSURE Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------ If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item ------------------------------------------------------------------------------------------------------------------ ITEM 7.01- Reg REG FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Item DISCLOSURE Depositor ------------------------------------------------------------------------------------------------------------------ ITEM 8.01- Other Events OTHER EVENTS Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item ------------------------------------------------------------------------------------------------------------------ ITEM 9.01- Financial Statements and Exhibits FINANCIAL STATEMENTS AND EXHIBITS Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3------------------------------------------------------------------------------------------------------------------ EXHIBIT T Additional Disclosure Notification **SEND VIA FAX TO 000-3 EXHIBIT O 000-0000 AND VIA EMAIL TO XXX.XXX.XXXXXXXXXXXXX@XXXXXXXXXX.XXX AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDIATELY BELOW** Xxxxx Fargo Bank, N.A., as Securities Administrator 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Attn: Corporate Trust Services- [FORM OFDEAL NAME]--SEC REPORT PROCESSING Banc of America Funding Corporation 000 Xxxxx Xxxxx Xxxxxx Charlotte, North Carolina 28255 Attention: General Counsel and Chief Financial Officer RE: **Additional Form [10-D][10-K][8-K] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment Disclosure** Required Ladies and Gentlemen: In accordance with Section [ ] of compliance the Pooling and Servicing Agreement, , dated as of [ ][ ], 2006, among [ ], as [ ], [ ], as [ ], [ ], as [ ] and [ ], as [ ]. the undersigned, as [ ], hereby notifies you that certain events have come to our attention that [will] [may] need to be delivered by each party listed below shall disclosed on Form [10-D][10-K][8-K]. Description of Additional Form [10-D][10-K][8-K] Disclosure: List of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure: Any inquiries related to this notification should be directed to [ ], phone number: [ ]; email address: [ ]. [NAME OF PARTY], at a minimum, the criteria identified as below as "Applicable Servicing Criteria"[role] By: Name: Title:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-5 Trust)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor ------------------------------------------------ --------------------------------------------- Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master ------------------------------------------------ --------------------------------------------- Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Other Servicer servicing 20% or more of the Servicer pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate Depositor or Increase a Direct Financial Depositor (with respect to any agreement to which Obligation or Servicer an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Trustee Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 3.03- Material Modification to Rights of Trustee/Responsible Security Securities Administrator Holders Party/Depositor/Servicer Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ." ------------------------------------------------ --------------------------------------------- Item 6.01- ABS Informational and Computational Depositor Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Servicer/ Depositor /Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor master servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new Trustee is successor Trustee also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the External Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.04- Failure to Make a Required Trustee Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- If there are any new servicers or originators Depositor required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Depositor ------------------------------------------------ --------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party Party responsible for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3------------------------------------------------ --------------------------------------------- EXHIBIT 10.2 EXHIBIT T INTEREST RATE SWAP AGREEMENT Barclays Bank PLC 5 The North Colonnade Canxxx Xxxxx Xxxxxx X00 0XX Xxx +00 (0)00 0000 0003 DATE: December 12, 2006 TO: Xxcuritized Asset Backed Receivables LLC Trust 2006-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall addressFR4, at a minimumMortgage Pass-Through Certificates, Series 2006-FR4 (the criteria identified "Trust"), Deutsche Bank National Trust Company, not individually, but solely as below as "Applicable Servicing Criteria":Trustee 1761 East St. Andrew Place Santa Ana, Californix 00000 XXXXXXXXX: Xxxxx Administration - BC06F4 TELEPHONE: 714-247-6000 FACSIMILE: 714-656-2622 FROM: Xxxxxxxx Bank PLC
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Fr4)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o - Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o - Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o - Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o - Affiliated Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o - Other Servicer servicing 20% or more of the pool Master Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o - Other material servicers Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o - Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o - Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o - Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o - Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o - Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o ---------------------------------------------------------- -------------------------------------------------------- - Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase Depositor a Direct Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Securities Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Holders Trustee Depositor Disclosure is required of any material modification to (with respect to each, only to the extent they are a documents defining the rights of Certificateholders, party) including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Depositor Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Securities Administrator Master Servicer/Securities Administrator/ ServicerAdministrator/Depositor/Trustee (as to itself)/successor trustee Depositor Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also Master Servicer required. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Administrator Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) Administrator ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3---------------------------------------------------------- -------------------------------------------------------- EXHIBIT R Form of Back-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT up Certification Banc of America Funding Corporation Mortgage Pass-Through Certificates, Series 2006-8T2 The assessment of compliance Securities Administrator hereby certifies to be delivered by each party listed below shall addressthe Master Servicer, at a minimumand its officers, directors and affiliates, and with the criteria identified as below as "Applicable Servicing Criteria"knowledge and intent that they will rely upon this certification, that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-8t2 Trust)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Other Servicer servicing 20% or more of the Servicer pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item on Form 8-K Party Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Depositor Accelerate or Increase a Direct Financial Depositor (with respect to any agreement to which Servicer Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Trustee Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 3.03- Material Modification to Rights Trustee of Security Securities Administrator Holders Depositor (with respect to each, only to Disclosure is required of any material the extent they are a party) modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 6.01- ABS Informational and Depositor Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ ServicerTrustee/Depositor/Trustee (as to itself)/successor trustee Depositor Requires disclosure of any removal, replacement, substitution or addition of any master servicerServicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer Servicer is Servicer also required. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new Trustee is also Trustee required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Support Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ----------------------------------------------------------------------------------------------------------- Item on Form 8-K Party Responsible ----------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Trustee Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Depositor Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- If there are any new servicers or originators Depositor required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Depositor ----------------------------------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the Exhibits financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3----------------------------------------------------------------------------------------------------------- EXHIBIT T Form of Back-3 EXHIBIT O up Certification Banc of America Funding Corporation Mortgage Pass-Through Certificates, Series 2007-5 The [FORM OF________] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance hereby certifies to be delivered by each party listed below shall addressthe Depositor, at a minimumand its officers, directors and affiliates, and with the criteria identified as below as "Applicable Servicing Criteria"knowledge and intent that they will rely upon this certification, that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-5 Trust)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- Depositor ------------------------------------------------ --------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Other Servicer servicing 20% or more of the Servicer pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate Depositor or Increase a Direct Financial Depositor (with respect to any agreement to which Obligation or Servicer an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Trustee Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 3.03- Material Modification to Rights of Trustee Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Trustee Incorporation or Bylaws; Change of Fiscal Year Depositor Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.01- ABS Informational and Computational Depositor Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Servicer Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new servicer or Trustee master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Servicer ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new Trustee is Trustee also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.03- Change in Credit Enhancement or Depositor External Depositor/Securities Administrator/Support Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.04- Failure to Make a Required Trustee Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- If there are any new servicers or originators Depositor required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing Depositor Trustee ------------------------------------------------ --------------------------------------------- EXHIBIT S Additional Disclosure Notification **SEND TO WELLS FARGO VIA FAX TO 410-715-2380 AND VIA EMAIL TO cts.sec.notificaxxxxx@wellsfargo.com ANX XXX XXXXXXGHT MAIL TO THE ADXXXXX XXXXXXXXXXX XXXXX. XXXX XX XXX DEPOSITOR AT THE ADDRESS BELOW** Wells Fargo Bank, N.A. as Trustee 9062 Old Annapolis Road Columbia, Mxxxxxnd 21045 Fax: (410) 715-2380 X-xxxx: xxx.xxx.xxxxxxxxxxxxx@xxxxxxxxxx.xxx Xsset Bxxxxx Xxxxxxx Corporatiox 000 Xxxxx Xxxxx Xxxxxx, 00xx Xxxxx Charlotte, North Carolina 28255 Axxx: Xxxxxxxxx Xxxxx Services - [DEAL NAME]-SEC REPORT PROCESSING RE: **Additional Form [ ] Disclosure**Required Ladies and Gentlemen: In accordance with Section [ ] of the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 EXHIBIT O Pooling and Servicing Agreement, dated as of [ ] [ ], 2006, among [ ], as [ ], [ ], as [ ], [ ], as [ ] and [ ], as [ ]. The Undersigned, as [ ], hereby notifies you that certain events have come to our attention that [FORM OFwill][may] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance need to be delivered by each party listed below shall disclosed on Form [ ]. Description of Additional Form [ ] Disclosure: List of Any Attachments hereto to be included in the Additional Form [ ] Disclosure: Any inquiries related to this notification should be directed to [ ], phone number: [ ]; email address, at a minimum, the criteria identified : [ ]. [NAME OF PARTY] as below as "Applicable Servicing Criteria"[role] By: __________________ Name: Title:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ABFC 2006-Opt3 Trust)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Depositor --------------------------------------------------------------------------------------------- Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor Sponsors (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor --------------------------------------------------------------------------------------------- Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o --------------------------------------------------------------------------------------------- Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o --------------------------------------------------------------------------------------------- Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o --------------------------------------------------------------------------------------------- Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o --------------------------------------------------------------------------------------------- Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate Depositor --------------------------------------------------------------------------------------------- or Increase a Direct Financial Depositor (with respect to any agreement to which Obligation or Trustee --------------------------------------------------------------------------------------------- an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------- Item 3.03- Material Modification to Rights of Trustee/Depositor Security Securities Administrator Holders --------------------------------------------------------------------------------------------- Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Trust Agreement. ---------------------------------------------------------- -------------------------------------------------------- --------------------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year --------------------------------------------------------------------------------------------- Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ." --------------------------------------------------------------------------------------------- Item 6.01- ABS Informational and Computational Depositor Material Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":---------------------------------------------------------------------------------------------
Appears in 1 contract
Samples: Assignment and Recognition Agreement (BCAP LLC Trust 2007-Aa1)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor ---------------------------------------------------------------------------- ---------------------------------------------------- Sponsors (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor ---------------------------------------------------------------------------- ---------------------------------------------------- Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o ---------------------------------------------------------------------------- ---------------------------------------------------- Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o ---------------------------------------------------------------------------- ---------------------------------------------------- Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o ---------------------------------------------------------------------------- ---------------------------------------------------- Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o ---------------------------------------------------------------------------- ---------------------------------------------------- Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Depositor Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Administrator is a party) Trustee Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Holders Trustee/Depositor Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Trust Agreement. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Depositor Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ." ---------------------------------------------------------------------------- ---------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Depositor /Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also Depositor required. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- Trustee ---------------------------------------------------------------------------- ---------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Support Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Depositor ---------------------------------------------------------------------------- ---------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed Depositor under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Depositor ---------------------------------------------------------------------------- ---------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party Party responsible for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3---------------------------------------------------------------------------- ---------------------------------------------------- EXHIBIT S ADDITIONAL DISCLOSURE NOTIFICATION BCAP LLC 200 Park Avenue New York, New York 10166 Attention: [_________] **SEXX XXX XXXXX XX XXXxx.Xxxxxxxxxxxxx@xx.xxm AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDIXXXXX XXXXX Xxxxxxxx Xxxx National Trust Company, as trustee 1761 St. Andrew Place Santa Ana, California 92705 Email: DBSec.Notifixxxxxxx@xx.xxx Xxxx.: Trust & Securities Services- BCAP 0000-3 EXHIBIT O XX0 Xx: XX: **Additional Form [FORM OF10-D][10-K][8-K] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT Disclosure** Required ------------------------------------------------------------- Ladies and Gentlemen: In accordance with Section 8.15 of the Trust Agreement, dated as of March 1, 2007, between BCAP LLC, as depositor, Wells Fargo Bank, N.A., as custodian and Deutsche Bank National Trust Cxxxxxy, as trustee. The assessment of compliance undersigned, as [____], hereby notifies you that certain events have come to our attention that [will] [may] need to be delivered disclosed on Form [10-D][10-K][8-K]. Description of Additional Form [10-D][10-K][8-K] Disclosure: List of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure: Any inquiries related to this notification should be directed to [____], phone number: [____]; email address: [____]. [NAME OF PARTY], as [role] By: ____________________________________ Name: Title: EXHIBIT T AMENDMENT REG AB AMENDMENT REG AB TO THE MASTER MORTGAGE LOAN PURCHASE AGREEMENT AND THE SERVICING AGREEMENT This is Amendment Reg AB ("Amendment Reg AB"), dated as of August 30, 2006, by and between Barclays Bank PLC (the "Purchaser") and Countrywide Home Loans, Inc. (the "Company"), to that certain Master Mortgage Loan Purchase Agreement (the "Purchase Agreement") and that certain Servicing Agreement (the "Servicing Agreement"), each party listed below shall addressdated as of August 30, at a minimum2006 and each by and between the Company and the Purchaser (as amended, modified or supplemented, the criteria identified as below as "Applicable Servicing CriteriaExisting Agreements":).
Appears in 1 contract
Samples: Assignment and Recognition Agreement (BCAP LLC Trust 2007-Aa4)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item -------------------------------------------------------------------------------- ITEM 1.03- Bankruptcy or Receivership BANKRUPTCY OR RECEIVERSHIP Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Affiliated Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Other Servicer servicing 20% or more Master Servicer of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Other material servicers Master Servicer ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------- S-1 -------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form -------------------------------------------------------------------------------- ITEM ON FORM 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item PARTY RESPONSIBLE -------------------------------------------------------------------------------- o Custodian Custodian -------------------------------------------------------------------------------- ITEM 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial TRIGGERING EVENTS THAT Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the ACCELERATE OR INCREASE A DIRECT Master Servicer nor the FINANCIAL OBLIGATION OR AN OBLIGATION Securities Balance Sheet Arrangement Administrator is a party) UNDER AN OFF-BALANCE SHEET ARRANGEMENT Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item -------------------------------------------------------------------------------- ITEM 3.03- Material Modification to Rights of Security MATERIAL MODIFICATION TO Securities Administrator Holders RIGHTS OF SECURITY HOLDERS Trustee Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item -------------------------------------------------------------------------------- ITEM 5.03- Amendments of Articles of Securities Administrator and AMENDMENTS OF ARTICLES OF Depositor Incorporation or BylawsINCORPORATION OR BYLAWS; Change of Fiscal Year CHANGE OF FISCAL YEAR Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- Item -------------------------------------------------------------------------------- ITEM 6.01- ABS Informational and Computational Material INFORMATIONAL AND Depositor ---------------------------------------------------------- -------------------------------------------------------- Item COMPUTATIONAL MATERIAL -------------------------------------------------------------------------------- ITEM 6.02- Change of Servicer or Trustee CHANGE OF SERVICER OR Master Servicer/Securities Administrator/ ServicerSECURITIES ADMINISTRATOR Administrator/Depositor/Trustee (as to itself)/successor trustee Depositor Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor Servicer servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Reg AB disclosure about any new Trustee Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- Item -------------------------------------------------------------------------------- ITEM 6.03- Change in Credit Enhancement or External CHANGE IN CREDIT ENHANCEMENT Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Administrator OR EXTERNAL SUPPORT Covers termination of any enhancement in manner other than by its terms, the addition of an -------------------------------------------------------------------------------- S-2 -------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION -------------------------------------------------------------------------------- ITEM ON FORM 8-K PARTY RESPONSIBLE -------------------------------------------------------------------------------- enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Reg AB disclosure about any new Depositor enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item -------------------------------------------------------------------------------- ITEM 6.04- Failure to Make a Required Distribution FAILURE TO MAKE A REQUIRED Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Administrator DISTRIBUTION -------------------------------------------------------------------------------- ITEM 6.05- SECURITIES ACT UPDATING Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor DISCLOSURE If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Depositor Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item -------------------------------------------------------------------------------- ITEM 7.01- Reg REG FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Item DISCLOSURE Depositor -------------------------------------------------------------------------------- ITEM 8.01- Other Events OTHER EVENTS Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item -------------------------------------------------------------------------------- ITEM 9.01- Financial Statements and Exhibits FINANCIAL STATEMENTS AND Responsible party for EXHIBITS reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-------------------------------------------------------------------------------- EXHIBIT T [Reserved] EXHIBIT U Additional Disclosure Notification **SEND VIA FAX TO 000-3 EXHIBIT O 000-0000 AND VIA EMAIL TO XXX.XXX.XXXXXXXXXXXXX@XXXXXXXXXX.XXX AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDIATELY BELOW** Xxxxx Fargo Bank, N.A., as Securities Administrator 0000 Xxx Xxxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Attn: Corporate Trust Services- [FORM OFDEAL NAME]--SEC REPORT PROCESSING Banc of America Funding Corporation 000 Xxxxx Xxxxx Xxxxxx Charlotte, North Carolina 28255 Attention: General Counsel and Chief Financial Officer RE: **Additional Form [10-D][10-K][8-K] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment Disclosure** Required Ladies and Gentlemen: In accordance with Section [ ] of compliance the Pooling and Servicing Agreement, , dated as of [ ][ ], 2006, among [ ], as [ ], [ ], as [ ], [ ], as [ ] and [ ], as [ ]. the undersigned, as [ ], hereby notifies you that certain events have come to our attention that [will] [may] need to be delivered disclosed on Form [10-D][10-K][8-K]. Description of Additional Form [10-D][10-K][8-K] Disclosure: List of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure: Any inquiries related to this notification should be directed to [ ], phone number: [ ]; email address: [ ]. [NAME OF PARTY], as [role] By: ___________________________ Name: Title: EXHIBIT V Available Combinations -------------------------------------------------------------------------------------------------------------------------- EXCHANGEABLE REMIC CERTIFICATES EXCHANGEABLE CERTIFICATES -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- EXCHANGEABLE REMIC CLASS MAXIMUM INITIAL CLASS CUSIP EXCHANGEABLE CLASS MAXIMUM INITIAL CLASS CUSIP BALANCE(1) NUMBER BALANCE(1) NUMBER -------------------------------------------------------------------------------------------------------------------------- REMIC COMBINATION 1 EXCHANGEABLE COMBINATION 1 -------------------------------------------------------------------------------------------------------------------------- A-11 $91,873,000 05950F AL 9 A-8 $118,872,000 05950F AH 8 -------------------------------------------------------------------------------------------------------------------------- A-12 $26,999,000 05950F AM 7 -------------------------------------------------------------------------------------------------------------------------- REMIC COMBINATION 2 EXCHANGEABLE COMBINATION 2 ------------------------------------------------------------------------------------------------------------------------- A-13 $6,246,000 05950F AN 5 A-10 $25,774,000 05950F AK 1 -------------------------------------------------------------------------------------------------------------------------- A-14 $12,791,000 05950F AP 0 -------------------------------------------------------------------------------------------------------------------------- A-15 $6,737,000 05950 AQ 8 -------------------------------------------------------------------------------------------------------------------------- REMIC COMBINATION 3 EXCHANGEABLE COMBINATION 3 -------------------------------------------------------------------------------------------------------------------------- A-13 $6,246,000 05950F AN 5 A-16 $480,462 05950F AR 6 -------------------------------------------------------------------------------------------------------------------------- A-17 $5,765,538 05950F AS 4 -------------------------------------------------------------------------------------------------------------------------- REMIC COMBINATION 4 EXCHANGEABLE COMBINATION 4 -------------------------------------------------------------------------------------------------------------------------- A-14 $12,791,000 05950F AP 0 A-18 $983,924 05950F AT 2 -------------------------------------------------------------------------------------------------------------------------- A-19 $11,807,076 05950F AU 9 -------------------------------------------------------------------------------------------------------------------------- REMIC COMBINATION 5 EXCHANGEABLE COMBINATION 5 -------------------------------------------------------------------------------------------------------------------------- A-15 $6,737,000 05950 AQ 8 A-20 $518,231 05950F AV 7 -------------------------------------------------------------------------------------------------------------------------- A-21 $6,218,769 05950F AW 5 -------------------------------------------------------------------------------------------------------------------------- REMIC COMBINATION 6 EXCHANGEABLE COMBINATION 6 -------------------------------------------------------------------------------------------------------------------------- A-13 $6,246,000 05950F AN 5 A-22 $1,982,617 05950F AX 3 -------------------------------------------------------------------------------------------------------------------------- A-14 $12,791,000 05950F AP 0 A-23 $23,791,383 05950F AY 1 -------------------------------------------------------------------------------------------------------------------------- A-15 $6,737,000 05950 AQ 8 -------------------------------------------------------------------------------------------------------------------------- REMIC COMBINATION 7 EXCHANGEABLE COMBINATION 7 -------------------------------------------------------------------------------------------------------------------------- A-13 $6,246,000 05950F AN 5 A-24 $249,840 05950F AZ 8 -------------------------------------------------------------------------------------------------------------------------- A-25 $5,996,160 05950F BA 2 -------------------------------------------------------------------------------------------------------------------------- REMIC COMBINATION 8 EXCHANGEABLE COMBINATION 8 -------------------------------------------------------------------------------------------------------------------------- A-14 $12,791,000 05950F AP 0 A-26 $511,640 05950F BB 0 -------------------------------------------------------------------------------------------------------------------------- A-27 $12,279,360 05950F BC 8 -------------------------------------------------------------------------------------------------------------------------- REMIC COMBINATION 9 EXCHANGEABLE COMBINATION 9 -------------------------------------------------------------------------------------------------------------------------- A-15 $6,737,000 05950 AQ 8 A-28 $269,480 05950F BD 6 -------------------------------------------------------------------------------------------------------------------------- A-29 $6,467,520 05950F BE 4 -------------------------------------------------------------------------------------------------------------------------- REMIC COMBINATION 10 EXCHANGEABLE COMBINATION 10 -------------------------------------------------------------------------------------------------------------------------- A-13 $6,246,000 05950F AN 5 A-30 $1,030,960 05950F BF 1 -------------------------------------------------------------------------------------------------------------------------- A-14 $12,791,000 05950F AP 0 A-31 $24,743,040 05950F BG 9 -------------------------------------------------------------------------------------------------------------------------- A-15 $6,737,000 05950 AQ 8 -------------------------------------------------------------------------------------------------------------------------- EXHIBIT W Form of Request for Exchangeable REMIC or Exchangeable Certificates ___, 20__ Xxxxx Fargo Bank, N.A. Xxxxx Xxxxxx xxx Xxxxxxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxxxx 00000, Attention: BAFC 2006-4 Re: Banc of America Funding 2006-4 Trust, Mortgage Pass-Through Certificates, Series 2006-4 Ladies and Gentlemen: Pursuant to the terms of that certain Pooling and Servicing Agreement, dated June 29, 2006, by each party listed below shall addressand among Banc of America Funding Corporation, at a minimumas depositor, U.S. Bank National Association, as trustee, and Xxxxx Fargo Bank, N.A., as master servicer and as securities administrator (in such capacity, the criteria identified "Securities Administrator"), we hereby present and surrender the [Exchangeable REMIC Certificates] [Exchangeable Certificates] specified on Schedule I attached hereto (the ["Exchangeable REMIC Certificates"] ["Exchangeable Certificates"]) and transfer, assign, set over and otherwise convey to the Securities Administrator, all of our right, title and interest in and to the [Exchangeable REMIC Certificates] [Exchangeable Certificates], including all payments of interest thereon received after [______], 2006, in exchange for the [Exchangeable Certificates] [Exchangeable REMIC Certificates] specified on Schedule I attached hereto (the ["Exchangeable Certificates"] ["Exchangeable REMIC Certificates"]). We agree that upon such exchange the portions of the [Exchangeable REMIC Certificates] [Exchangeable Certificates] designated for exchange shall be deemed cancelled and replaced by the [Exchangeable Certificates] [Exchangeable REMIC Certificates] issued in exchange therefor. We confirm that we have paid a fee of $5,000 to the Securities Administrator in connection with such exchange. Sincerely, By: ____________________________________ Name: Title: Acknowledged by: XXXXX FARGO BANK, N.A., as below as "Applicable Servicing Criteria":Securities Administrator By: ____________________________ Name: Title: SCHEDULE I
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-4 Trust)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Other Servicer servicing 20% or more Servicer of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Administrator/ Depositor (with Financial Obligation or an Obligation respect to any agreement to which Obligation or an Obligation under an Off- Off-Balance Sheet Arrangement neither the Master Servicer nor the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 3.03- Material Modification to Securities Administrator Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.01- ABS Informational and Depositor Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Trustee Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee itself)/Successor Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor or master servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Reg AB disclosure about any new Trustee Successor Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.03- Change in Credit Depositor/Securities Administrator/ Enhancement or External Depositor/Securities Administrator/Support Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement action in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Reg AB disclosure about any new Depositor enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to Distribution the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Depositor Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- If there are any new servicers or Depositor originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for Exhibits reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 ------------------------------------------------------------------------------- EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-9ar)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate o Depositor or Increase a Direct Financial Depositor (with respect to any agreement to which Obligation or o Trustee an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 3.03- Material Modification to Rights of o Trustee Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and o Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.01- ABS Informational and Computational o Depositor Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.02- Change of Servicer or Trustee o Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee Servicer (as to itself)/successor trustee itself or a servicer retained by it) Requires disclosure of any removal, o Special Servicer (as to itself or a replacement, substitution or addition of any servicer retained by it) master servicer, affiliated servicer, other o Trustee servicer servicing 10% or more of pool assets o Depositor at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new servicer or o Master Servicer or Special master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Servicer, as applicable ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new Trustee is o Trustee also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.03- Change in Credit Enhancement or N/A External Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.04- Failure to Make a Required o Trustee Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.05- Securities Act Updating Disclosure o Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 7.01- Reg Regulation FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- o Depositor ------------------------------------------------ --------------------------------------------- Item 8.01- 8.01 - Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":o Depositor
Appears in 1 contract
Samples: Pooling and Servicing Agreement (COMM 2006-C7 Mortgage Trust)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Issuing Entity Securities Administrator/Servicer -------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Sellerif a party to this Agreement) ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Affiliated Any affiliated Servicer The applicable Servicer ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Other Servicer servicing 20% or more The applicable Servicer of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- Servicers -------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Custodian Custodian -------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Depositor/Sponsor (if a party to this Agreement) -------------------------------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Administrator/Depositor Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Item 3.03- Material Modification to Securities Administrator/Depositor Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Item 6.01- ABS Informational and Depositor Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Securities Administrator Administrator/Depositor/ applicable successor Servicer/Depositor/applicable successor Trustee (as to itself)/successor trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg -------------------------------------------------------------------------------- Regulation AB disclosure about any new applicable successor servicer or master Servicer/Master Servicer/Depositor servicer is also Servicer/applicable successor Master required. ---------------------------------------------------------- -------------------------------------------------------- Reg Servicers/Depositor -------------------------------------------------------------------------------- Regulation AB disclosure about any new applicable successor Trustee Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Item 6.03- Change in Credit Depositor/Securities Administrator Enhancement or External Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg -------------------------------------------------------------------------------- Regulation AB disclosure about any new Depositor enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Securities Administrator Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Depositor Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg Regulation AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- If there are any new servicers or Depositor originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- to this Agreement (excluding the Trustee) -------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- -------------------------------------------------------------------------------- Item 9.01- Financial Statements and The party to this Agreement Exhibits Responsible party responsible for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3exhibit. -------------------------------------------------------------------------------- EXHIBIT U INTEREST RATE SWAP AGREEMENT (Multicurrency--Cross Border) ISDA(R) International Swap Dealers Association, Inc. MASTER AGREEMENT dated as of September 28, 2007 MORGAN STANLEY CAPITAL and WELLS FARGO BANK, NATIONAL ASSOCIATION, xxx SERVICES INC. individually, but solely as Securities Administrator for Morgan Stanley ABS Capital I Inc. Txxxx 0000-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to XX0, Mortgage Pass-Through Certificates, Series 2007-HE7 have entered and/or anticipate entering into one or more transactions (each a "Transaction") that are or will be delivered governed by this Master Agreement, which includes the schedule (the "Schedule"), and the documents and other confirming evidence (each party listed below shall address, at a minimum"Confirmation") exchanged between the parties confirming those Transactions. Accordingly, the criteria identified parties agree as below as "Applicable Servicing Criteria"follows:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He7)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Other Servicer servicing 20% or more of the Servicer pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------ --------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 2.04- Triggering Events that Accelerate Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Obligation or Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- Off-Balance Sheet which neither the Master Servicer nor the Arrangement Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Security Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.01- ABS Informational and Depositor Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Requires disclosure of any removal, itself)/Successor Trustee replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor master servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new Trustee is Successor Trustee also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee External Support (to the Support extent action is required by the Covers termination of any enhancement in Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition modification therewith) of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------ --------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the Distribution extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.05- Securities Act Updating Depositor Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- If there are any new servicers or originators Depositor required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing Exhibits the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 ------------------------------------------------ --------------------------------------------- EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Other Servicer servicing 20% or more Servicer of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Administrator/ Depositor (with Financial Obligation or an Obligation respect to any agreement to which Obligation or an Obligation under an Off- Off-Balance Sheet Arrangement neither the Master Servicer nor the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 3.03- Material Modification to Securities Administrator Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.01- ABS Informational and Depositor Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Trustee Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee itself)/Successor Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer or master servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Reg AB disclosure about any new Successor Trustee Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.03- Change in Credit Depositor/Securities Enhancement or External Depositor/Securities Support Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Reg AB disclosure about any new Depositor enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to Distribution the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Depositor Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- If there are any new servicers or Depositor originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for Exhibits reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 ------------------------------------------------------------------------------- EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":: ------------------------------------------------------------------------------ Servicing Criteria Applicable Servicing Criteria/ Responsible Party ------------------------------------------------------------------------------ Reference Criteria ------------------------------------------------------------------------------ General Servicing Considerations ------------------------------------------------------------------------------ 1122(d)(1)(i) Policies and procedures are instituted to monitor any S, MS, SA performance or other triggers and events of default in accordance with the transaction agreements. --------------- ---------------- 1122(d)(1)(ii) If any material servicing activities are outsourced S, MS, SA to third parties, policies and procedures are instituted to monitor the third party's performance and compliance with such servicing activities. --------------- ---------------- 1122(d)(1)(iii)Any requirements in the transaction N/A agreements to maintain a back-up servicer for the mortgage loans are maintained. --------------- ---------------- 1122(d)(1)(iv) A fidelity bond and errors and omissions policy S, MS, SA is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the transaction agreements. --------------- ---------------- Cash Collection and Administration --------------- ---------------- 1122(d)(2)(i) Payments on mortgage loans are deposited into S, MS, SA the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction agreements. --------------- ---------------- 1122(d)(2)(ii) Disbursements made via wire transfer on S, MS, SA behalf of an obligor or to an investor are made only by authorized personnel. --------------- ---------------- 1122(d)(2)(iii)Advances of funds or guarantees regarding S, MS collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements. O-1
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-13arx)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item 2.04- Triggering Events that Accelerate or Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Obligation or an Depositor (with respect to any agreement to which Obligation or an Obligation bligation under an Off- Off-Balance Sheet Arrangement neither the Master Servicer nor the Securities Balance Sheet Arrangement Administrator Administration is a party.) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 5.03- Amendments of Articles of Incorporation or Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- Item 6.01- ABS Informational and Computational Depositor Material Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee itself)/Successor Requires disclosure of any removal, replacement, Trustee substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee Successor Trustee ---------------------------------------------------------- -------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators required Depositor to be Depositor disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------- N-3-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-2ax)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor Sponsors (Seller) Depositor/Sponsor (Seller) Depositor ---------------------------------------------------------- -------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase Depositor a Direct Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Trustee Off-Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Trustee/Depositor Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Trust Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Depositor Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ." ---------------------------------------------------------- -------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Depositor /Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party Party responsible for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3---------------------------------------------------------- -------------------------------------------------------- EXHIBIT S ADDITIONAL DISCLOSURE NOTIFICATION BCAP LLC 200 Park Avenue New York, New York 10166 Attention: [_________] **SEXX XXX XXXXX XX XXXxx.Xxxxxxxxxxxxx@xx.xom AND VIA OVERNIGHT MAIL TO THE ADDRESS IMMEDXXXXXX XXXXX Xxxxxxxx Xxxk National Trust Company, as trustee 1761 St. Andrew Place Santa Ana, California 92705 Email: DBSec.Notifixxxxxxx@xx.xxx Xxxx.: Trust & Securities Services- BCAP 2000-3 EXHIBIT O XX0 Xx: XX: **Additional Form [FORM OF10-D][10-K][8-K] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT Disclosure** Required -------------------------------------------------------------- Ladies and Gentlemen: In accordance with Section 8.15 of the Trust Agreement, dated as of May 1, 2007, between BCAP LLC, as depositor, Wells Fargo Bank, N.A., as custodian and Deutsche Bank National Trust Cxxxxxy, as trustee. The assessment of compliance undersigned, as [____], hereby notifies you that certain events have come to our attention that [will] [may] need to be delivered by each party listed below shall disclosed on Form [10-D][10-K][8-K]. Description of Additional Form [10-D][10-K][8-K] Disclosure: List of any Attachments hereto to be included in the Additional Form [10-D][10-K][8-K] Disclosure: Any inquiries related to this notification should be directed to [____], phone number: [____]; email address: [____]. [NAME OF PARTY], at a minimumas [role] By:____________________________________ Name: Title: EXHIBIT T REPRESENTATION LETTER SIDE LETTER THIS AGREEMENT, dated as of July 19, 2007 (the criteria identified as below as "Applicable Servicing CriteriaAgreement":) is entered into between Barclays Bank PLC ("BBPLC") and BCAP LLC (the "Depositor").
Appears in 1 contract
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the Servicer time of the report ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 2.04- Triggering Events that Accelerate or Increase a Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Depositor (with Direct Financial Obligation or an Obligation under an respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer Off-Balance Sheet Arrangement nor the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Holders Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Incorporation or Bylaws; Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master servicer is Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Support Depositor/Securities Administrator/Trustee (to the Support extent Covers termination of any enhancement in manner other than by action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change amendment or modification therewith) in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- credit enhancements as well as derivatives. ----------------------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new enhancement provider is also Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- If there are any new servicers or originators required Depositor to be Depositor disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 ----------------------------------------------------------------------------------------------------------------------------------- EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":: ----------------------------------------------------------------------------------------------------------------------------------- Applicable Servicing Criteria/ Servicing Criteria Responsible Party ----------------------------------------------------------------------------------------------------------------------------------- Reference Criteria ----------------------------------------------------------------------------------------------------------------------------------- General Servicing Considerations ------------------------ -------------------------- 1122(d)(1)(i) Policies and procedures are instituted to monitor any performance or other S, MS, SA triggers and events of default in accordance with the transaction agreements. ------------------------ -------------------------- 1122(d)(1)(ii) If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party's S, MS, SA performance and compliance with such servicing activities.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-8ar)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------------------------------------------------------------------------------- Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor ------------------------------------------------------------------------------------------------------------------------- Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master ------------------------------------------------------------------------------------------------------------------------- Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------------------------------------------------------------------------------- Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------------------------------------------------------------------------------- Other Servicer servicing 20% or more of the pool Servicer assets at the Servicer time of the report ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------------------------------------------------------------------------------- Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------------------------------------------------------------------------------- Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------------------------------------------------------------------------------- Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------------------------------------------------------------------------------- Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------------------------------------------------------------------------------- Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Depositor Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Servicer Arrangement Administrator is a party) Trustee Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Holders Trustee/Responsible Party/ Depositor/Servicer Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Depositor Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Servicer/ Depositor /Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master servicer is Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- Trustee ------------------------------------------------------------------------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Support Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Reg AB disclosure about any new enhancement provider is also Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- If there are any new servicers or originators required Depositor to be Depositor disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Depositor ------------------------------------------------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party Party responsible for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3------------------------------------------------------------------------------------------------------------------------- EXHIBIT T INTEREST RATE SWAP AGREEMENT BARCLAYS BANK PLC 200 Park Avenue New York, New York 10166 212-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT 412-4000 DATE: Xxxxxx 0, 0000 XX: Xxxxx Fargo Bank, National Association, not indxxxxxally, but solely as Trustee for Securitized Asset Backed Receivables LLC Trust 2006-FR3, Mortgage Pass-Through Certificates, Series 2006-FR3 ATTENTION: Client Manager - SABR 2006-FR3 TELEPHONE: 410-884-2000 FACSIMILE: 410-715-2380 FROM: Xxxxxxxx Bank PLC TELEPHONE: 00(20) 777 36810 FACSIMILE: 44(20) 777 36461 SUBJECT: Xxxxd Income Derivatives Confxxxxxxxx xxx Xxxeement REFERENCE NUMBER: 1295289B The assessment purpose of compliance this letter agreement ("Agreement") is to be delivered by each party listed confirm the terms and conditions of the Transaction entered into on the Trade Date specified below shall address(the "Transaction") between Barclays Bank PLC ("Barclays") and Wells Fargo Bank, at National Association, not individually, but solely as Xxxxtee ("Counterparty") under the Pooling and Servicing Agreement, dated and effective as of July 1, 2006, among Securitized Asset Backed Receivables LLC, Fremont Invesment & Loan, as Responsible Party, HomEq Servicing Corporation, as Servicer, Wells Fargo Bank, National Association, as Trustee, and OfficeTiger Gloxxx Xeal Estate Services Inc., as Loan Performance Advisor (the "Pooling and Servicing Agreement") for the Securitized Asset Backed Receivables LLC Trust 2006-FR3, Mortgage Pass-Through Certificates, Series 2006-FR3. This Agreement, which evidences a minimumcomplete and binding agreement between you and us to enter into the Transaction on the terms set forth below, constitutes a "Confirmation" as referred to in the criteria identified "ISDA Form Master Agreement" (as below defined below), as well as a "Applicable Servicing Criteria":Schedule" as referred to in the ISDA Form Master Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Fr3)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item 2.04- Triggering Events that Accelerate or Master Servicer/Securities Administrator/ Accelerate or Depositor Increase a Direct Financial Depositor Obligation or (with respect to any agreement to which Obligation or neither the an Obligation under an Off- neither the Off-Balance Sheet Arrangement Master Servicer nor the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee itself)/Successor Requires disclosure of any removal, replacement, Trustee substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee Successor Trustee ---------------------------------------------------------- -------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection Covers termination of any enhancement in with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators Depositor required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 ---------------------------------------------------------- -------------------------------------------------------- EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Other Servicer servicing 20% or Servicer more of the pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Administrator/ Depositor (with Financial Obligation or an respect to any agreement to which Obligation or an Obligation under an Off- Off-Balance neither the Master Servicer nor the Securities Balance Sheet Arrangement Securities Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 3.03- Material Modification to Securities Administrator Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Depositor Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.01- ABS Informational and Depositor Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Trustee Administrator/Servicer/Depositor/Depositor/ Trustee (as to itself)/successor trustee itself)/Successor Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer or master servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Reg AB disclosure about any new Successor Trustee Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.03- Change in Credit Depositor/Securities Enhancement or External Depositor/Securities Support Administrator/Trustee (to the Support extent Covers termination of any action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by connection with any amendment or its terms, the addition of an modification therewith) enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Reg AB disclosure about any new Depositor enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to a Required Distribution the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 6.05- Securities Act Updating Depositor Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- If there are any new servicers or Depositor originators required Depositor to be disclosed bedisclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/reporting/ and Exhibits disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------- N-3-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-3xs)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 1.03- Bankruptcy or Receivership Depositor Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor ------------------------------------------------ --------------------------------------------- Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master ------------------------------------------------ --------------------------------------------- Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Other Servicer servicing 20% or more of the Servicer pool Servicer assets at the time of the report ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o ------------------------------------------------ --------------------------------------------- Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate Depositor or Increase a Direct Financial Depositor (with respect to any agreement to which Obligation or Servicer an Obligation under an Off- neither the Master Servicer nor the Securities Off-Balance Sheet Trustee Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 3.03- Material Modification to Rights of Trustee/Responsible Security Securities Administrator Holders Parties/Depositor/Servicer Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- ." ------------------------------------------------ --------------------------------------------- Item 6.01- ABS Informational and Computational Depositor Material Depositor ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Servicer/ Depositor /Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor master servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new Trustee is successor Trustee also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the External Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Reg AB disclosure about any new enhancement Depositor provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.04- Failure to Make a Required Trustee Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- If there are any new servicers or originators Depositor required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Depositor ------------------------------------------------ --------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------ --------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party Party responsible for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3------------------------------------------------ --------------------------------------------- EXHIBIT T INTEREST RATE SWAP AGREEMENT [BARCLAYS CAPITAL LOGO] Barclays Bank PLC 5 The North Colonnade Canxxx Xxxxx Xxxxxx X00 0XX Xxx +00 (0)00 0000 0003 DATE: January 30, 2007 TO: Xxxuritized Asset Backed Receivables LLC Trust 2007-3 EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT HE1, Mortgage Pass-Through Certificates, Series 2007-HE1 (the "Trust"), Deutsche Bank National Trust Company, not individually, but solely as Trustee 1761 East St. Andrew Place Santa Ana, Californix 00000 XXXXXXXXX: Trust Administration - BC07H1 TELEPHONE: 714-247-6000 FACSIMILE: 714-656-2622 FROM: Xxxxxxxx Bank PLC SUBJECT: Xxxed Income Derivatives Confirmation REFERENCE NUMBER: 1554163B The assessment purpose of compliance this long-form confirmation ("Confirmation") is to be delivered by each party listed confirm the terms and conditions of the Transaction entered into on the Trade Date specified below shall address(the "Transaction") between Barclays Bank PLC ("Party A") and Deutsche Bank National Trust Company, at not individually, but solely as trustee (the "Trustee") on behalf of the trust with respect to the Securitized Asset Backed Receivables LLC Trust 2007-HE1, Mortgage Pass-Through Certificates, Series 2007-HE1 (the "Trust") ("Party B") created under the Pooling and Servicing Agreement, dated as of January 1, 2007, among Securitized Asset Backed Receivables LLC, as Depositor, Deutsche Bank National Trust Company, as Trustee, Barclays Capital Real Estate Inc., d/b/a minimumHomEq Servicing, as Servicer, Wells Fargo Bank, National Association, as Custodian, and NC Capital Coxxxxxtion and WMC Mortgage Corp., as Responsible Parties (the criteria identified "Base Agreement"). This Confirmation evidences a complete and binding agreement between you and us to enter into the Transaction on the terms set forth below and replaces any previous agreement between us with respect to the subject matter hereof. This Confirmation constitutes a "Confirmation" and also constitutes a "Schedule" as below as "Applicable Servicing Criteria":referred to in the ISDA Master Agreement, and Paragraph 13 of a Credit Support Annex to the Schedule.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2007-He1)
Examples. servicing agreement, custodial agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 1.03- Bankruptcy or Receivership Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following: ---------------------------------------------------------- -------------------------------------------------------- o Sponsor (Seller) Depositor/Sponsor (Seller) ---------------------------------------------------------- -------------------------------------------------------- o Depositor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Master Servicer Master Servicer ---------------------------------------------------------- -------------------------------------------------------- o Affiliated Servicer Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other Servicer servicing 20% or more of the pool Servicer assets at the time of the report Servicer ---------------------------------------------------------- -------------------------------------------------------- o Other material servicers Servicer ---------------------------------------------------------- -------------------------------------------------------- o Trustee Trustee ---------------------------------------------------------- -------------------------------------------------------- o Securities Administrator Securities Administrator ---------------------------------------------------------- -------------------------------------------------------- o Significant Obligor Depositor ---------------------------------------------------------- -------------------------------------------------------- o Credit Enhancer (10% or more) Depositor ---------------------------------------------------------- -------------------------------------------------------- o Derivative Counterparty Depositor ---------------------------------------------------------- -------------------------------------------------------- o Custodian Custodian ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------- N-3-1 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- Item 2.04- Triggering Events that Master Servicer/Securities Administrator/ Accelerate or Increase a Direct Financial Depositor (with respect to any agreement to which Obligation or an Obligation under an Off- neither the Master Servicer nor the Securities Balance Sheet Arrangement Administrator is a party) Includes an early amortization, performance trigger or other event, including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule. Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 3.03- Material Modification to Rights of Security Securities Administrator Holders Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. ---------------------------------------------------------- -------------------------------------------------------- Item 5.03- Amendments of Articles of Securities Administrator and Depositor Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment "to the governing documents of the issuing entity". ---------------------------------------------------------- -------------------------------------------------------- Item 6.01- ABS Informational and Computational Material Depositor ---------------------------------------------------------- -------------------------------------------------------- Item 6.02- Change of Servicer or Trustee Master Servicer/Securities Administrator/ Servicer/Depositor/Trustee (as to itself)/successor trustee Requires disclosure of any removal, replacement, trustee with any amendment or substitution or addition of any master servicer, modification therewith) affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new servicer or master Servicer/Master Servicer/Depositor servicer is also required. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new Trustee is also required. successor trustee ---------------------------------------------------------- -------------------------------------------------------- Item 6.03- Change in Credit Enhancement or External Depositor/Securities Administrator/Trustee (to the Support extent action is required by the Trustee in connection with any amendment or modification therewith) Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external ------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------- -------------------------------------------------------- N-3-2 ------------------------------------------------------------------------------------------------------------------- FORM 8-K DISCLOSURE INFORMATION ---------------------------------------------------------- -------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------- Item on Form 8-K Responsible Party ---------------------------------------------------------- -------------------------------------------------------- credit enhancements as well as derivatives. ---------------------------------------------------------- -------------------------------------------------------- Reg AB disclosure about any new enhancement provider is Depositor also required. ---------------------------------------------------------- -------------------------------------------------------- Item 6.04- Failure to Make a Required Distribution Securities Administrator/Trustee (to the extent the Trustee has knowledge thereof)/Depositor (to the extent the Depositor has knowledge thereof) ---------------------------------------------------------- -------------------------------------------------------- Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. ---------------------------------------------------------- -------------------------------------------------------- If there are any new servicers or originators required Depositor to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. ---------------------------------------------------------- -------------------------------------------------------- Item 7.01- Reg FD Disclosure All parties ---------------------------------------------------------- -------------------------------------------------------- Item 8.01- Other Events Depositor Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders. ---------------------------------------------------------- -------------------------------------------------------- Item 9.01- Financial Statements and Exhibits Responsible party for reporting/disclosing the financial statement or exhibit ------------------------------------------------------------------------------------------------------------------- N-3-3 ---------------------------------------------------------- -------------------------------------------------------- EXHIBIT O [FORM OF] SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE STATEMENT The assessment of compliance to be delivered by each party listed below shall address, at a minimum, the criteria identified as below as "Applicable Servicing Criteria":
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-7)
