Common use of Liability of the Depositor and the Master Servicer Clause in Contracts

Liability of the Depositor and the Master Servicer. The Depositor and the Master Servicer each shall be liable in accordance with the terms of the Pooling and Servicing Agreement only to the extent of the obligations specifically imposed by the Pooling and Servicing Agreement and undertaken hereunder by the Depositor or the Master Servicer, respectively.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Residential Resources Inc), Pooling and Servicing Agreement (Union Planters Mortgage Finance Corp), Pooling and Servicing Agreement (Union Planters Mortgage Finance Corp)

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