Common use of Action upon Certain Failures of the Clause in Contracts

Action upon Certain Failures of the. Master Servicer --------------------------------------------------- and Upon Event of Default. In the event that the Trustee shall have ------------------------- actual knowledge of any action or inaction of the Master Servicer that would become an Event of Default upon the Master Servicer's failure to remedy the same after notice, the Trustee shall give notice thereof to the Master Servicer.

Appears in 3 contracts

Samples: Trust Agreement (Structured Asset Securities Corporation), Trust Agreement (Structured Asset Securities Corporation), Trust Agreement (Structured Asset Securities Corp/Ny)

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Action upon Certain Failures of the. Master Servicer --------------------------------------------------- and ------------------------------------------------------- Upon Event of Default. In the event that the Trustee shall have ------------------------- actual --------------------- knowledge of any action or inaction of the Master Servicer that would become an Event of Default upon the Master Servicer's failure to remedy the same after notice, the Trustee shall give notice thereof to the Master Servicer.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp)

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Action upon Certain Failures of the. Master Servicer --------------------------------------------------- and ------------------------------------------------------- Upon Event of Default. In the event that the Trustee shall have ------------------------- actual -------------------- knowledge of any action or inaction of the Master Servicer that would become an Event of Default upon the Master Servicer's failure to remedy the same after notice, the Trustee shall give notice thereof to the Master Servicer.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp)

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