Common use of Administration; Reports Clause in Contracts

Administration; Reports. In general, the Custodian shall attend to all nondiscretionary details in connection with maintaining custody of the Mortgage Files on behalf of the Trustee, and to provide the Trustee with notification of any change in status of any Mortgage File. In addition, the Custodian shall assist the other parties hereto, who are preparing routine reports to Certificateholders, at the request of any such party, or to regulatory bodies, to the extent necessitated by the Custodian's custody of the Mortgage Files.

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Asset Bk Fl Rte Ce Se 1996 Lb3), Pooling and Servicing Agreement (Salomon Broth Mor Sec Vii Asset Bac Float Rt Cer Se 1997 Lb1), Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Asset Backed Cert 1996-Lb2)

AutoNDA by SimpleDocs

Administration; Reports. In general, the Custodian shall ----------------------- attend to all nondiscretionary details in connection with maintaining custody of the Mortgage Files on behalf of the Trustee, and to provide the Trustee with notification of any change in status of any Mortgage File. In addition, the Custodian shall assist the other parties hereto, hereto who are preparing routine reports to CertificateholdersCertificateholders or to regulatory bodies, at the request of any such party, or to regulatory bodies, party and to the extent necessitated by the Custodian's custody of the Mortgage Files.

Appears in 1 contract

Samples: Custodial Agreement (LTC Properties Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!