Common use of Appointment of REMIC Administrators Clause in Contracts

Appointment of REMIC Administrators. (a) The Certificate Administrator may appoint at the Certificate Administrator’s expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator in performing the functions set forth in Section 10.01 herein. The Certificate Administrator shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator from any of its obligations hereunder, and the Certificate Administrator shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, National Association is removed as Certificate Administrator, then Xxxxx Fargo Bank, National Association shall be terminated as REMIC Administrator.

Appears in 19 contracts

Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C21), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2014-C20), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2014-C20)

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Appointment of REMIC Administrators. (a) The Certificate Administrator may appoint at the Certificate Administrator’s expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator in performing the functions set forth in Section 10.01 herein. The Certificate Administrator shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator from any of its obligations hereunder, and the Certificate Administrator shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Wxxxx Fargo Bank, National Association is removed as Certificate Administrator, then Xxxxx Wxxxx Fargo Bank, National Association shall be terminated as REMIC Administrator.

Appears in 19 contracts

Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C24), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C23), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C22)

Appointment of REMIC Administrators. (a) The Certificate Administrator may appoint at the Certificate Administrator’s expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator in performing the functions set forth in Section 10.01 herein. The Certificate Administrator shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator from any of its obligations hereunder, and the Certificate Administrator shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, National Association is removed as Certificate Administrator, then Xxxxx Fargo Bank, National Association shall be terminated as REMIC Administrator.

Appears in 16 contracts

Samples: Pooling and Servicing Agreement (GS Mortgage Securities Trust 2018-Gs9), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2016-Bnk2), Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2017-C42)

Appointment of REMIC Administrators. (a) The Certificate Administrator Paying Agent may appoint at the Certificate Administrator’s Paying Agent's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Paying Agent in performing the functions set forth in Section 10.01 herein. The Certificate Administrator Paying Agent shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Paying Agent an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Paying Agent from any of its obligations hereunder, and the Certificate Administrator Paying Agent shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Paying Agent and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Paying Agent hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, LaSalle Bank National Association is removed as Certificate AdministratorPaying Agent, then Xxxxx Fargo Bank, LaSalle Bank National Association shall be terminated as REMIC Administrator.

Appears in 12 contracts

Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Cibc19), Pooling and Servicing Agreement (Jp Morgan Chase Com Mort Sec Corp Ps THR Certs Ser 2003-Ln1), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-Cibc15)

Appointment of REMIC Administrators. (a) The Certificate Administrator Trustee may appoint at the Certificate Administrator’s Trustee's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Trustee in performing the functions set forth in Section Sections 3.17, 10.01 and 10.02 herein. The Certificate Administrator Trustee shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Trustee an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Trustee from any of its obligations hereunder, and the Certificate Administrator Trustee shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Trustee hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, LaSalle Bank National Association is removed as Certificate AdministratorTrustee, then Xxxxx Fargo Bank, National Association it shall be terminated as REMIC Administrator.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (ML-CFC Commercial Mortgage Trust 2006-2), Pooling and Servicing Agreement (Merrill Lynch Mortgage Trust 2005-Cki1), Pooling and Servicing Agreement (ML-CFC Commercial Mortgage Trust 2006-4)

Appointment of REMIC Administrators. (a) The Certificate Administrator Trustee may appoint at the Certificate Administrator’s Trustee's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Trustee in performing the functions set forth in Section 10.01 herein. The Certificate Administrator Trustee shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Trustee an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Trustee from any of its obligations hereunder, and the Certificate Administrator Trustee shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Trustee hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, LaSalle Bank National Association is removed as Certificate AdministratorTrustee, then Xxxxx Fargo Bank, LaSalle Bank National Association shall be terminated as REMIC Administrator.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Ldp11), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Ldp11), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates, Series 2004-C2)

Appointment of REMIC Administrators. (a) The Certificate Administrator Trustee may appoint at the Certificate Administrator’s Trustee's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Trustee in performing the functions set forth in Section Sections 3.17, 10.01 and 10.02 herein. The Certificate Administrator Trustee shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Trustee an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Trustee from any of its obligations hereunder, and the Certificate Administrator Trustee shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Trustee hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, LaSalle Bank National Association is removed as Certificate AdministratorTrustee, then Xxxxx Fargo Bank, LaSalle Bank National Association shall be terminated as REMIC Administrator.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Wachovia Commercial Mortgage Securities Inc), Pooling and Servicing Agreement (Merrill Lynch Mort Inv Inc Com MRT Pas THR Cert Ser 2002 Mw1), Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2005-C18)

Appointment of REMIC Administrators. (a) The Certificate Administrator Trustee may appoint at the Certificate Administrator’s Trustee's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Trustee in performing the functions set forth in Section Sections 3.17, 10.01 and 10.02 herein. The Certificate Administrator Trustee shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Trustee an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Trustee from any of its obligations hereunder, and the Certificate Administrator Trustee shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Trustee hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Wells Fargo Bank, National Association N.A. is removed as Certificate AdministratorTrustee, then Xxxxx Wells Fargo Bank, National Association X.X. shall be terminated as REMIC Administrator.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2005-C22), Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2005-C16), Pooling and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2004-C15)

Appointment of REMIC Administrators. (a) The Certificate Administrator Trustee may appoint at the Certificate AdministratorTrustee’s expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Trustee in performing the functions set forth in Section Sections 3.17, 10.01 and 10.02 herein. The Certificate Administrator Trustee shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Trustee an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Trustee from any of its obligations hereunder, and the Certificate Administrator Trustee shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Trustee hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, National Association N.A. is removed as Certificate AdministratorTrustee, then Xxxxx Fargo Bank, National Association N.A. shall be terminated as REMIC Administrator.

Appears in 4 contracts

Samples: Intercreditor Agreement (Wachovia Bank Commercial Mortgage Trust Series 2007-C31), Distribution Instructions (Wachovia Bank Commercial Mortgage Trust Series 2007-C31), Intercreditor and Servicing Agreement (Wachovia Bank Commercial Mortgage Trust Series 2005-C17)

Appointment of REMIC Administrators. (a) The Certificate Administrator Paying Agent may appoint at the Certificate Administrator’s Paying Agent's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Paying Agent in performing the functions set forth in Section 10.01 herein. The Certificate Administrator Paying Agent shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Paying Agent an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Paying Agent from any of its obligations hereunder, and the Certificate Administrator Paying Agent shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Paying Agent and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Paying Agent hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, National Association [________] is removed as Certificate AdministratorPaying Agent, then Xxxxx Fargo Bank, National Association [________] shall be terminated as REMIC Administrator.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Jp Morgan Chase Commercial Mortgage Securities Corp), Pooling and Servicing Agreement (Jp Morgan Chase Commercial Mortgage Securities Corp), Pooling and Servicing Agreement (Jp Morgan Chase Commercial Mortgage Securities Corp)

Appointment of REMIC Administrators. (a) The Certificate Administrator Trustee may appoint at the Certificate Administrator’s Trustee's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Trustee in performing the functions set forth in Section Sections 3.17, 10.01 and 10.02 herein. The Certificate Administrator Trustee shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Trustee an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Trustee from any of its obligations hereunder, and the Certificate Administrator Trustee shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Trustee hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, National Association is removed as Certificate Administrator, then Xxxxx Fargo Bank, National Association shall be terminated as REMIC Administrator.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (First Union Com Mor Sec Inc Com Mor Pass THR Cer Ser 2001-C1), Pooling and Servicing Agreement (Commercial Mortgage Pass Through Certiticates Series 1999 C2), Pooling and Servicing Agreement (First Union Commercial Mortgage Securities Inc)

Appointment of REMIC Administrators. (a) The Certificate Administrator Paying Agent may appoint at the Certificate Administrator’s Paying Agent's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Paying Agent in performing the functions set forth in Section 10.01 herein. The Certificate Administrator Paying Agent shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Paying Agent an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Paying Agent from any of its obligations hereunder, and the Certificate Administrator Paying Agent shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Paying Agent and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Paying Agent hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Wells Fargo Bank, National Association N.A. is removed as Certificate AdministratorPaying Agent, then Xxxxx Wells Fargo BankBanx, National Association X.A. shall be terminated as REMIC Administrator.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (JPMorgan Chase Commercial Mortgage Securities Corp, Series 2005-Cibc11), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Cibc20)

Appointment of REMIC Administrators. (a) The Certificate Administrator Trustee may appoint at the Certificate Administrator’s Trustee's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Trustee in performing the functions set forth in Section Sections 3.17, 10.01 and 10.02 herein. The Certificate Administrator Trustee shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Trustee an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Trustee from any of its obligations hereunder, and the Certificate Administrator Trustee shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Trustee hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, National Association N.A. is removed as Certificate AdministratorTrustee, then Xxxxx Fargo Bank, National Association it shall be terminated as REMIC Administrator.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Trust 2005-McP1), Pooling and Servicing Agreement (Merrill Lynch Mortgage Trust 2005-McP1)

Appointment of REMIC Administrators. (a) The Certificate Administrator Paying Agent may appoint at the Certificate Administrator’s Paying Agent's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Paying Agent in performing the functions set forth in Section 10.01 herein. The Certificate Administrator Paying Agent shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Paying Agent an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Paying Agent from any of its obligations hereunder, and the Certificate Administrator Paying Agent shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Paying Agent and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Paying Agent hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Wells Fargo Bank, National Association N.A. is removed as Certificate AdministratorTrustee, then Xxxxx Wells Fargo Bank, National Association shall N.A. xxxll be terminated as REMIC Administrator.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-Ldp9), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-Ldp9)

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Appointment of REMIC Administrators. (a) The Certificate Administrator Paying Agent may appoint at the Certificate Administrator’s Paying Agent's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Paying Agent in performing the functions set forth in Section Sections 3.17, 10.01 and 10.02 herein. The Certificate Administrator Paying Agent shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Paying Agent an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Paying Agent from any of its obligations hereunder, and the Certificate Administrator Paying Agent shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Paying Agent and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Paying Agent hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, LaSalle Bank National Association is removed as Certificate AdministratorPaying Agent, then Xxxxx Fargo Bank, LaSalle Bank National Association shall be terminated as REMIC Administrator.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (First Union Commercial Mortgage Pass THR Cer Ser 2001-C3), Pooling and Servicing Agreement (First Union National Bank Com Mort Pas THR Cert Ser 2002 C1)

Appointment of REMIC Administrators. (a) The Certificate Administrator Paying Agent may appoint at the Certificate AdministratorPaying Agent’s expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Paying Agent in performing the functions set forth in Section 10.01 herein. The Certificate Administrator Paying Agent shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Paying Agent an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Paying Agent from any of its obligations hereunder, and the Certificate Administrator Paying Agent shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Paying Agent and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Paying Agent hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Wxxxx Fargo Bank, National Association is removed as Certificate AdministratorPaying Agent, then Xxxxx Wxxxx Fargo Bank, National Association shall be terminated as REMIC Administrator.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5)

Appointment of REMIC Administrators. (a) The Certificate Administrator Trustee may appoint at the Certificate Administrator’s Trustee's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Trustee in performing the functions set forth in Section Sections 3.17, 10.01 and 10.02 herein. The Certificate Administrator Trustee shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Trustee an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Trustee from any of its obligations hereunder, and the Certificate Administrator Trustee shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Trustee hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, National Association N.A. is removed as Certificate AdministratorTrustee, then Xxxxx Fargo Bank, National Association N.A. shall be terminated as REMIC Administrator.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc Trust 2004-Mkb1), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc Trust 2004-Mkb1)

Appointment of REMIC Administrators. (a) The Certificate Administrator Paying Agent may appoint at the Certificate Administrator’s Paying Agent's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Paying Agent in performing the functions set forth in Section Sections 2.03, 10.01 and 10.02 herein. The Certificate Administrator Paying Agent shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Paying Agent an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Paying Agent from any of its obligations hereunder, and the Certificate Administrator Paying Agent shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Paying Agent and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Paying Agent hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo JPMorgan Chase Bank, National Association is removed as Certificate AdministratorPaying Agent, then Xxxxx Fargo JPMorgan Chase Bank, National Association shall be terminated as REMIC Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Jp Morgan Chase Comm Mort Pass THR Certs Ser 2003-Pm1)

Appointment of REMIC Administrators. (a) The Certificate Administrator Trustee may appoint at the Certificate Administrator’s Trustee's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Trustee in performing the functions set forth in Section Sections 3.17, 10.01 and 10.02 herein. The Certificate Administrator Trustee shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Trustee an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Trustee from any of its obligations hereunder, and the Certificate Administrator Trustee shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Trustee and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Trustee hereby agrees to act in such capacity in accordance with the terms hereof. The Trustee hereby appoints LaSalle Bank National Association as Certificate Administrator to be the REMIC Administrator. If Xxxxx Fargo Bank, LaSalle Bank National Association is removed as Certificate Administrator, then Xxxxx Fargo Bank, National Association it shall be terminated as REMIC Administrator.

Appears in 1 contract

Samples: Sub Servicing Agreement (Merrill Lynch Mortgage Trust 2005-Lc1)

Appointment of REMIC Administrators. (a) The Certificate Administrator may appoint at the Certificate Administrator’s expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator in performing the functions set forth in Section 10.01 herein. The Certificate Administrator shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator from any of its obligations hereunder, and the Certificate Administrator shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Wexxx Xargo Bank, National Association is removed as Certificate Administrator, then Xxxxx Fargo Wexxx Xargo Bank, National Association shall be terminated as REMIC Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2013-C12)

Appointment of REMIC Administrators. (a) The Certificate Administrator Paying Agent may appoint at the Certificate Administrator’s Paying Agent's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Paying Agent in performing the functions set forth in Section 10.01 herein. The Certificate Administrator Paying Agent shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Paying Agent an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Paying Agent from any of its obligations hereunder, and the Certificate Administrator Paying Agent shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Paying Agent and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Paying Agent hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo JPMorgan Chase Bank, National Association is removed as Certificate AdministratorPaying Agent, then Xxxxx Fargo JPMorgan Chase Bank, National Association shall be terminated as REMIC Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates, Series 2004-C3)

Appointment of REMIC Administrators. (a) The Certificate Administrator Paying Agent may appoint at the Certificate Administrator’s Paying Agent's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Paying Agent in performing the functions set forth in Section Sections 2.03, 10.01 and 10.02 herein. The Certificate Administrator Paying Agent shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Paying Agent an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Paying Agent from any of its obligations hereunder, and the Certificate Administrator Paying Agent shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Paying Agent and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Paying Agent hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, National Association JPMorgan Chase Bank is removed as Certificate AdministratorPaying Agent, then Xxxxx Fargo JPMorgan Chase Bank, National Association shall be terminated as REMIC Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Jp Mortgage Chase Comm Mort Pass THR Certs Ser 2004-Cibc8)

Appointment of REMIC Administrators. (a) The Certificate Administrator Paying Agent may appoint at the Certificate Administrator’s Paying Agent's expense, one or more REMIC Administrators, which shall be authorized to act on behalf of the Certificate Administrator Paying Agent in performing the functions set forth in Section Sections 2.03, 10.01 and 10.02 herein. The Certificate Administrator Paying Agent shall cause any such REMIC Administrator to execute and deliver to the Certificate Administrator Paying Agent an instrument in which such REMIC Administrator shall agree to act in such capacity, with the obligations and responsibilities herein. The appointment of a REMIC Administrator shall not relieve the Certificate Administrator Paying Agent from any of its obligations hereunder, and the Certificate Administrator Paying Agent shall remain responsible and liable for all acts and omissions of the REMIC Administrator. Each REMIC Administrator must be acceptable to the Certificate Administrator Paying Agent and must be organized and doing business under the laws of the United States of America or of any State and be subject to supervision or examination by federal or state authorities. In the absence of any other Person appointed in accordance herewith acting as REMIC Administrator, the Certificate Administrator Paying Agent hereby agrees to act in such capacity in accordance with the terms hereof. If Xxxxx Fargo Bank, LaSalle Bank National Association is removed as Certificate AdministratorPaying Agent, then Xxxxx Fargo Bank, LaSalle Bank National Association shall be terminated as REMIC Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Jp Morgan Chase Com Mort Sec Corp Pas THR Cer Ser 2002-C2)

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