Common use of Change of Servicer or Trustee Clause in Contracts

Change of Servicer or 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, certificate administrator or trustee. X X X X X Reg AB disclosure about any new servicer (from entity appointing new servicer) or trustee (from Depositor) is also required. X X X 6.03 Change in Credit Enhancement or Other External Support 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 credit enhancements as well as derivatives. X X X Reg AB disclosure about any new enhancement provider is also required X 6.04 Failure to Make a Required Distribution X X

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Fm1), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Sd1), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-He3)

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Change of Servicer or 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, certificate administrator or trustee. X X X X X Reg AB disclosure about any new servicer (from entity appointing new servicer) or trustee (from Depositor) is also required. X X X 6.03 Change in Credit Enhancement or Other External Support 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 credit enhancements as well as derivatives. X X X Reg AB disclosure about any new enhancement provider is also required X 6.04 Failure to Make a Required Distribution X required. X

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Asap6), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2007-He1), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2007-Asap1)

Change of Servicer or 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, certificate administrator or trustee. X X X X X Reg AB disclosure about any new servicer (from entity appointing new servicer) or trustee (from Depositor) is also required. X X X 6.03 Change in Credit Enhancement or Other External Support 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 credit enhancements as well as derivatives. X X X Reg AB disclosure about any new enhancement provider is also required X 6.04 Failure to Make a Required Distribution X X

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Op1)

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Change of Servicer or 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 servicersServicer, certificate administrator or trustee. X X X X X Reg AB disclosure about any new servicer (from entity appointing new servicer) or trustee (from Depositor) is also required. X X X 6.03 Change in Credit Enhancement or Other External Support 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 credit enhancements as well as derivatives. X X X Reg AB disclosure about any new enhancement provider is also required X 6.04 Failure to Make a Required Distribution X X

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ace Securities Corp)

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