CONCERNING THE SECURITIES ADMINISTRATOR. Section 10.01
CONCERNING THE SECURITIES ADMINISTRATOR. Duties of the Securities Administrator......................100 Section 10.02 Certain Matters Affecting the Securities Administrator......101 Section 10.03 Securities Administrator Not Liable for Certificates or Mortgage Loans.............................................................102 Section 10.04 Securities Administrator May Own Certificates...............103 Section 10.05 Securities Administrator's Fees and Expenses................103 Section 10.06 Eligibility Requirements for the Securities Administrator...104 Section 10.07 Resignation and Removal of the Securities Administrator.....104 Section 10.08
CONCERNING THE SECURITIES ADMINISTRATOR. Section 10.01 Certain Matters Affecting the Securities Administrator.
CONCERNING THE SECURITIES ADMINISTRATOR. Section 10.01 Certain Matters Affecting the Securities Administrator.
(a) Except as otherwise provided herein:
(i) The Securities Administrator may rely and shall be protected in acting or refraining from acting upon any resolution, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document believed by it to be genuine and to have been signed or presented by the proper party or parties. Further, the Securities Administrator may accept a copy of the vote of the board of directors of any party certified by its clerk or assistant clerk or secretary or assistant secretary as conclusive evidence of the authority of any person to act in accordance with such vote, and such vote may be considered as in full force and effect until receipt by the Securities Administrator of written notice to the contrary;
(ii) The Securities Administrator may, in the absence of bad faith on its part, rely upon a certificate of an Officer of the appropriate Person whenever in the administration of the Trust Agreement the Securities Administrator shall deem it desirable that a matter be proved or established (unless other evidence be herein specifically prescribed) prior to taking, suffering or omitting any action hereunder;
(iii) The Securities Administrator may consult with counsel and the written advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such written advice or Opinion of Counsel;
(iv) The Securities Administrator shall not be under any obligation to exercise any of the trusts or powers vested in it by the Trust Agreement or to institute, conduct or defend any litigation thereunder or in relation thereto at the request, order or direction of any of the Certificateholders, pursuant to the provisions of the Trust Agreement, unless such Certificateholders shall have offered to the Securities Administrator reasonable security or indemnity against the costs, expenses and liabilities which may be incurred therein or thereby;
(v) The Securities Administrator shall not be personally liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by the Trust Agreement;
(vi) The Securities Administrator shall not be b...
CONCERNING THE SECURITIES ADMINISTRATOR. Duties of the Securities Administrator.....................................................................81 Section 9.02 Certain Matters Affecting the Securities Administrator.....................................................82 Section 9.03 Securities Administrator Not Liable for Certificates or Mortgage Loans.....................................84 Section 9.04 Securities Administrator May Own Certificates..............................................................84 Section 9.05 Securities Administrator's Fees and Expenses...............................................................84 Section 9.06 Eligibility Requirements for the Securities Administrator..................................................85 Section 9.07 Resignation and Removal of the Securities Administrator....................................................86 Section 9.08 Successor Securities Administrator.........................................................................87 Section 9.09 Merger or Consolidation of the Securities Administrator....................................................87 Section 9.10 Assignment or Delegation of Duties by the Securities Administrator.........................................88 ARTICLE X
CONCERNING THE SECURITIES ADMINISTRATOR. Certain Matters Affecting the Securities Administrator 71 Section 11.02 Securities Administrator Not Liable for Certificates or Mortgage Loans 74 Section 11.03 Securities Administrator May Own Certificates 74 Section 11.04 Securities Administrator’s Expenses 74 Section 11.05 Resignation and Removal of the Securities Administrator 75 Section 11.06 Successor Securities Administrator 75 Section 11.07 Representations and Warranties of the Securities Administrator 76 Section 11.08 Eligibility Requirements for Securities Administrator 77 Section 12.01 REMIC Administration 77 Section 12.02 Prohibited Activities 79 Section 13.01 Amendment of Trust Agreement 81 Section 13.02 Recordation of Agreement; Counterparts 82 Section 13.03 Limitation on Rights of Certificateholders 82 Section 13.04 [Reserved]. 83 Section 13.05 Notices 83 Section 13.06 Severability of Provision 83 Section 13.07 Sale of Mortgage Loans 83 Section 13.08 Notice to Rating Agencies 84 Exhibit A Form of Trust Receipt Exhibit B Form of Final Certification Exhibit C Form of Rule 144A Agreement - QIB Certification Exhibit D [Reserved] Exhibit E Form of Benefit Plan Affidavit Exhibit F Residual Transfer Affidavit Exhibit G Transferor Certificate Exhibit H Form of Securities Administrator Certification Exhibit I Form of Master Servicer Certificate Schedule I Bond Level Report Schedule II Loan Level Report Schedule III Remittance Report
CONCERNING THE SECURITIES ADMINISTRATOR. Provisions of Sections 7.10, 7.11 and 7.12, shall apply to the Securities Administrator mutatis mutandis as if they were expressly set forth for the Securities Administrator herein with the words “Trustee” and “trustee” replaced with the words “Securities Administrator.”
CONCERNING THE SECURITIES ADMINISTRATOR. Section 11.01 Certain Matters Affecting the Securities Administrator Section 11.02 Securities Administrator Not Liable for Certificates or Mortgage Loans 83 Section 11.03 Securities Administrator May Own Certificates 83 Section 11.04 Custodians’ and Securities Administrator’s Fees, Expenses and Indemnification Section 11.05 Resignation and Removal of the Securities Administrator 84 Section 11.06 Successor Securities Administrator 85 Section 11.07 Representations and Warranties of the Securities Administrator 85 Section 11.08 Eligibility Requirements for Securities Administrator 86 Section 12.01 REMIC Administration 86 Section 12.02 Prohibited Activities Section 13.01 Amendment of Trust Agreement Section 13.02 Recordation of Agreement; Counterparts 91 Section 13.03 Limitation on Rights of Certificateholders 91 Section 13.04 [Reserved]. 92 Section 13.05 Notices 92 Section 13.06 Severability of Provision 92 Section 13.07 Sale of Mortgage Loans Section 13.08 Notice to Rating Agencies
CONCERNING THE SECURITIES ADMINISTRATOR. 83 Section 11.01 Certain Matters Affecting the Securities Administrator. 83 Section 11.02 Securities Administrator Not Liable for Certificates or Mortgage Loans. 87 Section 11.03 Securities Administrator May Own Certificates.
CONCERNING THE SECURITIES ADMINISTRATOR. Certain Matters Affecting the Securities Administrator Section 11.02 Securities Administrator Not Liable for Certificates or Mortgage Loans 83 Section 11.03 Securities Administrator May Own Certificates 83 Section 11.04 Custodians’ and Securities Administrator’s Fees, Expenses and Indemnification Section 11.05 Resignation and Removal of the Securities Administrator 83 Section 11.06 Successor Securities Administrator 85 Section 11.07 Representations and Warranties of the Securities Administrator 85 Section 11.08 Eligibility Requirements for Securities Administrator 86 Section 12.01 REMIC Administration 87 Section 12.02 Prohibited Activities 88
