Negative Covenants of the Servicer From the Closing Date until the Collection Date:
Covenants of the Servicer At all times from the Closing Date until the Final Payout Date:
Covenants of the Master Servicer and each Servicer The Master Servicer and each Servicer, severally and not jointly, hereby covenants to the Depositor, the Trustee and the Trust Administrator as follows:
Affirmative Covenants of the Servicer From the Closing Date until the Collection Date:
Additional Covenants of the Seller The Seller hereby covenants and agrees with the Depositor as follows:
Covenants of the Master Servicer The Master Servicer hereby covenants to the Depositor and the Trustee as follows:
Negative Covenants of the Seller From the date hereof until the Collection Date:
Negative Covenants of the Seller Parties Until the date on which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement terminates in accordance with its terms, each Seller Party hereby covenants, as to itself, that:
Prepayment Charges The Master Servicer will not waive any part of any Prepayment Charge unless the waiver relates to a default or a reasonably foreseeable default, the Prepayment Charge would cause an undue hardship to the related borrower, the Mortgaged Property is sold by the Mortgagor, the collection of any Prepayment Charge would violate any relevant law or regulation or the waiving of the Prepayment Charge would otherwise benefit the Trust Fund and it is expected that the waiver would maximize recovery of total proceeds taking into account the value of the Prepayment Charge and related Mortgage Loan and doing so is standard and customary in servicing similar Mortgage Loans (including any waiver of a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is related to a default or a reasonably foreseeable default). The Master Servicer will not waive a Prepayment Charge in connection with a refinancing of a Mortgage Loan that is not related to a default or a reasonably foreseeable default.
Negative Covenants of the Collateral Custodian From the Closing Date until the Collection Date:
