Duties of Grantor Trustee. (a) The Grantor Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Agreement as duties of the Grantor Trustee.
Duties of Grantor Trustee. The Grantor Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. The Grantor Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Grantor Trustee which are specifically required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they are in the form required by this Agreement but the Grantor Trustee shall not be required to determine, confirm or recalculate information contained in such instruments. No provision of this Agreement shall be construed to relieve the Grantor Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct; provided, however, that:
Duties of Grantor Trustee. (a) The Grantor Trustee, prior to the occurrence of a Servicing Default and after the curing or waiver of all Servicing Defaults which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Grantor Trust Agreement. In case a Servicing Default has occurred (which has not been cured or waived), the Grantor Trustee shall exercise such of the rights and powers vested in it by this Grantor Trust Agreement, and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of such investor's own affairs.
Duties of Grantor Trustee. ..13 Section 6.02. Certain Matters Affecting the Grantor Trustee................................15
Duties of Grantor Trustee. 20 Section 7.02 CERTAIN MATTERS AFFECTING THE GRANTOR TRUSTEE..........21 Section 7.03 GRANTOR TRUSTEE NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS........................................................23 Section 7.04 GRANTOR TRUSTEE MAY OWN CERTIFICATES...................23 Section 7.05 GRANTOR TRUSTEE'S FEES AND EXPENSES....................23 Section 7.06 ELIGIBILITY REQUIREMENTS FOR GRANTOR TRUSTEE...........24 Section 7.07 INSURANCE..............................................24 Section 7.08 RESIGNATION AND REMOVAL OF THE GRANTOR TRUSTEE.........24 Section 7.09 SUCCESSOR GRANTOR TRUSTEE..............................25 Section 7.10 MERGER OR CONSOLIDATION OF GRANTOR TRUSTEE.............26 Section 7.11 APPOINTMENT OF CO-GRANTOR TRUSTEE OR SEPARATE GRANTOR TRUSTEE.......................................................26 Section 7.12 FEDERAL INFORMATION RETURNS AND REPORTS TO CERTIFICATEHOLDERS; GRANTOR TRUST ADMINISTRATION......................27 ARTICLE VIII Termination...............................................................29 Section 8.01 TERMINATION UPON REPURCHASE BY THE DEPOSITOR OR ITS DESIGNEE OR LIQUIDATION OF THE MORTGAGE LOANS.....................29 ARTICLE IX
Duties of Grantor Trustee. (a) The Grantor Trustee, prior to the occurrence of a Master Servicer Event of Default and after the curing or waiver of all Master Servicer Event of Defaults which may have occurred, undertakes to perform such duties and only such duties as are specifically set forth in this Agreement. If a Master Servicer Event of Default has occurred (which has not been cured or waived), the Grantor Trustee shall exercise such of the rights and powers vested in it by this Agreement, and use the same degree of care and skill in their exercise as a prudent investor would exercise or use under the circumstances in the conduct of such investor's own affairs.
Duties of Grantor Trustee. Section 6.02. Certain Matters Affecting the Grantor Trustee.................... Section 6.03. Grantor Trustee not Required to Make Investigation............... Section 6.04. Grantor Trustee's Fees........................................... Section 6.05.
Duties of Grantor Trustee. ..22 Section 6.02. Certain Matters Affecting the Grantor Trustee..................23 Section 6.03. Grantor Trustee not Required to Make Investigation.............24 Section 6.04. Grantor Trustee's Fees.........................................24 Section 6.05. Compliance with Code...........................................24 Section 6.06. Eligibility Requirements for Grantor Trustee...................25 Section 6.07. Resignation and Removal of Grantor Trustee.....................25 Section 6.08. Successor Grantor Trustee......................................26 Section 6.09. Merger or Consolidation of Grantor Trustee.....................26 Section 6.10. Authenticating Agent...........................................27 ARTICLE VII
Duties of Grantor Trustee. 13 ------------------------- Section 6.02. Certain Matters Affecting the Grantor Trustee................................15 --------------------------------------------- Section 6.03. Grantor Trustee Not Liable for Grantor Trust Certificate or Home ---------------------------------------------------------------- Loans........................................................................16 ----- Section 6.04. Grantor Trustee May Own Grantor Trust Certificate............................16 ------------------------------------------------- Section 6.05. Eligibility Requirements for Grantor Trustee.................................16 -------------------------------------------- Section 6.06. Resignation and Removal of the Grantor Trustee...............................17 ---------------------------------------------- Section 6.07. Successor Grantor Trustee....................................................18 ------------------------- Section 6.08. Merger or Consolidation of Grantor Trustee...................................18 ------------------------------------------ Section 6.09. Appointment of Co-Grantor Trustee or Separate Grantor Trustee................18 ------------------------------------------------------------- Section 6.10. Appointment of Custodians....................................................20 ------------------------- Section 6.11. Appointment of Office or Agency..............................................20 ------------------------------- Section 6.12. Compliance with Withholding Requirements.....................................20 ---------------------------------------- Section 6.13. Grantor Trust Reporting......................................................20 ----------------------- Section 6.14. Representations and Warranties...............................................21 ------------------------------ Section 6.15. Compensation and Indemnity...................................................21 --------------------------
Duties of Grantor Trustee. 13 ------------------------- Section 6.02. CERTAIN MATTERS AFFECTING THE GRANTOR TRUSTEE................................15 --------------------------------------------- Section 6.03.
