Common use of Duties of the Master Servicer Clause in Contracts

Duties of the Master Servicer. The Certificateholders, by their purchase and acceptance of the Certificates or Lower Tier REMIC 1 Uncertificated Regular Interests, appoint Aurora Loan Services LLC, as Master Servicer. For and on behalf of the Depositor, the Trustee and the Certificateholders, the Master Servicer shall master service the Mortgage Loans in accordance with the provisions of this Agreement and the provisions of each Servicing Agreement. Notwithstanding anything in this Agreement, the Servicing Agreement or the Credit Risk Management Agreement to the contrary, the Master Servicer shall have no duty or obligation to enforce the Credit Risk Management Agreement, or to supervise, monitor or oversee the activities of the Servicer under its Credit Risk Management Agreement with respect to any action taken or not taken by the Servicer at the direction of the Seller or pursuant to a recommendation of the Credit Risk Manager.

Appears in 3 contracts

Samples: Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Wf2), Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Wf1), Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Wf1)

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Duties of the Master Servicer. The Certificateholders, by their purchase and acceptance of the Certificates or Lower Tier REMIC 1 Uncertificated Regular Interests, appoint Aurora Loan Services LLC, as Master Servicer. For and on behalf of the Depositor, the Trustee and the Certificateholders, the Master Servicer shall master service the Mortgage Loans in accordance with the provisions of this Agreement and the provisions of each Servicing Agreement. Notwithstanding anything in this Agreement, the any Servicing Agreement or the any Credit Risk Management Agreement to the contrary, the Master Servicer shall have no duty or obligation to enforce the any Credit Risk Management Agreement, or to supervise, monitor or oversee the activities of the Servicer under its Credit Risk Management Agreement with respect to any action taken or not taken by the Servicer at the direction of the Seller or pursuant to a recommendation of the Credit Risk Manager.

Appears in 2 contracts

Samples: Trust Agreement (Sasco 2006-Wf1), Trust Agreement (Structured Asset Securities Corp)

Duties of the Master Servicer. The Certificateholders, by their purchase and acceptance of the Certificates or Lower Tier REMIC 1 Uncertificated Regular Interests, appoint Aurora Loan Services LLCXxxxx Fargo Bank, N.A., as Master Servicer. For and on behalf of the Depositor, the Trustee and the Certificateholders, the Master Servicer shall master service the Mortgage Loans in accordance with the provisions of this Agreement and the provisions of each Servicing Agreement. Notwithstanding anything in this Agreement, the any Servicing Agreement or the any Credit Risk Management Agreement to the contrary, the Master Servicer shall have no duty or obligation to enforce the any Credit Risk Management Agreement, Agreement or to supervise, monitor or oversee the activities of the any Servicer under its Credit Risk Management Agreement with respect to any action taken or not taken by the a Servicer at the direction of the Seller or pursuant to a recommendation of the Credit Risk Manager.

Appears in 2 contracts

Samples: Trust Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5), Custodial Agreement (Sail 2006-3)

Duties of the Master Servicer. The Certificateholders, by their purchase and acceptance of the Certificates or Lower Tier REMIC 1 Uncertificated Regular Interests, appoint Aurora Loan Services LLC, as Master Servicer. For and on behalf of the Depositor, the Trustee and the Certificateholders, the Master Servicer shall master service the Mortgage Loans in accordance with the provisions of this Agreement and the provisions of each the Servicing Agreement. Notwithstanding anything in this Agreement, the Servicing Agreement or the Credit Risk Management Agreement to the contrary, the Master Servicer shall have no duty or obligation to enforce the Credit Risk Management Agreement, Agreement or to supervise, monitor or oversee the activities of the Servicer under its the Credit Risk Management Agreement with respect to any action taken or not taken by the Servicer at the direction of the Seller or pursuant to a recommendation of the Credit Risk Manager.

Appears in 2 contracts

Samples: Trust Agreement (BNC Mortgage Loan Trust 2007-2), Trust Agreement (BNC Mortgage Loan Trust 2007-3)

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Duties of the Master Servicer. The Certificateholders, by their purchase and acceptance of the Certificates or Lower Tier REMIC 1 Uncertificated Regular Interests, appoint Aurora Loan Services LLC, as Master Servicer. For and on behalf of the Depositor, the Trustee and the Certificateholders, the Master Servicer shall master service the Mortgage Loans in accordance with the provisions of this Agreement and the provisions of each Servicing Agreement. Notwithstanding anything in this Agreement, the any Servicing Agreement or the any Credit Risk Management Agreement to the contrary, the Master Servicer shall have no duty or obligation to enforce the any Credit Risk Management Agreement, or to supervise, monitor or oversee the activities of the any Servicer under its Credit Risk Management Agreement with respect to any action taken or not taken by the a Servicer at the direction of the Seller or pursuant to a recommendation of the Credit Risk Manager.

Appears in 1 contract

Samples: Trust Agreement (Sasco 2007-Eq1)

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