Investments by the Master Servicer or the Securities Administrator. Any investment by the Master Servicer or the Securities Administrator of amounts received hereunder shall be in Permitted Investments only. All income and gain realized from any such investment of amounts in the Master Servicer Account shall be for the benefit of the Master Servicer and shall be subject to its withdrawal on order from time to time, and shall not be part of the Trust Fund. All income and gain realized from any such investment of amounts in the Certificate Account shall be for the benefit of the Securities Administrator and shall be subject to its withdrawal on order from time to time. In the event of a loss or reduction in the amount to be remitted by the Master Servicer to the Securities Administrator on the Master Servicer Remittance Date or the amount to be remitted by the Securities Administrator on the Distribution Date because of a loss on a Permitted Investment, the Master Servicer or the Securities Administrator, as applicable, shall be required to deposit the amount of such loss into the Master Servicer Account or the Certificate Account, as applicable, within one Business Day of realization of such loss from its own funds without reimbursement.
Appears in 10 contracts
Samples: Trust Agreement (Gs Mortgage Securities Corp), Trust Agreement (GSR Mortgage Loan Trust 2005-6f), Trust Agreement (GSR Mortgage Loan Trust 2005-4f)
Investments by the Master Servicer or the Securities Administrator. Any investment by the Master Servicer or the Securities Administrator of amounts received hereunder shall be in Permitted Investments only. All income and gain realized from any such investment of amounts in the Master Servicer Account shall be for the benefit of the Master Servicer and shall be subject to its withdrawal on order from time to time, and shall not be part of the Trust FundEstate. All income and gain realized from any such investment of amounts in the Certificate Account shall be for the benefit of the Securities Administrator and shall be subject to its withdrawal on order from time to time. In the event of a loss or reduction in the amount to be remitted by the Master Servicer to the Securities Administrator on the Master Servicer Remittance Date or the amount to be remitted by the Securities Administrator on the Distribution Date because of a loss on a Permitted Investment, the Master Servicer or the Securities Administrator, as applicable, shall be required to deposit the amount of such loss into the Master Servicer Account or the Certificate Account, as applicable, within one Business Day of realization of such loss from its own funds without reimbursement.
Appears in 10 contracts
Samples: Trust Agreement (Gs Mortgage Securities Corp), Master Servicing (GSR Mortgage Loan Trust 2006-8f), Trust Agreement (STARM Mortgage Loan Trust 2007-4)
Investments by the Master Servicer or the Securities Administrator. Any investment by the Master Servicer or the Securities Administrator of amounts received hereunder shall be in Permitted Investments only. All income and gain realized from any such investment of amounts in the Master Servicer Account shall be for the benefit of the Master Servicer and shall be subject to its withdrawal on order from time to time, time and shall not be part of the Trust FundEstate. All income and gain realized from any such investment of amounts in the Certificate Account shall be for the benefit of the Securities Administrator and shall be subject to its withdrawal on order from time to time. In the event of a loss or reduction in the amount to be remitted by the Master Servicer to the Securities Administrator on the Master Servicer Remittance Date or the amount to be remitted by the Securities Administrator on the Distribution Date because of a loss on a Permitted Investment, the Master Servicer or the Securities Administrator, as applicable, shall be required to deposit the amount of such loss into the Master Servicer Account or the Certificate Account, as applicable, within one Business Day of realization of such loss from its own funds without reimbursement.
Appears in 5 contracts
Samples: Trust Agreement (GSR Mortgage Loan Trust 2005-Ar2), Trust Agreement (GS Mortgage GSR Loan Trust 2004-9), Trust Agreement (GSR Mortgage Loan Trust 2005-Ar1)