Master Servicer Assumes Servicing Responsibility. If a Servicer Termination Event occurs, then the Master Servicer shall be obligated (1) if instructed by the Securities Insurer, to select a successor Servicer, [that is acceptable to the Securities Insurer,] or (2) to act as the Servicer of the Home Loans hereunder [unless the Securities Insurer directs otherwise].
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Bcap LLC), Sale and Servicing Agreement (Securitized Asset Backed Receivables LLC), Sale and Servicing Agreement (Bcap LLC)
Master Servicer Assumes Servicing Responsibility. If a Servicer Termination Event occurs, then the Master Servicer shall be obligated (1) if instructed by the Securities Insurer, to select a successor Servicer, [that is acceptable to the Securities Insurer,] , or (2) to act as the Servicer of the Home Loans hereunder [unless the Securities Insurer directs otherwise].
Appears in 2 contracts
Samples: Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1), Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-2)
Master Servicer Assumes Servicing Responsibility. If a Servicer Termination Event occurs, then the Master Servicer shall be obligated (1) [if instructed by the Securities Insurer, ,] to select a successor Servicer, [that is acceptable to the Securities Insurer,] or (2) to act as the Servicer of the Home Mortgage Loans hereunder [unless the Securities Insurer directs otherwise].
Appears in 1 contract
Samples: Sale and Servicing Agreement (Hsi Asset Securitization Corp)
Master Servicer Assumes Servicing Responsibility. If a Servicer Termination Event occurs, then the Master Servicer shall be obligated (1) if instructed by the Securities Insurer, to select a successor Servicer, [that is reasonably acceptable to the Indenture Trustee and the Securities Insurer,] , or (2) to act as the Servicer of the Home Loans hereunder [unless the Securities Insurer directs otherwise]hereunder.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998 3)
Master Servicer Assumes Servicing Responsibility. If a Servicer Termination Event occurs, then the Master Servicer shall be obligated pursuant to Section 8.21 (1) if instructed by the Securities Insurer, to select a successor Servicer, [that is reasonably acceptable to the Securities Trustee and the Certificate Insurer,] , or (2) to act as the Servicer of the Home Mortgage Loans hereunder [unless the Securities Insurer directs otherwise]hereunder.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Alliance Mortgage Loan Trust 1998-4)
Master Servicer Assumes Servicing Responsibility. If a Servicer Termination Event occurs, then the Master Servicer shall be obligated (1) [if instructed by the Securities Insurer, ,] to select a successor Servicer, [that is acceptable to the Securities Insurer,] or (2) to act as the Servicer of the Home Loans hereunder [unless the Securities Insurer directs otherwise].
Appears in 1 contract
Samples: Sale and Servicing Agreement (Hsi Asset Securitization Corp)
