Master Servicer Events of Default. 116- SECTION 7.02. Trustee to Act; Appointment of Successor....................................................-118- SECTION 7.03. Notification to Certificateholders..........................................................-119- SECTION 7.04. Waiver of Master Servicer Events of Default.................................................-119- ARTICLE VIII
Master Servicer Events of Default. Each of the following shall constitute a Master Servicer Event of Default:
(a) any failure by the Master Servicer to remit to the Securities Administrator any payment required to be made under the terms of this Trust Agreement which continues unremedied for a period of two (2) Business Days after the date upon which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by the Securities Administrator;
(b) failure by the Master Servicer to duly observe or perform, in any material respect, any other covenants, obligations or agreements of the Master Servicer as set forth in this Trust Agreement which failure continues unremedied for a period of thirty (30) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by the Securities Administrator;
(c) failure by the Master Servicer to maintain its license to do business in any jurisdiction where the Mortgaged Premises are located if such license is required;
(d) a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against the Master Servicer and such decree or order shall have remained in force, undischarged or unstayed for a period of sixty (60) days;
(e) the Master Servicer shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, bankruptcy, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Master Servicer or relating to all or substantially all of its property;
(f) the Master Servicer shall admit in writing its inability to pay its debts as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations for three (3) Business Days;
(g) the Master Servicer attempts to assign this Trust Agreement or its responsibilities hereunder or to delegate its duties hereunder (or any portion thereof) without the consent of the Trustee and the Depositor; or
(h) the indictment of the Master Servicer for the taking of any action by the Master Servicer, any employee thereo...
Master Servicer Events of Default. Each of the following shall constitute a "Master Servicer Event of Default":
Master Servicer Events of Default. Trustee to Act; Appointment of Successor.
Master Servicer Events of Default. “Master Servicer Event of Default,” wherever used herein, means any one of the following events (whatever the reason for such Master Servicer Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body) and only with respect to the defaulting Master Servicer:
Master Servicer Events of Default. 107 7.02. Trustee to Act; Appointment of Successor.....................................................109 7.03.
Master Servicer Events of Default. Section 7.02. Indenture Trustee to Act; Appointment of Successor Section 7.03. Notification to Noteholders and the Note Insurer Section 7.04. Waiver of Defaults Section 7.05. Company Default Section 7.06. Waiver of Company Defaults
Master Servicer Events of Default. Section 8.01. Master Servicer Events of Default; Indenture Trustee To Act; Appointment of Successor. 130
Section 8.02. Additional Remedies of Indenture Trustee Upon Event of Default 134 Section 8.03. Waiver of Defaults 135 Section 8.04. Notification to Holders 135
Section 8.05. Directions by Noteholders and Duties of Indenture Trustee During Master Servicer Event of Default 135
Section 8.06. Action Upon Certain Failures of the Master Servicer and Upon Master Servicer Event of Default 135 Section 8.07. Preparation of Reports. 136 Section 9.01. Termination 137
Master Servicer Events of Default. Section 8.01. Master Servicer Events of Default; Indenture Trustee To Act; Appointment of Successor Section 8.02. Additional Remedies of Indenture Trustee Upon Event of Default Section 8.03. Waiver of Defaults
Master Servicer Events of Default. SECTION 7.02 Trustee to Act; Appointment of Successor. SECTION 7.03
