Master Servicer Events of Termination. (a) If any one of the following events (“Master Servicer Events of Termination’ ) shall occur and be continuing:
(A) The failure by the Master Servicer to make any Advance (other than a Nonrecoverable Advance); or (B) any other failure by the Master Servicer to deposit in the Collection Account or Distribution Account any deposit required to be made under the terms of this Agreement which continues unremedied for a period of (i) one Business Day in the case of any such Advance that was required to be remitted to the Trustee or (ii) five Business Days in the case of any such deposit that was required to be remitted to the Trustee, provided, that, if the Master Servicer cures such failure within the applicable grace period, the amounts remitted shall include interest calculated at the applicable federal funds rate; or
(ii) The failure by the Master Servicer duly to observe or perform, in any material respect, any other covenants, obligations or agreements of the Master Servicer as set forth in this Agreement, which failure continues unremedied for a period of 30 days, after the date (A) on which written notice of such failure, requiring the same to be remedied, shall have been given to the Master Servicer by the Trustee or by any Holder of a Regular Certificate evidencing at least 25% of the Voting Rights or (B) actual knowledge of such failure by a Servicing Officer of the Master Servicer; or
(iii) The entry against the Master Servicer of a decree or order by a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a trustee, conservator, receiver or liquidator in any insolvency, conservatorship, receivership, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 days; or
(iv) The Master Servicer shall voluntarily go into liquidation, consent to the appointment of a conservator or receiver or liquidator or similar person in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to the Master Servicer or of or relating to all or substantially all of its property; or a decree or order of a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a conservator, receiver, liquidator or similar person in any insolvency, readjustment of debt, marsha...
Master Servicer Events of Termination. 116 SECTION 7.02. Trustee to Act; Appointment of Successor......................................................118 SECTION 7.03. Waiver of Defaults............................................................................119 SECTION 7.04. Notification to Certificateholders............................................................119 SECTION 7.05. Survivability of Master Servicer Liabilities..................................................119 ARTICLE VIII THE TRUSTEE
Master Servicer Events of Termination. Trustee to Act; Appointment of Successor.
Master Servicer Events of Termination. (a) If any one of the following events ("Master Servicer Events of Termination") shall occur and be continuing:
Master Servicer Events of Termination. 109 Section 7.02. TRUSTEE TO ACT; APPOINTMENT OF SUCCESSOR.............................................110 Section 7.03.
Master Servicer Events of Termination. Trustee to Act; Appointment of Successor. SECTION 7.03. Waiver of Defaults. SECTION 7.04. Notification to Certificateholders. SECTION 7.05. Survivability of Master Servicer Liabilities.
Master Servicer Events of Termination. 99 Section 7.02 TRUSTEE TO ACT: APPOINTMENT OF SUCCESSOR....................................101 Section 7.03 WAIVER OF MASTER SERVICER EVENTS OF TERMINATION.............................102 Section 7.04 NOTIFICATION TO CERTIFICATEHOLDERS..........................................102 Section 7.05 SURVIVABILITY OF MASTER SERVICER LIABILITIES................................103 ARTICLE VIII
Master Servicer Events of Termination. Trustee to Act; Appointment of Successor SECTION 7.03. Waiver of Defaults SECTION 7.04. Notification to Certificateholders SECTION 7.05. Survivability of Master Servicer Liabilities SECTION 8.01. Duties of Trustee SECTION 8.02. Certain Matters Affecting the Trustee SECTION 8.03. Trustee Not Liable for Certificates or Mortgage Loans SECTION 8.04. Trustee May Own Certificates SECTION 8.05. Trustee Fee and Expenses SECTION 8.06. Eligibility Requirements for Trustee SECTION 8.07. Resignation or Removal of Trustee SECTION 8.08. Successor Trustee SECTION 8.09. Merger or Consolidation of Trustee SECTION 8.10. Appointment of Co-Trustee or Separate Trustee SECTION 8.11. Limitation of Liability SECTION 8.12. Trustee May Enforce Claims Without Possession of Certificates SECTION 8.13. Suits for Enforcement SECTION 8.14. Waiver of Bond Requirement SECTION 8.15. Waiver of Inventory, Accounting and Appraisal Requirement
Master Servicer Events of Termination. (a) If any one of the following events ("Master Servicer Events of Termination") shall occur and be continuing:
(A) The failure by the Master Servicer to make any Advance; or (B) any other failure by the Master Servicer to deposit in the Collection Account or Distribution Account any deposit required to be made under the terms of this Agreement which continues unremedied 100
Master Servicer Events of Termination. 79 Section 7.02. Trustee to Act; Appointment of Successor...........81 Section 7.03. Waiver of Master Servicer Events of Termination....82 Section 7.04.
