Common use of Master Servicer to Act as Servicer Clause in Contracts

Master Servicer to Act as Servicer. In the event that a Servicer shall for any other reason no longer be the Servicer, the Master Servicer or another successor Servicer, shall thereupon assume all of the rights and obligations of the predecessor Servicer hereunder arising thereafter pursuant to Section 7.02.

Appears in 49 contracts

Samples: Trust Agreement (GSAA Home Equity Trust 2006-6), Trust Agreement (GSAA Home Equity Trust 2007-9), Trust Agreement (GSR 2007-Oa2)

AutoNDA by SimpleDocs

Master Servicer to Act as Servicer. In the event that a the Servicer shall for any other reason no longer be the Servicer, the Master Servicer or another successor Servicer, shall thereupon assume all of the rights and obligations of the predecessor Servicer hereunder arising thereafter pursuant to Section 7.02.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (BCAP LLC Trust 2006-Aa2)

AutoNDA by SimpleDocs

Master Servicer to Act as Servicer. In the event that a Servicer shall for any other reason no longer be the Servicera Servicer hereunder (including by reason of an Event of Default), except as provided under Section 7.02, the Master Servicer or another its successor Servicer, shall thereupon assume all of the rights and obligations of the predecessor such Servicer hereunder arising thereafter pursuant to Section 7.02.(except that the Master Servicer shall not be (i) liable for losses of 123

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!