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: Flow Servicing Agreement (GSAA Home Equity Trust 2006-6), Servicing and Trust Agreement (GSAA Home Equity Trust 2007-7), Servicing and Trust Agreement (GSAA Home Equity Trust 2007-9)
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)
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: Assignment and Recognition Agreement (BCAP LLC Trust 2006-Aa2)
