Common use of Master Servicing by Master Servicer Clause in Contracts

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint and SPS to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) as necessary from time-to-time to carry out the Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) and shall cause each Servicer (other than WMMSC) to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each Mortgage Loan, for the related Prepayment Period, to the extent any of Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults in its obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint and SPS to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) Xxxxx Fargo, GreenPoint and SPS as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) Xxxxx Fargo, GreenPoint and SPS and shall cause each Servicer (other than WMMSC) of Xxxxx Fargo, GreenPoint and SPS to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the Xxxxx Fargo Serviced Mortgage LoanLoans, SPS Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPointSPS, SPS GreenPoint or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint Fargo and SPS to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) Xxxxx Fargo and SPS as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) Xxxxx Fargo and SPS and shall cause each Servicer (other than WMMSC) of Xxxxx Fargo and SPS to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the Xxxxx Fargo Serviced Mortgage LoanLoans, SPS Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of GreenPoint, Xxxxx Fargo, GreenPoint Fargo and SPS to service and administer the Xxxxx Fargo GreenPoint Serviced Mortgage Loans, GreenPoint Xxxxx Fargo Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint, Xxxxx Fargo and SPS as necessary from time-to-time to carry out the Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint, Xxxxx Fargo and SPS and shall cause each Servicer (other than WMMSC) of GreenPoint, Xxxxx Fargo and SPS to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, the Xxxxx Fargo Serviced Mortgage Loans, SPS Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of GreenPoint, Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the CertificateholdersCertificateholders and the Certificate Insurer, the Master Servicer shall oversee and enforce the obligation of SPS to service and administer the SPS Mortgage Loans and Xxxxx Fargo, GreenPoint and SPS Fargo to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced CORE Mortgage Loans and SPS Xxxxx Fargo Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) SPS and Xxxxx Fargo as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) SPS and Xxxxx Fargo and shall cause each Servicer (other than WMMSC) of SPS and Xxxxx Fargo to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the SPS Serviced Mortgage LoanLoans, the Xxxxx Fargo Serviced CORE Mortgage Loans, the Xxxxx Fargo Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, to the extent any of Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults in its obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Wells Fargo, GreenPoint and SPS to service and administer the Xxxxx Wells Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Servicex Xxxtgage Loans and SPS Serviced Mortgage Loans, respectivelyrespectivelx, in xn accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) as necessary from time-to-time to carry out the Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) and shall cause each Servicer (other than WMMSC) to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the Wells Fargo Serviced Mortgage LoanLoans, GreenPoint Serviced Mortgage Loans, SPS Serviced Mortgage Loans and the Designatex Xxrtgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Wells Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Compensatinx Xxterest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx FargoGreenPoint, GreenPoint WFHM and SPS Fairbanks to service and administer the Xxxxx Fargo GreenPoint Serviced Mortgage Loans, GreenPoint WFHM Serviced Mortgage Loans and SPS Fairbanks Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint, WFHM and Fairbanks as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint, WFHM and Fairbanks and shall cause each Servicer (other than WMMSC) of GreenPoint, WFHM and Fairbanks to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment remitted by National City or Lydian to the Master Servicer. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, the WFHM Serviced Mortgage Loans, the Fairbanks Serviced Mortgage Loans, the National City Serviced Loans Mortgage Loans and the Lydian Serviced Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPoint, SPS WFHM, Fairbanks, National City or the related Designated ServicerLydian, as applicablerespectively, defaults default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Wxxxx Fargo, GreenPoint and SPS to service and administer the Xxxxx Wxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) and shall cause each Servicer (other than WMMSC) to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account pursuant to Section 3.05, the amount of the Compensating Interest Payment for the Master Servicer, with respect to each Mortgage Loan, for the related Prepayment Period, to the extent any of Xxxxx Wxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults in its obligation to make such Compensating Interest Payment pursuant to Section 3.05Payment. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of SPS and Xxxxx Fargo, GreenPoint and SPS Fargo to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint SPS Serviced Mortgage Loans and SPS Xxxxx Fargo Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) SPS and Xxxxx Fargo as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) SPS and Xxxxx Fargo and shall cause each Servicer (other than WMMSC) of SPS and Xxxxx Fargo to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the SPS Serviced Mortgage LoanLoans and the Xxxxx Fargo Serviced Mortgage Loans, for the related Prepayment Period, to the extent any of Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults in its obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint Wells Fargo and SPS to service and administer the Xxxxx Wells Fargo Serviced Mortgage Loans, GreenPoint Serviced Xxxxiced Mortgage Loans and SPS Serviced Mortgage LoansMortgagx Xxxns, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) Wells Fargo and SPS as necessary from time-to-time to carry out the oxx xxe Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) Wells Fargo and SPS and shall cause each Servicer (other than WMMSC) to perform of Wells Fargo and SPS xx xerform and observe the covenants, obligations oblxxxxxons and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the Wells Fargo Serviced Mortgage LoanLoans, SPS Serviced Mortgage Xxxxx and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Wells Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer default in its obligation their xxxxxation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of GreenPoint, Xxxxx Fargo, GreenPoint Fargo and SPS Fairbanks to service and administer the GreenPoint Serviced Mortgage Loans, Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Fairbanks Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint, Xxxxx Fargo and Fairbanks as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint, Xxxxx Fargo and Fairbanks and shall cause each Servicer (other than WMMSC) of GreenPoint, Xxxxx Fargo and Fairbanks to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment remitted by Nexstar to the Master Servicer. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, the Xxxxx Fargo Serviced Mortgage Loans, the Fairbanks Serviced Mortgage Loans and the Nexstar Serviced Loans Mortgage Loans, for the related Prepayment Period, Period to the extent any of GreenPoint, Xxxxx Fargo, GreenPoint, SPS Fairbanks or the related Designated Servicer, as applicable, defaults Nexstar default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint and SPS Fairbanks to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Fairbanks Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint and Fairbanks as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint and Fairbanks and shall cause each Servicer (other than WMMSC) of GreenPoint and Fairbanks to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment remitted by the Designated Servicer to the Master Servicer. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, the Fairbanks Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPoint, SPS Fairbanks or the related Designated Servicer, as applicablerespectively, defaults default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the CertificateholdersCertificateholders and the Certificate Insurer, the Master Servicer shall oversee and enforce the obligation of SPS and Xxxxx Fargo, GreenPoint and SPS Fargo to service and administer the Xxxxx Fargo SPS Serviced Mortgage Loans, GreenPoint the Xxxxx Fargo Serviced CORE Mortgage Loans and SPS Xxxxx Fargo Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) SPS and Xxxxx Fargo as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) SPS and Xxxxx Fargo and shall cause each Servicer (other than WMMSC) of SPS and Xxxxx Fargo to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the SPS Serviced Mortgage LoanLoans, the Xxxxx Fargo Serviced CORE Mortgage Loans, the Xxxxx Fargo Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, to the extent any of Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults in its obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint SPS, JPMorgan and SPS Ocwen to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint SPS Serviced Mortgage Loans, JPMorgan Serviced Mortgage Loans and SPS Ocwen Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) as necessary from time-to-time to carry out the Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) and shall cause each Servicer (other than WMMSC) to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the Xxxxx Fargo Serviced Mortgage LoanLoans, SPS Serviced Mortgage Loans, Ocwen Serviced Mortgage Loans and JPMorgan Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPointSPS, SPS Ocwen, JPMorgan or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint Ocwen and SPS to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Ocwen Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) Xxxxx Fargo, Ocwen and SPS as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) Xxxxx Fargo, Ocwen and SPS and shall cause each Servicer (other than WMMSC) of Xxxxx Fargo, Ocwen and SPS to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the Xxxxx Fargo Serviced Mortgage LoanLoans, SPS Serviced Mortgage Loans, Ocwen Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPointSPS, SPS Ocwen or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of GreenPoint, Xxxxx Fargo, GreenPoint Fargo and SPS to service and administer the Xxxxx Fargo GreenPoint Serviced Mortgage Loans, GreenPoint Xxxxx Fargo Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint, Xxxxx Fargo and SPS as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint, Xxxxx Fargo and SPS and shall cause each Servicer (other than WMMSC) of GreenPoint, Xxxxx Fargo and SPS to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, the Xxxxx Fargo Serviced Mortgage Loans, SPS Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of GreenPoint, Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the CertificateholdersCertificateholders and the Certificate Insurer, the Master Servicer shall oversee and enforce the obligation of SPS to service and administer the SPS Mortgage Loans, Xxxxx Fargo, GreenPoint and SPS Fargo to service and administer the Xxxxx Fargo Serviced CORE Mortgage Loans, GreenPoint Loans and Xxxxx Fargo Serviced Mortgage Loans and SPS GreenPoint to service and administer the GreenPoint Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) SPS, Xxxxx Fargo and GreenPoint as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) SPS, Xxxxx Fargo and GreenPoint and shall cause each Servicer (other than WMMSC) of SPS, Xxxxx Fargo and GreenPoint to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the SPS Serviced Mortgage LoanLoans, the Xxxxx Fargo Serviced CORE Mortgage Loans, the Xxxxx Fargo Serviced Mortgage Loans, the GreenPoint Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, to the extent any of Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults in its obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint Fargo and SPS to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) as necessary from time-to-time to carry out the Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) and shall cause each Servicer (other than WMMSC) to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the Xxxxx Fargo Serviced Mortgage LoanLoans, SPS Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx FargoGreenPoint, GreenPoint Wells Fargo and SPS to service and administer the Xxxxx Fargo Serviced GreenPoint Serxxxxx Mortgage Loans, GreenPoint Wells Fargo Serviced Mortgage Loans and SPS Serviced Mortgage LoansXxxxx, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint, Wells Fargo and SPS as necessary from time-to-time to carry out the xxx Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint, Wells Fargo and SPS and shall cause each Servicer (other than WMMSC) of GreenPoint, Wellx Xxrgo and SPS to perform and observe the covenants, obligations oblxxxxxons and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, the Wells Fargo Serviced Mortgage Loans, SPS Serviced Mortgage Loaxx xnd the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx GreenPoint, Wells Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults in its Servicer default xx xheir obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint Fargo and SPS to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) and shall cause each Servicer (other than WMMSC) to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the Xxxxx Fargo Serviced Mortgage LoanLoans, SPS Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx FargoGreenPoint, GreenPoint Wells Fargo and SPS to service and administer the Xxxxx GreenPoint Serviced Mortgagx Xxxns, Wells Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectivelyrespectivxxx, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint, Wells Fargo and SPS as necessary from time-to-time to carry out the Master Maxxxx Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint, Wells Fargo and SPS and shall cause each Servicer (other than WMMSC) to perform of GreenPoint, Wells Fargo and SPS tx xxxform and observe the covenants, obligations and conditions xxxxitions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, the Wells Fargo Serviced Mortgage Loans, SPS Serviced Mortgage Loans and the Desxxxxxed Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx GreenPoint, Wells Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer default in its obligation their obligaxxxx to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx FargoWMB, GreenPoint Wells Fargo and SPS to service and administer the Xxxxx Fargo WMB Serviced Mortgage Mxxxxxge Loans, GreenPoint Wells Fargo Serviced Mortgage Loans and SPS Serviced Mortgage LoansLoxxx, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) WMB, Wells Fargo and SPS as necessary from time-to-time to carry out xxx the Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) WMB, Wells Fargo and SPS and shall cause each Servicer (other than WMMSC) of WMB, Wells Fargo anx XXX to perform and observe the covenants, obligations oblixxxxxns and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, Servicer with respect to each Mortgage Loan, Loan for the related Prepayment Period, to the extent any of Xxxxx WMB, Wells Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer defaxxxx in its obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx FargoGreenPoint, GreenPoint U.S. Bank, Wxxxx Fargo and SPS to service and administer the Xxxxx Fargo GreenPoint Serviced Mortgage Loans, GreenPoint U.S. Bank Serviced Mortgage Loans, Wxxxx Fargo Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint, U.S. Bank, Wxxxx Fargo and SPS as necessary from time-to-time to carry out the Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint, U.S. Bank, Wxxxx Fargo and SPS and shall cause each Servicer (other than WMMSC) of GreenPoint, U.S. Bank, Wxxxx Fargo and SPS to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, U.S. Bank Serviced Mortgage Loans, the Wxxxx Fargo Serviced Mortgage Loans, SPS Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx GreenPoint, U.S. Bank, Wxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint Wxxxx Fargo and SPS to service and administer the Xxxxx Wxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) Wxxxx Fargo and SPS as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) Wxxxx Fargo and SPS and shall cause each Servicer (other than WMMSC) of Wxxxx Fargo and SPS to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the Wxxxx Fargo Serviced Mortgage LoanLoans, SPS Serviced Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Wxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults Servicer default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint and SPS Fairbanks to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Fairbanks Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint and Fairbanks as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint and Fairbanks and shall cause each Servicer (other than WMMSC) of GreenPoint and Fairbanks to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage Loan, Loans and the Fairbanks Serviced Mortgage Loans for the related Prepayment Period, Period to the extent any of Xxxxx FargoGreenPoint or Fairbanks, GreenPointrespectively, SPS or the related Designated Servicer, as applicable, defaults default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint and SPS to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) and shall cause each Servicer (other than WMMSC) to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account pursuant to Section 3.05, the amount of the Compensating Interest Payment for the Master Servicer, with respect to each Mortgage Loan, for the related Prepayment Period, to the extent any of Xxxxx Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults in its obligation to make such Compensating Interest Payment pursuant to Section 3.05Payment. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx FargoGreenPoint, GreenPoint WFHM and SPS Fairbanks to service and administer the Xxxxx Fargo GreenPoint Serviced Mortgage Loans, GreenPoint WFHM Serviced Mortgage Loans and SPS Fairbanks Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint, WFHM and Fairbanks as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint, WFHM and Fairbanks and shall cause each Servicer (other than WMMSC) of GreenPoint, WFHM and Fairbanks to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment remitted by each Designated Servicer and National City to the Master Servicer. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, the WFHM Serviced Mortgage Loans, the Fairbanks Serviced Mortgage Loans, the National City Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPoint, SPS WFHM, Fairbanks, National City or the related Designated Servicer, as applicablerespectively, defaults default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx FargoGreenPoint, GreenPoint WFHM and SPS Fairbanks to service and administer the Xxxxx Fargo GreenPoint Serviced Mortgage Loans, GreenPoint WFHM Serviced Mortgage Loans and SPS Fairbanks Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint, WFHM and Fairbanks as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint, WFHM and Fairbanks and shall cause each Servicer (other than WMMSC) of GreenPoint, WFHM and Fairbanks to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment remitted by the Designated Servicer and National City to the Master Servicer. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, the WFHM Serviced Mortgage Loans, the Fairbanks Serviced Mortgage Loans, the National City Mortgage Loans and the Designated Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPoint, SPS WFHM, Fairbanks, National City or the related Designated Servicer, as applicablerespectively, defaults default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of GreenPoint, Xxxxx Fargo, GreenPoint Fargo and SPS to service and administer the Xxxxx Fargo GreenPoint Serviced Mortgage Loans, GreenPoint Xxxxx Fargo Serviced Mortgage Loans and SPS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) GreenPoint, Xxxxx Fargo and SPS as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) GreenPoint, Xxxxx Fargo and SPS and shall cause each Servicer (other than WMMSC) of GreenPoint, Xxxxx Fargo and SPS to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each the GreenPoint Serviced Mortgage LoanLoans, the Xxxxx Fargo Serviced Mortgage Loans and the SPS Serviced Mortgage Loans, for the related Prepayment Period, Period to the extent any of Xxxxx Fargo, GreenPoint, Xxxxx Fargo or SPS or the related Designated Servicer, as applicable, defaults default in its their obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Wells Fargo, GreenPoint and SPS to service and administer the Xxxxx Wells Fargo Serviced Mortgage Morxxxxx Loans, GreenPoint Serviced Mortgage Loans and SPS Serviced Sxxxxxed Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) as necessary from time-to-time to carry out the Master Servicer's obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) and shall cause each Servicer (other than WMMSC) to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account the amount of the Compensating Interest Payment for the Master Servicer, with respect to each Mortgage Loan, for the related Prepayment Period, to the extent any of Xxxxx Wells Fargo, GreenPoint, SPS or the related Designated Servicer, as applicable, defaults in defaulxx xn its obligation to make such Compensating Interest Payment pursuant to Section 3.05. The aggregate of such deposits shall be made from the Master Servicer's own funds, without reimbursement therefor.

Master Servicing by Master Servicer. For and on behalf of the Certificateholders, the Master Servicer shall oversee and enforce the obligation of Xxxxx Fargo, GreenPoint GreenPoint, SPS, Bank of America and SPS UMS to service and administer the Xxxxx Fargo Serviced Mortgage Loans, GreenPoint Serviced Mortgage Loans Loans, SPS Serviced Mortgage Loans, Bank of America Serviced Mortgage Loans, and SPS UMS Serviced Mortgage Loans, respectively, in accordance with the terms of this Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with the Servicers (other than WMMSC) as necessary from time-to-time to carry out the Master Servicer's ’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by the Servicers (other than WMMSC) and shall cause each Servicer (other than WMMSC) to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under this Agreement. With respect to any Distribution Date, no later than the related Cash Remittance Date, the Master Servicer shall remit to the Trust Administrator for deposit in the Certificate Account pursuant to Section 3.05, the amount of the Compensating Interest Payment for the Master Servicer, with respect to each Mortgage Loan, for the related Prepayment Period, to the extent any of Xxxxx Fargo, GreenPoint, SPS SPS, Bank of America, UMS or the related Designated Servicer, as applicable, defaults in its obligation to make such Compensating Interest Payment pursuant to Section 3.05Payment. The aggregate of such deposits shall be made from the Master Servicer's ’s own funds, without reimbursement therefor.