Common use of Material Modification to Rights of Security Holders Clause in Contracts

Material Modification to Rights of Security Holders. Master Servicer Trustee Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. FMSC Item 5.03- Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment “to the governing documents of the issuing entity”. FMSC Item 6.01- ABS Informational and Computational Material FMSC Item 6.02- Change of Servicer or Master Servicer/FMSC/ Securities Administrator Servicer/Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. Reg AB disclosure about any new servicer or master servicer is also required. Servicer/Master Servicer/FMSC Reg AB disclosure about any new Trustee is also required. Trustee FORM 8-K DISCLOSURE INFORMATION Item on Form 8-K Party Responsible Item 6.03- Change in Credit Enhancement or External Support Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external credit enhancements as well as derivatives. FMSC/Trustee Reg AB disclosure about any new enhancement provider is also required. FMSC Item 6.04- Failure to Make a Master Servicer Required Distribution Trustee Item 6.05- Securities Act Updating Disclosure If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. FMSC If there are any new servicers or originators required to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. FMSC Item 7.01- Reg FD Disclosure All parties

Appears in 2 contracts

Samples: Master Servicing Agreement (Fremont Mortgage Securities Corp), Master Servicing Agreement (Fremont Mortgage Securities Corp)

AutoNDA by SimpleDocs

Material Modification to Rights of Security Holders. Master Servicer Trust Administrator Trustee Depositor Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. FMSC Item 5.03- Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year Depositor Disclosure is required of any amendment “to the governing documents of the issuing entity”. FMSC Item 6.01- ABS Informational and Computational Material FMSC Depositor Item 6.02- Change of Servicer or Securities Administrator Master Servicer/FMSC/ Securities Administrator Trust Administrator/Depositor/ Servicer/Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. Reg AB disclosure about any new servicer or master servicer is also required. Servicer/Master Servicer/FMSC Depositor Reg AB disclosure about any new Trustee is also required. Trustee FORM 8-K DISCLOSURE INFORMATION Item on Form 8-K Party Responsible Item 6.03- Change in Credit Enhancement or External Support Depositor/Trust Administrator/Trustee Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external credit enhancements as well as derivatives. FMSC/Trustee Reg AB disclosure about any new enhancement provider is also required. FMSC Depositor Item 6.04- Failure to Make a Master Servicer Required Distribution Trust Administrator Trustee Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. FMSC If there are any new servicers or originators required to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. FMSC Depositor Item 7.01- Reg FD Disclosure All parties

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-B)

AutoNDA by SimpleDocs

Material Modification to Rights of Security Holders. Master Servicer Trustee Disclosure is required of any material modification to documents defining the rights of Certificateholders, including the Pooling and Servicing Agreement. FMSC Depositor Item 5.03- Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year Disclosure is required of any amendment “to the governing documents of the issuing entity”. FMSC Depositor Item 6.01- ABS Informational and Computational Material FMSC Depositor Item 6.02- Change of Servicer or Master Servicer/FMSC/ Securities Administrator Servicer/Trustee Requires disclosure of any removal, replacement, substitution or addition of any master servicer, affiliated servicer, other servicer servicing 10% or more of pool assets at time of report, other material servicers or trustee. Depositor, Master Servicer, Trustee Reg AB disclosure about any new servicer or master servicer is also required. Servicer/Depositor, Master Servicer/FMSC Servicer Reg AB disclosure about any new Trustee is also required. Trustee FORM 8-K DISCLOSURE INFORMATION Item on Form 8-K Party Responsible Item 6.03- Change in Credit Enhancement or External Support Depositor Covers termination of any enhancement in manner other than by its terms, the addition of an enhancement, or a material change in the enhancement provided. Applies to external credit enhancements as well as derivativesthe Cap Agreement and the Swap Agreement. FMSC/Trustee Reg AB disclosure about any new enhancement provider is also required. FMSC Depositor Item 6.04- Failure to Make a Master Servicer Required Distribution Trustee Item 6.05- Securities Act Updating Disclosure Depositor If any material pool characteristic differs by 5% or more at the time of issuance of the securities Certificates from the description in the final prospectus, provide updated Reg AB disclosure about the actual asset pool. FMSC If there are any new servicers or originators required to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively. FMSC Depositor Item 7.01- Reg Regulation FD Disclosure All partiesDepositor

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-D)

Time is Money Join Law Insider Premium to draft better contracts faster.