Common use of Monitoring of Servicer Clause in Contracts

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee and the Depositor the non-compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the Servicer’s compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its Servicing Agreement, or that a notice should be sent pursuant to such Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee and the Depositor Company the non-compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the Servicer’s compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its Servicing Agreement, or that a notice should be sent pursuant to such Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Company and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee and the Depositor Company the non-compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the Servicer’s compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its Servicing Agreement, or that a notice should be sent pursuant to such Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Company and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee and the Depositor Company the non-compliance by the Servicer with its duties under the related Servicing Agreement. In the review of the Servicer’s 's activities, the Master Servicer may rely upon an officer’s 's certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the Servicer’s 's compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its Servicing Agreement, or that a notice should be sent pursuant to such Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Company, the NIMS Insurer and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee and the Depositor Company the non-compliance by the Servicer with its duties under the related Servicing Agreement. In the review of the Servicer’s 's activities, the Master Servicer may rely upon an officer’s 's certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the Servicer’s 's compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its Servicing Agreement, or that a notice should be sent pursuant to such Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Company and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Issuer, the Indenture Trustee and the Depositor the non-compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s 's activities, the Master Servicer may rely upon an officer’s 's certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the such Servicer’s 's compliance with the terms of its the Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its the Servicing Agreement, or that a notice should be sent pursuant to such the Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Depositor, the Issuer and the Indenture Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee and the Depositor the non-compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the Servicer’s compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its Servicing Agreement, or that a notice should be sent pursuant to such Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to monitoring the Trustee and the Depositor the non-compliance by the Servicer with its duties under the Mortgage Loan Purchase and Servicing Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the Servicer’s compliance with the terms of its the Mortgage Loan Purchase and Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its the Mortgage Loan Purchase and Servicing Agreement, or that a notice should be sent pursuant to such the Mortgage Loan Purchase and Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee and the Depositor the non-compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the Servicer’s compliance with the terms of its the Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the a Servicer should be terminated in accordance with its the Servicing Agreement, or that a notice should be sent pursuant to such the Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee Trustee, the Trust Administrator and the Depositor the non-compliance by the Servicer with its duties under the Servicing Master Agreement. In the its review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer (or similar document signed by an officer a Servicing Officer of the Servicer) with regard to the Servicer’s compliance with the terms of its Servicing the Master Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its Servicing the Master Agreement, or that a notice should be sent pursuant to such Servicing the Master Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Depositor, the Trust Administrator and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee and the Depositor the non-compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s 's activities, the Master Servicer may rely upon an officer’s 's certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the Servicer’s 's compliance with the terms of its the Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its the Servicing Agreement, or that a notice should be sent pursuant to such Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor and the Trustee thereof and in writing. Pursuant to its receipt of such notification from the Master Servicer Servicer, the Trustee shall issue such notice of termination to the Servicer or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee Trustee, the Trust Administrator and the Depositor the non-compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s 's activities, the Master Servicer may rely upon an officer’s 's certificate of the Servicer (or similar document signed by an officer a Servicing Officer of the Servicer) with regard to the Servicer’s 's compliance with the terms of its the Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its the Servicing Agreement, or that a notice should be sent pursuant to such the Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Depositor, the Trust Administrator and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee Trustee, the Trust Administrator and the Depositor the non-compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s 's activities, the Master Servicer may rely upon an officer’s 's certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the such Servicer’s 's compliance with the terms of its the Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its the Servicing Agreement, or that a notice should be sent pursuant to such Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Depositor, the Trust Administrator and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee Trustee, the Trust Administrator and the Depositor the non-compliance by the Servicer with its duties under the Servicing Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer (or similar document signed by an officer a Servicing Officer of the Servicer) with regard to the Servicer’s compliance with the terms of its the Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its the Servicing Agreement, or that a notice should be sent pursuant to such the Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Depositor, the Trust Administrator and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to monitoring the Trustee and the Depositor the non-compliance by the Servicer with its duties under the Purchase and Servicing Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate of the Servicer (or similar document signed by an officer of the Servicer) with regard to the Servicer’s compliance with the terms of its the Purchase and Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its the Purchase and Servicing Agreement, or that a notice should be sent pursuant to such the Purchase and Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Transferor and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.

Monitoring of Servicer. (a) The Master Servicer shall be responsible for reporting to the Trustee Trustee, the Trust Administrator and the Depositor the non-compliance by the Servicer with its duties under the Servicing this Agreement. In the review of the Servicer’s activities, the Master Servicer may rely upon an officer’s certificate Officers’ Certificate of the Servicer (or similar document signed by an officer a Servicing Officer of the Servicer) with regard to the Servicer’s compliance with the terms of its Servicing this Agreement. In the event that the Master Servicer, in its judgment, determines that the Servicer should be terminated in accordance with its Servicing Agreementthe terms hereof, or that a notice should be sent pursuant to such Servicing Agreement the terms hereof with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, the Master Servicer shall notify the Depositor Depositor, the Trust Administrator and the Trustee thereof and the Master Servicer shall issue such notice or take such other action as it deems appropriate.