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 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 with regard to such Servicer's compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that a 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 the 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 with regard to such Servicer's ’s compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that a 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 Trustee, the Trust Administrator and the Depositor the any 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 with regard to such the Servicer's ’s compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that a the Servicer should be terminated in accordance with its 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 and the Depositor the 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 such 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 a 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 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 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 with regard to such 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 a 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 and the Depositor Seller the compliance by the Servicer with its duties under the related Servicing Agreement. In the review of the Servicer's activities, the Master Servicer may rely upon an officer's certificate of the Servicer with regard to such Servicer's compliance with the terms of its the related Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that a 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 Seller 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 monitoring the 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 certificate Officer’s Certificate of the Servicer with regard to such 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 a the Servicer should be terminated in accordance with its the terms of the Servicing Agreement, or that a notice should be sent pursuant to such the terms of the Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such terminationthe Servicer Event of Default, the Master Servicer shall notify the Depositor Servicer, the Sponsor 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 Seller the compliance by the Servicer with its duties under the related Servicing Agreement. In the review of the Servicer's Servicer activities, the Master Servicer may rely upon an officer's certificate of the Servicer with regard to such the Servicer's compliance with the terms of its the Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that a 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 Seller 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 monitoring the 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 certificate Officer’s Certificate of the Servicer with regard to such 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 a the Servicer should be terminated in accordance with its the terms of the Servicing Agreement, Agreement or that a notice should be sent pursuant to such the terms hereof or the terms of the Servicing Agreement with respect to the occurrence of an event that, unless cured, would constitute grounds for such termination, either the Master Servicer or the Trustee shall notify the Servicer, the Seller, the Master Servicer shall notify the Depositor and the Trustee Trustee, as applicable, thereof and either the Master Servicer or the Trustee 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 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 with regard to such the Servicer's compliance with the terms of its the Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that a 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 and the Depositor the compliance by the each Servicer with its duties under the related Servicing Agreement. In the review of the each Servicer's activities, the Master Servicer may rely upon an officer's certificate of the a Servicer with regard to such Servicer's compliance with the terms of its Servicing Agreement. In the event that the Master Servicer, in its judgment, determines that a 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.