Common use of Option to Substitute Clause in Contracts

Option to Substitute. 41 ARTICLE IV THE CERTIFICATES.................................................................................................42 Section 4.01. The Certificates......................................................................42 Section 4.02. Registration of Transfer and Exchange of Certificates.................................44 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................47 Section 4.04. Persons Deemed Owners.................................................................48 Section 4.05. Appointment of Paying Agent; Certificate Account......................................48 Section 4.06. Authenticating Agents.................................................................49 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS...................................................................50 Section 5.01. Servicer to Service Mortgage Loans....................................................50 Section 5.02. Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations.........................................................51 Section 5.03. Successor Sub-Servicers...............................................................51 Section 5.04. Liability of the Servicer.............................................................51 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders....................................................................51 Section 5.06. Termination of Sub-Servicing Agreement................................................52 Section 5.07. Collection of Mortgage Loan Payments..................................................52 Section 5.08. Establishment of Collection Account; Deposit in Collection Account....................52 Section 5.09. Permitted Withdrawals from the Collection Account.....................................53 Section 5.10. Establishment of Escrow Account; Deposits in Escrow Account...........................54 Section 5.11. Permitted Withdrawals from Escrow Account.............................................55

Option to Substitute. 41 57 ARTICLE IV THE CERTIFICATES.................................................................................................42 ........................................................................................58 Section 4.01. The Certificates......................................................................42 58 Section 4.02. Registration of Transfer and Exchange of Certificates.................................44 60 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................47 64 Section 4.04. Persons Deemed Owners.................................................................48 64 Section 4.05. Appointment of Paying Agent; Certificate Account......................................48 64 Section 4.06. Authenticating Agents.................................................................49 65 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS...................................................................50 ..........................................................66 Section 5.01. Servicer Servicers to Service Mortgage Loans....................................................50 ...................................................66 Section 5.02. Sub-Servicing Agreements Between Servicer Servicers and Sub-Servicers; Enforcement of Sub-Servicer's Obligations.........................................................51 .............................................67 Section 5.03. Successor Sub-Servicers...............................................................51 68 Section 5.04. Liability of the Servicer.............................................................51 Servicers............................................................68 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders....................................................................51 68 Section 5.06. Termination of Sub-Servicing Agreement................................................52 68 Section 5.07. Collection of Mortgage Loan Payments..................................................52 68 Section 5.08. Establishment of Collection AccountAccounts; Deposit in Collection Account....................52 Section 5.09. Permitted Withdrawals from the Collection Account.....................................53 Section 5.10. Establishment of Escrow Account; Deposits in Escrow Account...........................54 Section 5.11. Permitted Withdrawals from Escrow Account.............................................55...................69

Option to Substitute. 41 33 ARTICLE IV THE CERTIFICATES.................................................................................................42 ..............................................................................34 Section 4.01. The Certificates......................................................................42 .................................................................34 Section 4.02. Registration of Transfer and Exchange of Certificates.................................44 ............................35 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................47 ................................38 Section 4.04. Persons Deemed Owners.................................................................48 ............................................................39 Section 4.05. Appointment of Paying AgentAgent and Certificate Registrar; Certificate Account......................................48 .......39 Section 4.06. Authenticating Agents.................................................................49 ............................................................40 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS...................................................................50 ................................................41 Section 5.01. Servicer to Service Mortgage Loans....................................................50 ...............................................41 Section 5.02. Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations.........................................................51 ....................................................42 Section 5.03. Successor Sub-Servicers...............................................................51 ..........................................................42 Section 5.04. Liability of the Servicer.............................................................51 ........................................................42 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders....................................................................51 ...............................................................42 Section 5.06. Termination of Sub-Servicing Agreement................................................52 ...........................................43 Section 5.07. Collection of Mortgage Loan Payments..................................................52 .............................................43 Section 5.08. Establishment of Collection Account; Deposit in Collection Account....................52 ...............43 Section 5.09. Permitted Withdrawals from the Collection Account.....................................53 ................................44 Section 5.10. Establishment of Escrow Account; Deposits in Escrow Account...........................54 ......................45 Section 5.11. Permitted Withdrawals from Escrow Account.............................................55........................................45 Section 5.12. Payment of Taxes, Insurance and Other Charges....................................46

Option to Substitute. 41 40 ARTICLE IV THE CERTIFICATES.................................................................................................42 ........................................................................................41 Section 4.01. The Certificates......................................................................42 41 Section 4.02. Registration of Transfer and Exchange of Certificates.................................44 43 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................47 46 Section 4.04. Persons Deemed Owners.................................................................48 46 Section 4.05. Appointment of Paying Agent; Certificate Account......................................48 46 Section 4.06. Authenticating Agents.................................................................49 47 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS...................................................................50 ..........................................................48 Section 5.01. Servicer to Service Mortgage Loans....................................................50 48 Section 5.02. Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations.........................................................51 .............................................49 Section 5.03. Successor Sub-Servicers...............................................................51 49 Section 5.04. Liability of the Servicer.............................................................51 49 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders....................................................................51 49 Section 5.06. Termination of Sub-Servicing Agreement................................................52 50 Section 5.07. Collection of Mortgage Loan Payments..................................................52 50 Section 5.08. Establishment of Collection Account; Deposit in Collection Account....................52 50 Section 5.09. Permitted Withdrawals from the Collection Account.....................................53 51 Section 5.10. Establishment of Escrow Account; Deposits in Escrow Account...........................54 52 Section 5.11. Permitted Withdrawals from Escrow Account.............................................5552