Common use of REMIC Administrator Clause in Contracts

REMIC Administrator. Residential Funding Corporation. If Residential Funding Corporation is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as Master Servicer shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this Agreement.

Appears in 37 contracts

Samples: Pooling and Servicing Agreement (RFMSI Series 2006-S5 Trust), Pooling and Servicing Agreement (RALI Series 2006-Qo2 Trust), Pooling and Servicing Agreement (RALI Series 2006-Qo5 Trust)

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REMIC Administrator. Residential Funding Corporation. If Residential Funding Corporation is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as successor Master Servicer shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this Agreement.

Appears in 20 contracts

Samples: Pooling and Servicing Agreement (RASC Series 2006-Ks2 Trust), Pooling and Servicing Agreement (RAMP Series 2006-Rz1 Trust), Pooling and Servicing Agreement (RASC Series 2006-Emx8 Trust)

REMIC Administrator. Residential Funding CorporationCompany, LLC. If Residential Funding Corporation Company, LLC is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as successor Master Servicer shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this Agreement.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (RASC Series 2007-Ks2 Trust), Pooling and Servicing Agreement (RASC Series 2007-Ks3 Trust), Pooling and Servicing Agreement (RASC Series 2006-Ks9 Trust)

REMIC Administrator. Residential Funding Corporation. If , provided that if Residential Funding Corporation is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement Agreement, the Master Servicer Certificate Administrator or Trustee acting as Master Servicer Certificate Administrator shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this Agreement.

Appears in 3 contracts

Samples: Trust Agreement (RFMSI Series 2004-Sr1 Trust), Trust Agreement (Residential Accredit Loans Inc), Trust Agreement (Residential Accredit Loans Inc)

REMIC Administrator. Residential Funding CorporationCompany, LLC. If Residential Funding Corporation Company, LLC is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as Master Servicer successor master servicer shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (RAMP Series 2007-Rs1 Trust), Pooling and Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)

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REMIC Administrator. Residential Funding CorporationCompany, LLC. If Residential Funding Corporation Company, LLC is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as Master Servicer shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (RFMSI Series 2007-S9 Trust), Pooling and Servicing Agreement (Residential Accredit Loans Inc)

REMIC Administrator. Residential Funding Corporation. If Residential Funding Corporation is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as Master Servicer shall appoint a successor REMIC Administrator, acceptable to the Certificate Insurer, subject to assumption of the REMIC Administrator obligations under this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Asset Securities Corp)

REMIC Administrator. Residential Funding Corporation. If Residential Funding Corporation is found by a court of competent jurisdiction to no longer be able to fulfill its obligations as REMIC Administrator under this Agreement the Master Servicer or Trustee acting as successor Master Servicer shall appoint a successor REMIC Administrator, subject to assumption of the REMIC Administrator obligations under this the Indenture and the Trust Agreement.

Appears in 1 contract

Samples: Indenture (RFMSII Series 2006-Hsa2 Trust)

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