Section 3. Trustee's Good Faith Action, Expert Advice, No Bond or Surety................................... 15 Section 4. Insurance..................................................... 15
Section 3. 14 Documents, Records and Funds in Possession of the Master Servicer to be Held for the Trustee.......................................................................54 Section 3.15
Section 3. 10. Issuer May Consolidate, etc., Only on Certain Terms........................................17 SECTION 3.11. Successor or Transferee....................................................................18 SECTION 3.12. No Other Business..........................................................................19 SECTION 3.13. No Borrowing...............................................................................19 SECTION 3.14. Servicer's Obligations.....................................................................19 SECTION 3.15. Guarantees, Loans, Advances and Other Liabilities..........................................19 SECTION 3.16. Capital Expenditures.......................................................................19
Section 3. 10. Issuer May Consolidate, etc., Only on Certain Terms..........................19 Section 3.11. Successor or Transferee......................................................19 Section 3.12.
Section 3. 09. References to the Master Servicer shall not be deemed to be references to the Primary Servicer for purposes of Section 3.09 (other than Section 3.09(g)) of the Pooling and Servicing Agreement.
Section 3. 02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of Subservicers' and Sellers' Obligations.........44
Section 3. 11. Enforcement of Due-On-Sale Clauses; Assumption Agreements........................................... 81 SECTION 3.12. Realization Upon Defaulted Mortgage Loans; Determination of Excess Proceeds..................... 82 SECTION 3.13. Trustee to Cooperate; Release of Mortgage Files...... 86 SECTION 3.14. Documents, Records and Funds in Possession of Servicer to be Held for the Trustee.................. 87 SECTION 3.15.
Section 3. 22. References to the Master Servicer shall not be deemed to be references to the Primary Servicer for purposes of Section 3.22 of the Pooling and Servicing Agreement. Each provision of Section 3.22 of the Pooling and Servicing Agreement shall be enforceable against the Primary Servicer in accordance with the terms thereof to the extent applicable to a Designated Sub-Servicer or Designated Sub-Servicing Agreement. The Primary Servicer may enter into Sub-Servicing Agreements in connection with the Mortgage Loans; provided that each such Sub-Servicing Agreement and Sub-Servicer shall satisfy all requirements and conditions under Section 3.22 of the Pooling and Servicing Agreement applicable to a Sub-Servicing Agreement entered into, and Sub-Servicer retained by, the Master Servicer. Without limiting the foregoing, (i) such Sub-Servicing Agreement must be consistent with this Agreement and the Pooling and Servicing Agreement in all material respects; (ii) such Sub-Servicing Agreement must provide that if the Primary Servicer shall for any reason no longer act in such capacity hereunder, the Master Servicer or its designee or any other successor to the Master Servicer may either assume or terminate such Sub-Servicing Agreement without any termination fee; (iii) such Sub-Servicing Agreement may not be binding on the Master Servicer or successor (unless assumed as contemplated by clause (ii) above) or the Trust; (iv) the Primary Servicer shall deliver to the Master Servicer copies of all Sub-Servicing Agreements, and any amendments thereto and modifications thereof, entered into by it promptly upon its execution and delivery of such documents, (v) as part of its servicing activities hereunder, the Primary Servicer, for the benefit of the Master Servicer shall (at no expense to the Master Servicer) monitor the performance and enforce the obligations of the Sub-Servicer under such Sub-Servicing Agreement; (vi) such Sub-Servicing Agreement prohibits the Sub-Servicer from modifying any Mortgage Loan or commencing any foreclosure or similar proceedings with respect to any Mortgaged Property without the consent of the Master Servicer and, further, prohibits the Sub-Servicer from taking any action that the Primary Servicer would be prohibited from taking hereunder; (vii) the Primary Servicer shall each remain obligated and liable to the Master Servicer for the performance of its obligations and duties under this Agreement in accordance with the provisions hereof to the...
Section 3. 13. Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements; Certain Assignments. (See Section 3.13 of the Standard Terms)...............................................................23 Section 3.14. Realization Upon Defaulted Mortgage Loans. (See Section 3.14 of the Standard Terms)..................................................... 23 Section 3.15. Trustee to Cooperate; Release of Mortgage Files. (See Section 3.15 of the Standard Terms)..............................................23
Section 3. 11. Enforcement of Due-On-Sale Clauses; Assumption Agreements...............................................53 Section 3.12. Realization Upon Defaulted Mortgage Loans................54 Section 3.13. Trustee to Cooperate; Release of Mortgage Files..........56
