Servicer Liability. The transferor of servicing shall be liable to the Master Servicer and the Trustee for any servicing obligation violations that occur before, during, and up to and including the day the portfolio is actually transferred. The transferee of servicing shall be liable for any breach of servicing obligations that occurs after the transfer of the servicing portfolio.
Servicer Liability. 19.1.4. Master Servicer's Determination.............................
Servicer Liability. Servicer shall be liable in accordance with this Agreement only to the extent of the obligations specifically undertaken by Servicer in such capacity herein and as set forth herein.
Servicer Liability. In the event the Certificateholders fail to pay all or any portion of any fees, expenses or indemnification amounts to the Owner Trustee or the Trust Paying Agent for which they are liable under this Article VIII, the Servicer shall pay such amounts to the Owner Trustee or the Trust Paying Agent, as the case may be, promptly after receipt of an invoice therefor from the party entitled thereto.
Servicer Liability. Servicer hereby acknowledges that despite any delegation of the servicing duties hereunder to Ocwen, Servicer shall remain obligated and primarily liable under the terms of the Subject Servicing Agreements for the servicing and administration of the Mortgage Loans.
Servicer Liability. Notwithstanding any Subservicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Subservicer or reference to actions taken through a Subservicer or otherwise, the Servicer shall remain obligated and primarily liable to the Grantor Trustee and the Grantor Trust Holder for the servicing and administration of the Home Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such Subservicing Agreements or arrangements or by virtue of indemnification from the Subservicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Home Loans. For purposes of this Agreement, the Servicer shall be deemed to have received payments on Home Loans when the Subservicer has actually received such payments and, unless the context otherwise requires, references in this Agreement to actions taken or to be taken by the Servicer in servicing the Home Loans include actions taken or to be taken by a Subservicer on behalf of the Servicer. The Servicer shall be entitled to enter into any agreement with a Subservicer for indemnification of the Servicer by such Subservicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.
Servicer Liability. 44 SECTION 8.6 Limitation on Liability of Servicer and Others . . . . . .44
Servicer Liability. 61 SECTION 8.6 Servicing in Florida...........................................61
Servicer Liability. The Servicer shall be liable in accordance with this Indenture only to the extent of the obligations specifically undertaken by the Servicer in such capacity herein and as set forth herein. The Servicer shall not be under any obligation to appear in, prosecute or defend any legal action which is not incidental to its duties to service the Receivables in accordance with this Indenture, any Supplement or any of the other Transaction Documents to which it is a party, which in its reasonable opinion may involve it in any expense or liability. The Servicer may, in its sole discretion, undertake any such legal action relating to the servicing, collection or administration of Receivables and Related Transferred Assets that it may reasonably deem necessary or appropriate for the benefit of the Noteholders with respect to this Indenture or any of the other Transaction Documents to which it is a party, and the rights and duties of the parties hereto and thereto and the interests of the Noteholders hereunder and thereunder.
