Shipment of Documents. Written instructions as to the method of shipment and the shipper(s) that the Custodian is directed to utilize in connection with transmission of Mortgage Loan Documents in the performance of the Custodian's duties hereunder shall be delivered by the Sponsor to the Custodian prior to any shipment of any Mortgage Files hereunder. The Sponsor will arrange for the provision of such services at its sole cost and expense (or, at the Custodian's option, reimburse the Custodian for all costs and expenses incurred by the Custodian consistent with such instructions) and will maintain such insurance against loss or damage to Mortgage Files and Mortgage Loan Documents as it deems appropriate. Without limiting the generality of the provisions of Section 20 above, it is expressly agreed that in no event shall the Custodian have any liability for any losses or damages to any person or property, arising out of actions of the Custodian properly taken pursuant to instructions of the Trustee.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A3)
Shipment of Documents. Written instructions as to the method of shipment and the shipper(s) that the Custodian is directed to utilize in connection with transmission of Mortgage Loan Documents in the performance of the Custodian's ’s duties hereunder shall be delivered by the Sponsor Depositor to the Custodian prior to any shipment of any Mortgage Files Loan Documents hereunder. The Sponsor Seller will arrange for the provision of such services at its sole cost and expense (or, at the Custodian's ’s option, reimburse the Custodian for all costs and expenses incurred by the Custodian consistent with such instructions) and will maintain such insurance against loss or damage to Mortgage Custodial Files and Mortgage Loan Documents as it the Depositor deems appropriate. Without limiting the generality of the provisions of Section 20 21 above, it is expressly agreed that in no event shall the Custodian have any liability for any losses or damages to any person or property, arising out of actions of the Custodian properly taken pursuant to instructions of the Trustee.
Appears in 1 contract
Samples: Custodial Agreement (Structured Asset Securities Corp)
Shipment of Documents. Written instructions as to the method of shipment and the shipper(s) that the Custodian is directed to utilize in connection with transmission of Mortgage Loan Documents in the performance of the Custodian's ’s duties hereunder shall be delivered by the Sponsor Depositor to the Custodian prior to any shipment of any Mortgage Files Loan Documents hereunder. The Sponsor Seller will arrange for the provision of such services at its sole cost and expense (or, at the Custodian's ’s option, reimburse the Custodian for all costs and expenses incurred by the Custodian consistent with such instructions) and will maintain such insurance against loss or damage to Mortgage Custodial Files and Mortgage Loan Documents as it the Depositor deems appropriate. Without limiting the generality of the provisions of Section 20 above, it is expressly agreed that in no event shall the Custodian have any liability for any losses or damages to any person or property, arising out of actions of the Custodian properly taken pursuant to instructions of the Trustee.
Appears in 1 contract
Samples: Custodial Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-1)
Shipment of Documents. Written instructions as to the method of shipment and the shipper(s) that the Custodian is directed to utilize in connection with transmission of Mortgage Loan Documents in the performance of the Custodian's ’s duties hereunder shall be delivered by the Sponsor Depositor to the Custodian prior to any shipment of any Mortgage Files Loan Documents hereunder. The Sponsor Seller will arrange for the provision of such services at its sole cost and expense (or, at the Custodian's ’s option, reimburse the Custodian for all costs and expenses incurred by the Custodian consistent with such instructions) and will maintain such insurance against loss or damage to Mortgage Custodial Files and Mortgage Loan Documents as it the Depositor deems appropriate. Without limiting the generality of the provisions of Section 20 abovehereof, it is expressly agreed that in no event shall the Custodian have any liability for any losses or damages to any person or property, arising out of actions of the Custodian properly taken pursuant to instructions of the Indenture Trustee.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (NYMT Securities CORP)