Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable Servicing Agreement, the related Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator and any NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the related Seller. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
Appears in 5 contracts
Samples: Trust Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3), Trust Agreement (Structured Asset Investment Loan Trust 2003-Bc2), Trust Agreement (Structured Asset Securities Corp)
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable Servicing Agreement, the related Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator and any NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the related Seller. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
Appears in 4 contracts
Samples: Trust Agreement (Structured Asset Inv Loan Mort Pass Thru Cer Ser 2003-Bc7), Trust Agreement (Structured Asset Inv Loan Mort Pass THR Certs Ser 2003-Bc6), Trust Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc9)
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable Servicing Agreement, the related Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator Trustee and any NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the related Seller. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
Appears in 3 contracts
Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc9), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc10), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002-Bc8)
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable Servicing Agreement, the related Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Trust Administrator and any NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the related Seller. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
Appears in 3 contracts
Samples: Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (NYMT Securities CORP)
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable Servicing Agreement, the related Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator and any the NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the related Seller. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
Appears in 2 contracts
Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc2)
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable any Servicing Agreement, the related Seller may appoint, pursuant to the terms of the applicable such Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator Certificate Insurer and any the NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the related Seller. Any fees paid to any such Special Servicer shall not exceed the General Servicing Fee Rate.
Appears in 1 contract
Samples: Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar7)
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable Servicing Agreement, the related Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator and any NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the related SellerSeller from its own funds, without right of reimbursement from the Trust Fund. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
Appears in 1 contract
Samples: Trust Agreement (SASCO Mortgage Pass-Through Certifidates, Series 2005-Wmc1)
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable Servicing Agreement, the related Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, Servicer and the Trustee, the Securities Administrator and any NIMS Insurer, a Special Servicer special servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee termination fee related to the termination of the related Servicer and the appointment of any Special Servicer special servicer shall be paid by the related SellerSeller from its own funds, without right of reimbursement from the Trust Fund. Any fees paid to any such Special Servicer special servicer shall not exceed the related Servicing Fee RateFee.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Securities Corp 2005-S5)
