Common use of THE COMPANY AND THE MASTER SERVICER Clause in Contracts

THE COMPANY AND THE MASTER SERVICER. Section 6.01 Respective Liabilities of the Company and Master Servicer. (See Section 6.01 of the Standard Terms.) Section 6.02 Merger or Consolidation of the Company or Master Servicer; Assignment of Rights and Delegation of Duties by the Master Servicer. (a) (See Section 6.02(a) of the Standard Terms). (b) Any Person into which the Company or the Master Servicer may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Company or the Master Servicer shall be a party, or any Person succeeding to the business of the Company or the Master Servicer, shall be the successor of the Company or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything in this Section 6.02(b) to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to service mortgage loans on behalf of Xxxxxx Xxx or Xxxxxxx Mac; and provided further that each Rating Agency's ratings, if any, of the Senior, Class M or Class B Certificates in effect immediately prior to such merger or consolidation will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from each Rating Agency). (c) (See Section 6.02(c) of the Standard Terms). (d) Notwithstanding anything else in this Section 6.02 to the contrary, the conversion of Residential Funding Corporation's or Residential Accredit Loans, Inc.'s organizational structure from a Delaware corporation to a limited liability company shall not require the consent of any party or notice to any party and shall not in any way affect the rights or obligations of Residential Funding Corporation or Residential Accredit Loans, Inc. hereunder. Section 6.03 Limitation on Liability of the Company, Master Servicer and Others. (See Section 6.03 of the Standard Terms.) Section 6.04 Company and Master Servicer Not to Resign. (See Section 6.04 of the Standard Terms.)

THE COMPANY AND THE MASTER SERVICER. Section 6.01 Respective Liabilities of the Company and Master Servicer. (See Section 6.01 of the Standard Terms.) Section 6.02 Merger or Consolidation of the Company or Master Servicer; Assignment of Rights and Delegation of Duties by the Master Servicer. (a) (See Section 6.02(a) of the Standard Terms). (b) Any Person into which the Company or the Master Servicer may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Company or the Master Servicer shall be a party, or any Person succeeding to the business of the Company or the Master Servicer, shall be the successor of the Company or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything in this Section 6.02(b) to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to service mortgage loans on behalf of Xxxxxx Xxx or Xxxxxxx Mac; and provided further that each Rating Agency's ’s ratings, if any, of the Senior, Class M or Class B Certificates in effect immediately prior to such merger or consolidation will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from each Rating Agency). (c) (See Section 6.02(c) of the Standard Terms). (d) Notwithstanding anything else in this Section 6.02 to the contrary, the conversion of Residential Funding Corporation's ’s or Residential Accredit Loans, Inc.'s ’s organizational structure from a Delaware corporation to a limited liability company shall not require the consent of any party or notice to any party and shall not in any way affect the rights or obligations of Residential Funding Corporation or Residential Accredit Loans, Inc. hereunder. Section 6.03 Limitation on Liability of the Company, Master Servicer and Others. (See Section 6.03 of the Standard Terms.) Section 6.04 Company and Master Servicer Not to Resign. (See Section 6.04 of the Standard Terms.)

THE COMPANY AND THE MASTER SERVICER. Section 6.01 Respective Liabilities of the Company and Master Servicer. (See Section 6.01 of the Standard Terms.) Section 6.02 Merger or Consolidation of the Company or Master Servicer; Assignment of Rights and Delegation of Duties by the Master Servicer. (a) (See Section 6.02(a) of the Standard Terms). (b) Any Person into which the Company or the Master Servicer may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Company or the Master Servicer shall be a party, or any Person succeeding to the business of the Company or the Master Servicer, shall be the successor of the Company or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything in this Section 6.02(b) to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to service mortgage loans on behalf of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac; and provided further that each Rating Agency's ratings, if anyxxx, of the Seniorox xhe Sxxxxx, Class M or Class B Certificates in effect immediately prior to such merger or consolidation will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from each Rating Agency). (c) (See Section 6.02(c) of the Standard Terms). (d) Notwithstanding anything else in this Section 6.02 to the contrary, the conversion of Residential Funding Corporation's or Residential Accredit Loans, Inc.'s organizational structure from a Delaware corporation to a limited liability company shall not require the consent of any party or notice to any party and shall not in any way affect the rights or obligations of Residential Funding Corporation or Residential Accredit Loans, Inc. hereunder. Section 6.03 Limitation on Liability of the Company, Master Servicer and Others. (See Section 6.03 of the Standard Terms.) Section 6.04 Company and Master Servicer Not to Resign. (See Section 6.04 of the Standard Terms.)

THE COMPANY AND THE MASTER SERVICER. Section 6.01 Respective Liabilities of the Company and Master Servicer. (See Section 6.01 of the Standard Terms.) Section 6.02 Merger or Consolidation of the Company or Master Servicer; Assignment of Rights and Delegation of Duties by the Master Servicer. (a) (See Section 6.02(a) of the Standard Terms). (b) Any Person into which the Company or the Master Servicer may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Company or the Master Servicer shall be a party, or any Person succeeding to the business of the Company or the Master Servicer, shall be the successor of the Company or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything in this Section 6.02(b) to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to service mortgage loans on behalf of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac; and provided further that each Rating Agency's ratings, if any, of the SeniorXxxxxx, Class M or Class Xlass X xx Xlass B Certificates in effect immediately prior to such merger or consolidation will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from each Rating Agency). (c) (See Section 6.02(c) of the Standard Terms). (d) Notwithstanding anything else in this Section 6.02 to the contrary, the conversion of Residential Funding Corporation's or Residential Accredit Loans, Inc.'s organizational structure from a Delaware corporation to a limited liability company shall not require the consent of any party or notice to any party and shall not in any way affect the rights or obligations of Residential Funding Corporation or Residential Accredit Loans, Inc. hereunder. Section 6.03 Limitation on Liability of the Company, Master Servicer and Others. (See Section 6.03 of the Standard Terms.) Section 6.04 Company and Master Servicer Not to Resign. (See Section 6.04 of the Standard Terms.)

THE COMPANY AND THE MASTER SERVICER. Section 6.01 Respective Liabilities of the Company and Master Servicer. (See Section 6.01 of the Standard Terms.) Section 6.02 Merger or Consolidation of the Company or Master Servicer; Assignment of Rights and Delegation of Duties by the Master Servicer. (a) (See Section 6.02(a) of the Standard Terms). (b) Any Person into which the Company or the Master Servicer may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Company or the Master Servicer shall be a party, or any Person succeeding to the business of the Company or the Master Servicer, shall be the successor of the Company or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything in this Section 6.02(b) to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to service mortgage loans on behalf of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac; and provided further that each Rating Agency's ratingsratxxxx, if any, of the xx xxx Senior, Class M or Class B Certificates in effect immediately prior to such merger or consolidation will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from each Rating Agency). (c) (See Section 6.02(c) of the Standard Terms). (d) Notwithstanding anything else in this Section 6.02 to the contrary, the conversion of Residential Funding Corporation's or Residential Accredit Loans, Inc.'s organizational structure from a Delaware corporation to a limited liability company shall not require the consent of any party or notice to any party and shall not in any way affect the rights or obligations of Residential Funding Corporation or Residential Accredit Loans, Inc. hereunder. Section 6.03 Limitation on Liability of the Company, Master Servicer and Others. (See Section 6.03 of the Standard Terms.) Section 6.04 Company and Master Servicer Not to Resign. (See Section 6.04 of the Standard Terms.)

THE COMPANY AND THE MASTER SERVICER. Section 6.01 6.01. Respective Liabilities of the Company and Master Servicer. (See Section 6.01 of the Standard Terms.) Section 6.02 6.02. Merger or Consolidation of the Company or Master Servicer; Assignment of Rights and Delegation of Duties by the Master Servicer.. ( (a) (See Section 6.02(a6.08(a) of the Standard Terms.). (b) Any Person into which the Company Depositor or the Master Servicer may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Company Depositor or the Master Servicer shall be a party, or any Person succeeding to the business of the Company Depositor or the Master Servicer, shall be the successor of the Company Depositor or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything in this Section 6.02(b) to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to service mortgage loans on behalf of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac; and provided further that each Rating Agency's ’s ratings, if any, of the Senior, any Class of Class A Certificaxxx xx Xxxss M or Class B Certificates in effect immediately prior to such merger or consolidation will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from each Rating Agency). (c) (See Section 6.02(c6.08(c) of the Standard Terms). (d) Notwithstanding anything else in this Section 6.02 to the contrary, the conversion of Residential Funding Corporation's ’s or Residential Accredit Loans, Inc.'s organizational structure from a Delaware corporation to a limited liability company shall not require the consent of any party or notice to any party and shall not in any way affect the rights or obligations of Residential Funding Corporation or Residential Accredit Loans, Inc. hereunder. Section 6.03 6.03. Limitation on Liability of the Company, Master Servicer and Others. (See Section 6.03 of the Standard Terms.) Section 6.04 6.04. Company and Master Servicer Not to Resign. (See Section 6.04 of the Standard Terms.)

THE COMPANY AND THE MASTER SERVICER. Section 6.01 Respective Liabilities of the Company and Master Servicer. (See Section 6.01 of the Standard Terms.) Section 6.02 Merger or Consolidation of the Company or Master Servicer; Assignment of Rights and Delegation of Duties by the Master Servicer. (a) (See Section 6.02(a) of the Standard Terms). (b) Any Person into which the Company or the Master Servicer may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Company or the Master Servicer shall be a party, or any Person succeeding to the business of the Company or the Master Servicer, shall be the successor of the Company or the Master Servicer, as the case may be, hereunder, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything in this Section 6.02(b) to the contrary notwithstanding; provided, however, that the successor or surviving Person to the Master Servicer shall be qualified to service mortgage loans on behalf of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac; and provided further that each Rating Agency's ratings, if any, of the Seniorthx Xxxxox, Class M or Claxx X xx Class B Certificates in effect immediately prior to such merger or consolidation will not be qualified, reduced or withdrawn as a result thereof (as evidenced by a letter to such effect from each Rating Agency). (c) (See Section 6.02(c) of the Standard Terms). (d) Notwithstanding anything else in this Section 6.02 to the contrary, the conversion of Residential Funding Corporation's or Residential Accredit Loans, Inc.'s organizational structure from a Delaware corporation to a limited liability company shall not require the consent of any party or notice to any party and shall not in any way affect the rights or obligations of Residential Funding Corporation or Residential Accredit Loans, Inc. hereunder. Section 6.03 Limitation on Liability of the Company, Master Servicer and Others. (See Section 6.03 of the Standard Terms.) Section 6.04 Company and Master Servicer Not to Resign. (See Section 6.04 of the Standard Terms.)