Common use of THE SERVICER AND THE SUPPLEMENTAL SERVICER Clause in Contracts

THE SERVICER AND THE SUPPLEMENTAL SERVICER. SECTION 2.01. Appointment of the Supplemental Servicer; Direction to Trustee. Pursuant to the Pooling Agreements, each Trustee, on behalf of each Trust, hereby appoints the Supplemental Servicer to perform the services set forth in Section 2.02 hereof, which appointment the Supplemental Servicer hereby accepts. The Supplemental Servicer agrees to perform the obligations set forth in Section 2.02 hereof in accordance with the terms set forth herein and in the Pooling Agreements. The Supplemental Servicer undertakes no obligations of the Servicer under the Pooling Agreements other than those expressly set forth in Section 2.02 hereof. Nothing in this Amendment shall relieve the Servicer of its obligations under the Pooling Agreements or in any way limit such obligations. The Depositor hereby directs each Trustee to execute and deliver this Amendment on behalf of each Trust and to notify each Certificateholder entitled to notice in accordance with the terms of the related Pooling Agreement.

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp), Pooling and Servicing Agreement (Contisecurities Asset Funding Corp)

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THE SERVICER AND THE SUPPLEMENTAL SERVICER. SECTION Section 2.01. Appointment of the Supplemental Servicer; Direction to Trustee. Pursuant to the Pooling Agreements, each Trustee, on behalf of each Trust, hereby appoints the Supplemental Servicer to perform the services set forth in Section 2.02 hereof, which appointment the Supplemental Servicer hereby accepts. The Supplemental Servicer agrees to perform the obligations set forth in Section 2.02 hereof in accordance with the terms set forth herein and in the Pooling Agreements. The Supplemental Servicer undertakes no obligations of the Servicer under the Pooling Agreements other than those expressly set forth in Section 2.02 hereof. Nothing in this Amendment shall relieve the Servicer of its obligations under the Pooling Agreements or in any way limit such obligations. The Depositor hereby directs each Trustee to execute and deliver this Amendment on behalf of each Trust and to notify each Certificateholder entitled to notice in accordance with the terms of the related Pooling Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Contimortgage Home Equity Trust 1999-2)

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