Trustee Advances. Sections 3.04(c) and (d) of the Standard Terms (relating to the Trustee's obligation to make Advances) are deleted in their entirety and references to "or the Trustee" in Section 3.04(e) of the Standard Terms and to "and Trustee" in the heading of Section 3.04 of the Standard Terms are deleted. The Trustee shall not be obligated to make Advances. Notwithstanding anything in the Trust Agreement to the contrary, the Trustee shall not be obligated to pay Month-End Interest under any circumstance, including without limitation, the failure of a Servicer to do so.
Appears in 3 contracts
Samples: Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co)
