Common use of Trustee to Act as Master Servicer Clause in Contracts

Trustee to Act as Master Servicer. If the Master Servicer for any reason is no longer the Master Servicer under this Agreement (including because of the occurrence or existence of an Event of Default), the Trustee or its successor shall assume all of the rights and obligations of the Master Servicer under this Agreement arising thereafter (except that the Trustee shall not be

Appears in 81 contracts

Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (IndyMac INDB Mortgage Loan Trust 2005-1), Pooling and Servicing Agreement (IndyMac RAST 2005-A14)

AutoNDA by SimpleDocs

Trustee to Act as Master Servicer. If the Master Servicer for any reason is no longer the Master Servicer under this Agreement hereunder (including because of the occurrence or existence of an Event of Default), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Master Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be

Appears in 14 contracts

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002 A9), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002-A14j), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002 A11)

Trustee to Act as Master Servicer. If the Master Servicer for any reason is no longer the Master Servicer under this Agreement hereunder (including because of the occurrence or existence of an Event of Default), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Master Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Indymac Abs Inc Home Eq Mort Loan as Back Tr Ser SPMD 2002 B), Pooling and Servicing Agreement (IndyMac ABS Inc. Home Equity Mortgage Loan Asset-Backed Trust, Series SPMD 2004-A), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)

Trustee to Act as Master Servicer. If the Master Servicer for any reason is no longer the Master Servicer under this Agreement (including because of the occurrence or existence of an Event of Default), the Trustee or its successor shall assume all of the rights and obligations of the Master Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Indymac MBS Inc Res Asset Sec Trust 2002-A15), Pooling and Servicing Agreement (Residential Asset Securitization Trust 2003-A6), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002-A16)

Trustee to Act as Master Servicer. If the Master Servicer for any reason is no longer the Master Servicer under this Agreement (including because of the occurrence or existence of an Event of Default), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Master Servicer under this Agreement arising thereafter (except that the Trustee shall not be

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2003-A12), Pooling and Servicing Agreement (Indymac MBS Inc), Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2003-A7)

Trustee to Act as Master Servicer. If the Master Servicer for any reason is no longer the Master Servicer under this Agreement hereunder (including because of the occurrence or existence of an Event of Default), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Master Servicer under this Agreement hereunder arising thereafter (thereafter, except that the Trustee shall not be:

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset Backed Trust Series 2005-A), Pooling and Servicing Agreement (IndyMac ABS, Inc., Home Equity Mortgage Loan Asset Backed Trust, SPMD 2004-B), Pooling and Servicing Agreement (Indymac Home Equity Mortgage Loan Asset-Backed Trust, Series Inabs 2005-B)

Trustee to Act as Master Servicer. If In the event that the Master Servicer shall for any reason is no longer be the Master Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of DefaultDefault or termination by the Depositor), the Trustee or its successor designee shall thereupon assume all of the rights and obligations of the Master Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not bebe (i) liable for losses of the Master Servicer pursuant to Section 3.10 hereof or any acts or omissions of the predecessor

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CWHEQ Home Equity Loan Trust, Series 2007-S2)

Trustee to Act as Master Servicer. If the Master Servicer for any reason is no longer the Master Servicer under this Agreement hereunder (including because of the occurrence or existence of an a Servicer Event of Default), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Master Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac Abs Inc Home Eq Mort Ln Asst Back Tr Ser SPMD 2003-A)

AutoNDA by SimpleDocs

Trustee to Act as Master Servicer. If In the event that the Master Servicer shall for any reason is no longer be the Master Servicer under this Agreement (including because of the occurrence or existence by reason of an Event of DefaultDefault or termination by the Depositor), the Trustee or its successor shall then assume all of the rights and obligations of the Master Servicer under this Agreement arising thereafter (except that the Trustee shall not be

Appears in 1 contract

Samples: Pooling and Servicing Agreement

Trustee to Act as Master Servicer. If In the event that the Master Servicer shall for any reason is no longer be the Master Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Master Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not bethereafter

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)

Trustee to Act as Master Servicer. If the Master Servicer for any reason is no longer the Master Servicer under this Agreement hereunder (including because of the occurrence or existence of an Event of Default), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Master Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not bebe (i) liable for losses of the Master Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Master Servicer hereunder),

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac Inc Home Eq Mort Loan as-BCK Tr Ser SPMD 2001-A)

Trustee to Act as Master Servicer. If In the event that the Master Servicer shall for any reason is no longer be the Master Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Master Servicer under this Agreement arising thereafter (except that the Trustee shall not behereunder arising

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!