Common use of Trustee to Act as Servicer Clause in Contracts

Trustee to Act as Servicer. If the Servicer for any reason is no longer the Servicer under this Agreement (including because of the occurrence or existence of an Event of Default or termination by the Depositor), the Trustee or its successor shall assume all of the rights and obligations of the Servicer under this Agreement arising thereafter (except that the Trustee shall not be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, (ii) obligated to make Advances if it is prohibited from doing so by applicable law, (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including repurchases or substitutions pursuant to Section 2.02 or 2.03, (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any assumption shall be subject to Section 7.

Trustee to Act as Servicer. If the Servicer for any reason is no longer the Servicer under this Agreement (including because of the occurrence or existence of an Event of Default or termination by the DepositorDefault), the Trustee or its successor shall assume all of the rights and obligations of the Servicer under this Agreement arising thereafter (except that the Trustee shall not be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, (ii) obligated to make Advances if it is prohibited from doing so by applicable law, (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including repurchases or substitutions pursuant to Section 2.02 or 2.03, (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any assumption shall be subject to Section 7.

Trustee to Act as Servicer. If In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorDefault), except as provided under Section 7.02, the Trustee or its successor shall thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, , (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including including, but not limited to, repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the predecessor Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any such assumption shall be subject to Section 7.

Trustee to Act as Servicer. If In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorDefault), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, , (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including but not limited to repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any such assumption shall be subject to Section 7.

Trustee to Act as Servicer. If In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorDefault), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, ), (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including but not limited to repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any such assumption shall be subject to Section 7.

Trustee to Act as Servicer. If In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorServicer Evaluation Termination Event), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, ), (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including but not limited to repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any such assumption shall be subject to Section 7.

Trustee to Act as Servicer. If In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorDefault), except as provided under Section 7.02, the Trustee or its successor shall thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, , (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including including, but not limited to, repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any such assumption shall be subject to Section 7.

Trustee to Act as Servicer. If (a) In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorDefault), the Trustee or its successor shall shall, subject to the rights of the Depositor to appoint a successor Servicer pursuant to Section 7.02, thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the such predecessor Servicer pursuant to Section 3.10 or any acts or omissions of the such predecessor Servicer hereunder, , (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including but not limited to repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the such Servicer hereunder). Any such assumption shall be subject to Section 77.02.

Trustee to Act as Servicer. If In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorDefault), except as provided under Section 7.02, the Trustee or its successor shall thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, , (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including but not limited to repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any such assumption shall be subject to Section 7.

Trustee to Act as Servicer. If In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence of an Event of Default or termination by the Depositor), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, ), (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including but not limited to repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any such assumption shall be subject to Section 77.02.

Trustee to Act as Servicer. If In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorDefault), the Trustee or its successor shall thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, ), (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including including, but not limited to, repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any such assumption shall be subject to Section 7.

Trustee to Act as Servicer. If the Servicer for any reason is no longer the Servicer under this Agreement (including because of the occurrence or existence of an Event of Default or termination by the Depositor), the Trustee or its successor shall assume all of the rights and obligations of the Servicer under this Agreement arising thereafter (except that the Trustee shall not be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, (ii) obligated to make Advances if it is prohibited from doing so by applicable law, (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including repurchases or substitutions pursuant to Section 2.02 or 2.03, , 52 (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any assumption shall be subject to Section 7.

Trustee to Act as Servicer. If (a) In the event that either Servicer shall for any reason is no longer the be a Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorDefault), the Trustee or its successor shall shall, subject to the rights of the Depositor to appoint a successor servicer pursuant to Section 7.03, thereupon assume all of the rights and obligations of the such Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer such predecessor servicer pursuant to Section 3.10 hereof, or any acts or omissions of the such predecessor Servicer hereunder, , (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including but not limited to repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the such Servicer pursuant to Section 2.03, or or (v) deemed to have made any representations and warranties of the such Servicer hereunder). Any such assumption shall be subject to Section 77.03.

Trustee to Act as Servicer. If In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorDefault), the Trustee or its successor designee shall thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer pursuant to Section 3.10 hereof or any acts or omissions of the predecessor Servicer hereunder, , (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including repurchases or substitutions pursuant to Section 2.02 or 2.03, 2.03 hereof, (iv) responsible for expenses of the Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any assumption shall be subject , including pursuant to Section 7.2.03 or the first paragraph of Section 6.02

Trustee to Act as Servicer. If In the event that the Servicer shall for any reason is no longer be the Servicer under this Agreement hereunder (including because of the occurrence or existence by reason of an Event of Default or termination by the DepositorDefault), except as provided under Section 7.02, the Trustee or its successor shall thereupon assume all of the rights and obligations of the Servicer under this Agreement hereunder arising thereafter (except that the Trustee shall not be be (i) liable for losses of the Servicer pursuant to Section 3.10 or any acts or omissions of the predecessor Servicer hereunder, , (ii) obligated to make Advances if it is prohibited from doing so by applicable law, , (iii) obligated to effectuate repurchases or substitutions of Mortgage Loans hereunder, including including, but not limited to, repurchases or substitutions pursuant to Section 2.02 or 2.03, , (iv) responsible for expenses of the predecessor Servicer pursuant to Section 2.03, or 2.03 or (v) deemed to have made any representations and warranties of the Servicer hereunder). Any assumption shall be subject to Section 7.any