Trustee To Act Solely. with Consent of the Certificate ----------------------------------------------------- Insurer. Unless a Certificate Insurer Default exists, the Trustee shall not, ------- without the Certificate Insurer's consent or unless directed by the Certificate Insurer: (i) terminate the rights and obligations of the Master Servicer as Master Servicer pursuant to Section 8.01; (ii) agree to any amendment pursuant to Article XI, provided, however, that such consent shall not be unreasonably withheld; or (iii) undertake any litigation. The Certificate Insurer may, in writing delivered to the Trustee and in its sole discretion renounce all or any of its rights under Section 8.05, 8.06 or 8.07 or any requirement for the Certificate Insurer's consent for any period of time.
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Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc Home Eq Ln as Bk Cer Ser 1999-2)
Trustee To Act Solely. with Consent of the Certificate ----------------------------------------------------- Insurer. Unless a Certificate Insurer Default exists, the Trustee shall not, ------- without the Certificate Insurer's consent or unless directed by the Certificate Insurer:
(ia) terminate the rights and obligations of the Master Servicer as Master Servicer pursuant to Section 8.017.01 hereof;
(iib) agree to any amendment pursuant to Article XI, provided, however, that such consent shall not be unreasonably withheldSection 10.03 hereof; or
(iiic) undertake any litigation. The Certificate Insurer may, in writing delivered to the Trustee and in its sole discretion renounce all or any of its rights under Section 8.05Sections 7.04, 8.06 7.05 or 8.07 7.06 or any requirement for the Certificate Insurer's consent for any period of time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)
Trustee To Act Solely. with Consent of the Certificate ----------------------------------------------------- Insurer. Unless a Certificate Insurer Default exists, the Trustee shall not, ------- without the Certificate Insurer's consent or unless directed by the Certificate Insurer:
(ia) terminate the rights and obligations of the Master Servicer as Master Servicer pursuant to Section 8.0110.01 hereof;
(iib) agree to any amendment pursuant to Article XIXIII hereof, provided, however, provided however that such consent shall not be unreasonably withheld; or
(iiic) undertake any litigation. The Certificate Insurer may, in writing delivered to the Trustee and in its sole discretion renounce all or any of its rights under Section 8.05Sections 10.04, 8.06 10.05 or 8.07 10.06 or any requirement for the Certificate Insurer's consent for any period of time.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Funding Corp)
Trustee To Act Solely. with Consent of the Certificate ----------------------------------------------------- Insurer. Unless a Certificate Insurer Default exists, the Trustee shall not, ------- without the Certificate Insurer's consent or unless directed by the Certificate Insurer:
(ia) terminate the rights and obligations of the Master Servicer as Master Servicer pursuant to Section 8.01;
(iib) agree to any amendment pursuant to Article XI, provided, however, -------- ------- that such consent shall not be unreasonably withheld; or
(iiic) undertake any litigation. The Certificate Insurer may, in writing delivered to the Trustee and in its sole discretion renounce all or any of its rights under Section 8.05, 8.06 or 8.07 or any requirement for the Certificate Insurer's consent for any period of time.
Appears in 1 contract
