Common use of Trustee to Retain Possession of Certain Insurance Policies and Documents Clause in Contracts

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee shall retain possession and custody of the originals of the Primary Mortgage Insurance Policies or certificates of insurance, if applicable, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes have been distributed in full and the Master Servicer otherwise has fulfilled its obligations under this Agreement, the Trustee shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause to be delivered to the Trustee upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any certificates of renewal thereof, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer from time to time.

Appears in 18 contracts

Samples: Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-C), Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2007-A), Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-D)

AutoNDA by SimpleDocs

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee shall retain possession and custody of the originals of the Primary Mortgage Insurance Policies or certificates certificate of insurance, insurance if applicable, applicable and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes Certificates have been distributed in full and the Master Servicer otherwise has fulfilled its obligations under this Agreement, the Trustee (or the applicable Custodian) shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause each Servicer to be delivered deliver to the Trustee (or the applicable Custodian), upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any certificates of renewal thereof, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer or any Servicer from time to time.

Appears in 9 contracts

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc9), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002-Bc8)

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee shall retain possession and custody of the originals (to the extent available) of the Primary Mortgage Insurance Policies any primary mortgage insurance policies, or certificates certificate of insurance, insurance if applicable, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes Certificates have been distributed in full and the Master Servicer and the Servicer have otherwise has fulfilled its their respective obligations under this Agreement, the Trustee shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause to be delivered to the Trustee Trustee, upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any primary mortgage insurance policies, any certificates of renewal thereofrenewal, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer from time to time.

Appears in 8 contracts

Samples: Pooling and Servicing Agreement (Ownit Mortgage Loan Trust, Series 2005-5), Pooling and Servicing Agreement (Ownit Mortgage Loan Trust, Series 2005-4), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee shall retain possession and custody of the originals (to the extent available) of the Primary Mortgage Insurance Policies any primary mortgage insurance policies, or certificates certificate of insurance, insurance if applicable, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes have Certificates has been distributed in full and the Master Servicer and the Servicer have otherwise has fulfilled its their respective obligations under this Agreement, the Trustee shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause to be delivered to the Trustee Trustee, upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any primary mortgage insurance policies, any certificates of renewal thereofrenewal, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer from time to time.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2005-Sl1), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee , shall retain possession and custody of the originals (to the extent available) of the Primary Mortgage Insurance Policies any primary mortgage insurance policies, or certificates certificate of insurance, insurance if applicable, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes have Certificates has been distributed in full and the Master Servicer and the Servicer have otherwise has fulfilled its their respective obligations under this Agreement, the Trustee shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause to be delivered to the Trustee Trustee, upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any primary mortgage insurance policies, any certificates of renewal thereofrenewal, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer from time to time.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors, Inc. Series 2004-FFC), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Custodian on behalf of the Trustee shall retain possession and custody of the originals of the Primary Mortgage Insurance Policies or certificates certificate of insurance, insurance if applicable, applicable and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes Certificates have been distributed in full and the Master Servicer otherwise has fulfilled its obligations under this Agreement, the Trustee Custodian shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause the Servicer to be delivered deliver to the Trustee Custodian, upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any certificates of renewal thereof, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer or the Servicer from time to time.

Appears in 1 contract

Samples: Trust Agreement (First Franklin Mortgage Loan Trust 2006-Ff10)

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee shall retain possession and custody of the originals of the Primary Mortgage Insurance Policies or certificates certificate of insurance, insurance if applicable, applicable and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes Certificates have been distributed in full and the Master Servicer otherwise has fulfilled its obligations under this Agreement, the Trustee (or the Custodian) shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause the Servicer to be delivered deliver to the Trustee (or the Custodian), upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any certificates of renewal thereof, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer or the Servicer from time to time.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Ff3)

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee , shall retain possession and custody of the originals (to the extent available) of the Primary Mortgage Insurance Policies any primary mortgage insurance policies, or certificates certificate of insurance, insurance if applicable, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes have Certificates has been distributed in full and the Master Servicer and the Interim Servicers have otherwise has fulfilled its their respective obligations under this Agreement, the Trustee Securities Administrator shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause to be delivered to the Trustee Trustee, upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any primary mortgage insurance policies, any certificates of renewal thereofrenewal, and such other documents or instruments that constitute portions of the Mortgage File Loan Documents that come into the possession of the Master Servicer from time to time.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Asst Back Certs Ser 2003-5sl)

AutoNDA by SimpleDocs

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee shall retain possession and custody of the originals of the Primary Mortgage Insurance Policies or certificates certificate of insurance, insurance if applicable, applicable and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes Certificates have been distributed in full and the Master Servicer otherwise has fulfilled its obligations under this Agreement, the Trustee (or the applicable Custodian) shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause each Servicer to be delivered deliver to the Trustee (or the applicable Custodian), upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any certificates of renewal thereof, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer or any Servicer from time to time. Section 9.20 [Reserved].

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3)

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee Trustee, shall retain possession and custody of the originals (to the extent available) of the Primary Mortgage Insurance Policies any primary mortgage insurance policies, or certificates certificate of insurance, insurance if applicable, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes have Certificates has been distributed in full and the Master Servicer and the Interim Servicers have otherwise has fulfilled its their respective obligations under this Agreement, the Trustee shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause to be delivered to the Trustee Custodian, upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any primary mortgage insurance policies, any certificates of renewal thereofrenewal, and such other documents or instruments that constitute portions of the Mortgage File Loan Documents that come into the possession of the Master Servicer from time to time.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mort Inv Inc Terwin Series TMTS 2003-2he)

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee shall retain possession and custody of the originals (to the extent available) of the Primary Mortgage Insurance Policies any primary mortgage insurance policies, or certificates certificate of insurance, insurance if applicable, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes have Certificates has been distributed in full and the Master Servicer and the Servicers have otherwise has fulfilled its their respective obligations under this Agreement, the Trustee shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause to be delivered to the Trustee Trustee, upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any primary mortgage insurance policies, any certificates of renewal thereofrenewal, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer from time to time.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2005-Sl2)

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee shall retain possession and custody of the originals of the Primary Mortgage Insurance Policies or certificates certificate of insurance, insurance if applicable, applicable and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable in respect of the Mortgage Notes Certificates have been distributed in full and the Master Servicer otherwise has fulfilled its obligations under this Agreementfull, the Trustee (or the custodian as directed by the Trustee) shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause to be delivered to the Trustee (or the Custodian, if any, as directed by the Trustee), upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies and any certificates of renewal thereof, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer from time to time.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mor Pas THR Cer Sr 2001-Bc4)

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee (or the Custodian on behalf of the Trustee) shall retain possession and custody of the originals of the Primary Mortgage Insurance Policies primary mortgage insurance policies or certificates certificate of insurance, insurance if applicable, applicable and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by this Agreement. Until all amounts distributable payable in respect of the Mortgage Notes Certificates have been distributed paid in full and the Master Servicer otherwise has fulfilled its obligations under this Agreementfull, the Trustee (or the Custodian) shall also retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions of this Agreement. The Master Servicer shall promptly deliver or cause the Servicers to be delivered deliver to the Trustee (or the Custodian), upon the execution or receipt thereof the originals of the Primary Mortgage Insurance Policies primary mortgage insurance policies and any certificates of renewal thereof, and such other documents or instruments that constitute portions of the Mortgage File that come into the possession of the Master Servicer or the Servicers or Subservicer from time to time.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (NYMT Securities CORP)

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