Common use of Trustee to set Mortgage Rate Clause in Contracts

Trustee to set Mortgage Rate. If: (a) (Servicer Default): a failure by the Servicer to comply with clause 12.2 results in the occurrence of the Servicer Default referred to in clause 18.1(f); and (b) (No Substitute Servicer Appointed): a Substitute Servicer is not appointed immediately pursuant to clause 18 of this Deed, the Manager must immediately direct the Trustee (in its capacity as Substitute Servicer pursuant to clause 18 of this Deed), and the Trustee must as soon as practicable thereafter comply with such direction, to adjust or maintain the Mortgage Rate (as the case may be) in accordance with clause 12.2 until such time as a Substitute Servicer is appointed in accordance with the Trust Deed. -------------------------------------------------------------------------------- 13. Representations and warranties regarding Mortgage Loans

Trustee to set Mortgage Rate. If: (a) (Servicer Default): a failure by the Servicer to comply with clause 12.2 results in the occurrence of the Servicer Default referred to in clause 18.1(f); and (b) (No Substitute Servicer Appointed): a Substitute Servicer is not appointed immediately pursuant to clause 18 of this Deed, the Manager must immediately direct the Trustee (in its capacity as Substitute Servicer pursuant to clause 18 of this Deed), and the Trustee must as soon as practicable thereafter comply with such direction, to adjust or maintain the Mortgage Rate (as the case may be) in accordance with clause 12.2 until such time as a Substitute Servicer is appointed in accordance with the Trust Deed. -------------------------------------------------------------------------------- 13. Representations and warranties regarding Mortgage Loans--------------------------------------------------------------------------------

Trustee to set Mortgage Rate. If: (a) (Servicer DefaultSERVICER DEFAULT): a failure by the Servicer to comply with clause 12.2 results in the occurrence of the Servicer Default referred to in clause 18.1(f); and (b) (No Substitute Servicer AppointedNO SUBSTITUTE SERVICER APPOINTED): a Substitute Servicer is not appointed immediately pursuant to clause 18 of this Deed, the Manager must immediately direct the Trustee (in its capacity as Substitute Servicer pursuant to clause 18 of this Deed), and the Trustee must as soon as practicable thereafter comply with such direction, to adjust or maintain the Mortgage Rate (as the case may be) in accordance with clause 12.2 until such time as a Substitute Servicer is appointed in accordance with the Trust Deed. -------------------------------------------------------------------------------- 13. Representations and warranties regarding Mortgage LoansREPRESENTATIONS AND WARRANTIES REGARDING MORTGAGE LOANS