Common use of Trustee to Succeed Clause in Contracts

Trustee to Succeed. On or after the effective date of the Master Servicer’s written termination or resignation notice, and until such time as a successor Master Servicer is appointed pursuant to Section 11.2, all authority and power of the Master Servicer under this Trust Agreement will pass to and be vested in the Trustee as provided in Section 11.2. The Trustee is authorized and empowered, as attorney-in-fact or otherwise, to execute and deliver on behalf of and at the expense of the terminated Master Servicer, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination promptly, including actions necessary to complete the transfer and endorsement or assignment of the Mortgage Loans and related Mortgage Documents, or otherwise.

Trustee to Succeed. On or after the effective date of the Master Servicer’s written termination or resignation notice, and until such time as a successor Master Servicer is appointed pursuant to Section 11.2, all authority and power of the Master Servicer under this Trust Agreement will pass to and be vested in the Trustee as provided in Section 11.2. The Trustee is authorized and empowered, as attorney-in-fact or otherwise, to execute and deliver on behalf of and at the expense of the terminated Master Servicer, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination promptly, including actions necessary to complete the transfer and endorsement or assignment of the Mortgage Loans and related Mortgage Documents, or otherwise.otherwise.‌