Master Servicers responsibility for disbursing the information set forth in subsection (a) of this Section 4.04 to each Holder of a Certificate, the Depositor and other interested parties is limited to the availability, timeliness and the accuracy of the information provided by each Servicer. The Master Servicer will make a copy of each Distribution Date Statement provided pursuant to this Section 4.04 (and, at its option, any additional files containing the same information in an alternative format) available each month to Certificateholders and other interested parties, and other parties to this Agreement via the Master Servicer's internet website, which in the case of Wells Fargo Bank, is located at "www.ctslink.com." In addition, the Pxxxxx Agent shall provide copies xx xxx Xxxxxxxxtion Date Statement and the annual statements required pursuant to Section 4.04(a) to Persons making written requests therefor at its Corporate Trust Office. Assistance in using the internet website can be obtained by calling the Master Servicer's customer service desk, which in the case of Wells Fargo Bank, is at (301) 815-6600. Parties that are unable to usx xxx above distribution xxxxxx xxx xxtitled to have a paper copy mailed to them via first class mail by calling the customer service desk and indicating such. The Master Servicer shall have the right to change the way the Distribution Date Statement is distributed in order to make such distribution more convenient and/or more accessible and the Master Servicer shall provide timely and adequate notification to the Certificateholders and the parties to this Agreement regarding any such changes. The Master Servicer shall also be entitled to rely on but shall not be responsible for the content or accuracy of any information provided by third parties for purposes of preparing the Distribution Date Statement and may affix thereto any disclaimer it deems appropriate in its reasonable discretion (without suggesting liability on the part of any other party hereto).
Master Servicers. Long Beach Mortgage Company and Ameriquest Mortgage Company Trustee: Norwest Bank Minnesota, National Association Issue Date: June 25, 1997 CUSIP: 79548K VL 9
Master Servicers. Long Beach Mortgage Company and Ameriquest Mortgage Company Trustee: Norwest Bank Minnesota, National Association Issue Date: November 25, 1997 CUSIP: 79548K YE 2 ASSET-BACKED CERTIFICATE evidencing a beneficial ownership interest in a Trust Fund (the "Trust Fund") consisting primarily of a pool of conventional, one- to four-family, fixed-rate, first lien mortgage loans (the "Mortgage Loans") formed and sold by SALOMON BROTHERS MORTGAGE SECURITIES VII, INC. THIS CERTIFICATE DOES NOT REPRESENT AN OBLIGATION OF OR INTEREST IN SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., THE MASTER SERVICERS, THE TRUSTEE OR ANY OF THEIR RESPECTIVE AFFILIATES. NEITHER THIS CERTIFICATE NOR THE UNDERLYING MORTGAGE LOANS ARE GUARANTEED BY ANY AGENCY OR INSTRUMENTALITY OF THE UNITED STATES. This certifies that ____________________ is the registered owner of a Percentage Interest (obtained by dividing the denomination of this Certificate by the aggregate Certificate Principal Balance of the Class R-II Certificates as of the Issue Date) in that certain beneficial ownership interest evidenced by all the Class R-II Certificates in REMIC II created pursuant to a Pooling and Servicing Agreement, dated as specified above (the "Agreement"), among Salomon Brothers Mortgage Securities VII, Inc. (hereinafter called the "Depositor," which term includes any successor entity under the Agreement), the Master Servicers and the Trustee, a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, distributions will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (a "Distribution Date"), commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the last Business Day of the month immediately preceding the month of such distribution (the "Record Date"), in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the amount required to be distributed to the Holders of Class R-II Certificates on such Distribution Date pursuant to t...
Examples of Master Servicers in a sentence
The Trustee, its designee or the successor servicer for the Trustee shall be deemed to have assumed all of the Master Servicer's interest therein and to have replaced the Master Servicer as a party to the Subservicing Agreement to the same extent as if the Subservicing Agreement had been assigned to the assuming party except that the Master Servicer shall not thereby be relieved of any liability or obligations under the Subservicing Agreement.
No such resignation by the Master Servicer shall become effective until the Trustee or a successor servicer shall have assumed the Master Servicer's responsibilities and obligations in accordance with Section 7.02.
No such resignation shall become effective until the Trustee or a successor master servicer shall have assumed the Master Servicer's responsibilities, duties, liabilities and obligations hereunder.
Pursuant to Section 3.07, any amounts collected by the Master Servicer under any such policies (other than amounts to be applied to the restoration or repair of the related Mortgaged Property or property thus acquired or amounts released to the Mortgagor in accordance with the Master Servicer's normal servicing procedures) shall be deposited in the Custodial Account, subject to withdrawal pursuant to Section 3.10.
The Master Servicer, at its expense, shall maintain in effect a blanket fidelity bond and an errors and omissions insurance policy, affording coverage with respect to all directors, officers, employees and other Persons acting on such Master Servicer's behalf, and covering errors and omissions in the performance of the Master Servicer's obligations hereunder.
More Definitions of Master Servicers
Master Servicers. Ameriquest Mortgage Company ("Ameriquest") or any successor master servicer appointed as herein provided, in its capacity as Master Servicer hereunder with respect to the Mortgage Loans identified on Part A and Part B of Schedule 1 hereto and the Prepayment Charges identified on Part A of Schedule 2 and the Prepayment Charges identified on Schedule 3, Long Beach Mortgage Company ("Long Beach") or any successor master servicer appointed as herein provided, in its capacity as Master Servicer hereunder with respect to the Mortgage Loans identified on Part C of Schedule 1 hereto and the Prepayment Charges identified on Part B of Schedule 2, Ocwen Federal Bank FSB ("Ocwen") or any successor master servicer appointed as herein provided, in its capacity as Master Servicer hereunder with respect to the
Master Servicers. Ameriquest Mortgage Company ("Ameriquest") or any successor master servicer appointed as herein provided, in its capacity as Master Servicer hereunder with respect to the Mortgage Loans sold by it in its capacity as Originator to the Seller pursuant to the Mortgage Loan Purchase Agreement, and Long Beach Mortgage Company ("Long Beach") or any successor master servicer appointed as herein provided, in its capacity as Master Servicer hereunder with respect to the Mortgage Loans sold by it in its capacity as Originator to
Master Servicers. Ameriquest Mortgage Company ("Ameriquest") or any successor master servicer appointed as herein provided, in its capacity as Master Servicer hereunder with respect to the Mortgage Loans sold by it in its capacity as Originator to the Seller pursuant to the Mortgage Loan Purchase Agreement, and Long Beach Mortgage Company ("Long Beach") or any successor master servicer appointed as herein provided, in its capacity as Master Servicer hereunder with respect to the Mortgage Loans sold by it in its capacity as Originator to the Seller pursuant to the Mortgage Loan Purchase Agreement. References to "related Master Servicer," "applicable Master Servicer" and similar terms shall mean the Master Servicer only with respect to the Mortgage Loans so sold by it.
Master Servicers. GMAC Commercial Mortgage Corporation. NCB, FSB will act as master servicer with respect the mortgage loans contributed by it and its affiliate, National Consumer Cooperative Bank. Primary Servicers: Summit Investment Partners, Inc. with respect to those mortgage loans sold to the trust by The Union Central Life Insurance Company, Prudential Asset Resources, Inc. with respect to those mortgage loans sold to the trust by Prudential Mortgage Capital Funding, LLC, Principal Global Investors, LLC, formerly known as Principal Capital Management, LLC with respect to those mortgage loans sold to the trust by Principal Commercial Funding, LLC and Nationwide Life Insurance Company with respect to those mortgage loans sold to the trust by Nationwide Life Insurance Company.
Master Servicers. Midland Loan Services, Inc., a Delaware corporation, and/or Wachovia Bank, National Association, a national banking association, or any successor Master Servicer appointed as herein provided.
Master Servicers. New Century Mortgage Corporation ("New Century") or any successor Master Servicer appointed as herein provided, in its capacity as Master Servicer hereunder with respect to the Home Equity Loans identified on Part A and Part B of Schedule 1 hereto and the Prepayment Charges identified on Part A and Part B of Schedule 2 and Option One Mortgage Corporation ("Option One") or any successor Master Servicer appointed as herein provided, in its capacity as Master Servicer hereunder with respect to the Home Equity Loans identified on Part C of Schedule 1 hereto and the Prepayment Charges identified on Part C of Schedule 2. References to "related Master Servicer", "applicable Master Servicer" and similar terms shall mean the Master Servicer only with respect to the Home Equity Loans serviced by it.