Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable Servicing Agreement, the Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator and any NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the Seller from its own funds, without right of reimbursement from the Trust Fund. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of any Servicing Agreement, the Seller may appoint, pursuant to the terms of such Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee and the NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the Servicer and the appointment of any Special Servicer shall be paid by the Seller. Any fees paid to any such Special Servicer shall not exceed the applicable Servicing Fee Rate.
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable Servicing Agreement, the related Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator and any NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the related Seller. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of any Servicing Agreement, the Seller may appoint, pursuant to the terms of such Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee and the NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the Servicer and the appointment of any Special Servicer shall be paid by the Seller. Any fees paid to any such Special Servicer shall not exceed the applicable Servicing Fee Rate (or, with respect to the GMACM Mortgage Loans, on a monthly basis, the Servicing Fee).
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of any Servicing Agreement, the Seller may appoint, pursuant to the terms of such Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee and the NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the Servicer and the appointment of any Special Servicer shall be paid by the Seller. Any fees paid to any such Special Servicer shall not exceed the applicable Servicing Fee Rate (or, with respect to the Mortgage Loans serviced by GMACM or GreenPoint, on a monthly basis, the Servicing Fee).
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of any Servicing Agreement, the Seller may appoint, pursuant to the terms of such Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee and the NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the Servicer and the appointment of any Special Servicer shall be paid by the Seller. Any fees paid to any such Special Servicer shall not exceed the applicable Servicing Fee Rate (or, with respect to the Mortgage Loans serviced by GreenPoint, on a monthly basis, the Servicing Fee).
Special Servicing of Delinquent Mortgage Loans. (a) If permitted under the terms of the applicable Servicing Agreement, the Class X Certificateholder may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Seller, the Master Servicer, the Trustee and the Guarantor, a Special Servicer to special service any Mortgage Loans which are more than 90 days delinquent. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the Class X Certificateholder. Except as provided under clause (b) below, any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
(b) Under the related Servicing Agreement, in the event a Mortgage Loan becomes greater than 150 days delinquent, Ocwen Federal Bank FSB shall be entitled, in addition to its Servicing Fee, to a one time "special servicing" fee equal to $1,500 for such Mortgage Loan which will be paid in installments of $125 per month over a period of twelve months after amounts payable pursuant to Section 5.02(e)(ix).
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the Servicing Agreement, the Seller may appoint, pursuant to the terms of the Servicing Agreement and with the written consent of the Depositor and the Master Servicer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the Servicer and the appointment of any Special Servicer shall be paid by the Seller from its own funds, without right of reimbursement from the Trust Fund. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the Servicing Agreement, the Seller may appoint, pursuant to the terms of the Servicing Agreement and with the written consent of the Depositor, the Master Servicer and the Trustee, a Special Servicer to special service any Distressed Mortgage Loans. Any appointment of any Special Servicer shall be paid by the Seller from its own funds, without right of reimbursement from the Trust Fund. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate. The Master Servicer shall not be obligated to oversee or supervise, and shall have no liability to the Certificateholders or any other Person with respect to, the servicing of the Mortgage Loans by any Special Servicer.
Special Servicing of Delinquent Mortgage Loans. If permitted under the terms of the applicable Servicing Agreement, the Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee and the NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the Seller. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.
ARTICLE X REMIC ADMINISTRATION
