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Common use of Master Servicer to Act; Appointment of Successor Clause in Contracts

Master Servicer to Act; Appointment of Successor.

Appears in 2 contracts

Sources: Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Empire Funding 1999-1), Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998 3)

Related Clauses

  • Indenture Trustee to Act; Appointment of Successor
  • Trustee to Act; Appointment of Successor
  • Trustee or Company to Act; Appointment of Successor
  • Events of Default; Trustee To Act; Appointment of Successor
  • Appointment of Successor Servicer

Parent Clauses

  • Default
  • Maintenance of Office or Agency
  • Option to Purchase Defaulted Mortgage Loans
  • Removal of the Credit Risk Manager
  • Prepayment Penalty Verification

Sub-Clauses

  • Intent of the Parties; Reasonableness
  • Subservicing Agreements
  • Effectiveness of Appointment
  • Successor Servicer Compensation
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