Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01
Appears in 6 contracts
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Series 2003-7h), Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Series 2003-7h), Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Series 2003-7h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032002-7H 22H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01
Appears in 6 contracts
Sources: Servicing Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-22h), Servicing Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-22h), Servicing Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-22h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 23H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.019.01 of the Master
Appears in 4 contracts
Sources: Servicing Agreement (Structured Asset Securities Corp), Servicing Agreement (Structured Asset Securities Corp), Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 5H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01
Appears in 3 contracts
Sources: Servicing Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h), Servicing Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h), Servicing Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003LXS 2005-7H 7N Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-7n), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-7n)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and Trust, the SASCO 2003-7H Trust Fund (owner of the "Trust Fund") created pursuant to the Trust AgreementMortgage Loans, shall have the same rights as the Bank, as owner, Purchaser under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund orMaster Servicer, as acting on behalf of the context requires, the Master Servicer acting in its capacity as agent for the Trust FundTrust, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default Default, as provided in Section 9.01Subsection 15.01 of the Servicing Agreement. Notwithstanding anything herein to the contrary, in no event shall the Master Servicer assume any of the obligations of the Purchaser under the Servicing Agreement.
Appears in 2 contracts
Sources: Servicing Agreement (Structured Asset Securities Corp Thorn Mort Sec Tr 2003-3), Servicing Agreement (Structured Asset Mortgage Investments Inc)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003LXS 2005-7H 9N Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Lehman XS Trust Series 2005-9n), Servicing Agreement (Lehman XS Trust Series 2005-9n)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 23 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-23), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-23)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 8 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003LXS 2005-7H 5N Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Lehman XS Trust Series 2005-5n), Servicing Agreement (Lehman XS Trust Series 2005-5n)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 18 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 12H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01this
Appears in 2 contracts
Sources: Servicing Agreement (Structured Asset Securities Corp), Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 12 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003LXS 2006-7H 2N Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Lehman Xs Trust Series 2006-2n), Servicing Agreement (Lehman Xs Trust Series 2006-2n)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 16 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-16), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-16)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 18H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.019.01 of the Master
Appears in 2 contracts
Sources: Servicing Agreement (Structured Asset Securities Corp 2004-18h), Servicing Agreement (Structured Asset Securities Corp 2004-18h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 22 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-22), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-22)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 18 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-18), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-18)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 21 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-21), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-21)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 5 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Lehman Sarm 2005-5), Servicing Agreement (Lehman Sarm 2005-5)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 12H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Asset Securities Corp), Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 20 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 2 contracts
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 5 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, ▇▇▇▇▇▇ Brothers Holdings under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 17A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Seller shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032002-7H 22H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Sale and Servicing Agreement to enforce the obligations of the Servicer under the Master Sale and Servicing Agreement and the term "Initial Owner" or "Owner" as used in the Master Sale and Servicing Agreement in connection with any rights of the Initial Owner or Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-22h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 16XS Trust Fund (the "Trust Fund") created pursuant to the Trust Agreementth▇ ▇▇▇▇▇ ▇▇▇▇▇▇ent, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-16xs)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 37A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, Seller as owner, purchaser under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master such Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Seller shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Mortgage Pass-Through Certificates Series 2003-37a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 19 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, ▇▇▇▇▇▇ Brothers Holdings under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 14 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, Seller as owner, purchaser under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Seller shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 21 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, ▇▇▇▇▇▇ Brothers Holdings under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-21)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 11 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Rate)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2006-7H 2 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-2)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 17 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, ▇▇▇▇▇▇ Brothers Holdings under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-17)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 4 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 18 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Flow Agreement to enforce the obligations of the Servicer under the Master Servicing Flow Agreement and the term "OwnerPurchaser" as used in the Master Servicing Flow Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 5H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Sale and Servicing Agreement to enforce the obligations of the Servicer under the Master Sale and Servicing Agreement and the term "Initial Owner" or "Owner" as used in the Master Sale and Servicing Agreement in connection with any rights of the Initial Owner or Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01its
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 18 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, ▇▇▇▇▇▇ Brothers Holdings under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 12 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 23 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Bank under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 14.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-23)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032002-7H 16A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the ▇▇▇▇▇▇ Brothers Bank, as owner, FSB under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 17 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-17)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 6A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Lehman Brothers Bank, FSB as owner, purchaser under the Master Servicing Agreement to enforce ▇▇ ▇▇▇orce the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Cer Ser 2003-6a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 40A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Flow Agreement to enforce the obligations of the Servicer under the Master Servicing Flow Agreement and the term "OwnerPurchaser" as used in the Master Servicing Flow Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Passthr Certs Ser 2003 40a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 37A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Mortgage Pass-Through Certificates Series 2003-37a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 5H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.019.01 of the Master
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032002-7H 21A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Lehman Brothers Bank, FSB as owner, purchaser under the Master Servicing Agreement to enforce ▇▇ ▇▇force the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-21a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 22A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, Seller as owner, purchaser under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Seller shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 19 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 11 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Flow Agreement to enforce the obligations of the Servicer under the Master Servicing Flow Agreement and the term "OwnerPurchaser" as used in the Master Servicing Flow Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Rate)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 18H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp 2004-18h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 5H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01this
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 22 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Bank under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 14.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-22)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 22A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 12 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-12)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 23H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 17 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Flow Agreement to enforce the obligations of the Servicer under the Master Servicing Flow Agreement and the term "OwnerPurchaser" as used in the Master Servicing Flow Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 14 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 33H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Sale and Servicing Agreement to enforce the obligations of the Servicer under the Master Sale and Servicing Agreement and the term "Initial Owner" or "Owner" as used in the Master Sale and Servicing Agreement in connection with any rights of the Initial Owner or Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Section
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-33h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 18H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, Seller as owner, purchaser under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Seller shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp 2004-18h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 14 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-14)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 40A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Passthr Certs Ser 2003 40a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 12H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.019.01 of the Master
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Sale and Servicing Agreement to enforce the obligations of the Servicer under the Master Sale and Servicing Agreement and the term "Initial Owner" or "Owner" as used in the Master Sale and Servicing Agreement in connection with any rights of the Initial Owner or Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Series 2003-7h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 13 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 2A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Bank shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0111.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cert Se 03 2a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 15 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-15)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 24A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, Seller as owner, purchaser under the Master each Servicing Agreement to enforce the obligations of the Servicer under the Master such Servicing Agreement and the term "OwnerPurchaser" as used in the Master each Servicing Agreement in connection with any rights of the Owner Seller shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003 24a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 1 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Sturctured Asset Securities Corp Mort Pass Thru Ser 2004-1)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032005-7H 11H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01this
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032005-7H 11H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 14 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 1 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 17A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, Seller as owner, purchaser under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Seller shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003LXS 2006-7H 10N Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, ▇▇▇▇▇▇ Brothers Holdings under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Lehman XS Trust Series 2006-10n)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 33H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-33h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032002-7H 27A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Lehman Brothers Bank, FSB as owner, purchaser under the Master Servicing Agreement to enforce ▇▇ ▇▇force the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mortgage Pas THR Cert Se 2002-27a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032002-7H 24 Trust Fund (the "“Trust Fund"”) created pursuant to the Trust Agreement, shall have the same rights as the ▇▇▇▇▇▇ Brothers Bank, as owner, FSB under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "Owner" “Purchaser” as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-24)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 1 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Flow Agreement to enforce the obligations of the Servicer under the Master Servicing Flow Agreement and the term "OwnerPurchaser" as used in the Master Servicing Flow Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Sturctured Asset Securities Corp Mort Pass Thru Ser 2004-1)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 9 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 22A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Seller shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 6 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 11 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 34A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Flow Agreement to enforce the obligations of the Servicer under the Master Servicing Flow Agreement and the term "OwnerPurchaser" as used in the Master Servicing Flow Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-34a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 1 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Sturctured Asset Securities Corp Mort Pass Thru Ser 2004-1)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 15A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, Seller as owner, purchaser under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "OwnerPurchaser" as used in the Master Servicing Agreement in connection with any rights of the Owner Seller shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032002-7H 21A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Lehman Brothers Bank, as owner, FSB under the Master Servicing Agreement MLSSA to enforce the obligations of the ▇▇ ▇▇e Servicer under the Master Servicing Agreement MLSSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-21a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 18H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp 2004-18h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032002-7H 23XS Trust Fund (the "“Trust Fund"”) created pursuant to the Trust Agreement, shall have the same rights as the ▇▇▇▇▇▇ Brothers Bank, as owner, FSB under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "Owner" “Purchaser” as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp Mor Pa Th Ce Se 2002 23xs)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H 24A Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003 24a)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 20 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-20)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032002-7H 19 Trust Fund (the "“Trust Fund"”) created pursuant to the Trust Agreement, shall have the same rights as the ▇▇▇▇▇▇ Brothers Bank, as owner, FSB under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "Owner" “Purchaser” as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context content requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Co Mor Pass-THR Cer Ser 2002-19)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 7 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-7)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 17 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Flow Agreement to enforce the obligations of the Servicer under the Master Servicing Flow Agreement and the term "OwnerPurchaser" as used in the Master Servicing Flow Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-17)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 2 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Flow Agreement to enforce the obligations of the Servicer under the Master Servicing Flow Agreement and the term "OwnerPurchaser" as used in the Master Servicing Flow Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 14 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, ▇▇▇▇▇▇ Brothers Holdings under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 20032004-7H 18H Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the BankSeller, as owner, under the Master Servicing Agreement to enforce the obligations of the Servicer under the Master Servicing Agreement and the term "Owner" as used in the Master Servicing Agreement in connection with any rights of the Owner shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01of
Appears in 1 contract
Sources: Servicing Agreement (Structured Asset Securities Corp 2004-18h)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2004-7H 1 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, ▇▇▇▇▇▇ Brothers Holdings under the Master Servicing Agreement MLSSA to enforce the obligations of the Servicer under the Master Servicing Agreement MLSSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement MLSSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Subsection 13.01
Appears in 1 contract
Sources: Servicing Agreement (Sturctured Asset Securities Corp Mort Pass Thru Ser 2004-1)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003SARM 2005-7H 5 Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Flow Agreement to enforce the obligations of the Servicer under the Master Servicing Flow Agreement and the term "OwnerPurchaser" as used in the Master Servicing Flow Agreement in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003LXS 2006-7H 10N Trust Fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Seller under the Master Servicing Agreement SWSA to enforce the obligations of the Servicer under the Master Servicing Agreement SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust Fund, except as otherwise specified in Exhibit A hereto. The Master Servicer shall be entitled to terminate the rights and obligations of the Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.0110.01
Appears in 1 contract
Sources: Servicing Agreement (Lehman XS Trust Series 2006-10n)
Master Servicing; Termination of Servicer. The Servicer, including any successor servicer hereunder, shall be subject to the supervision of the Master Servicer, which Master Servicer shall be obligated to ensure that the Servicer services the Serviced Mortgage Loans in accordance with the provisions of this Agreement. The Master Servicer, acting on behalf of the Trustee and the SASCO 2003-7H Trust Fund trust fund (the "Trust Fund") created pursuant to the Trust Agreement, shall have the same rights as the Bank, as owner, Lehman Capital under the Master Servicing Agreement 5/21/99 SWSA to enforce the obligations of the Servicer th▇ ▇▇▇▇icer under the Master Servicing Agreement 5/21/99 SWSA and the term "OwnerPurchaser" as used in the Master Servicing Agreement 5/21/99 SWSA in connection with any rights of the Owner Purchaser shall refer to the Trust Fund or, as the context requires, the Master Servicer acting in its capacity as agent for the Trust FundServicer, except as otherwise specified in Exhibit A hereto. The Master Servicer Servicer, with the prior consent of Freddie Mac, shall be entitled to terminate the rights and obligations of the ▇▇ ▇▇▇ Servicer under this Agreement upon the failure of the Servicer to perform any of its obligations under this Agreement, which failure results in an Event of Default as provided in Section 9.01Article X of the 5/21/99
Appears in 1 contract
Sources: Reconstituted Servicing Agreement (Amortizing Resi Collateral Tr Mor Pas Thru Cert Ser 2000-Bc3)