Common use of No Contractual Relationship Between Sub Clause in Contracts

No Contractual Relationship Between Sub. Servicers and the Trustee, the Trust Administrator, the Master Servicer, the NIMS Insurer or Certificateholders. Any Sub-Servicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Sub-Servicer in its capacity as such shall be deemed to be between the Sub-Servicer and the Servicer alone, and the Trustee, the Master Servicer, the Trust Administrator, the NIMS Insurer and the Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer except as set forth in Section 3.06. The Servicer shall be solely liable for all fees owed by it to any Sub-Servicer, irrespective of whether the Servicer’s compensation pursuant to this Agreement is sufficient to pay such fees.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-He5)

No Contractual Relationship Between Sub. Servicers and the TrusteeNIMS Insurer, the Trust AdministratorCertificate Insurer, the Master Servicer, the NIMS Insurer Trustee or Certificateholders. Any Sub-Servicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Sub-Servicer in its capacity as such shall be deemed to be between the Sub-Servicer and the Master Servicer alone, and the Trustee, the Master ServicerNIMS Insurer, the Trust Administrator, the NIMS Certificate Insurer and the Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer except as set forth in Section 3.06. The Master Servicer shall be solely liable for all fees owed by it to any Sub-Servicer, irrespective of whether the Master Servicer’s 's compensation pursuant to this Agreement is sufficient to pay such feesfees and such fees shall not be an expense of the Trust.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2004-4, Asset-Backed Certs., Series 2004-4)

No Contractual Relationship Between Sub. Servicers and the Trustee, the Trust Administrator, the Master ServicerGuarantor, the NIMS Insurer Insurer, the Trustee or Certificateholders. Any Except with respect to the Special Sub-Servicing Agreement, any Sub-Servicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Sub-Servicer in its capacity as such shall be deemed to be between the Sub-Servicer and the Master Servicer alone, and the Trustee, the Master Servicer, the Trust AdministratorGuarantor, the NIMS Insurer and Insurer, the Trustee or Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer except as set forth in Section 3.06. The Master Servicer shall be solely liable for all fees owed by it to any Sub-Servicer, irrespective of whether the Master Servicer’s 's compensation pursuant to this Agreement is sufficient to pay such fees.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Option One Mortgage Loan Tr Asset Backed Cert Ser 2002-5)

No Contractual Relationship Between Sub. Servicers and the TrusteeNIMS Insurer, the Trust AdministratorCertificate Insurer, the Master Servicer, the NIMS Insurer Trustee or Certificateholders. Any Sub-Servicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Sub-Servicer in its capacity as such shall be deemed to be between the Sub-Servicer and the Master Servicer alone, and the TrusteeNIMS Insurer, the Master ServicerCertificate Insurer, the Trust Administrator, the NIMS Insurer Trustee and the Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer 150 except as set forth in Section 3.066.10. The Master Servicer shall be solely liable for all fees owed by it to any Sub-Servicer, irrespective of whether the Master Servicer’s 's compensation pursuant to this Agreement is sufficient to pay such fees.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Argent Securities Inc Asset-Backed Pass-Through Certificates, Series 2004-W10)

No Contractual Relationship Between Sub. Servicers and the TrusteeNIMS Insurer, the Trust AdministratorCertificate Insurer, the Master ServicerGuarantor, the NIMS Insurer Trustee or Certificateholders. Any Sub-Servicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Sub-Servicer in its capacity as such shall be deemed to be between the Sub-Servicer and the Master Servicer alone, and the Trustee, the Master ServicerNIMS Insurer, the Trust AdministratorCertificate Insurer, the NIMS Insurer Guarantor and the Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer except as set forth in Section 3.06. The Master Servicer shall be solely liable for all fees owed by it to any Sub-Servicer, irrespective of whether the Master Servicer’s 's compensation pursuant to this Agreement is sufficient to pay such feesfees and such fees shall not be an expense of the Trust.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Long Beach Sec Corp Mortgage Loan Trust 2002-4)

No Contractual Relationship Between Sub. Servicers and the TrusteeNIMS Insurer, the Trust AdministratorCertificate Insurer, the Master Servicer, the NIMS Insurer Trustee or Certificateholders. Any Sub-Servicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Sub-Servicer in its capacity as such shall be deemed to be between the Sub-Servicer and the Master Servicer alone, and the TrusteeNIMS Insurer, the Master ServicerCertificate Insurer, the Trust Administrator, the NIMS Insurer Trustee and the Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer except as set forth in Section 3.066.10. The Master Servicer shall be solely liable for all fees owed by it to any Sub-Sub- Servicer, irrespective of whether the Master Servicer’s 's compensation pursuant to this Agreement is sufficient to pay such fees.. 135

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Argent Securities Inc Asset Back Pass THR Certs Ser 2004 W2)

No Contractual Relationship Between Sub. Servicers and the NIMS Insurer, the Certificate Insurer, the Guarantor, the Trustee, the Trust Administrator, the Master Servicer, the NIMS Insurer Administrator or Certificateholders. Any Sub-Servicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Sub-Servicer in its capacity as such shall be deemed to be between the Sub-Servicer and the Master Servicer alone, and the Trustee, the Master Servicer, the Trust Administrator, the Trustee, the NIMS Insurer Insurer, the Certificate Insurer, the Guarantor and the Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Sub-Servicer except as set forth in Section 3.06. The Master Servicer shall be solely liable for all fees owed by it to any Sub-Servicer, irrespective of whether the Master Servicer’s 's compensation pursuant to this Agreement is sufficient to pay such feesfees and such fees shall not be an expense of the Trust.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Long Beach Sec Corp Asset Backed Cert Ser 2002 3)