Common use of Option to Substitute Clause in Contracts

Option to Substitute. 57 ARTICLE IV THE CERTIFICATES........................................................................................58 Section 4.01. The Certificates......................................................................58 Section 4.02. Registration of Transfer and Exchange of Certificates.................................60 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................64 Section 4.04. Persons Deemed Owners.................................................................64 Section 4.05. Appointment of Paying Agent; Certificate Account......................................64 Section 4.06. Authenticating Agents.................................................................65 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS..........................................................66 Section 5.01. Servicers to Service Mortgage Loans...................................................66 Section 5.02. Sub-Servicing Agreements Between Servicers and Sub-Servicers; Enforcement of Sub-Servicer's Obligations.............................................67 Section 5.03. Successor Sub-Servicers...............................................................68 Section 5.04. Liability of the Servicers............................................................68 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders....................................................................68 Section 5.06. Termination of Sub-Servicing Agreement................................................68 Section 5.07. Collection of Mortgage Loan Payments..................................................68 Section 5.08. Establishment of Collection Accounts; Deposit in Collection Account...................69

Option to Substitute. 57 40 ARTICLE IV THE CERTIFICATES........................................................................................58 41 Section 4.01. The Certificates......................................................................58 41 Section 4.02. Registration of Transfer and Exchange of Certificates.................................60 43 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................64 46 Section 4.04. Persons Deemed Owners.................................................................64 46 Section 4.05. Appointment of Paying Agent; Certificate Account......................................64 46 Section 4.06. Authenticating Agents.................................................................65 47 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS..........................................................66 48 Section 5.01. Servicers Servicer to Service Mortgage Loans...................................................66 ....................................................48 Section 5.02. Sub-Servicing Agreements Between Servicers Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations.............................................67 49 Section 5.03. Successor Sub-Servicers...............................................................68 49 Section 5.04. Liability of the Servicers............................................................68 Servicer.............................................................49 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders....................................................................68 49 Section 5.06. Termination of Sub-Servicing Agreement................................................68 50 Section 5.07. Collection of Mortgage Loan Payments..................................................68 50 Section 5.08. Establishment of Collection AccountsAccount; Deposit in Collection Account...................69....................50 Section 5.09. Permitted Withdrawals from the Collection Account.....................................51 Section 5.10. Establishment of Escrow Account; Deposits in Escrow Account...........................52 Section 5.11. Permitted Withdrawals from Escrow Account.............................................52

Option to Substitute. 57 41 ARTICLE IV THE CERTIFICATES........................................................................................58 .................................................................................................42 Section 4.01. The Certificates......................................................................58 42 Section 4.02. Registration of Transfer and Exchange of Certificates.................................60 44 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................64 47 Section 4.04. Persons Deemed Owners.................................................................64 48 Section 4.05. Appointment of Paying Agent; Certificate Account......................................64 48 Section 4.06. Authenticating Agents.................................................................65 49 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS..........................................................66 ...................................................................50 Section 5.01. Servicers Servicer to Service Mortgage Loans...................................................66 ....................................................50 Section 5.02. Sub-Servicing Agreements Between Servicers Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations.............................................67 .........................................................51 Section 5.03. Successor Sub-Servicers...............................................................68 51 Section 5.04. Liability of the Servicers............................................................68 Servicer.............................................................51 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders....................................................................68 51 Section 5.06. Termination of Sub-Servicing Agreement................................................68 52 Section 5.07. Collection of Mortgage Loan Payments..................................................68 52 Section 5.08. Establishment of Collection AccountsAccount; Deposit in Collection Account...................69....................52 Section 5.09. Permitted Withdrawals from the Collection Account.....................................53 Section 5.10. Establishment of Escrow Account; Deposits in Escrow Account...........................54 Section 5.11. Permitted Withdrawals from Escrow Account.............................................55

Option to Substitute. 57 42 ARTICLE IV THE CERTIFICATES........................................................................................58 43 Section 4.01. The Certificates......................................................................58 43 Section 4.02. Registration of Transfer and Exchange of Certificates.................................60 45 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................64 48 Section 4.04. Persons Deemed Owners.................................................................64 48 Section 4.05. Appointment of Paying Agent; Certificate Account......................................64 48 Section 4.06. Authenticating Agents.................................................................65 49 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS..........................................................66 50 Section 5.01. Servicers Servicer to Service Mortgage Loans...................................................66 ....................................................50 Section 5.02. Sub-Servicing Agreements Between Servicers Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations.............................................67 ............................................................51 Section 5.03. Successor Sub-Servicers...............................................................68 52 Section 5.04. Liability of the Servicers............................................................68 Servicer.............................................................52 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders....................................................................68 52 Section 5.06. Termination of Sub-Servicing Agreement................................................68 Section 5.07. Collection of Mortgage Loan Payments..................................................68 Section 5.08. Establishment of Collection Accounts; Deposit in Collection Account...................6952

Option to Substitute. 57 40 ARTICLE IV THE CERTIFICATES........................................................................................58 .....................................................................................41 Section 4.01. The Certificates......................................................................58 41 Section 4.02. Registration of Transfer and Exchange of Certificates.................................60 43 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................64 46 Section 4.04. Persons Deemed Owners.................................................................64 46 Section 4.05. Appointment of Paying Agent; Certificate Account......................................64 46 Section 4.06. Authenticating Agents.................................................................65 47 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS..........................................................66 .......................................................48 Section 5.01. Servicers Servicer to Service Mortgage Loans...................................................66 ....................................................48 Section 5.02. Sub-Servicing Agreements Between Servicers Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations.............................................67 49 Section 5.03. Successor Sub-Servicers...............................................................68 49 Section 5.04. Liability of the Servicers............................................................68 Servicer.............................................................49 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders....................................................................68 Section 5.06. Termination of Sub-Servicing Agreement................................................68 Section 5.07. Collection of Mortgage Loan Payments..................................................68 Section 5.08. Establishment of Collection Accounts; Deposit in Collection Account...................69..................................................................49

Option to Substitute. 57 33 ARTICLE IV THE CERTIFICATES........................................................................................58 ..............................................................................34 Section 4.01. The Certificates......................................................................58 .................................................................34 Section 4.02. Registration of Transfer and Exchange of Certificates.................................60 ............................35 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................64 ................................38 Section 4.04. Persons Deemed Owners.................................................................64 ............................................................39 Section 4.05. Appointment of Paying AgentAgent and Certificate Registrar; Certificate Account......................................64 .......39 Section 4.06. Authenticating Agents.................................................................65 ............................................................40 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS..........................................................66 ................................................41 Section 5.01. Servicers Servicer to Service Mortgage Loans...................................................66 ...............................................41 Section 5.02. Sub-Servicing Agreements Between Servicers Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations.............................................67 ....................................................42 Section 5.03. Successor Sub-Servicers...............................................................68 ..........................................................42 Section 5.04. Liability of the Servicers............................................................68 Servicer........................................................42 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders....................................................................68 ...............................................................42 Section 5.06. Termination of Sub-Servicing Agreement................................................68 ...........................................43 Section 5.07. Collection of Mortgage Loan Payments..................................................68 .............................................43 Section 5.08. Establishment of Collection AccountsAccount; Deposit in Collection Account...................69...............43 Section 5.09. Permitted Withdrawals from the Collection Account................................44 Section 5.10. Establishment of Escrow Account; Deposits in Escrow Account......................45 Section 5.11. Permitted Withdrawals from Escrow Account........................................45 Section 5.12. Payment of Taxes, Insurance and Other Charges....................................46