Common use of Acceptance and Performance of Duties under Serviced Appointments Clause in Contracts

Acceptance and Performance of Duties under Serviced Appointments. With respect to each Serviced Appointment of Xxxxx Bank, the Bank Assets Purchaser hereby accepts its engagement as Servicer and agrees to perform and discharge all Serviced Duties consistent with the terms hereof. With respect to each Serviced Appointment of Xxxxx Trust Company, the Delaware Trust Assets Purchaser (or the Bank Assets Purchaser, if required by Section 3.3) hereby accepts its engagement as Servicer and agrees to perform and discharge all Serviced Duties consistent with the terms hereof. On the terms and subject to the conditions set forth herein, including Article 8, effective as of the Closing, the Purchasers agree to discharge and perform when due the Assumed Servicing Liabilities.

Appears in 374 contracts

Samples: Servicing Agreement (Benchmark 2021-B30 Mortgage Trust), Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29), Servicing Agreement (Bank 2018-Bnk14)

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