Common use of Administration and Servicing of Loan Clause in Contracts

Administration and Servicing of Loan. In administering and servicing the Loan, Lead Lender shall act in its own behalf as to its interest in the Loan and shall act as an independent contractor (and not as an agent or trustee) for the Lender with respect to their respective interests in the Loan. The Lender hereby appoints and authorizes Lead Lender to act for and on behalf of Lender with regard to the Loan, subject to the restrictions set forth in this Agreement. Lead Lender shall utilize its own facilities and equipment and its own employees and other persons authorized under the Loan Documents in the administering and servicing of the Loan, all without cost to the Lender. In its administering and servicing of the Loan, Lead Lender shall perform the following duties (the enumeration of said duties not being intended to limit the duties to be performed by Lead Lender in accordance with the foregoing paragraph) and shall be subject to the following restrictions and shall have the following rights:

Administration and Servicing of Loan. In administering and servicing the Loan, Lead Lender Lenders shall act in its own behalf as to its interest in the Loan and shall act as an independent contractor (and not as an agent or trustee) for the Lender Lenders with respect to their respective interests in the Loan. The Lender Lenders hereby appoints appoint and authorizes authorize Lead Lender Lenders to act for and on behalf of Lender the Lenders with regard to the Loan, subject to the restrictions set forth in this Agreement. Lead Lender Lenders shall utilize its own facilities and equipment and its own employees and other persons authorized under the Loan Documents in the administering and servicing of the LoanLoans, all without cost to the LenderLenders. In its administering and servicing of the Loan, Lead Lender Lenders shall perform the following duties (the enumeration of said duties not being intended to limit the duties to be performed by Lead Lender Lenders in accordance with the foregoing paragraph) and shall be subject to the following restrictions and shall have the following rights:

Administration and Servicing of Loan. In administering and servicing the Loan, Lead Lender Lenders shall act in its own behalf as to its interest in the Loan and shall act as an independent contractor (and not as an agent or trustee) for the Lender Lenders with respect to their respective interests in the Loan. The Lender Lenders hereby appoints appoint and authorizes authorize Lead Lender Lenders to act for and on behalf of Lender the Lenders with regard to the Loan, subject to the restrictions set forth in this Agreement. Agreement Lead Lender Lenders shall utilize its own facilities and equipment and its own employees and other persons authorized under the Loan Documents in the administering and servicing of the LoanLoans, all without cost to the LenderLenders. In its administering and servicing of the Loan, Lead Lender Lenders shall perform the following duties (the enumeration of said duties not being intended to limit the duties to be performed by Lead Lender Lenders in accordance with the foregoing paragraph) and shall be subject to the following restrictions and shall have the following rights:

Administration and Servicing of Loan. In administering and servicing the Loan, Lead Lender Lenders shall act in its their own behalf as to its their interest in the Loan and shall act as an independent contractor (and not as an agent or trustee) for the Lender Lenders with respect to their respective interests in the Loan. The Lender Lenders hereby appoints appoint and authorizes authorize Lead Lender Lenders to act for and on behalf of Lender the Lenders with regard to the Loan, subject to the restrictions set forth in this Agreement. Lead Lender Lenders shall utilize its own facilities and equipment and its own employees and other persons authorized under the Loan Documents in the administering and servicing of the LoanLoans, all without cost to the LenderLenders. In its administering and servicing of the Loan, Lead Lender Lenders shall perform the following duties (the enumeration of said duties not being intended to limit the duties to be performed by Lead Lender Lenders in accordance with the foregoing paragraph) and shall be subject to the following restrictions and shall have the following rights:

Administration and Servicing of Loan. In administering and servicing the Loan, Lead Lender Lenders shall act in its own behalf as to its interest in the Loan and shall act as an independent contractor (and not as an agent or trustee) for the Lender Lenders with respect to their respective interests in the Loan. The Lender lenders hereby appoints appoint and authorizes authorize Lead Lender lenders to act for and on behalf of Lender the Lenders with regard to the Loan, subject to the restrictions set forth in this Agreement. Lead Lender Lenders shall utilize its own facilities and equipment and its own employees and other persons authorized under the Loan Documents in the administering and servicing of the LoanLoans, all without cost to the LenderLenders. In its administering and servicing of the Loan, Lead Lender Lenders shall perform the following duties (the enumeration of said duties not being intended to limit the duties to be performed by Lead Lender Lenders in accordance with the foregoing paragraph) and shall be subject to the following restrictions and shall have the following rights: