Common use of Administration and Servicing of Qualified Loans Clause in Contracts

Administration and Servicing of Qualified Loans. (a) The Seller will service the Qualified Loans in the Portfolio using commercially reasonable practices and in substantial compliance with the applicable servicing standards set forth in the sections of Sections 5.01(a) through (f) of the Servicing Agreement pertaining to the servicing of loans and administration of proceeds, except as modified by this Commitment. The Seller may conduct such servicing through the facilities of agents or independent contractors but shall not thereby be released from any of its duties or responsibilities hereunder.

Appears in 2 contracts

Samples: Federal Agricultural Mortgage Corp, National Rural Utilities Cooperative Finance Corp /Dc/

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Administration and Servicing of Qualified Loans. (a) The Seller will service the Qualified Loans in the Portfolio using commercially reasonable practices and in substantial compliance with the applicable servicing standards set forth in the sections of Sections 5.01(a) through (f) Article III of the Servicing Agreement Contract pertaining to the servicing of loans and administration of proceeds, except as modified by this Commitment. The Seller may conduct such servicing through the facilities of agents or independent contractors but shall not thereby be released from any of its duties or responsibilities hereunder.

Appears in 1 contract

Samples: Federal Agricultural Mortgage Corp

Administration and Servicing of Qualified Loans. (a) The Seller will service the Qualified Loans in the Portfolio using commercially reasonable practices and in substantial compliance with no less stringent than those applicable to agricultural mortgage loans serviced under the applicable servicing standards set forth in the sections of Sections 5.01(a) through (f) direction of the Servicing Agreement pertaining to Seller other than the servicing of loans and administration of proceeds, except as modified by this CommitmentQualified Loans. The Seller may conduct such servicing through the facilities of agents or independent contractors but shall not thereby be released from any of its duties or responsibilities hereunder.

Appears in 1 contract

Samples: Federal Agricultural Mortgage Corp

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Administration and Servicing of Qualified Loans. (a) The Seller will shall service the Qualified Loans in the Portfolio using commercially reasonable practices and in substantial compliance with the applicable servicing standards set forth in the sections of Sections 5.01(a) through (f) Article III of the Servicing Agreement Contract pertaining to the servicing of loans and administration of proceeds, except as modified by this Commitment. The Seller may conduct such servicing through the facilities of agents or independent contractors but shall not thereby be released from any of its duties or responsibilities hereunder.

Appears in 1 contract

Samples: Confidential Treatment (Federal Agricultural Mortgage Corp)

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