Common use of Administrator as Custodian Clause in Contracts

Administrator as Custodian. To reduce administrative costs, the Administrator will act as custodian for the benefit of the Noteholders of the following documents relating to each Receivable: (i) a copy of the related Designated Servicing Agreement and each amendment and modification thereto; (ii) any documents other than those identified in Section 2.2(a) received from or made available by the related MBS Trustee, Servicer, securities administrator or other similar party in respect of such Receivable; and (iii) any and all other documents that the Issuer, the Servicer or the Receivables Seller, as the case may be, shall keep on file, in accordance with its customary procedures, relating to such Receivable or the related Mortgage Pool or Servicing Agreement.

Administrator as Custodian. To reduce administrative costs, the Administrator will act as custodian for the benefit of the Noteholders of the following documents relating to each Receivable: (i) a copy of the related Designated Servicing Agreement and each amendment and modification thereto; (ii) any documents other than those identified in Section 2.2(a) received from or made available by the related MBS Trustee, Servicer, securities administrator or other similar party in respect of such Receivable; and (iii) any and all other documents that the Issuer, the Servicer or the Receivables Seller, as the case may be, shall keep on file, in accordance with its customary procedures, relating to such Receivable or the related Mortgage Pool MBS Trust or Servicing Agreement. In the event the Administrator is terminated or resigns as the Servicer under any Designated Servicing Agreement, it will immediately upon such termination or resignation, as applicable, deliver all documents held by it hereunder to the successor Administrator.

Administrator as Custodian. To reduce administrative costs, the Administrator will act as custodian for the benefit of the Noteholders of the following documents relating to each Receivable: (i) a copy of the related Designated Servicing Agreement and each amendment and modification thereto; (ii) any documents other than those identified in Section 2.2(a) received from or made available by the related MBS TrusteeXxxxxxx Mac, Xxxxxx Xxx, Servicer, securities administrator or other similar party in respect of such Receivable; and (iii) any and all other documents that the Issuer, the Servicer or the Receivables Seller, as the case may be, shall keep on file, in accordance with its customary procedures, relating to such Receivable or the related Mortgage Pool or Servicing Agreement.

Administrator as Custodian. To reduce administrative costs, the Administrator will act as custodian for the benefit of the Noteholders of the following documents relating to each Receivable: (i) a copy of the related Designated Servicing Agreement Contract and each amendment and modification thereto; (ii) any documents other than those identified in Section 2.2(a) received from or made available by the related MBS TrusteeXxxxxxx Mac, Xxxxxx Xxx, Servicer, Securities Intermediary, securities administrator or other similar party in respect of such Receivable; and (iii) any and all other documents that the Issuer, the Servicer or the Receivables Seller, as the case may be, shall keep on file, in accordance with its customary procedures, relating to such Receivable or the related Mortgage Designated Pool or Designated Servicing AgreementContract.

Administrator as Custodian. To reduce administrative costs, the Administrator will act as custodian for the benefit of the Noteholders of the following documents relating to each Receivable: (i) a copy of the related Designated Servicing Agreement and each amendment and modification thereto; (ii) any documents other than those identified in Section 2.2(a) received from or made available by the related MBS Trustee, Servicer, securities administrator or other similar party in respect of such Receivable; and (iii) any and all other documents that the Issuer, the any Servicer or the any Receivables Seller, as the case may be, shall keep on file, in accordance with its customary procedures, relating to such Receivable or the related Mortgage Pool or Servicing Agreement.

Administrator as Custodian. To reduce administrative costs, the Administrator will act as custodian for the benefit of the Noteholders of the following documents relating to each Receivable: (i) a copy of the related Designated Servicing Agreement Contract and each amendment and modification thereto; (ii) any documents other than those identified in Section 2.2(a) received from or made available by the related MBS TrusteeFreddie Mac, Servicer, securities administrator or other similar party in respect of such Receivable; and (iii) any and all other documents that the Issuer, the Servicer or the Receivables Seller, as the case may be, shall keep on file, in accordance with its customary procedures, relating to such Receivable or the related Mortgage Designated Pool or Designated Servicing AgreementContract.