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 Participation Certificate: (i) a copy of the related Participation Certificate 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 Servicer, securities administrator or other similar party in respect of such Participation Certificate; and (iii) any and all other documents that the Issuer, the Servicer or NSM, as the case may be, shall keep on file, in accordance with its customary procedures, relating to such Participation Certificate.

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 Participation CertificateReceivable: (i) a copy of the related Participation Certificate 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 Servicer, securities administrator or other similar party in respect of such Participation Certificate; and (iiiii) any and all other documents that the Issuer, the Servicer or NSMthe Receivables Seller, as the case may be, shall keep on file, in accordance with its customary procedures, relating to such Participation CertificateReceivable or the related Securitization Trust 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 Participation Certificate: (i) a copy of the related Participation Certificate 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 Servicer, securities administrator or other similar party in respect of such Participation Certificate; and (iii) any and all other documents that the Issuer, the Servicer Issuer or NSMloanDepot, as the case may be, shall keep on file, in accordance with its customary procedures, relating to such Participation Certificate.

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 Participation Certificate: (i) a copy of the related Participation Certificate 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 Servicer, securities administrator or other similar party in respect of such Participation Certificate; and (iii) any and all other documents that the Issuer, the Servicer or NSMPLS, as the case may be, shall keep on file, in accordance with its customary procedures, relating to such Participation Certificate.