Common use of Back-Up Servicer Clause in Contracts

Back-Up Servicer. SST, as Back-Up Servicer under the OF V Documents, the OF VI Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X Documents and the OF XII Documents, as applicable, hereby agrees that if it becomes the successor servicer under the Servicing Documents, it shall be bound by the terms hereof as a “Servicer” (and not, for the avoidance of doubt, as “Initial Servicer”) and shall thereafter be the successor Servicer hereunder so long as it is acting as servicer under the Servicing Documents; provided, however, that the parties hereto hereby acknowledge and agree that in the event that the Back-Up Servicer serves as the successor Servicer hereunder, the Back-Up Servicer will not be acting as agent or fiduciary for or on behalf of the parties hereto or any noteholder or certificateholder under the OF V Documents, the OF VI Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X Documents or the OF XII Documents, as the case may be. In the event that SST is acting as successor Servicer hereunder, it shall be entitled to all of the rights, protections, immunities and indemnities afforded to it under the OF V Documents, the OF VI Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X Documents and the OF XII Documents, as applicable, as if the same were specifically set forth herein.

Back-Up Servicer. SST, as Back-Up Servicer under the OF V Documents, the OF VI II Documents, the OF VII III Documents, the OF VIII IV Documents, the OF IX Documents, the OF X VI Documents and the OF XII VII Documents, as applicable, hereby agrees that if it becomes the successor servicer under the Servicing Documents, it shall be bound by the terms hereof as a “Servicer” (and not, for the avoidance of doubt, as “Initial Servicer”) and shall thereafter be the successor Servicer hereunder so long as it is acting as servicer under the Servicing Documents; provided, however, that the parties hereto hereby acknowledge and agree that in the event that the Back-Up Servicer serves as the successor Servicer hereunder, the Back-Up Servicer will not be acting as agent or fiduciary for or on behalf of the parties hereto or any noteholder or certificateholder under the OF V Documents, the OF VI II Documents, the OF VII III Documents, the OF VIII IV Documents, the OF IX Documents, the OF X VI Documents or the OF XII VII Documents, as the case may be. In the event that SST is acting as successor Servicer hereunder, it shall be entitled to all of the rights, protections, immunities and indemnities afforded to it under the OF V Documents, the OF VI II Documents, the OF VII III Documents, the OF VIII IV Documents, the OF IX Documents, the OF X VI Documents and the OF XII VII Documents, as applicable, as if the same were specifically set forth herein.

Back-Up Servicer. SST, as Back-Up Servicer under the OF I Documents, the OF V Documents, the OF VI II Documents, the OF VII III Documents, the OF VIII Documents, the OF IX Documents, the OF X IV Documents and the OF XII VI Documents, as applicable, hereby agrees that if it becomes the successor servicer under the Servicing Documents, it shall be bound by the terms hereof as a “Servicer” (and not, for the avoidance of doubt, as “Initial Servicer”) and shall thereafter be the successor Servicer hereunder so long as it is acting as servicer under the Servicing Documents; provided, however, that the parties hereto hereby acknowledge and agree that in the event that the Back-Up Servicer serves as the successor Servicer hereunder, the Back-Up Servicer will not be acting as agent or fiduciary for or on behalf of the parties hereto or any noteholder or certificateholder under the OF I Documents, the OF V Documents, the OF VI II Documents, the OF VII III Documents, the OF VIII Documents, the OF IX Documents, the OF X IV Documents or the OF XII VI Documents, as the case may be. In the event that SST is acting as successor Servicer hereunder, it shall be entitled to all of the rights, protections, immunities and indemnities afforded to it under the OF I Documents, the OF V Documents, the OF VI II Documents, the OF VII III Documents, the OF VIII Documents, the OF IX Documents, the OF X IV Documents and the OF XII VI Documents, as applicable, as if the same were specifically set forth herein.

Back-Up Servicer. SST, as Back-Up Servicer under the PRF III Documents, the OF I Documents, the OF V Documents, the OF VI II Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X III Documents and the OF XII IV Documents, as applicable, hereby agrees that if it becomes the successor servicer under the Servicing Documents, it shall be bound by the terms hereof as a “Servicer” (and not, for the avoidance of doubt, as “Initial Servicer”) and shall thereafter be the successor Servicer hereunder so long as it is acting as servicer under the Servicing Documents; provided, however, that the parties hereto hereby acknowledge and agree that in the event that the Back-Up Servicer serves as the successor Servicer hereunder, the Back-Up Servicer will not be acting as agent or fiduciary for or on behalf of the parties hereto or any noteholder or certificateholder under the PRF III Documents, the OF I Documents, the OF V Documents, the OF VI II Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X III Documents or the OF XII IV Documents, as the case may be. In the event that SST is acting as successor Servicer hereunder, it shall be entitled to all of the rights, protections, immunities and indemnities afforded to it under the PRF III Documents, the OF I Documents, the OF V Documents, the OF VI II Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X III Documents and the OF XII IV Documents, as applicable, as if the same were specifically set forth herein.

Back-Up Servicer. SST, as Back-Up Servicer under the OF V Documents, the OF IV Documents, the OF VI Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X Documents and the OF XII X Documents, as applicable, hereby agrees that if it becomes the successor servicer under the Servicing Documents, it shall be bound by the terms hereof as a “Servicer” (and not, for the avoidance of doubt, as “Initial Servicer”) and shall thereafter be the successor Servicer hereunder so long as it is acting as servicer under the Servicing Documents; provided, however, that the parties hereto hereby acknowledge and agree that in the event that the Back-Up Servicer serves as the successor Servicer hereunder, the Back-Up Servicer will not be acting as agent or fiduciary for or on behalf of the parties hereto or any noteholder or certificateholder under the OF V Documents, the OF IV Documents, the OF VI Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X Documents or the OF XII X Documents, as the case may be. In the event that SST is acting as successor Servicer hereunder, it shall be entitled to all of the rights, protections, immunities and indemnities afforded to it under the OF V Documents, the OF IV Documents, the OF VI Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X Documents and the OF XII X Documents, as applicable, as if the same were specifically set forth herein.

Back-Up Servicer. SST, as Back-Up Servicer under the OF V Documents, the OF III Documents, the OF IV Documents, the OF VI Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X Documents and the OF XII VIII Documents, as applicable, hereby agrees that if it becomes the successor servicer under the Servicing Documents, it shall be bound by the terms hereof as a “Servicer” (and not, for the avoidance of doubt, as “Initial Servicer”) and shall thereafter be the successor Servicer hereunder so long as it is acting as servicer under the Servicing Documents; provided, however, that the parties hereto hereby acknowledge and agree that in the event that the Back-Up Servicer serves as the successor Servicer hereunder, the Back-Up Servicer will not be acting as agent or fiduciary for or on behalf of the parties hereto or any noteholder or certificateholder under the OF V Documents, the OF III Documents, the OF IV Documents, the OF VI Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X Documents or the OF XII VIII Documents, as the case may be. In the event that SST is acting as successor Servicer hereunder, it shall be entitled to all of the rights, protections, immunities and indemnities afforded to it under the OF V Documents, the OF III Documents, the OF IV Documents, the OF VI Documents, the OF VII Documents, the OF VIII Documents, the OF IX Documents, the OF X Documents and the OF XII VIII Documents, as applicable, as if the same were specifically set forth herein.