Company Liable for Servicer and Subservicers. Notwithstanding anything to the contrary contained herein, the use of the Servicer (or Subservicer) shall not release the Company from any of its Servicing Obligations or other obligations under this Agreement, and the Company shall remain responsible and liable for all acts and omissions of the Servicer (and each Subservicer of the Servicer) as fully as if such acts and omissions were those of the Company. All actions of the Servicer (or Subservicer) performed pursuant to the Servicing Agreement shall be performed as an agent of the Company (or, in the case of Subservicers, the Servicer).
Appears in 2 contracts
Samples: Participation and Servicing Agreement, Participation and Servicing Agreement
Company Liable for Servicer and Subservicers. Notwithstanding anything to the contrary contained herein, the use of the any Servicer (or any Subservicer) shall not release the Company from any of its Servicing Obligations or other obligations under this Agreement, and the Company shall remain responsible and liable for all acts and omissions of the each Servicer (and each Subservicer of the each Servicer) as fully as if such acts and omissions were those of the Company. All actions of the each Servicer (or any Subservicer) performed pursuant to the Servicing Agreement (or any Subservicing Agreement) shall be performed as an agent of the Company (or, in the case of Subservicers, the Servicer).
Appears in 2 contracts
Samples: Participation and Servicing Agreement, Participation and Servicing Agreement
Company Liable for Servicer and Subservicers. Notwithstanding anything to the contrary contained herein, the use of the Servicer (or any Subservicer) shall not release the Company from any of its Servicing Obligations or other obligations under this Agreement, and the Company shall remain responsible and liable for all acts and omissions of the Servicer (and each Subservicer of the Servicer) as fully as if such acts and omissions were those of the Company. All actions of the Servicer (or any Subservicer) performed pursuant to the Servicing Agreement (or a Subservicing Agreement) shall be performed as an agent of the Company (or, in the case of Subservicers, the Servicer).
Appears in 1 contract
