Common use of Direct Servicer Responsibilities Clause in Contracts

Direct Servicer Responsibilities. Each Direct Servicer will be responsible, on behalf of and for the benefit of each Trust for which the Direct Servicer services Mortgage Loans, to service the related Mortgage Loans pursuant to Accepted Servicing Practices. Direct servicing will be performed by Direct Servicers engaged by contract with the Master Servicer or by Subservicers engaged by contract between a Subservicer and a Direct Servicer or the Master Servicer. If a Direct Servicer is terminated or resigns before a replacement Direct Servicer can be engaged, the Master Servicer may engage (or act as) an interim servicer to perform such services.