Common use of Due Diligence in Servicing Loans Clause in Contracts

Due Diligence in Servicing Loans. Seller and any independent servicer have each exercised and shall continue until the Scheduled Sale Date to exercise due diligence and reasonable care in making, administering, servicing and collecting the Eligible Loans and Seller has conducted a reasonable investigation of sufficient scope and content to enable it duly to make the representations and warranties contained in this Agreement. Seller shall be solely responsible for the payment of the costs and expenses incident to origination of the Eligible Loans, without any right of reimbursement therefor from Purchaser.

Due Diligence in Servicing Loans. Seller and any independent servicer have each exercised and shall continue until the Scheduled Sale Date for such Eligible Loan to exercise due diligence and reasonable care in making, administering, servicing and collecting the such Eligible Loans Loan and Seller has conducted a reasonable investigation of sufficient scope and content to enable it duly to make the representations and warranties contained in this Agreement. Seller shall be solely responsible for the payment of the Any costs and expenses incident to origination of such Eligible Loan have been or will be paid by Seller or an affiliate thereof other than the Eligible Loans, without any right of reimbursement therefor from Purchaser.

Due Diligence in Servicing Loans. Seller and any independent servicer have each exercised and shall continue until the Scheduled Sale Date for such Eligible Loan to exercise due diligence and reasonable care in making, administering, servicing and collecting the such Eligible Loans Loan and Seller has conducted a reasonable investigation of sufficient scope and content to enable it duly to make the representations and warranties contained in this Agreement. Seller shall be solely responsible for the payment of the costs and expenses incident to origination of the such Eligible LoansLoan, without any right of reimbursement therefor from Purchaser.