Common use of Duties and Responsibilities of the Sub-Servicer Clause in Contracts

Duties and Responsibilities of the Sub-Servicer. Subject to the provisions of this Agreement, the Sub-Servicer shall service the Sub-Serviced Assets under the same terms as the Master Servicer is bound under the Servicing Agreement and with the same degree of care as required by Section 2.2 thereof. Without limiting the generality of the foregoing, the Sub-Servicer shall comply with clauses (a), (b) and (c) of Section 2.6 of the Servicing Agreement as if all references therein to “Master Servicer” were references to the Sub-Servicer. If Sub-Servicer fails to comply with clause (b) or clause (c) of Section 2.6 of the Servicing Agreement and, as a result, Master Servicer is obligated to purchase Transferred Receivables (constituting Sub-Serviced Assets) from Owner, the Sub-Servicer shall purchase such Transferred Receivables from the Master Servicer for the same price that the Master Servicer is required to pay for such Transferred Receivables pursuant to such Section 2.6. Sub-Servicer shall not make any Servicer Advances.

Duties and Responsibilities of the Sub-Servicer. Subject to the provisions of this Agreement, the Sub-Servicer shall service the Sub-Serviced Assets under the same terms as the Master Servicer is bound under the Servicing Agreement and with the same degree of care as required by Section 2.2 thereof. Without limiting the generality of the foregoing, the Sub-Servicer shall comply with clauses (a), (b) and (c) of Section 2.6 of the Servicing Agreement as if all references therein to “"Master Servicer” " were references to the Sub-Servicer. If Sub-Servicer fails to comply with clause (b) or clause (c) of Section 2.6 of the Servicing Agreement and, as a result, Master Servicer is obligated to purchase Transferred Receivables (constituting Sub-Serviced Assets) from Owner, the Sub-Servicer shall purchase such Transferred Receivables from the Master Servicer for the same price that the Master Servicer is required to pay for such Transferred Receivables pursuant to such Section 2.6. Sub-Servicer shall not make any Servicer Advances.

Duties and Responsibilities of the Sub-Servicer. Subject to the provisions of this Agreement, the Sub-Servicer shall service the Sub-Serviced Assets under the same terms as the Master Servicer is bound under the Servicing Agreement and with the same degree of care as required by Section 2.2 thereof. Without limiting the generality of the foregoing, the Sub-Servicer shall comply with clauses (a), (b) and ), (c) of Section 2.6 of the Servicing Agreement as if all references therein to “Master Servicer” were references to the Sub-Servicer. If Sub-Servicer fails to comply with clause (b) or clause (c) of Section 2.6 of the Servicing Agreement and, as a result, Master Servicer is obligated required to purchase Transferred Receivables (constituting Sub-Serviced Assets) from Owner, the Sub-Servicer Service shall purchase such Transferred Receivables from the Master Servicer for the same price that the Master Servicer is required to pay for such Transferred Receivables pursuant to such Section 2.6. Sub-Servicer shall not make any Servicer Advances.