Common use of GENERAL SUBSERVICING PROCEDURE Clause in Contracts

GENERAL SUBSERVICING PROCEDURE. CHF LLC shall service and administer the Subserviced Loans in accordance with (i) any federal, state or local statute, law, ordinance, rule, administrative interpretation, regulation, order, writ, injunction, directive, judgment, decree or other requirement of any governmental authority, as applicable to the Subserviced Loans (hereinafter referred to as "Applicable Law") and (ii) Accepted Servicing Practices (as defined in the PSA). It is agreed that CHF LLC, as subservicer, shall perform all servicing functions relative to the Subserviced Loans on behalf of JPMCB as are required to be performed by CHF pursuant to the Agreement Regarding Servicing and Subservicing between JPMCB and CHF dated effective as of January 1, 2005 (the "Primary Subservicing Agreement"). The Primary Subservicing Agreement requires, among other things, for CHF LLC to comply with (x) Regulation AB (as defined in the PSA) and (y) all terms and conditions of the operative agreement pursuant to which JPMCB is named servicer including the PSA. In addition, CHF LLC shall perform all of the obligations, responsibilities and duties of a "Subservicer" under the PSA.

GENERAL SUBSERVICING PROCEDURE. CHF LLC shall service and administer the Subserviced Loans in accordance with (i) any federal, state or local statute, law, ordinance, rule, administrative interpretation, regulation, order, writ, injunction, directive, judgment, decree or other requirement of any governmental authority, as applicable to the Subserviced Loans (hereinafter referred to as "Applicable Law") and (ii) Accepted Servicing Practices (as defined in the PSA). It is agreed that CHF LLC, as subservicer, shall perform all servicing functions relative to the Subserviced Loans on behalf of JPMCB as are required to be performed by CHF pursuant to the Agreement Regarding Servicing and Subservicing between JPMCB and CHF dated effective as of January 1, 2005 (the "Primary Subservicing Agreement"). The Primary Subservicing Agreement requires, among other things, for CHF LLC to comply with (x) Regulation AB (as defined in the PSA) and (y) all terms and conditions of the operative agreement pursuant to which JPMCB is named servicer including the PSA. In addition, CHF LLC shall perform all of the obligations, responsibilities and duties of a "Subservicer" under the PSA. .