Independence of Parties. The following terms shall govern the relationship between Bayview and the Servicer: (a) The Servicer shall have the status of, and act as, an independent contractor. Nothing herein contained shall be construed to create a partnership or joint venture between Bayview, the Master Servicer and the Servicer. (b) Anything herein contained in this Article VIII or elsewhere in this Agreement to the contrary notwithstanding, the representations and warranties of the Servicer contained in this Agreement shall not be construed as a warranty or guarantee by the Servicer as to future payments by any Mortgagor. (c) Anything herein contained in this Article VIII or elsewhere in this Agreement to the contrary notwithstanding, the Servicer shall not be responsible for performance or compliance under any loan repurchase agreements, indemnifications, representations or warranties of an origination nature made by Bayview or any other party to the Trustee.
Appears in 9 contracts
Samples: Servicing Agreement (Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B), Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-A), Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-C)
Independence of Parties. The following terms shall govern the relationship between Bayview and the Servicer:
(a) The Servicer shall have the status of, and act as, an independent contractor. Nothing herein contained shall be construed to create a partnership or joint venture between among Bayview, the Master Servicer and the Servicer.
(b) Anything herein contained in this Article VIII or elsewhere in this Agreement to the contrary notwithstanding, the representations and warranties of the Servicer contained in this Agreement shall not be construed as a warranty or guarantee by the Servicer as to future payments by any Mortgagor.
(c) Anything herein contained in this Article VIII or elsewhere in this Agreement to the contrary notwithstanding, the Servicer shall not be responsible for performance or compliance under any loan repurchase agreements, indemnifications, representations or warranties of an origination nature made by Bayview or any other party to the Trusteenature.
Appears in 3 contracts
Samples: Servicing Agreement (Bayview Financial Mort Pass THR Certs Ser 2003-F), Servicing Agreement (Bayview Financial Corp Mortgage Pass THR Certs Ser 2003-E), Servicing Agreement (Bayview Financial Securities Co LLC)