Common use of Liability of the Servicer Clause in Contracts

Liability of the Servicer. Notwithstanding any sub-servicing agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as sub-servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee and Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such sub-servicing agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as sub-servicer (or its agents or subcontractors) to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special Servicer shall be entitled to enter into an agreement with any sub-servicer providing for indemnification of the Servicer or Special Servicer, as applicable, by such sub-servicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Asset Securitization Corp Comm Mort Pass THR Cer Ser 1997-D4), Pooling and Servicing Agreement (Asset Securitization Corp Com Mor Pass THR Cer Ser 1997 Md), Pooling and Servicing Agreement (Amresco Commercial Mortgage Funding I Corp)

AutoNDA by SimpleDocs

Liability of the Servicer. Notwithstanding any sub-servicing agreementSub‑Servicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub‑Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as sub-servicer a Sub‑Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Trust and the Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement Section 3.01 without diminution of such obligation or liability by virtue of such sub-servicing agreements Sub‑Servicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as sub-servicer (or its agents or subcontractors) Sub‑Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any sub-servicer providing a Sub‑Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such sub-servicer, Sub‑Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but indemnification and no such agreement for indemnification shall be deemed to limit or modify this Agreementan expense of the Trust.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2007-He2), Pooling and Servicing Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2007-He1), Pooling and Servicing Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He3)

Liability of the Servicer. Notwithstanding any sub-servicing agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as sub-servicer or otherwise, the Servicer or the Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee and Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such sub-servicing agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as sub-servicer (or its agents or subcontractors) to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage LoansLoans alone. Each of the The Servicer and or the Special Servicer Servicer, as applicable, shall be entitled to enter into an agreement with any sub-servicer providing for indemnification of the Servicer or the Special Servicer, as applicable, by such sub-servicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Commercial Mortgage Acceptance Corp), Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp), Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)

Liability of the Servicer. Notwithstanding any subSub-servicing agreement, any of Servicing Agreement or the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as suba Sub-servicer Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee and the Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement Section 3.01, without diminution of such obligation or liability by virtue of such subSub-servicing agreements Servicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as subSub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any suba Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such subSub-servicer, Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Wmc1), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Wmc1), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Wmc1)

Liability of the Servicer. Notwithstanding any subSub-servicing agreementServicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as suba Sub-servicer Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Trustee, the Depositor and the Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement Section 3.01 without diminution of such obligation or liability by virtue of such subSub-servicing agreements Servicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as subSub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any suba Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such subSub-servicer, Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (GE-WMC Asset-Backed Pass-Through Trust, Series 2006-1), Pooling and Servicing Agreement (GE-WMC Asset-Backed Pass Through Certificates, Series 2005-1), Pooling and Servicing Agreement (GE-WMC Mortgage Securities, L.L.C.)

Liability of the Servicer. Notwithstanding any subSub-servicing agreementServicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as suba Sub-servicer Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Indenture Trustee, the Noteholders and Certificateholders the Insurer for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement Section 3.01 without diminution of such obligation or liability by virtue of such subSub-servicing agreements Servicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as subSub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any suba Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such subSub-servicer, Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)

Liability of the Servicer. Notwithstanding the provisions of any subSub-servicing agreementServicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer or Special a Sub-Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as suba Sub-servicer Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Depositor, the Trustee, the Insurer and the Certificateholders for the servicing and administering of the Mortgage Loans included in the Trust Fund in accordance with (and subject to the limitations contained within) the provisions of this Agreement without diminution of such obligation or liability by virtue of such subSub-servicing Servicing Agreements or agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as subSub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any subthe Depositor or a Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such sub-servicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Asset Backed Securities Corp), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Liability of the Servicer. Notwithstanding the provisions of any subSub-servicing agreementServicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer or Special a Sub-Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as sub-servicer a Sub- Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Depositor, the Trustee, the Insurer and the Certificateholders for the servicing and administering of the Mortgage Loans included in the Trust Fund in accordance with (and subject to the limitations contained within) the provisions of this Agreement without diminution of such obligation or liability by virtue of such subSub-servicing Servicing Agreements or agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as subSub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any subthe Depositor or a Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such sub-servicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Liability of the Servicer. Notwithstanding any sub-servicing agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as sub-servicer or otherwise, the Servicer or the Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee and Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such sub-servicing agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as sub-servicer (or its agents or subcontractors) to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage LoansLoans alone. Each of the The Servicer and or the Special Servicer Servicer, as applicable, shall be entitled to enter into an agreement with any sub-servicer providing for indemnification of the Servicer or the Special Servicer, as applicable, by such sub-servicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Midland Realty Accept Corp Com Mort Pass THR Cert Se 1996-C1), Pooling and Servicing Agreement (Midland Realty Accept Corp Com Mort Pass THR Cert Se 1996 C2)

Liability of the Servicer. Notwithstanding any subSub-servicing agreement, any of Servicing Agreement or the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as suba Sub-servicer Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Trustee, the Master Servicer, the Trust Administrator and the Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement Section 3.01 without diminution of such obligation or liability by virtue of such subSub-servicing agreements Servicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as subSub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any suba Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such subSub-servicer, Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Financial Asset Sec Corp Fremont Home Loan Trust 2003 A), Pooling and Servicing Agreement (Fremont Home Loan Trust 2004-B)

Liability of the Servicer. Notwithstanding any subSub-servicing agreementServicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as suba Sub-servicer Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Trust and the Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement Section 3.01 without diminution of such obligation or liability by virtue of such subSub-servicing agreements Servicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as suba Sub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any suba Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such subSub-servicer, Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but indemnification and no such agreement for indemnification shall be deemed to limit or modify this Agreementan expense of the Trust.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (WaMu Asset-Backed Certificates, WaMu Series 2007-He2), Pooling and Servicing Agreement (WaMu Asset-Backed Certificates, WaMu Series 2007-He2)

Liability of the Servicer. Notwithstanding any sub-servicing agreementSubservicing Agreement, any of the provisions of this Servicing Agreement relating to agreements or arrangements between the Servicer and a Subservicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as sub-servicer a Subservicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Issuer, the Indenture Trustee, the Depositor, the Seller, the Originator and Certificateholders the Securityholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement Section 3.01 without diminution of such obligation or liability by virtue of such sub-servicing agreements Subservicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as sub-servicer (or its agents or subcontractors) Subservicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any sub-servicer providing a Subservicer for indemnification of the Servicer or Special Servicer, as applicable, by such sub-servicer, Subservicer and nothing contained in this Servicing Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 2 contracts

Samples: Servicing Agreement (GE-WMC Mortgage Securities, L.L.C.), Servicing Agreement (GE-WMC Mortgage Securities, L.L.C.)

AutoNDA by SimpleDocs

Liability of the Servicer. Notwithstanding any subSub-servicing agreement, any of Servicing Agreement or the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as suba Sub-servicer Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee and the Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement Section 3.01, without diminution of such obligation or liability by virtue of such subSub-servicing agreements Servicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as subSub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any suba Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such sub-servicer, Sub- Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Mastr Asset Backed Securities Trust 2004-Wmc2), Pooling and Servicing Agreement (Mastr Asset Backed Securities Trust 2004-Fre1)

Liability of the Servicer. Notwithstanding any sub-servicing agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as sub-servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee (on behalf of the Certificateholders) the Bond Administrator, Certificateholders and Certificateholders each Companion Holder with respect to the related Companion Loan for the servicing and administering of the Mortgage Loans and Companion Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such sub-servicing agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as sub-servicer (or its agents or subcontractors) to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans and Companion Loans. Each of the Servicer and the Special Servicer shall be entitled to enter into an agreement with any sub-servicer providing for indemnification of the Servicer or Special Servicer, as applicable, by such sub-servicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Mortgage & Asset Receiving Corp Series 2000-C1)

Liability of the Servicer. Notwithstanding the provisions of any subSub-servicing agreementServicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer or Special a Sub-Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as sub-servicer a Sub- Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Seller, the Trustee, the Certificate Insurer and the Certificateholders for the servicing and administering of the Mortgage Loans included in the Trust Fund in accordance with (and subject to the limitations contained within) the provisions of this Agreement without diminution of such obligation or liability by virtue of such subSub-servicing Servicing Agreements or agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as subSub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any subthe Seller or a Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such sub-servicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chevy Chase Bank FSB)

Liability of the Servicer. Notwithstanding any sub-servicing agreementSubservicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Subservicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as sub-servicer a Subservicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee and the Certificateholders for the servicing and administering of the Mortgage Loans (including the making of Monthly Advances) in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such sub-servicing agreements Subservicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as sub-servicer (or its agents or subcontractors) Subservicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each For purposes of this Agreement, the Servicer and shall be deemed to have received payments on Mortgage Loans when the Special Subservicer has received such payments. The Servicer shall be entitled to enter into an any agreement with any sub-servicer providing a Subservicer for indemnification of the Servicer or Special Servicer, as applicable, by such sub-servicer, Subservicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)

Liability of the Servicer. Notwithstanding any subSub-servicing agreementServicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as suba Sub-servicer Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Trustee, the Trust Administrator and the Certificateholders for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement Section 3.01 without diminution of such obligation or liability by virtue of such subSub-servicing agreements Servicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as subSub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any suba Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such subSub-servicer, Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Salomon Brothers Mor Sec Vii Inc Mor Pa THR Ce Se 2001-2)

Liability of the Servicer. Notwithstanding any subSub-servicing agreementServicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Sub-Servicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as suba Sub-servicer Servicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Trust Fund and the Certificateholders for the servicing and administering of the related Mortgage Loans in accordance with the provisions of this Agreement Section 3.01 without diminution of such obligation or liability by virtue of such subSub-servicing agreements Servicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as subrelated Sub-servicer (or its agents or subcontractors) Servicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the related Mortgage Loans. Each of the Servicer and the Special The Servicer shall be entitled to enter into an any agreement with any suba Sub-servicer providing Servicer for indemnification of the Servicer or Special Servicer, as applicable, by such subSub-servicer, Servicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but indemnification and no such agreement for indemnification shall be deemed to limit or modify this Agreementan expense of the Trust.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset Backed Sec Corp Pass Through Certificates Ser 2002-He3)

Liability of the Servicer. Notwithstanding any sub-servicing agreementSubservicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Subservicer or Special Servicer and any Person acting as sub-servicer (or its agents or subcontractors) or any reference to actions taken through any Person acting as sub-servicer a Subservicer or otherwise, the Servicer or Special Servicer, as applicable, shall remain obligated and primarily liable to the Trustee Trustee, the Certificate Insurer and the Certificateholders for the servicing and administering of the Mortgage Loans (including the making of Monthly Advances) in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such sub-servicing agreements Subservicing Agreements or arrangements or by virtue of indemnification from the Depositor or any other Person acting as sub-servicer (or its agents or subcontractors) Subservicer and to the same extent and under the same terms and conditions as if the Servicer or Special Servicer, as applicable, alone were servicing and administering the Mortgage Loans. Each For purposes of this Agreement, the Servicer and shall be deemed to have received payments on Mortgage Loans when the Special Subservicer has received such payments. The Servicer shall be entitled to enter into an any agreement with any sub-servicer providing a Subservicer for indemnification of the Servicer or Special Servicer, as applicable, by such sub-servicer, Subservicer and nothing contained in this Agreement shall be deemed to limit or modify such indemnification, but no such agreement for indemnification shall be deemed to limit or modify this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!