Common use of Pool Activity Records Clause in Contracts

Pool Activity Records. As to each Trust, the Master Servicer or, if required by the Servicing Contract, the Primary Servicer will keep the records necessary to account for activity on the related Pool, including records of the Pool Proceeds, distributions to Holders, assumptions or transfers, Prepayments (including purchases from a Trust) and substitutions of Mortgage Loans. In the case of a discrepancy, the records of the Master Servicer will control. Such records will be maintained until such time as the related Trust Documents are no longer in effect. In the case of a discrepancy, the Master Servicer will assess the particular facts and circumstances to determine, in a manner consistent with Accepted Servicing Practices, whether the records of the Primary Servicer or the Master Servicer should control.β€Œ

Appears in 4 contracts

Samples: Multifamily Master Trust Agreement, Amended and Restated 2021 Multifamily Master Trust Agreement, 2021 Multifamily Master Trust Agreement

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Pool Activity Records. As to each Trust, the Master Servicer or, if required by the Servicing Contract, the Primary Servicer will keep the records necessary to account for activity on the related Pool, including records of the Pool Proceeds, distributions to Holders, assumptions or transfers, Prepayments (including purchases from a Trust) and substitutions of Mortgage Loans. In the case of a discrepancy, the records of the Master Servicer will control. Such records will be maintained until such time as the related Trust Documents are no longer in effect. In the case of a discrepancy, the Master Servicer will assess the particular facts and circumstances to determine, in a manner consistent with Accepted Servicing Practices, whether the records of the Primary Servicer or the Master Servicer should control.β€Œcontrol.

Appears in 2 contracts

Samples: Master Trust Agreement, 2010 Multifamily Master Trust Agreement

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