Common use of REO Property Generally Clause in Contracts

REO Property Generally. Notwithstanding any other provision of this Section 12.15 to the contrary, (i) in operating, managing, leasing or disposing of any REO Property, the Manager shall act in the best interests of the Company, and the members and creditors of the Company (including the FDIC in its various capacities) and in accordance with the Servicing Standard, and (ii) without relieving the Manager of any obligation elsewhere in this Agreement or any Ancillary Document, the Manager shall not be required to act in accordance with a specific provision of this Section 12.15 if such action is (A) not in the best interests of Company and the members and creditors of the Company (including the FDIC in its various capacities), as determined by the Manager in the exercise of its reasonable discretion, or (B) not in accordance with the Servicing Standard.

REO Property Generally. Notwithstanding any other provision of this Section 12.15 to the contrary, (i) in operating, managing, leasing or disposing of any REO Property, the Manager shall act in the best interests of the Company, and the members Members and creditors of the Company (including the FDIC in its various capacities) and in accordance with the Servicing Standard, and (ii) without relieving the Manager of any obligation elsewhere in this Agreement or any Ancillary Transaction Document, the Manager shall not be required to act in accordance with a specific provision of this Section 12.15 if such action is (A) not in the best interests of Company and the members Members and creditors of the Company (including the FDIC in its various capacities), as determined by the Manager in the exercise of its reasonable discretion, or (B) not in accordance with the Servicing Standard.