Common use of RETENTION AND AUTHORITY OF SERVICER Clause in Contracts

RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard. 23 Section 2.02 Subservicing 25 Section 2.03 Authority of the Servicer or the Special Servicer 26 Section 2.04 Certain Calculations 28 ARTICLE III SERVICES TO BE PERFORMED Section 3.01 Servicing; Special Servicing 28 Section 3.02 Escrow Accounts; Collection of Taxes, Assessments and Similar Items 31 Section 3.03 Collection Account and Participated Mortgage Loan Collection Account 32 Section 3.04 Permitted Investments 36 Section 3.05 Maintenance of Insurance Policies 36 Section 3.06 Delivery and Possession of Servicing Files 38 Section 3.07 Inspections; Financial Statements 38 Section 3.08 Exercise of Remedies upon Mortgage Loan Defaults 39

RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard. 23 Standard 28 Section 2.02 Subservicing 25 Sub-servicing 30 Section 2.03 Authority of the Servicer or the Special Servicer 26 32 Section 2.04 Certain Calculations 28 34 ARTICLE III SERVICES TO BE PERFORMED Section 3.01 Servicing; Special Servicing 28 34 Section 3.02 Escrow Accounts; Collection of Taxes, Assessments and Similar Items 31 37 Section 3.03 Collection Account and Participated Mortgage Loan Collection Account 32 38 Section 3.04 Permitted Eligible Investments 36 40 Section 3.05 Maintenance of Insurance Policies 36 41 Section 3.06 Delivery and Possession of Servicing Files 38 42 Section 3.07 Inspections; Financial Statements 38 43 Section 3.08 Exercise of Remedies upon Mortgage Commercial Real Estate Loan Defaults 3943

RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard. 23 Standard 30 Section 2.02 Subservicing 25 32 Section 2.03 Authority of the Servicer or the Special Servicer 26 34 Section 2.04 Certain Calculations 28 35 ARTICLE III SERVICES TO BE PERFORMED Section 3.01 Servicing; Special Servicing 28 35 Section 3.02 Escrow Accounts; Collection of Taxes, Assessments and Similar Items 31 37 Section 3.03 Collection Account and Participated Mortgage Loan Collection Account 32 38 Section 3.04 Permitted Investments 36 40 Section 3.05 Maintenance of Insurance Policies 36 41 Section 3.06 Delivery and Possession of Servicing Files 38 42 Section 3.07 Inspections; Financial Statements 38 42 Section 3.08 Exercise of Remedies upon Mortgage Loan Defaults 3943

RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard. 23 Standard 28 Section 2.02 Subservicing 25 30 Section 2.03 Authority of the Servicer or the Special Servicer 26 32 Section 2.04 Certain Calculations 28 33 ARTICLE III SERVICES TO BE PERFORMED Section 3.01 Servicing; Special Servicing 28 34 Section 3.02 Escrow Accounts; Collection of Taxes, Assessments and Similar Items 31 37 Section 3.03 Collection Account and Participated Mortgage Loan Collection Account 32 38 Section 3.04 Permitted Investments 36 41 Section 3.05 Maintenance of Insurance Policies 36 42 Section 3.06 Delivery and Possession of Servicing Files 38 44 Section 3.07 Inspections; Financial Statements 38 44 Section 3.08 Exercise of Remedies upon Mortgage Serviced Commercial Real Estate Loan Defaults 3945

RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard. 23 Standard 29 Section 2.02 Subservicing 25 31 Section 2.03 Authority of the Servicer or the Special Servicer 26 33 Section 2.04 Certain Calculations 28 34 ARTICLE III SERVICES TO BE PERFORMED Section 3.01 Servicing; Special Servicing 28 35 Section 3.02 Escrow Accounts; Collection of Taxes, Assessments and Similar Items 31 38 Section 3.03 Collection Account and Participated Mortgage Loan Collection Account 32 39 Section 3.04 Permitted Investments 36 41 Section 3.05 Maintenance of Insurance Policies 36 41 Section 3.06 Delivery and Possession of Servicing Files 38 43 Section 3.07 Inspections; Financial Statements 38 43 Section 3.08 Exercise of Remedies upon Mortgage Loan Defaults 3944

RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard. 23 Standard 25 Section 2.02 Subservicing 25 27 Section 2.03 Authority of the Servicer or the Special Servicer 26 28 Section 2.04 Certain Calculations 28 29 ARTICLE III SERVICES TO BE PERFORMED Section 3.01 Servicing; Special Servicing 28 30 Section 3.02 Escrow Accounts; Collection of Taxes, Assessments and Similar Items 31 32 Section 3.03 Collection Account and Participated Mortgage Loan Collection Account 32 33 Section 3.04 Permitted Investments 36 37 Section 3.05 Maintenance of Insurance Policies 36 38 Section 3.06 Delivery and Possession of Servicing Files 38 39 Section 3.07 Inspections; Financial Statements 38 40 Section 3.08 Exercise of Remedies upon Mortgage Loan Defaults 3940