Servicer as Custodian Sample Clauses

Servicer as Custodian. The Mortgage Records belong to the Bank. The Servicer shall have possession of the Mortgage Records only with the Bank's approval. The Servicer hereby acknowledges that it is acting as the Bank's custodian in connection with any Mortgage Records at any time in its possession or control and it shall have no other interest in them. This is true whether the Servicer receives the Mortgage Records from an outside source or prepares them itself.
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Servicer as Custodian. ACCESS 1 ARTICLE III ADMINISTRATION AND SERVICING OF EACH PROGRAM PORTFOLIO 2 ARTICLE IV DISTRIBUTIONS; STATEMENTS 6
Servicer as Custodian. 46 Section 6.1 Duties of Servicer as Custodian..................................................46 Section 6.2 Instructions; Authority to Act...................................................47 Section 6.3 Custodian's Indemnification......................................................47 Section 6.4 Effective Period and Termination.................................................47 ARTICLE VII SERVICER..................................................................................47
Servicer as Custodian. 2 Section 2.1. Custody of Receivable Files.......................................................2 Section 2.2. Duties of Custodian...............................................................2
Servicer as Custodian. OF THE MORTGAGE LOAN DOCUMENTS................................................104
Servicer as Custodian. Section 6.1. Duties of Servicer as Custodian 57 Section 6.2. Instructions; Authority to Act 58 Section 6.3. Custodian's Indemnification 58 Section 6.4. Effective Period and Termination 59 TABLE OF CONTENTS (CONTINUED) PAGE
Servicer as Custodian. The Servicer shall hold the Mortgage Documents in relation to the Sellers' Mortgage Loans and which from time to time form part of the Assets of the Series Trust (the "RELEVANT MORTGAGE DOCUMENTS") as custodian on behalf of the Trustee from and including the Closing Date until a Document Transfer Event occurs.
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Servicer as Custodian 

Related to Servicer as Custodian

  • Duties of Servicer as Custodian (a) Safekeeping. The Servicer (or its Affiliates, but only in accordance with the second following sentence) shall hold the Receivable Files for the benefit of the Issuing Entity and the Indenture Trustee and maintain such accurate and complete accounts, records and computer systems pertaining to each Receivable File as shall enable the Issuing Entity to comply with this Agreement. In performing its duties as custodian, the Servicer shall act with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to the receivable files relating to all comparable equipment receivables that the Servicer services for its Affiliates or others. The Servicer, in its capacity as custodian, may at any time delegate its duties as custodian to any Affiliate of the Servicer; provided, that no such delegation shall relieve the Servicer of its responsibility with respect to such duties and the Servicer shall remain obligated and liable to the Issuing Entity, the Depositor and the Indenture Trustee for its duties hereunder as if the Servicer alone were performing such duties. The Servicer shall conduct, or cause to be conducted, periodic audits of the Receivable Files and the related accounts, records and computer systems, in such a manner as shall enable the Issuing Entity or the Indenture Trustee to verify the accuracy of the Servicer’s record keeping. The Servicer shall promptly report to the Issuing Entity and the Indenture Trustee any material failure on its part, or its Affiliate’s part, to hold the Receivable Files and maintain its accounts, records and computer systems as herein provided and promptly take appropriate action to remedy any such failure. Nothing herein shall be deemed to require an initial review or any periodic review by the Issuing Entity, the Trustee or the Indenture Trustee of the Receivable Files.

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