Common use of Servicer Intellectual Property Clause in Contracts

Servicer Intellectual Property. It is understood that the Servicer may require that certain of Servicer’s Intellectual Property be utilized by the Subservicer in the performance of this Agreement. Subservicer shall and shall require its vendors, agents or subcontractors performing all or part of the Services described in this Agreement to use such Servicer Intellectual Property (solely as needed to perform the Services), and will be liable to Servicer for any and all actions or omissions of such vendors, agents or subcontractors in the use of Servicer’s Intellectual Property. Except as specifically provided in this Agreement or any Program Portfolio Schedule, the Subservicer shall have no rights in any of the Intellectual Property of the Servicer (whether owned, licensed or otherwise possessed) which, in any case, shall be and at all times remain the sole and exclusive property of the Servicer.