Common use of Servicers to Act as Servicers Clause in Contracts

Servicers to Act as Servicers. (a) Unless otherwise specified, all references to actions to be taken or previously taken by "the Servicer" under this Article III or any other provision of this Agreement with respect to a Mortgage Loan or Mortgage Loans or with respect to an REO Property or REO Properties shall be only to actions to be taken or previously taken by each Servicer with respect to a Mortgage Loan or Mortgage Loans serviced by such Servicer or with respect to an REO Property or REO Properties administered by such Servicer. Furthermore, unless otherwise specified, all references to actions to be taken or previously taken by "the Servicer" under this Article III or any other provision of this Agreement with respect to "the Collection Account" or "the Servicing Account" shall be only to actions to be taken or previously taken by each Servicer with respect to the Collection Account or the Servicing Account to be established and maintained by such Servicer. Consistent with the foregoing, but only insofar as the context so permits, this Article III is to be read with respect to each Servicer as if such Servicer alone was servicing and administering its respective Mortgage Loans hereunder.

Servicers to Act as Servicers. (a) Unless otherwise specified, all references to actions to be taken or previously taken by "the Servicer" under this Article III or any other provision of this Agreement with respect to a Mortgage Loan or Mortgage Loans or with respect to an REO Property or REO Properties shall be only to actions to be taken or previously taken by each Servicer with respect to a Mortgage Loan or Mortgage Loans serviced by such Servicer thereby or with respect to an REO Property or REO Properties administered by such Servicerthereby. Furthermore, unless otherwise specified, all references to actions to be taken or previously taken by "the Servicer" under this Article III or any other provision of this Agreement with respect to "the Collection Account" or "the Servicing Account" shall be only to actions to be taken or previously taken by each Servicer with respect to the Collection Account or the Servicing Account to be established and maintained by such Servicerthereby. Consistent with the foregoing, but only insofar as the context so permits, this Article III is to be read with respect to each Servicer as if such Servicer alone was servicing and administering its respective Mortgage Loans hereunder.

Servicers to Act as Servicers. (a) Unless otherwise specified, all references to actions to be taken or previously taken by "the Servicer" under this Article III or any other provision of this Agreement with respect to a Mortgage Loan or Mortgage Loans or with respect to an REO Property or REO Properties shall be only to actions to be taken or previously taken by each Servicer with respect to a Mortgage Loan or Mortgage Loans serviced by such Servicer thereby or with respect to an REO Property or REO Properties administered by such Servicerthereby. Furthermore, unless otherwise specified, all references to actions to be taken or previously taken by "the Servicer" under this Article III or any other provision of this Agreement with respect to "the Collection Account," or "the Servicing Account" or "the REO Account" shall be only to actions to be taken or previously taken by each Servicer with respect to the Collection Account, the Servicing Account or the Servicing REO Account to be established and maintained by such Servicerthereby. Consistent with the foregoing, but only insofar as the context so permits, this Article III is to be read with respect to each Servicer as if such Servicer alone was servicing and administering its respective Mortgage Loans hereunder.