Common use of Servicing Obligations of the PFIs Clause in Contracts

Servicing Obligations of the PFIs. (a) Colonial agrees to service the Serviced Mortgages in accordance with the terms and conditions of the Colonial PFI Agreement (including but not limited to any Servicing Guide waivers or amendments relating to servicing) as if the Serviced Mortgages had been delivered under the Colonial PFI Agreement, provided, however, that the Selling PFI shall remain liable for (i) origination obligations and origination representations and warranties for the Serviced Mortgages arising under the terms of the Selling PFI Agreement, (ii) delivery of Collateral Files and Servicing Files for the Serviced Mortgages as required by the Origination Guide and the Servicing Sale Manual, and (iii) violations of servicing obligations for a Serviced Mortgage that occur prior to the Sale Date.