Common use of Servicing Obligations Clause in Contracts

Servicing Obligations. (a) Seller shall (or, prior to the Servicing Transfer Date, shall cause the Interim Servicer to,) pay, perform and discharge all liabilities and obligations relating to the Servicing, including all liabilities and obligations under the Mortgage Loan Documents, Applicable Law and the Servicing Agreements; and shall pay, perform and discharge all the rights, obligations and duties with respect to the Related Escrow Accounts as required by the Agency, the Servicing Agreements, the Mortgage Loan Documents, all Applicable Law and in accordance with the Purchase and Sale Agreement. (b) Under no circumstances shall Purchaser be responsible for the Servicing acts and omissions of Seller or any other servicer or any originator of the Mortgage Loans, or for any servicing related obligations or liabilities of any servicer in the Servicing Agreements or of any Person under the Mortgage Loan Documents, or for any other obligations or liabilities of Seller or Bank of America. (c) Upon termination of any Servicing Agreement, Seller shall remain liable to Purchaser and the Agency for all liabilities and obligations incurred by the servicer or its designee while Seller or its designee was acting as the servicer thereunder. (d) Seller shall conduct quality control reviews of its servicing operations in accordance with industry standards and the requirements of the Agency.

Servicing Obligations. (a) Seller shall (or, prior to the Servicing Transfer Date, shall cause the Interim Servicer to,) pay, perform and discharge all liabilities and obligations relating to the Servicing, including all liabilities and obligations under the Mortgage Loan Documents, Applicable Law Law, the Servicing Agreements and the Servicing Agreements; agreement with any sub-servicer, and shall pay, perform and discharge all the rights, obligations and duties with respect to the Related Escrow Accounts as required by the Agency, the Servicing Agreements, the Mortgage Loan Documents, all Documents and Applicable Law and in accordance with the Purchase and Sale AgreementLaw. (b) Under no circumstances shall Purchaser be responsible for the Servicing acts and omissions of Seller or any other servicer or any originator of the Mortgage Loans, or for any servicing related obligations or liabilities of any servicer in the Servicing Agreements or of any Person under the Mortgage Loan Documents, or for any other obligations or liabilities of Seller or Bank of America.Seller. Notwithstanding the foregoing, Purchaser is obligated as provided in the Acknowledgement Agreement (c) Upon termination of any Servicing Agreement, Seller shall remain liable to Purchaser and the Agency for all liabilities and obligations incurred by the servicer or its designee while Seller or its designee was acting as the servicer thereunder. (d) Seller shall conduct quality control reviews of its servicing operations in accordance with industry standards Applicable Law, Accepted Servicing Practices and the requirements of the Agency.

Servicing Obligations. (a) Seller shall (or, prior to the Servicing Transfer Date, shall cause the Interim Servicer to,) pay, perform and discharge all liabilities and obligations relating to the Servicing, including all liabilities and obligations under the Mortgage Loan Documents, Applicable Law Law, the Servicing Agreements and the Servicing Agreements; agreement with the Sub-servicer, and shall pay, perform and discharge all the rights, obligations and duties with respect to the Related Escrow Accounts as required by the Agency, the Servicing Agreements, the Mortgage Loan Documents, all Documents and Applicable Law and in accordance with the Purchase and Sale AgreementLaw. (b) Under no circumstances shall Purchaser be responsible for the Servicing acts and omissions of Seller or any other servicer or any originator of the Mortgage Loans, or for any servicing related obligations or liabilities of any servicer in the Servicing Agreements or of any Person under the Mortgage Loan Documents, or for any other obligations or liabilities of Seller or Bank of America.Seller. Notwithstanding the foregoing, Purchaser is obligated as provided in the Acknowledgement Agreement (c) Upon termination of any Servicing Agreement, Seller shall remain liable to Purchaser and the Agency for all liabilities and obligations incurred by the servicer or its designee while Seller or its designee was acting as the servicer thereunder. (d) Seller shall conduct quality control reviews of its servicing operations in accordance with industry standards Applicable Law, Accepted Servicing Practices and the requirements of the Agency.

Servicing Obligations. (a) Pursuant to the Mortgage Servicing Rights Purchase and Sale Agreement, with respect to each Mortgage Loan, either Bank of America, National Association or Seller shall (or, prior to the Servicing Transfer Date, shall cause the Interim Servicer to,) pay, perform and discharge all liabilities and obligations relating to the Servicing, including all liabilities and obligations under the Mortgage Loan Documents, Applicable Law and the Servicing Agreements; and shall pay, perform and discharge all the rights, obligations and duties with respect to the Related Escrow Accounts as required by the applicable Agency, the Servicing Agreements, the Mortgage Loan Documents, Documents and all Applicable Law and in accordance with the Purchase and Sale AgreementLaw. (b) Under no circumstances shall Purchaser be responsible for the Servicing acts and omissions of Bank of America, National Association, Seller or any other servicer or any originator of the Mortgage Loans, or for any servicing related obligations or liabilities of any servicer in the Servicing Agreements or of any Person under the Mortgage Loan Documents, or for any other obligations or liabilities of Seller or either Bank of America, National Association or Seller. (c) Upon termination of any Servicing Agreement, Seller shall remain liable to Purchaser and the applicable Agency for all liabilities and obligations incurred by the servicer Servicer or its designee while Seller or its designee was acting as the servicer Servicer thereunder. (d) Seller shall conduct quality control reviews of its servicing operations in accordance with industry standards and the requirements of the Agency.

Servicing Obligations. (a) Seller shall (orshall, or prior to the Servicing Transfer Date, shall cause the Interim Servicer to,) , pay, perform and discharge all liabilities and obligations relating to the Servicing, including all liabilities and obligations under the Mortgage Loan Documents, Applicable Law and the Servicing Agreements; and shall pay, perform and discharge all the rights, obligations and duties with respect to the Related Escrow Accounts as required by the Agency, the Servicing Agreements, the Mortgage Loan Documents, all Applicable Law and in accordance with the Purchase and Sale Agreement. (b) Under no circumstances shall Purchaser be responsible for the Servicing acts and omissions of Seller or any other servicer or any originator of the Mortgage Loans, or for any servicing related obligations or liabilities of any servicer in the Servicing Agreements or of any Person under the Mortgage Loan Documents, or for any other obligations or liabilities of Seller or Bank of America. (c) Upon termination of any Servicing Agreement, Seller shall remain liable to Purchaser and the Agency for all liabilities and obligations incurred by the servicer or its designee while Seller or its designee was acting as the servicer thereunder. (d) Seller shall conduct quality control reviews of its servicing operations in accordance with industry standards and the requirements of the Agency.