Common use of Sub-Servicing of Specially Serviced Mortgage Loans Clause in Contracts

Sub-Servicing of Specially Serviced Mortgage Loans. (a) Except as otherwise expressly provided herein, the Special Sub-Servicer shall sub-service each Specially Serviced Mortgage Loan in compliance with the terms and conditions of the related Pooling and Servicing Agreement and the Special Sub-Servicer shall succeed to and undertake all rights, duties and obligations of the Company to service the Specially Serviced Mortgage Loans in accordance with the terms of the applicable Pooling and Servicing Agreement, (including, without limitation, the obligation to make Advances and Servicing Advances with respect to the Specially Serviced Mortgage Loans, the right to purchase (or cause the Company to purchase) the Specially Serviced Mortgage Loans from the related Trustee, the right to receive a Master Servicing Fee following the related Effective Date with respect to Specially Serviced Mortgage Loans and the right to reimbursement of Advances and Servicing Advances made by the Special Sub-Servicer with respect to Specially Serviced Mortgage Loans).

Appears in 6 contracts

Samples: Special Sub Servicing Agreement (Alternative Loan Trust 2006-33cb), Special Sub Servicing Agreement (Alternative Loan Trust 2007-2cb), Special Sub Servicing Agreement (Cwalt Inc)

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