Subcontractors and Vendors. The Subservicer shall have full power and authority to enter into one or more agreements with Affiliates, subcontractors, vendors or other third parties for the performance of inspections, monitoring insurance and/or taxes, financial statement collection calls, UCC Financing Statements, appraisals, flood certifications, imaging, defeasance, satisfactions and legal; provided that the Subservicer may engage third parties for the underwriting of assumptions and modifications on a case-by-case basis, upon approval of KRECM. Subservicer shall remain obligated and liable to KRECM for performing all such Amended & Restated Master Subservicing Agreement delegated duties in accordance with this Agreement without diminution of such obligation or liability by virtue of such delegation. The Subservicer shall be obligated to pay all fees and expenses of any Affiliates, subcontractors, vendors or other third parties out of its subservicing fee amounts.
Appears in 3 contracts
Samples: Subservicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21), Subservicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21), Subservicing Agreement (CSAIL 2015-C1 Commercial Mortgage Trust)
Subcontractors and Vendors. The Subservicer shall have full power and authority to enter into one or more agreements with Affiliates, subcontractors, vendors or other third parties for the performance of inspections, monitoring insurance and/or taxes, financial statement collection calls, UCC Financing Statements, appraisals, flood certifications, imaging, defeasance, satisfactions and legal; provided that the Subservicer may engage third parties for the underwriting of assumptions and modifications on a case-by-case basis, upon approval of KRECM. Subservicer shall remain obligated and liable to KRECM for performing all such Amended & Restated Master Subservicing Agreement delegated duties in accordance with this Agreement without diminution of such obligation or liability by virtue of such delegation. The Subservicer shall be obligated to pay all fees and expenses of any Affiliates, subcontractors, vendors or other third parties out of its subservicing fee amounts.
Appears in 2 contracts
Samples: Subservicing Agreement (COMM 2015-Dc1 Mortgage Trust), Subservicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5)