Common use of The Purchasers May Act Through Agents Clause in Contracts

The Purchasers May Act Through Agents. To the extent permitted under the applicable Serviced Corporate Trust Contracts, the Purchasers may perform any of the Serviced Duties through agents, so long as the Purchasers exercise the degree of care required pursuant to Section 3.5 in selecting and supervising any such agents. The fees and expenses of any such agents shall be the obligations of the Purchasers, and the Sellers shall have no obligation with respect to any such fees or expenses. The Purchasers shall remain fully obligated and responsible for the performance of all of its obligations under this Agreement, notwithstanding their engagement of any such agents.

Appears in 375 contracts

Samples: Servicing Agreement (Benchmark 2021-B30 Mortgage Trust), Servicing Agreement (Carvana Auto Receivables Trust 2021-P1), Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12)

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