Common use of Third Party Servicer Clause in Contracts

Third Party Servicer. With respect to Mortgage Assets other than Junior Interests, CMBS, RMBS and Pass-Through Interests, if any Mortgage Assets are serviced by a person other than an Affiliate of the Sellers (such third party, the “Servicer”), (i) the Sellers shall, in accordance with Section 3.02(g), provide to the Agent a copy of the servicing agreement, which shall be in form and substance reasonably acceptable to the Agent (the “Servicing Agreement”) and Sellers shall require each Servicing Agreement to contain provisions relating to the delivery of information and reports as will enable each Seller to comply with its obligations under this Agreement as and when required hereunder, and (ii) each Seller hereby irrevocably assigns to the Agent, and the Agent’s successors and assigns, for the benefit of the Buyers, all of the Seller’s right, title and interest in, to and under, and the benefits of, each Servicing Agreement pertaining to any Mortgage Assets. Each Seller agrees that no Person shall assume the servicing obligations with respect to any Mortgage Assets as successor to the Servicer unless such successor is a Qualified Servicer. The Agent hereby agrees that upon the repurchase of any Mortgage Asset, the Agent shall assign back to the Seller all of its right, title and interest in, to and under, and the benefits of, any Servicing Agreement pertaining to such Mortgage Asset.

Third Party Servicer. With respect to Mortgage Assets other than Junior Interests, CMBS, RMBS and Pass-Through Interests, if If any Mortgage Assets are serviced by a person other than an Affiliate of the Sellers Seller (such third party, the “"Servicer”"), (i) the Sellers Seller shall, in accordance with Section 3.02(g), provide to the Agent Buyer a copy of the servicing agreement, which shall be in form and substance reasonably acceptable to the Agent Buyer (the “"Servicing Agreement”") and Sellers Seller shall require each Servicing Agreement to contain provisions relating to the delivery of information and reports as will enable each Seller to comply with its obligations under this Agreement as and when required hereunder, and (ii) each Seller hereby irrevocably assigns to the AgentBuyer, and the Agent’s Buyer's successors and assigns, for the benefit of the Buyers, all of the Seller’s 's right, title and interest in, to and under, and the benefits of, each Servicing Agreement pertaining to any Mortgage Assets. Each Seller agrees that no Person shall assume the servicing obligations with respect to any Mortgage Assets as successor to the Servicer unless such successor is a Qualified Servicer. The Agent Buyer hereby agrees that upon the repurchase of any Mortgage Asset, the Agent Buyer shall assign back to the applicable Seller all of its Buyer's right, title and interest in, to and under, and the benefits of, any Servicing Agreement pertaining to such Mortgage Asset.

Third Party Servicer. With respect to Mortgage Assets other than Junior Interests, CMBS, RMBS and Pass-Through Interests, if If any Mortgage Assets are serviced by a person other than an Affiliate of the Sellers (such third party, the “"Servicer”"), (i) the Sellers shall, in accordance with Section 3.02(g), provide to the Agent Buyer a copy of the servicing agreement, which shall be in form and substance reasonably acceptable to the Agent Buyer (the “"Servicing Agreement”") and Sellers shall require each Servicing Agreement to contain provisions relating to the delivery of information and reports as will enable each Seller to comply with its obligations under this Agreement as and when required hereunder, and (ii) each Seller hereby irrevocably assigns to the AgentBuyer, and the Agent’s Buyer's successors and assigns, for the benefit of the Buyers, all of the such Seller’s 's right, title and interest in, to and under, and the benefits of, each Servicing Agreement pertaining to any Mortgage Assets. Each Seller agrees that no Person shall assume the servicing obligations with respect to any Mortgage Assets as successor to the Servicer unless such successor is a Qualified Servicer. The Agent Buyer hereby agrees that upon the repurchase of any Mortgage Asset, the Agent Buyer shall assign back to the applicable Seller all of its Buyer's right, title and interest in, to and under, and the benefits of, any Servicing Agreement pertaining to such Mortgage Asset.

Third Party Servicer. With respect to Mortgage Assets other than Junior Interests, CMBS, RMBS and Pass-Through Interests, if If any Mortgage Assets are serviced by a person other than an Affiliate of the Sellers Seller (such third party, the “Servicer”), (i) the Sellers Seller shall, in accordance with Section 3.02(g3.02(f), provide to the Agent Buyer a copy of the servicing agreement, which shall be in form and substance reasonably acceptable to the Agent Buyer (the “Servicing Agreement”) and Sellers Seller shall require each Servicing Agreement to contain provisions relating to the delivery of information and reports as will enable each Seller to comply with its obligations under this Agreement as and when required hereunder, and (ii) each Seller hereby irrevocably assigns to the AgentBuyer, and the AgentBuyer’s successors and assigns, for the benefit of the Buyers, all of the Seller’s right, title and interest in, to and under, and the benefits of, each Servicing Agreement pertaining to any Mortgage Assets. Each Seller agrees that no Person shall assume the servicing obligations with respect to any Mortgage Assets as successor to the Servicer unless such successor is a Qualified Servicer. The Agent Buyer hereby agrees that upon the repurchase of any Mortgage Asset, the Agent Buyer shall assign back to the Seller all of its Buyer’s right, title and interest in, to and under, and the benefits of, any Servicing Agreement pertaining to such Mortgage Asset.