Common use of Transmission of Mortgage Files Clause in Contracts

Transmission of Mortgage Files. Written instructions as to the method of shipment and shipper(s) the Custodian is directed to utilize in connection with the transmission of Mortgage Files and Related Documents in the performance of the Custodian's duties hereunder shall be delivered by the Servicer to the Custodian prior to any shipment of any Mortgage Files and Related Documents hereunder. The Servicer will arrange for the provision of such services at its sole cost and expense (or, at the Custodian's option, reimburse the Custodian for all costs and expenses incurred by the Custodian consistent with such instructions) and will maintain such insurance against loss or damage to Mortgage Files and Related Documents as the Servicer deems appropriate. Without limiting the generality of the provisions of Section 3.2 above, it is expressly agreed that in no event shall the Custodian have any liability for any losses or damages to any person, including without limitation, the Servicer, arising out of actions of the Custodian consistent with instructions of the Servicer. If the Custodian does not receive written direction, the Custodian is hereby authorized and indemnified to utilize a nationally recognized courier service.

Transmission of Mortgage Files. Written instructions as to the method of shipment and shipper(s) the Custodian is directed to utilize in connection with the transmission of Mortgage Files and Related Documents in the performance of the Custodian's ’s duties hereunder shall be delivered by the Master Servicer or the Servicer to the Custodian prior to any shipment of any Mortgage Files and Related Documents hereunder. The Master Servicer or the Servicer will arrange for the provision of such services at its sole cost and expense (or, at the Custodian's ’s option, reimburse the Custodian for all costs and expenses incurred by the Custodian consistent with such instructions) and will maintain such insurance against loss or damage to Mortgage Files and Related Documents as the Master Servicer and the Servicer deems appropriate. Without limiting the generality of the provisions of Section 3.2 above, it is expressly agreed that in no event shall the Custodian have any liability for any losses or damages to any person, including without limitation, limitation the Master Servicer or the Servicer, arising out of actions of the Custodian consistent with instructions of the Master Servicer or the Servicer, as the case may be. If the Custodian does not receive written direction, the Custodian is hereby authorized and indemnified to utilize a nationally recognized courier service, and shall incur no liability for acting in accordance with this sentence.

Transmission of Mortgage Files. Written instructions as to the method of shipment and shipper(s) the Custodian is directed to utilize in connection with the transmission of Mortgage Files and Related Documents in the performance of the Custodian's duties hereunder shall be delivered by the Master Servicer or the Servicer to the Custodian prior to any shipment of any Mortgage Files and Related Documents hereunder. The Master Servicer or the Servicer will arrange for the provision of such services at its sole cost and expense (or, at the Custodian's option, reimburse the Custodian for all costs and expenses incurred by the Custodian consistent with such instructions) and will maintain such insurance against loss or damage to Mortgage Files and Related Documents as the Master Servicer and the Servicer deems appropriate. Without limiting the generality of the provisions of Section 3.2 above, it is expressly agreed that in no event shall the Custodian have any liability for any losses or damages to any person, including without limitation, limitation the Master Servicer or the Servicer, arising out of actions of the Custodian consistent with instructions of the Master Servicer or the Servicer, as the case may be. If the Custodian does not receive written direction, the Custodian is hereby authorized and indemnified to utilize a nationally recognized courier service, and shall incur no liability for acting in accordance with this sentence.

Transmission of Mortgage Files. Written Prior to any shipment of any Mortgage Files, or other Mortgage Loan Documents hereunder, the Seller shall deliver to the Custodian written instructions as to the method of shipment and shipper(s) the Custodian is directed to utilize in connection with the transmission of Mortgage Files and Related or other Mortgage Loan Documents in the performance of the Custodian's ’s duties hereunder shall be delivered by the Servicer to the Custodian prior to any shipment of any Mortgage Files and Related Documents hereunder. The Servicer will Seller shall arrange for the provision of such services at its sole cost and expense (or, at the Custodian's ’s option, reimburse the Custodian for all costs and expenses incurred by the Custodian consistent with such instructions) and will maintain such insurance against loss or damage to Mortgage Files and Related or other Mortgage Loan Documents as the Servicer Seller deems appropriate. Without limiting the generality of the provisions of Section 3.2 13 above, it is expressly agreed that in no event shall the Custodian have any liability for any losses or damages to any person, including without limitation, the ServicerSeller, arising out of actions of the Custodian consistent with the instructions of the ServicerSeller. If In the event the Custodian does not receive such written directioninstructions, the Custodian is hereby shall be authorized and shall be indemnified as provided herein to utilize a nationally recognized courier service.