Common use of Flood Contracts Clause in Contracts

Flood Contracts. Subservicer shall arrange for all transferable flood monitoring contracts to be transferred from Prior Servicer to Subservicer. To the extent fully paid and transferable, life of loan, flood contracts are not transferred to Subservicer for all Assets as of the Transfer Date, Subservicer shall, upon prior approval from ▇▇▇▇▇▇ ▇▇▇ with regard to such expense and vendor, obtain and maintain such contracts at Fannie Mae’s expense for each Asset.