Common use of Liabilities of the Master Servicer Clause in Contracts

Liabilities of the Master Servicer. The Master Servicer shall be liable in accordance herewith only to the extent of the obligations specifically imposed upon and undertaken by it herein. The parties agree that the Master Servicer shall master service the Mortgage Loans in accordance with the terms of this Agreement. In that regard, the Master Servicer shall supervise, administer, monitor and oversee the servicing of the Mortgage Loans by each Sub-Servicer pursuant to the terms of its Sub-Servicing Agreement, in accordance with this Agreement and applicable laws and regulations and giving due consideration to customary and usual standards of practice of prudent mortgage lenders and master servicers. In addition, the Master Servicer shall (i) oversee and consult with each Sub-Servicer as appropriate from time to time to fulfill the Master Servicer's obligations hereunder, (ii) receive, review and evaluate all reports, information and other data and documents provided to the Master Servicer by each Sub-Servicer and (iii) otherwise exercise its best efforts, as more fully set forth herein, to cause each Sub-Servicer to perform and observe the covenants, obligations and conditions required to be performed under its Sub-Servicing Agreement.