Common use of Sale and Transfer of Servicing and Escrows Clause in Contracts

Sale and Transfer of Servicing and Escrows. (a) The Designated Loans shall be sold on a servicing released basis. As of the Closing Date, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Designated Loans on and after the Closing Date will be assumed by Purchaser. Seller shall be discharged and indemnified by Purchaser from all liability with respect to servicing of the Designated Loans on and after the Closing Date, and Purchaser shall be indemnified by Seller from all liability with respect to servicing the Designated Loans prior to the Closing Date.

Sale and Transfer of Servicing and Escrows. (a) The Designated Loans shall be sold on a servicing released basis. As of the Closing Date, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Designated Loans on and after the Closing Date will be assumed by PurchaserBuyer. Seller shall be discharged and indemnified by Purchaser Buyer from all liability with respect to servicing of the Designated Loans on and after the Closing Date, Date and Purchaser Buyer shall be discharged and indemnified by Seller from all liability with respect to servicing of the Designated Loans on or prior to the Closing Date.

Sale and Transfer of Servicing and Escrows. (a) The Designated Loans shall be sold on a servicing servicing-released basis. As of the Closing Date, all rights, obligations, liabilities and responsibilities with respect to the servicing of the Designated Loans on and after the Closing Date will shall be assumed by Purchaser. Seller and its Affiliates shall be discharged and indemnified by Purchaser from all liability with respect to servicing of the Designated Loans on and after the Closing Date, Date and Purchaser shall not assume and shall be discharged and indemnified by Seller and its Affiliates from all liability with respect to servicing of the Designated Loans on or prior to the Closing Date.