Common use of Servicer as Custodian Clause in Contracts

Servicer as Custodian. ACCESS 1 Section 2.1 Custody of Contract Files and Access 1 ARTICLE III ADMINISTRATION AND SERVICING OF EACH PROGRAM PORTFOLIO 2 Section 3.1 Duties of the Subservicer 2 Section 3.2 Collection of Program Receivable Payments 3 Section 3.3 Specifics of Default Servicing; Insurance Policies 3 Section 3.4 Maintenance of Security Interests in Underlying Collateral 3 Section 3.5 Inquiries 4 Section 3.6 Covenant of the Subservicer 4 Section 3.7 Delegation by the Subservicer 4 Section 3.8 Records Retention 4 Section 3.9 Annual and Monthly Reporting; Cooperation 5 ARTICLE IV DISTRIBUTIONS; STATEMENTS 6 Section 4.1 Deposits of Collections 6 Section 4.2 Payment of Servicing Fee and Expenses 6 Section 4.3 Statements to Servicer 7