Common use of Servicer May Own Securities Clause in Contracts

Servicer May Own Securities. The Servicer and any of its Affiliates may, in its individual or other capacity, become the owner or pledgee of Securities with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicer, except as otherwise expressly provided herein or in any other Basic Document (including in the definition of the terms

Servicer May Own Securities. The Servicer Servicer, and any Affiliate of its Affiliates the Servicer, may, in its individual or any other capacity, become the owner or of pledgee of Securities any securities issued in connection with any Securitization with the same rights as it would have if it were not the Servicer or an Affiliate of the Servicerthereof, except as otherwise expressly provided herein or in any other Basic Document (including in the definition transaction documents related to the issuance of the termssuch securities.