Common use of Servicing and Collection Practices Clause in Contracts

Servicing and Collection Practices. The servicing and collection practices used by the Seller or, to the Seller's knowledge, any prior holder of the related Mortgage Note with respect to such Mortgage Loan have been in all respects legal and have met customary industry standards.

Appears in 20 contracts

Sources: Mortgage Loan Purchase Agreement (LB-UBS Commercial Mortgage Trust 2007-C7), Mortgage Loan Purchase Agreement (LB-UBS Commercial Mortgage Trust 2004-C6), Mortgage Loan Purchase Agreement (LB-UBS Commercial Mortgage Trust 2004-C8)

Servicing and Collection Practices. The servicing and collection practices used by the Seller or, to the Seller's knowledge, any prior holder of the related Mortgage Note with respect to such the Mortgage Loan have been in all respects legal and have met customary industry standards.

Appears in 2 contracts

Sources: Mortgage Loan Purchase Agreement (LB-UBS Commercial Mortgage Trust 2007-C2), Mortgage Loan Purchase Agreement (LB-UBS Commercial Mortgage Trust 2007-C2)

Servicing and Collection Practices. The servicing and collection practices used by the Seller or, to the Seller's knowledge, or any prior holder of the related Mortgage Note with respect to such Mortgage Loan have been in all respects legal and have met customary industry standards.

Appears in 1 contract

Sources: Mortgage Loan Purchase Agreement (Structured Asset Securities Corp)