Servicing Standards and Administration Clause Samples

Servicing Standards and Administration. The Mortgage Loans shall be administered and serviced consistent with the terms of the Subservicing Agreement, whether or not the Subservicing Agreement is in effect. Seller shall be responsible for the execution of any and all notices, and other acts necessary in connection with the transfer of ownership of the respective Participations to Participant, and its successors and assigns, and for preserving all rights in the Mortgage Loans.