Common use of Software Programs Clause in Contracts

Software Programs. Servicer owns, or has valid and ------------------ existing licenses of or subcontracts with respect to, all software programs sufficient to service the Portfolio and produce the Monthly Reports and Portfolio Certificates, of which software, licenses and subcontracts is either assignable to a successor Servicer or is readily available without undue cost.

Software Programs. Servicer owns, or has valid and ------------------ existing licenses of or subcontracts with respect to, all software programs sufficient to service the Portfolio and produce the Monthly Reports and Portfolio CertificatesReports, of which software, licenses and subcontracts is either assignable to a successor Servicer or is readily available without undue cost. All such software programs have been certified or contractually guaranteed to be year 2000 compliant (i.e. able to differentiate between 2000 and 1900) by the software vendors.