Sub-Servicer to Service Clause Samples
The "Sub-Servicer to Service" clause defines the arrangement by which a primary servicer delegates certain servicing responsibilities to a sub-servicer. In practice, this means that while the main servicer remains contractually responsible for the overall servicing obligations, specific tasks—such as collecting payments or managing borrower communications—may be handled by a third party. This clause ensures that the delegation of duties is clearly authorized and that accountability is maintained, thereby facilitating efficient management of servicing functions while clarifying the roles and responsibilities of all parties involved.
Sub-Servicer to Service. (a) The Sub-Servicer, as an independent contractor, shall service and administer the Mortgage Loans and the Serviced Pari Passu Companion Loan on behalf of the Trust Fund and Trustee (for the benefit of the Certificateholders or in the case of the Serviced Pari Passu Companion Loan for the benefit of the Certificateholders and the Companion Loan Holder as a collective whole as if such Certificateholders and Companion Loan Holder constituted a single lender, subject to the terms and conditions of the related Co-Lender Agreement) as determined in the good faith and reasonable judgment of the Sub-Servicer in accordance with: (i) any and all applicable laws; (ii) the express terms of this Agreement, the Pooling and Servicing Agreement, the Loan Documents and, in the case of the Serviced Pari Passu Companion Loan, the related Co-Lender Agreement, and (iii) to the extent consistent with the foregoing, the Servicing Standard under the Pooling and Servicing Agreement.
(b) The Sub-Servicer shall perform, on behalf of the Master Servicer, all of the obligations of the Master Servicer as set forth in those sections of the Pooling and Servicing Agreement specifically incorporated herein pursuant to Section 3.01(c) of this Agreement (the “Incorporated Sections”), as modified by Section 3.01(c) of this Agreement, and the Master Servicer shall have the same rights with respect to the Sub-Servicer that the Trustee, the Certificate Administrator, the Custodian, the Depositor, the Rule 17g-5 Information Provider, the Asset Representations Reviewer, the Underwriters, the Controlling Class Representative, the Operating Advisor, the Rating Agencies, the Certificateholders, the Serviced Companion Loan Holder and the Special Servicer (including, without limitation, the right of the Special Servicer to direct the Master Servicer during certain periods) have with respect to the Master Servicer under the Pooling and Servicing Agreement to the extent that the Sub-Servicer is acting on behalf of the Master Servicer hereunder and except as otherwise set forth herein. Without limiting the foregoing, and subject to Section 3.22 of the Pooling and Servicing Agreement as modified herein, the Sub-Servicer shall service and administer all of the Mortgage Loans and the Serviced Pari Passu Companion Loan so long as they are not Specially Serviced Loans; provided, however, that the Sub-Servicer shall continue to receive payments (and provide notice to the Master Servicer of such payments), col...
Sub-Servicer to Service. Section 3.02 Merger or Consolidation of the Sub-Servicer........
Sub-Servicer to Service. (a) The Sub-Servicer, as an independent contractor, shall service and administer the Mortgage Loans on behalf of the Trust Fund and Trustee (for the benefit of the Certificateholders) in accordance with: (i) any and all applicable laws; (ii) the express terms of this Agreement, the Pooling and Servicing Agreement and the Loan Documents; and (iii) the Servicing Standard under the Pooling and Servicing Agreement.
(b) The Sub-Servicer shall perform, on behalf of the Master Servicer, all of the obligations of the Master Servicer as set forth in those sections of the Pooling and Servicing Agreement specifically incorporated herein pursuant to Section 3.01(c) of this Agreement (the “Incorporated Sections”), as modified by Section 3.01(c) of this Agreement, and the Master Servicer shall have the same rights with respect to the Sub-Servicer that the Trustee, the Certificate Administrator, the Custodian, the Depositor, the Rule 17g-5 Information Provider, the Asset Representations Reviewer, the Underwriters, the Controlling Class Representative, the Operating Advisor, the Rating Agencies, the Certificateholders and the Special Servicer (including, without limitation, the right of the Special Servicer to direct the Master Servicer during certain periods) have with respect to the Master Servicer under the Pooling and Servicing Agreement to the extent that the Sub-Servicer is acting on behalf of the Master Servicer hereunder and except as otherwise set forth herein. Without limiting the foregoing, and subject to
Sub-Servicer to Service. (a) The Sub-Servicer, as an independent contractor, shall service and administer the Mortgage Loans in accordance with the Pooling and Servicing Agreement and this Agreement, including the additional servicing procedures set forth on Schedule 3.01(a) hereto as may be amended from time to time. This Agreement shall govern in the event of any conflict between this Agreement and the additional servicing procedures. The Sub-Servicer shall perform all obligations of Servicer under the Pooling and Servicing Agreement except as specifically provided herein and shall prepare and deliver to Servicer all documents and reports required to be delivered by the Servicer to the Trustee or the Certificate Insurer at least two (2) Business Days
Sub-Servicer to Service a) The Sub-Servicer, as an independent contractor, shall service and administer the Mortgage Loans in a manner consistent with the Servicing Standard under the Pooling and Servicing Agreement.
Sub-Servicer to Service. (a) The Sub-Servicer, as an independent contractor, shall service and administer the Mortgage Loans in accordance with the Servicing Agreement and this Agreement, including the additional servicing procedures set forth on Schedule 3.01(a) hereto as may be amended from time to time. This Agreement shall govern in the event of any conflict between this Agreement and the additional servicing procedures. The Sub-Servicer shall perform all obligations of Servicer under the Servicing Agreement except as specifically provided herein and shall prepare and deliver to Servicer all documents and reports required to be delivered by the Servicer to the Indenture Trustee or the Financial Guaranty Insurer at least two (2) Business Days prior to the date the Servicer must deliver such reports, provided, however, that Sub-Servicer shall provide to Servicer such information as to the Mortgage Loans being serviced by Sub-Servicer as is required by Servicer to prepare the Servicer Remittance Report not later than the second