Vendor Oversight Sample Clauses

Vendor Oversight. Provide general oversight of Fund service providers, other than money managers and managers of underlying funds in which the Funds are invested

Vendor Oversight. 1. Servicer will comply with all of the Servicing Standards for loans it services, regardless of whether it performs the relevant servicing or default functions itself, using employees or contractors, or relies on a subsidiary, affiliate, or any vendor to do so.

Vendor Oversight. Any Vendor engaged by the Servicer shall be engaged on commercially reasonable, arm’s length basis and at competitive rates of compensation. Upon request, the Servicer shall provide the Owner with the names of any Vendor used by the Servicer in connection with the performance of any of its obligations under this Agreement. If the Owner or the Servicer identifies any Vendor as having been materially deficient, including as a result of reputational, financial, legal, expense or performance issues, the Servicer shall take appropriate measures to assess if such deficiency can be corrected, and if not, to replace such Vendor for the obligations set forth in this Agreement as soon as reasonably practical with a Vendor acceptable under Acceptable Servicing Practices. The Servicer shall require that all Vendors, as a condition to their engagement by the Servicer, agree (i) to be bound by provisions substantially similar in nature and in all material respects to provisions of this Agreement applicable to the services provided by such Vendor with respect to this Agreement (specifically, but not limited to, compliance with Acceptable Servicing Practices) and (ii) to implement policies and procedures relating to services provided with respect to this Agreement that comply with all Applicable Law and the servicing standards consistent with this Agreement. At the request of the Owner, the Servicer shall use commercially reasonable efforts to cause its Vendors performing services with respect to the Mortgage Loans to respond to any reasonable inquiries by the Owner or its regulators relating to any such Vendor’s performance of such services and compliance with Applicable Law, including without limitation inquiries regarding such Vendor’s qualifications, expertise, capacity and staffing levels, training programs, work quality and workload balance, reputation (including complaints), information security, document custody practices, business continuity, and financial viability.

Vendor Oversight