Administration and Servicing. In administering and servicing the Loans, Vestin Mortgage shall act on behalf of the Assignors as to the Assignors' Participation Interest in the Loans and ▇▇▇▇▇ Financial shall act as agent for the Assignees with respect to the Assignees' Participation Interest in the Loans. Vestin Mortgage agrees to utilize its own facilities and equipment and its own employees and other persons authorized under the Loan Documents in the administering and servicing of the Loans, all without cost to the Assignees.
Appears in 3 contracts
Sources: Assignment Agreement (Vestin Fund Iii LLC), Assignment Agreement (Vestin Fund Ii LLC), Assignment Agreement (Vestin Realty Trust II, Inc)