Common use of Duties and Responsibilities of the Servicer Clause in Contracts

Duties and Responsibilities of the Servicer. Subject to the provisions of this Loan Agreement, the Servicer shall conduct or supervise the servicing, administration and collection of the Borrower Collateral and shall take, or cause to be taken, all actions that (i) may be necessary or advisable to service, administer and collect all amounts due to the Borrower under each Trust Investment and each other item of Borrower Collateral from time to time, (ii) the Servicer would take if the Borrower's interests in the Borrower Collateral were owned by the Servicer, and (iii) are consistent with industry practice for the servicing of such Borrower Collateral.