Primary Servicing Clause Samples

Primary Servicing. Primary Servicing From the Closing Date until the Primary Servicing Termination Date, Master Servicer hereby authorizes and directs Primary Servicer to service each Mortgage Loan and each A/B Mortgage Loan as primary servicer on behalf of and at the direction of the Master Servicer as provided in this Agreement. The Services shall consist of the following:

Primary Servicing. With respect to each Primary Servicer, and unless expressly stated otherwise, the provisions of the Trust Documents will be interpreted as referring only to the Mortgage Loans serviced by that Primary Servicer. Terms such as “Custodial Account” and “Certificate Account” will be construed to mean accounts pertaining to only the Mortgage Loans serviced by that Primary Servicer. With respect to each Mortgage Loan, unless expressly stated otherwise, references to the “Primary Servicer” will mean the particular Primary Servicer (and any Subservicer engaged by that Primary Servicer) that is then servicing that Mortgage Loan.‌

Primary Servicing. 9 SECTION 2.1 PRIMARY SERVICING ................................................... 9 SECTION 2.2

Primary Servicing. SECTION 2.2

Primary Servicing. Section 2.1 Primary Servicing............................................... Section 2.2 Standard of Care.............................................

Primary Servicing. Section 2.2 Standard of Care.......................................

Primary Servicing. (a) From the Closing Date until the Primary Servicing Termination Date, Master Servicer hereby authorizes and directs Primary Servicer to service, and the Primary Servicer hereby agrees to service, the Mortgage Loans as Primary Servicer on behalf and at the direction of the Master Servicer as provided in this Agreement. (b) The Primary Servicer shall perform all tasks and responsibilities necessary to satisfy the requirements set forth under the Task Description, in each case in a manner not inconsistent with the Pooling and Servicing Agreement. (c) On or before the Closing Date the Primary Servicer shall establish the Primary Servicer Collection Account, which shall be an Eligible Account, and the Primary Servicer shall notify the Master Servicer in writing of the name and address of the depository institution at which the Primary Servicer Collection Account is maintained and the number of the Primary Servicer Collection Account. The Primary Servicer shall deliver to the Master Servicer prior written notice of any change in the location, name or address of the applicable depository institution or account number of the Primary Servicer Collection Account. (d) The Primary Servicer shall make efforts consistent with the Servicing Standard to collect all monthly payments of principal and interest with respect to the Mortgage Loans (except for payments due on or prior to the Cut-Off Date), as well as late charges, default interest, Prepayment Premiums, Insurance Proceeds, Condemnation Proceeds and any and all other amounts due from the Mortgagor or a third party with respect to the Mortgage Loans pursuant to the mortgage loan documents for each Mortgage Loan; provided, however, that with respect to any payments that are required under the terms of the applicable mortgage loan documents to be made directly to a Person other than the holder of the related Mortgage Loan, the Primary Servicer shall use efforts consistent with the Servicing Standard to cause such payments to be made. The Primary Servicer shall deposit all payments and collections received by the Primary Servicer into the Primary Servicer Collection Account on a daily basis; provided, however, that the Primary Servicer shall be entitled to retain and pay to itself the related Primary Servicing Fee from the interest portion of any such payments. (e) The Primary Servicer shall not withdraw funds from the Primary Servicer Collection Account, except as follows: (1) on the Primary Servicer Remittance Dat...

Primary Servicing. 9 Section 2.1 Primary Servicing ...................................... 9 Section 2.2 Standard of Care ....................................... 18 Section 2.3 Compensation and Other Payments to the Primary Servicer ............................................ 18 Section 2.4 Primary Servicer Representations and Warranties ........ 19

Primary Servicing. To the extent necessary for the Primary Servicer to comply with applicable laws, or if otherwise consented to by the Master Servicer (which consent shall not be unreasonably withheld or delayed), the Primary Servicer may enter into any sub-subservicing agreement with a sub-subservicer that would permit such sub-subservicer to perform any or all of the Primary Servicer's servicing responsibilities under this Agreement and such sub-subservicer meets the requirements of the PSA; provided, however, if such sub-subservicer would be a servicer as contemplated by Item 1108(a)(2) of Regulation AB, no such sub-subservicer may be Risk Retention Affiliated with or a Risk Retention Affiliate of any Third Party Purchaser; provided, however, that the consent of the Master Servicer shall not be required to engage a third party contractor to perform ministerial tasks, including property inspections. Notwithstanding any sub-subservicing agreement or third party subcontract, the Primary Servicer shall remain obligated and primarily liable to the Master Servicer for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such sub-subservicing agreement or contract to the same extent and under the same terms and conditions as if the Primary Servicer were servicing the Mortgage Loans alone. Any such sub-subservicing agreement must be consistent with the provisions of Section 3.20 of the PSA