Common use of Servicer Eligibility Standards Clause in Contracts

Servicer Eligibility Standards. 25 4.1.1. Regulatory Approvals and Licensing...........................25 4.1.2. Net Worth and Portfolio Requirements.........................25 4.1.3. Auditor's Opinion; Other Annual Reports and Exchange Act Reporting.......................................25 4.1.4. Use of Subservicers and Subcontractors.......................29 4.1.5. Servicing Experience.........................................30 4.1.6. Material Changes.............................................30 Section 4.2 Errors and Omissions Insurance.................................31 4.2.1. E & O Requirement............................................31 4.2.2. E & O Scope..................................................31 4.2.3. E & O Policy Maintenance.....................................31 4.2.4. E & O Deductible.............................................31 4.2.5. E & O Qualifications.........................................31 Section 4.3 Fidelity Bond Coverage.........................................31 4.3.1. Fidelity Bond Requirement....................................31 4.3.2. Fidelity Bond Coverage.......................................31 4.3.3. Fidelity Bond Scope..........................................31 4.3.4. Fidelity Bond Maintenance....................................31 4.3.5. Fidelity Bond Deductible.....................................32 4.3.6. Fidelity Bond Rating Requirement.............................32 Section 4.4 Servicer's Liability...........................................32 4.4.1. Liability Exposure...........................................32 4.4.2. Scope of Liability...........................................32 Section 4.5 Indemnification................................................32 4.5.1. Scope of Indemnity by Servicer...............................32 4.5.2. Survival of Indemnity........................................33

Servicer Eligibility Standards. 25 4.1.1. Regulatory Approvals and Licensing...........................25 ............................... 4.1.2. Net Worth and Portfolio Requirements.........................25 ............................. 4.1.3. Auditor's Auditors Opinion; Other Annual Reports and Exchange Act Reporting.......................................25 ........................................... 4.1.4. Use of Subservicers and Subcontractors.......................29 ........................... 4.1.5. Servicing Experience.........................................30 ............................................. 4.1.6. Material Changes.............................................30 ................................................. Section 4.2 Errors and Omissions Insurance.................................31 ................................... 4.2.1. E & O Requirement............................................31 ................................................ 4.2.2. E & O Scope..................................................31 ...................................................... 4.2.3. E & O Policy Maintenance.....................................31 ......................................... 4.2.4. E & O Deductible.............................................31 ................................................. 4.2.5. E & O Qualifications.........................................31 ............................................. Section 4.3 Fidelity Bond Coverage.........................................31 ........................................... 4.3.1. Fidelity Bond Requirement....................................31 ........................................ 4.3.2. Fidelity Bond Coverage.......................................31 ........................................... 4.3.3. Fidelity Bond Scope..........................................31 .............................................. 4.3.4. Fidelity Bond Maintenance....................................31 ........................................ 4.3.5. Fidelity Bond Deductible.....................................32 ......................................... 4.3.6. Fidelity Bond Rating Requirement.............................32 Section 4.4 Servicer's Liability...........................................32 4.4.1. Liability Exposure...........................................32 4.4.2. Scope of Liability...........................................32 Section 4.5 Indemnification................................................32 4.5.1. Scope of Indemnity by Servicer...............................32 4.5.2. Survival of Indemnity........................................33.................................

Servicer Eligibility Standards. 25 4.1.1. Regulatory Approvals and Licensing...........................25 ............................... 4.1.2. Net Worth and Portfolio Requirements.........................25 ............................. 4.1.3. Auditor's Auditors Opinion; Other Annual Reports and Exchange Act Reporting.......................................25 ........................................... 4.1.4. Use of Subservicers and Subcontractors.......................29 ........................... 4.1.5. Servicing Experience.........................................30 ............................................. 4.1.6. Material Changes.............................................30 ................................................. Section 4.2 Errors and Omissions Insurance.................................31 .................................... 4.2.1. E & O Requirement............................................31 ................................................ 4.2.2. E & O Scope..................................................31 ...................................................... 4.2.3. E & O Policy Maintenance.....................................31 ......................................... 4.2.4. E & O Deductible.............................................31 ................................................. 4.2.5. E & O Qualifications.........................................31 ............................................. Section 4.3 Fidelity Bond Coverage.........................................31 ............................................ 4.3.1. Fidelity Bond Requirement....................................31 ........................................ 4.3.2. Fidelity Bond Coverage.......................................31 ........................................... 4.3.3. Fidelity Bond Scope..........................................31 .............................................. 4.3.4. Fidelity Bond Maintenance....................................31 ........................................ 4.3.5. Fidelity Bond Deductible.....................................32 ......................................... 4.3.6. Fidelity Bond Rating Requirement.............................32 Section 4.4 Servicer's Liability...........................................32 4.4.1. Liability Exposure...........................................32 4.4.2. Scope of Liability...........................................32 Section 4.5 Indemnification................................................32 4.5.1. Scope of Indemnity by Servicer...............................32 4.5.2. Survival of Indemnity........................................33.................................