Common use of Servicing Agent Clause in Contracts

Servicing Agent. For so long as no Event of Default has occurred hereunder, Borrower or an Affiliate of Borrower; thereafter, Backup Servicer or such other Person as Lender engages, in its sole discretion, at Borrower's sole cost and expense. Servicing Agent shall service each Applicable Underlying Loan, which shall include but not be limited to the collection of all amounts owed Borrower by the Applicable Underlying Borrower, pursuant to the Applicable Underlying Loan Documents, subject to the terms, provisions, and conditions of Section 2 hereof and of the Servicing Agreement and the Lockbox Agreement.

Servicing Agent. For so long as no Event of Default has occurred hereunder, Borrower or an Affiliate of Borrower; thereafter, Backup Servicer or such other Person as Lender engages, in its sole discretion, at Borrower's sole cost and expense. Servicing Agent shall service each Applicable Underlying Loan, which shall include but not be limited to the collection of Release Fees and all other amounts owed Borrower by the Applicable Underlying Borrower, pursuant to the Applicable Underlying Loan Documents, subject to the terms, provisions, and conditions of Section 2 hereof and of the Servicing Agreement and the Lockbox Agreement.