Common use of Servicing and Management Clause in Contracts

Servicing and Management. Seller has adequate financial standing and, through each Servicing Agreement with a Servicer and the REO Asset Management Agreement with the Property Manager, access to servicing facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans and management of REO properties of the same types as may from time to time constitute Trust Mortgage Loans and REO Properties and in accordance with Accepted Servicing Practices.

Servicing and Management. Seller has adequate financial standing andor, through each Servicing Agreement with a Servicer and the REO Asset Management Agreement with the Property Asset Manager, has access to servicing facilities, procedures and experienced personnel personnel, in either case, necessary for the sound servicing of mortgage loans and management of REO properties of the same types as may from time to time constitute Trust Mortgage Loans and REO Properties and in accordance with Accepted Servicing Practices.