Common use of Servicing Responsibilities Clause in Contracts

Servicing Responsibilities. The Administrator will disburse all PACE Charge payments received from the City with respect to each Loan in accordance with the express terms and provisions of the Collection Agreement, the Master Transfer and Remittance Agreement, this Agreement and the Administration Agreement, but will have no obligations with respect to the collection of delinquent payments with respect to any Loan or any other servicing or special servicing duties under this Agreement.