Common use of Sole Administration by Agent Clause in Contracts

Sole Administration by Agent. Subject to the provisions of Section 8.3, Agent shall solely be responsible for and will administer, service and manage the Loan in accordance with this Agreement and the other Loan Documents, all in such manner as it determines in its sole discretion, provided its actions are in accordance with the Servicing Standard.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Owens Realty Mortgage, Inc.)