Administration and Servicing Certain Covenants Sample Clauses
The "Administration and Servicing; Certain Covenants" clause defines the responsibilities and obligations of parties involved in managing and servicing an agreement or asset, such as a loan or trust. It typically outlines the standards and procedures for ongoing administration, including record-keeping, reporting, and compliance with specified covenants or promises. For example, the clause may require the servicer to maintain accurate records, provide regular updates to stakeholders, and adhere to certain operational or financial standards. Its core function is to ensure that the asset or agreement is managed properly and that all parties fulfill their ongoing commitments, thereby reducing the risk of mismanagement or default.
Administration and Servicing Certain Covenants. 46 SECTION 6.01 Appointment and Designation of the Servicer............. 46 SECTION 6.02 Collection of Certain Pledged Receivable Payments....... 47 SECTION 6.03
Administration and Servicing Certain Covenants. 113 SECTION 6.01 Appointment and Designation of the Servicer..113 SECTION 6.02 Collection of Receivable Payments; Modification and Amendment of Receivables....115 SECTION 6.03 Realization Upon Receivables.................116 SECTION 6.04 Insurance Regarding Intervals................116 SECTION 6.05 Maintenance of Security Interests in Intervals....................................117 SECTION 6.06 Pledged Receivable Receipts..................118 SECTION 6.07 [Intentionally omitted]......................118 SECTION 6.08 Unidentified Payments; Lender's Right of Presumption..................................118 SECTION 6.09 No Rights of Withdrawal......................118 SECTION 6.10
Administration and Servicing Certain Covenants. 63 SECTION 6.01 Appointment and Designation of the Servicer ....
Administration and Servicing Certain Covenants