Administration of the Loan. The Borrower will comply, during the term of the Loan, with the City's requirements with regard to Draw Request procedures, reporting procedures, and other matters related to the Loan; will utilize the City's forms in connection therewith; and, without limiting the generality of the foregoing, will provide the City monthly, during the term of the Loan, with such photographs of the Property as the City shall reasonably require.
Administration of the Loan. (a) The Lender shall provide the Department with copies of all financial statements provided by the Borrower to the Lender, and copies of all Loan Documents. Unless the Department specifically exempts one or more specific documents (under terms and conditions acceptable to the Department), the Lender shall provide the Department with any additional documents in its possession or control arising out of, or related to, the Loan or the Loan Documents.
Administration of the Loan. The Bank may administer the Loan or any part thereof by booking same with any of its branches, whether in Israel or abroad. The Bank may at any time and from time to time at its own discretion and without any consent being required from the Borrower, transfer the administration of the Loan or any part thereof from one branch of the Bank to another, whether in Israel or abroad without prejudice to the Borrower as a consequence of such transfer.
Administration of the Loan. (a) Except as otherwise provided by this Participation Agreement, the original Loan Documents shall be retained by the Lending Institution, provided however, upon closing of the Loan, the Lender must forward to the Loan Manager the copy of this Participation Agreement, signed by the Lender, including the Borrower Acknowledgment signed by the Borrower and made a part hereof, along with the Borrower Assurances made part of Appendix C, and any applicable schedules made a part thereof, all signed by the required parties therein. Further, unless the Chairperson of the MSF Board or MSF Fund Manager provides written authorization to exempt one or more specific documents (under the terms and conditions acceptable to him or her), copies of all Loan Documents shall be forwarded to the MSF upon execution. [In addition, to the extent Borrower is a real estate holding company using the proceeds of the Loan to acquire and hold real or personal property and subsequently leasing the real or personal property to a related operating company, Xxxxxx shall deliver to the MSF a fully executed copy of the “Operating Company Certification” in the form of Appendix D attached to this Agreement, and the applicable schedules thereto, upon execution. ADD ONLY FOR HOLDING COMPANY DEALS]
Administration of the Loan. (a) The Servicer shall service and administer the Loan, as agent for the Holders, in accordance with the express terms of this Agreement and Accepted Loan Servicing Practices, taking into account the interests of the Holders with a view to maximizing the realization for all Holders as a collective whole. The Holders acknowledge that the Servicer is to comply with this Agreement and the Loan Documents in servicing the Loan and, notwithstanding anything to the contrary contained herein, shall act at all times at the direction of the Company. Servicer shall not be entitled to any servicing fees or other compensation for its services hereunder except for the Management Fee and the Workout Fee, each as described below in Section 2(i).
Administration of the Loan. (a) From and after the date hereof, administration of the Mortgage Loan shall be governed by this Agreement and (x) prior to a Securitization, the Interim Servicing Agreement and (y) after a Securitization, the Securitization Servicing Agreement, in each case the terms of which are hereby incorporated by reference into this Agreement in their entirety to the same extent and with the same force as if fully set forth herein, and each party hereby agrees to be bound thereby. The Note A Holder shall have the right to appoint any sub-servicer with respect to the Mortgage Loans in accordance with the terms of, and subject to the limitations set forth in, any Securitization Servicing Agreement. Notwithstanding anything to the contrary contained herein (including all of this Section 5 and Section 17(a)), until a Securitization of Note A and the execution and delivery of a Securitization Servicing Agreement in connection therewith, or if Note A ceases to be an asset of the trust fund created pursuant to the Securitization Servicing Agreement, the administration and servicing of the Mortgage Loans shall be performed in accordance with the provisions of the Interim Servicing Agreement and this Agreement, and the Note A Holder and the Note B Holder each hereby agree to be bound by the terms of the Interim Servicing Agreement, as modified hereby. At any time that the Mortgage Loans are no longer subject to the Interim Servicing Agreement, unless a Securitization Servicing Agreement is in place and Note A is an asset of the trust fund created thereunder, the Note A Holder shall cause the Mortgage Loans to be serviced pursuant to a servicing agreement that is identical to the Interim Servicing Agreement with Prudential Assets Resources, Inc., as the Servicer (other than as necessary to reflect changes as are not materially adverse to the Note B Holder), as modified hereby, and all references herein to the "
Administration of the Loan. (a) The Lending Institution shall provide EGLE with copies of all Loan documents executed by the Borrower, as well as any co-maker, guarantor, or endorser for the Loan.
Administration of the Loan. The Lender shall provide the MSF with copies of all financial statements provided by the Borrower to the Lender, and copies of all Loan Documents. Unless the Chairperson of the MSF Board or MSF Fund Manager specifically exempts one or more specific documents (under terms and conditions acceptable to the Chairperson of the MSF Board or MSF Fund Manager), the Lender shall provide the MSF with any additional documents in its possession or control arising out of, or related to, the Loan or the Loan Documents. [In addition, to the extent Borrower is a real estate holding company using the proceeds of the Loan to acquire and hold real or personal property and subsequently leasing the real or personal property to a related operating company, Lender shall deliver to the MSF a fully executed copy of the “Operating Company Certification” in the form of Appendix C attached to this Agreement upon execution. ADD ONLY FOR HOLDING COMPANY DEALS] The Lender shall disclose to the Borrower and any co-maker, guarantor, endorser, other debtor or obligor of the Loan, of the existence of this Deposit Agreement in connection with the making and servicing of the Loan and collecting payments to be made by the Borrower. The Lender shall exercise the same degree of care and discretion in servicing the Loan and collecting payments from the Borrower as it would take in servicing the Loan and collecting payments solely for its own account. The Lender may amend the terms and conditions of the Loan Documents without the consent of the MSF, provided however, the Lender may not, without the express prior written approval of the Chairperson of the MSF Board or MSF Fund Manager, by amendment or otherwise: (i) increase the amount of the Loan (ii) amend any of the Lender Assurances on any of the Appendix’s, or (iii) waive or release any claim against any Borrower or any co-maker, guarantor, endorser, other debtor or obligor of the Loan; or (iv) consent to any release, substitution, or exchange of collateral, except (a) sales of inventory in the ordinary course of business or (b) sales, substitution and exchange of worn or obsolete equipment in the ordinary course of business, or (c) sales of collateral in the event of liquidation of collateral as a result of an occurrence of an event described in Section 14(b); or (v) effectuate any of the circumstances in Section 7(c)(i), Section 7(c)(ii), Section 7(c)(iii) or Section 7(c)(iv).
Administration of the Loan. (a) Except as otherwise provided by this Participation Agreement, the original Loan Documents shall be retained by the Lender. Unless the Chairperson of the MSF Board or MSF Fund Manager provides written authorization to exempt one or more specific documents (under the terms and conditions acceptable to him), copies of all Loan Documents shall be forwarded to the MSF upon execution. [In addition, to the extent Borrower is a real estate holding company using the proceeds of the Loan to acquire and hold real property and subsequently leasing the real property to a related operating company, Lender shall deliver to the MSF a fully executed copy of the “Operating Company Certification” in the form of Appendix D attached to this Agreement upon execution. ADD ONLY FOR HOLDING COMPANY DEALS]
Administration of the Loan. (a) The Lender shall provide the MSF with copies of all financial statements provided by the Borrower to the Lender and copies of all Loan Documents. Unless the Chairperson of the MSF Board or MSF Fund Manager specifically exempts one or more specific documents (under terms and conditions acceptable to the Chairperson of the MSF Board or MSF Fund Manager), the Lender shall provide the MSF with any additional documents in its possession or control arising out of, or related to, the Loan or the Loan Documents. [In addition, to the extent Borrower is a real estate holding company using the proceeds of the Loan to acquire and hold real property and subsequently leasing the real property to a related operating company, Lender shall deliver to the MSF a fully executed copy of the “Operating Company Certification” in the form of Appendix C attached to this Agreement upon execution. ADD ONLY FOR HOLDING COMPANY DEALS]
