Collateral Manager Standard Sample Clauses
The Collateral Manager Standard clause defines the roles, responsibilities, and operational standards that a collateral manager must adhere to when managing assets or securities held as collateral. Typically, this clause outlines the required qualifications, reporting obligations, and performance benchmarks for the collateral manager, ensuring that the manager acts in the best interests of the parties involved. For example, it may specify how the manager should handle defaults, maintain records, or communicate with stakeholders. The core function of this clause is to establish clear expectations and accountability for the collateral manager, thereby reducing the risk of mismanagement and ensuring the effective administration of collateral.
Collateral Manager Standard. The Borrower will (i) ensure that the Collateral Manager acts in compliance with the Collateral Manager Standard in all material respects and (ii) maintain an investment strategy consistent with the terms of the Transaction Documents.
Collateral Manager Standard. Each of the Collateral Assets was underwritten or acquired by the Borrower and is being serviced in conformity with the Collateral Manager Standard and the standard underwriting, credit, collection, operating and reporting procedures and systems of the Collateral Manager and, as applicable, the Transferor.