Covenants of the Seller and Servicer Sample Clauses

The "Covenants of the Seller and Servicer" clause sets out the ongoing promises and obligations that the seller and servicer must uphold throughout the duration of an agreement. Typically, these covenants require the seller and servicer to maintain certain standards, such as adhering to applicable laws, preserving the quality of assets, and providing regular reports or notifications to the other party. By clearly outlining these responsibilities, the clause ensures that both parties understand their duties, thereby reducing the risk of disputes and helping to maintain the value and integrity of the transaction.