Common use of Duties with Respect to the Transaction Documents Clause in Contracts

Duties with Respect to the Transaction Documents. The Manager, in accordance with the Managing Standard, shall perform the duties of the applicable Securitization Entities under the Transaction Documents except for those duties that are required to be performed by the equity holders, stockholders, directors, or managers of such Securitization Entity pursuant to applicable Requirements of Law. In furtherance of the foregoing, the Manager shall consult with the managers or the directors, as the case may be, of the Securitization Entities as the Manager deems appropriate regarding the duties of the Securitization Entities under the Transaction Documents. The Manager shall monitor the performance of the Securitization Entities and, promptly upon obtaining Actual Knowledge thereof, shall advise the applicable Securitization Entity when action is necessary to comply with such Securitization Entity’s duties under the Transaction Documents. The Manager shall prepare for execution by the Securitization Entities or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Securitization Entities to prepare, file or deliver pursuant to the Transaction Documents.

Duties with Respect to the Transaction Documents. The Manager, in accordance with the Managing Standard, shall perform the duties of the applicable Securitization Entities under the Transaction Documents except for those duties that are required to be performed by the equity holders, stockholders, directors, or managers of such Securitization Entity pursuant to applicable Requirements of Law. In furtherance of the foregoing, the Manager shall consult with the managers or the directors, as the case may be, of the each Securitization Entities Entity as the Manager deems appropriate regarding the duties of the such Securitization Entities Entity under the applicable Transaction Documents. The Manager shall monitor the performance of the Securitization Entities and, promptly upon obtaining Actual Knowledge thereof, shall advise the applicable Securitization Entity when action is necessary to comply with such Securitization Entity’s duties under the applicable Transaction Documents. The Manager shall prepare for execution by the Securitization Entities or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Securitization Entities to prepare, file or deliver pursuant to the applicable Transaction Documents.

Duties with Respect to the Transaction Documents. The Manager, in accordance with the Managing Standard, shall perform the duties of the applicable Securitization Entities Service Recipients under the Transaction Documents except for those duties that are required to be performed by the equity holders, stockholders, directors, or managers of such Securitization Entity Service Recipient pursuant to applicable Requirements of Lawlaw. In furtherance of the foregoing, the Manager shall consult with the managers or the directors, as the case may be, of the Securitization Entities each Service Recipient as the Manager deems appropriate regarding the duties of the Securitization Entities such Service Recipient under the applicable Transaction Documents. The Manager shall monitor the performance of the Securitization Entities Service Recipients and, promptly upon obtaining Actual Knowledge thereof, shall advise the applicable Securitization Entity Service Recipient when action is necessary to comply with such Securitization Entity’s duties under the applicable Transaction Documents. Additionally, the Manager shall cause each of Take 5 and Take 5 Oil to comply with the provisions of the Indenture that relate to each such entity, including Section 5.10 and 5.11 of the Indenture. The Manager shall prepare for execution by the Securitization Entities Service Recipients or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Securitization Entities Service Recipients to prepare, file or deliver pursuant to the applicable Transaction Documents.

Duties with Respect to the Transaction Documents. The Manager, in accordance with the Managing Standard, shall perform the duties of the applicable Securitization Entities under the Transaction Documents except for those duties that are required to be performed by the equity holders, stockholders, directors, or managers of such Securitization Entity pursuant to applicable Requirements of Lawlaw. In furtherance of the foregoing, the Manager shall consult with the managers or the directors, as the case may be, of the each Securitization Entities Entity as the Manager deems appropriate regarding the duties of the such Securitization Entities Entity under the applicable Transaction Documents. The Manager shall monitor the performance of the Securitization Entities and, promptly upon obtaining Actual Knowledge thereof, shall advise the applicable Securitization Entity when action is necessary to comply with such Securitization Entity’s duties under the applicable Transaction Documents. The Manager shall prepare for execution by the Securitization Entities or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Securitization Entities to prepare, file or deliver pursuant to the applicable Transaction Documents.

Duties with Respect to the Transaction Documents. The ManagerServicer, in accordance with the Managing Servicing Standard, shall perform the duties of the applicable Securitization Entities under the Transaction Documents except for those duties that are required to be performed by the equity holders, stockholders, directors, or managers of such Securitization Entity pursuant to applicable Requirements of Lawlaw. In furtherance of the foregoing, the Manager Servicer shall consult with the managers or the directors, as the case may be, of the Securitization Entities as the Manager Servicer deems appropriate regarding the duties of the Securitization Entities under the Transaction Documents. The Manager Servicer shall monitor the performance of the Securitization Entities and, promptly upon obtaining Actual Knowledge knowledge thereof, shall advise the applicable Securitization Entity when action is necessary to comply with such Securitization Entity’s duties under the Transaction Documents. The Manager Servicer shall prepare for execution by the Securitization Entities or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Securitization Entities to prepare, file or deliver pursuant to the Transaction Documents.

Duties with Respect to the Transaction Documents. The Manager, in accordance with the Managing Standard, shall perform the duties of the applicable Securitization Entities under the Transaction Documents except for those duties that are required to be performed 15 by the equity holders, stockholders, directors, or managers of such Securitization Entity pursuant to applicable Requirements of Law. In furtherance of the foregoing, the Manager shall consult with the managers or the directors, as the case may be, of the each Securitization Entities Entity as the Manager deems appropriate regarding the duties of the such Securitization Entities Entity under the applicable Transaction Documents. The Manager shall monitor the performance of the Securitization Entities and, promptly upon obtaining Actual Knowledge thereof, shall advise the applicable Securitization Entity when action is necessary to comply with such Securitization Entity’s duties under the applicable Transaction Documents. The Manager shall prepare for execution by the Securitization Entities or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the duty of the Securitization Entities to prepare, file or deliver pursuant to the applicable Transaction Documents.. (b)

Duties with Respect to the Transaction Documents. The Manager, in accordance with the Managing Standard, Servicer shall perform the duties of the applicable Securitization Entities Issuer and the Issuer Trustee under the Transaction Documents except for those duties that are (i) to be explicitly performed by the Issuer Trustee under the Trust Agreement and (ii) those duties that are required to be performed by the equity holders, stockholders, directors, or managers of such Securitization Entity a Delaware trustee pursuant to applicable Requirements Chapter 38 of LawTitle 12 of the Delaware Code, 12 Del. C. ss. 3801 et seq. In furtherance of the foregoing, the Manager Servicer shall consult with the managers or the directors, Issuer Trustee as the case may be, of the Securitization Entities as the Manager Servicer deems appropriate regarding the duties of the Securitization Entities Issuer and the Issuer Trustee under the Transaction Documents. The Manager Servicer shall monitor the performance of the Securitization Entities and, promptly upon obtaining Actual Knowledge thereof, Issuer and the Issuer Trustee and shall advise the applicable Securitization Entity Issuer Trustee when action is necessary to comply with such Securitization Entity’s the Issuer's or the Issuer Trustee's duties under the Transaction Documents. The Manager Servicer shall prepare for execution by the Securitization Entities Issuer Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates, notices certificates and opinions as it shall be the duty of the Securitization Entities Issuer or the Issuer Trustee to prepare, file or deliver pursuant to the Transaction Documents.