OBLIGATIONS OF THE SERVICER. Notwithstanding any Sub-Servicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer or a Sub-Servicer or reference to actions taken through a Sub-Servicer or otherwise, the Servicer shall remain obligated for the servicing and administering of the Receivables in accordance with the provisions of Section 4.1 of this Agreement without diminution of such obligation or liability by virtue of such Sub-Servicing Agreements or arrangements or by virtue of indemnification from a Sub-Servicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Receivables. The Servicer shall be entitled to enter into any agreement with a Sub-Servicer for indemnification of the Servicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.
OBLIGATIONS OF THE SERVICER. The Issuer shall cause the Servicer (a) to comply with the Servicing Agreement and the Custodial Agreement and (b) to deliver to the Rating Agency within 30 days following the end of each calendar quarter, the related Servicer Remittance Reports for such calendar quarter.
OBLIGATIONS OF THE SERVICER. 63 SECTION 9.12 SERVICER'S EVIDENCE AS TO COMPLIANCE ...................... 63 ARTICLE X
OBLIGATIONS OF THE SERVICER. 5.1 Upon the earliest to occur of (a) an Insolvency Event with respect to the Servicer, and (b) a Servicer Termination Event (other than an Insolvency Event with respect to the Servicer) that has not been cured within 30 days or such shorter period provided for in the Servicing Agreement, the Servicer must deliver to the Custodian in electronic form (where available), or otherwise provide the Guarantor or its agents, including the Custodian, reasonable access to the Loan and Related Security Files and all other books and records of account in respect of the Covered Bond Portfolio in order to facilitate a transition in servicing the Covered Bond Portfolio.
OBLIGATIONS OF THE SERVICER. 5.1 Upon the earliest to occur of (a) an Insolvency Event with respect to the Servicer, and
OBLIGATIONS OF THE SERVICER. 5.1 Upon the earliest to occur of (a) an Insolvency Event with respect to the Servicer, and (b) a Servicer Termination Event (other than an Insolvency Event with respect to the Servicer) that has not been cured within 30 days or such shorter period provided for in the Servicing Agreement, the Servicer must deliver to the Custodian in electronic form, including on CD- ROM or other acceptable form of data storage medium (where available), or otherwise provide the Guarantor or its agents, including the Custodian, reasonable access to the Loan and Related Security Files and all other books and records of account in respect of the Covered Bond Portfolio in order to facilitate a transition in servicing the Covered Bond Portfolio.
OBLIGATIONS OF THE SERVICER. No resignation of the Backup Servicer shall become effective until, so long as no Insurer Default shall have occurred and be continuing, an entity acceptable to the Security Insurer shall have assumed the responsibilities and obligations of the Backup Servicer or, if an Insurer Default shall have occurred and be continuing a Person that is an Eligible Servicer shall have assumed the responsibilities and obligations of the Backup Servicer; provided, however, that in the event a successor Backup Servicer is not appointed within 60 days after the Backup Servicer has given notice of its resignation and has provided the Opinion of Counsel required by this Section 7.5, the Backup Servicer may petition a court for its removal. The Backup Servicer may resign for any reason, provided an entity acceptable to the Security Insurer, in its sole discretion, shall have assumed the responsibilities and obligations of the Backup Servicer prior to the effectiveness of any such resignation.
OBLIGATIONS OF THE SERVICER in Respect of Compensating ------------------------------------------------------ Interest. -------- Not later than the close of business on each Servicer Remittance Date, the Servicer shall deliver to the Trustee for deposit in the Distribution Account an amount ("Compensating Interest") equal to the lesser of (A) the aggregate of the Prepayment Interest Shortfalls on the Actuarial Mortgage Loans for the related Distribution Date resulting from Principal Prepayments on the Actuarial Mortgage Loans during the related Prepayment Period and (B) 50% of its aggregate Servicing Fee received in the related Collection Period. The Servicer shall apply Compensating Interest to offset any Prepayment Interest Shortfalls on the Actuarial Mortgage Loans. The Servicer shall not have the right to reimbursement for any amounts remitted to the Trustee for deposit in the Distribution Account in respect of Compensating Interest. Such amounts so remitted shall be included in the Available Funds and distributed therewith on the next Distribution Date. The Servicer shall not be obligated to pay Compensating Interest with respect to Prepayment Interest Shortfalls on Simple Interest Mortgage Loans or Relief Act Interest Shortfalls.
OBLIGATIONS OF THE SERVICER in Respect of Credit ------------------------------------------------ Reporting. --------- The Servicer will fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (i.e., favorable and unfavorable) on its borrower credit files to Equifax, Experian, and Trans Union Credit Information Company (three of the credit repositories), on a monthly basis for each Mortgage Loan.
OBLIGATIONS OF THE SERVICER. Notwithstanding any Sub-Servicing Agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer or a Sub-Servicer or reference to actions taken through a Sub-Servicer or otherwise, the Servicer shall remain obligated for the servicing and administering of
