Section 317 Clause Samples

Section 317 typically refers to a provision that outlines the process and requirements for the appointment and removal of auditors in a company. In practice, this clause specifies who has the authority to appoint or remove auditors, the notice period required, and any necessary approvals or procedures that must be followed. For example, it may require shareholder approval at a general meeting or set out the circumstances under which an auditor can be removed before the end of their term. The core function of Section 317 is to ensure transparency and proper governance in the selection and oversight of company auditors, thereby protecting the interests of shareholders and maintaining the integrity of financial reporting.
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Section 317. 14.1 Section 318(c) ...................................................................
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Section 317. The Primary Servicer shall promptly (but in no event later than thirty (30) days after the related inspection or collection, as applicable) forward to the Master Servicer a copy of all inspection reports prepared by the Primary Servicer. With respect to the Mortgage Loans serviced hereunder, the Primary Servicer shall inform the ground lessor that any notices of default under the related ground lease should thereafter be forwarded to the Master Servicer in addition to the Primary Servicer. The Primary Servicer may engage a third party at its cost to perform property inspections and prepare property inspection reports without first obtaining the consent of the Master Servicer; provided, however, that the Primary Servicer shall remain obligated and primarily liable to the Master Servicer for satisfactory completion of the inspections and reports as required by this Agreement. The Primary Servicer shall deposit all Prepayment Interest Shortfalls in the Primary Servicer Collection Account on each Primary Servicer Remittance Date without regard to any limitations described in Section 3.17(c) of the Pooling and Servicing Agreement. Notwithstanding the foregoing, the Primary Servicer shall have no obligation to deposit any amount set forth in the preceding sentence for Specially Serviced Loans or Mortgage Loans on which the Master Servicer or Special Servicer consented to the Primary Servicer allowing a Principal Prepayment on a date other that the applicable Due Date.
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Section 317. 13.01 -----------------
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Section 317. Credit Facilities....................................57 (a) Substitution or Replacement..........................57 (b) Requirements.........................................58
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Section 317. Voting of Class A Bonds . . . . . . . . .
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Section 317. Credit Facilities........................................... 46
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Related to Section 317

  • SECTION 510 Rights and Remedies Cumulative.................................39 SECTION 511. Delay or Omission Not Waiver...................................39 SECTION 512. Control by Holders.............................................39 SECTION 513. Waiver of Past Defaults........................................40

  • SECTION 312 The Primary Servicer shall promptly (but in no event later than thirty (30) days after the related inspection or receipt of the inspection report, which ever is later, or collection, as applicable) forward to the Master Servicer a copy of all inspection reports prepared by the Primary Servicer and all operating statements, budgets, rent rolls and financial statements collected by the Primary Servicer. The Primary Servicer may engage a third party at its cost to perform property inspections and prepare property inspection reports without first obtaining the consent of the Master Servicer; provided, however, that the Primary Servicer shall remain obligated and primarily liable to the Master Servicer for satisfactory completion of the inspections and reports as required by this Agreement. If any inspection report identifies a “life safety” or other material deferred maintenance item existing with respect to the related Mortgaged Property, the Sub-Servicer (x) shall promptly send to the related Borrower (with a copy to the Master Servicer by email to ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇) a letter identifying such deferred maintenance item and instructing the related Borrower to correct such deferred maintenance item and (y) shall notify the Master Servicer (by email to ▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇▇) upon resolution of such life safety or deferred maintenance item.

  • Section 512 Control By Holders................................. 37 Section 513. Waiver of Past Defaults............................ 37

  • Section 511 Delay or Omission Not Waiver....................... 36

  • SECTION 514 Undertaking for Costs.............................. 37