Servicing of Collateral. Such Obligor will ensure, and will direct its Subsidiaries to ensure, that the Collateral owned by it or its Subsidiaries (as applicable) is serviced and administered at all times in accordance with the procedures (including but not limited to collection and enforcement procedures, the maintenance of insurance, custodial arrangements, documentation retention, and the making of servicer advances, including servicer advances with respect to residential mortgage assets) that each Borrower or other Obligor (as the case may be) customarily employs and exercises (or requires to be employed or exercised by those servicing its other assets) in its good faith business judgment and which are normal and usual in the servicing of its other assets, and that such servicing and administration is conducted in the best interest of and for the benefit of the Lender Parties.
Servicing of Collateral. Borrower shall (i) service or cause to be serviced for Bank all Mortgage Loans constituting Mortgage Collateral hereunder and use its best efforts to effect collection of all amounts payable thereunder as they become due; (ii) comply in all material respects with all provisions of contracts relating to the servicing of such Mortgage Loans or other mortgage servicing contracts to which Borrower is a party; and (iii) upon the occurrence of an Event of Default and pursuant to the request of the Bank, notify each obligor of such Mortgage Loan of the assignment thereof to the Bank pursuant hereto, including in the notice instructions that such obligor shall thereafter make all payments to Borrower as trustee for the Bank until further notice, or directly to the Bank if the Bank shall request the same.
Servicing of Collateral. 8.1.1 The Borrower shall service the Collateral in accordance with the Credit and Collection Policy and in accordance with the provisions of this Article 8. Without limiting the generality of the foregoing, the Borrower shall:
Servicing of Collateral. Borrowers shall promptly, but within reason, provide Lender with true and complete copies of all notices, invoices, purchase orders, reports, statements and other documents sent or received by Borrowers in the ordinary course of business.
Servicing of Collateral. Such Obligor will ensure, and will direct its Subsidiaries to ensure, that the Collateral owned by it or its Subsidiaries (as applicable) is serviced and administered at all times in accordance with the procedures (including but not limited to collection and enforcement procedures, the maintenance of insurance, custodial arrangements, documentation retention, and the making of servicer advances, including servicer advances with respect to residential mortgage assets (excluding BCG Assets)) that each Borrower or other Obligor (as the case may be) customarily employs and exercises (or requires to be employed or exercised by those servicing its other assets) in its good faith business judgment and which are normal and usual in the servicing of its other assets, and that such servicing and administration is conducted in the best interest of and for the benefit of the Lender Parties.
Servicing of Collateral. Borrower shall service or cause to be ----------------------- serviced (with Lender's prior approval) all Dealer Loans constituting Collateral hereunder, and use its very best efforts to collect all amounts payable thereunder as they become due.
Servicing of Collateral. Since the Closing Date there has been no material adverse change in the ability of it or any Sub-Servicer to service and administer the Collateral and collect the Pool Receivables and the Related Security.
