Servicing of Pledged Loans Sample Clauses

Servicing of Pledged Loans. 75 Section 7.1 Responsibility for Loan Administration 75 Section 7.2 Standard of Care 76 Section 7.3 Records 76 Section 7.4 Series 2017-A Loan Schedule 76 Section 7.5 Enforcement 76 Section 7.6 Trustee and Collateral Agent to Cooperate 77 Section 7.7 Other Matters Relating to the Servicer 77 Section 7.8 Servicing Compensation 78 Section 7.9 Costs and Expenses 78 Section 7.10 Representations and Warranties of the Servicer 78 Section 7.11 Additional Covenants of the Servicer 79 Section 7.12 Servicer not to Resign 82 Section 7.13 Merger or Consolidation of, or Assumption of the Obligations of Servicer 82 Section 7.14 Examination of Records 83 Section 7.15 Delegation of Duties; Subservicing 83 Section 7.16 Servicer Advances 83 Section 7.17 Fair Market Value of Defaulted Loans 84 ARTICLE VIII REPORTS 84 Section 8.1 Monthly Report to Trustee 84 Section 8.2 Monthly Servicing Reports 84 Section 8.3 Other Data 84 Section 8.4 Annual Servicer’s Certificate 85 Section 8.5 Notices to WCF 85 Section 8.6 Delivery of Reports to Deal Agent 85 Section 8.7 Tax Reporting 85 -ii- TABLE OF CONTENTS (CONT'D) Page ARTICLE IX INDEMNITIES 85 Section 9.1 Liabilities to Obligors 85 Section 9.2 Tax Indemnification 85 Section 9.3 Servicer’s Indemnities 86 Section 9.4 Operation of Indemnities 86 ARTICLE X AMORTIZATION EVENTS 86 Section 10.1 Amortization Events 86 ARTICLE XI EVENTS OF DEFAULT 88 Section 11.1 Events of Default 88 Section 11.2 Acceleration of Maturity; Rescission and Annulment 89 Section 11.3 Collection of Indebtedness and Suits for Enforcement by Trustee 90 Section 11.4 Trustee May File Proofs of Claim 91 Section 11.5 Remedies 91 Section 11.6 Application of Monies Collected During Event of Default 92 Section 11.7 Limitation on Suits by Individual Noteholders 93 Section 11.8 Unconditional Rights of Noteholders to Receive Principal and Interest 94 Section 11.9 Restoration of Rights and Remedies 94 Section 11.10 Waiver of Event of Default 94 Section 11.11 Waiver of Stay or Extension Laws 94
AutoNDA by SimpleDocs
Servicing of Pledged Loans. The Borrower shall not:
Servicing of Pledged Loans 

Related to Servicing of Pledged Loans

  • Servicing of Loans The servicing, administering and collection of the Loans shall be conducted by the Servicer then authorized to act as such under the Sale and Servicing Agreement.

  • Servicing of Receivables The Master Servicer shall service the Receivables as required by the terms of this Agreement and in material compliance with its standard and customary procedures for servicing all its other comparable motor vehicle receivables and in compliance with applicable law; and

  • Servicing of the Mortgage Loans Section 3.01.

  • Administration and Servicing of Receivables SECTION 4.1

  • ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS Section 3.01 The Master Servicer to act as Master Servicer.

  • Servicing of Mortgage Loans From and after the Effective Date, the Servicer does hereby agree to service the Mortgage Loans, but subject to the terms of this Agreement. The rights of the Owner to receive payments with respect to the Mortgage Loans shall be as set forth in this Agreement.

  • Administration and Servicing of Contracts 43 SECTION 3.01

  • Administration and Servicing of Mortgage Loans 45 Section 3.01. Master Servicer to Act as Servicer...................................45 Section 3.02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of Subservicers' and Sellers' Obligations.........46

  • Subservicing Accounts; Servicing Accounts (a) In those cases where a Subservicer is servicing a Mortgage Loan pursuant to a Subservicing Agreement, the Master Servicer shall cause the Subservicer, pursuant to the Subservicing Agreement, to establish and maintain one or more Subservicing Accounts which shall be an Eligible Account or, if such account is not an Eligible Account, shall generally satisfy the requirements of the Program Guide and be otherwise acceptable to the Master Servicer and each Rating Agency. The Subservicer will be required thereby to deposit into the Subservicing Account on a daily basis all proceeds of Mortgage Loans received by the Subservicer, less its Subservicing Fees and unreimbursed advances and expenses, to the extent permitted by the Subservicing Agreement. If the Subservicing Account is not an Eligible Account, the Master Servicer shall be deemed to have received such monies upon receipt thereof by the Subservicer. The Subservicer shall not be required to deposit in the Subservicing Account payments or collections in the nature of prepayment charges or late charges or assumption fees. On or before the date specified in the Program Guide, but in no event later than the Determination Date, the Master Servicer shall cause the Subservicer, pursuant to the Subservicing Agreement, to remit to the Master Servicer for deposit in the Custodial Account all funds held in the Subservicing Account with respect to each Mortgage Loan serviced by such Subservicer that are required to be remitted to the Master Servicer. The Subservicer will also be required, pursuant to the Subservicing Agreement, to advance on such scheduled date of remittance amounts equal to any scheduled monthly installments of principal and interest less its Subservicing Fees on any Mortgage Loans for which payment was not received by the Subservicer. This obligation to advance with respect to each Mortgage Loan will continue up to and including the first of the month following the date on which the related Mortgaged Property is sold at a foreclosure sale or is acquired by the Trust Fund by deed in lieu of foreclosure or otherwise. All such advances received by the Master Servicer shall be deposited promptly by it in the Custodial Account.

  • ADMINISTRATION AND MASTER SERVICING OF MORTGAGE LOANS Section 3.01 Master Servicing of Mortgage Loans.......................... Section 3.02

Time is Money Join Law Insider Premium to draft better contracts faster.