Servicing of the Loans Sample Clauses

Servicing of the Loans. The Funding Lender Representative may appoint a Servicer (which may be the Funding Lender Representative if the Funding Lender Representative elects to service the Loans) to service the Loans as provided in Section 3.02 of the Project Loan Agreement.
AutoNDA by SimpleDocs
Servicing of the Loans. Transferor shall service the Loans on behalf of both Transferee and Transferor as follows:
Servicing of the Loans. The Funding Lender Representative may appoint x Servicer (which may be the Funding Lender Representative if the Funding Lender Representative elects to service the Loans) to service the Loans as provided in Section 3.02 of the Project Loan Agreement. During the Construction Phase, the Servicer shall be the Administrative Agent.
Servicing of the Loans. The Loans will be serviced in the ---------------------- manner set forth in the Servicing Agreement. FMAC shall not, without the Participant's prior written consent, agree to the modification or waiver of any of the terms of the Loan Documents, consent to any action or failure to act by the Borrower, or exercise any rights (other than the right to collect payments) which FMAC may have in respect of the Loans or under the Loan Documents, including but not limited to any agreement, consent or exercise of rights which would (i) reduce the principal amount of or rate of interest on the Loans of which any Participant is entitled to receive a Participation Share under this Agreement, (ii) postpone any date fixed for any payment of principal of or interest on the Loans, (iii) release any Loan Collateral or security interest thereon except as otherwise contemplated in the Loan Documents or (iv) release the Borrower, any guarantor, or any other party primarily or secondarily liable under any Loan, or permit an assignment of the obligations of the Borrower.
Servicing of the Loans. The Loans are sold on a servicing released basis. Subject to, and upon the terms and conditions of this Agreement, Seller hereby sells, transfers, assigns and delivers to Purchaser the Servicing Rights.
Servicing of the Loans. (a) The Master Servicer hereby agrees to service and administer the Loans sold pursuant to this Master Agreement and each Issue Supplement in accordance with the terms of this Master Agreement, the applicable Issue Supplement, applicable law and the terms of the Loans. In connection with such servicing and administration, the Master Servicer shall have full power and authority, acting alone and/or through sub-servicers, to do or cause to be done any and all things, in connection with such servicing and administration, that the Master Servicer may deem necessary or desirable and consistent with the terms of this Master Agreement including, but not limited to, the power and authority, subject to the terms hereof, (a) to execute and deliver, on behalf of the Trustee or the Certificateholders, customary consents or waivers and other instruments and documents, (b) to consent to transfers of any Mortgaged Property and assumptions of the Mortgage Notes and related Mortgages (but only in the manner provided in this Master Agreement), (c) to collect any Other Insurance Proceeds and other Cash Liquidation amounts, and (d) to effectuate foreclosure or other conversion of the ownership of the Mortgaged Property securing any Loan. In servicing and administering the Loans, the Master Servicer shall employ procedures in accordance with the Customary Servicing Procedures of the Master Servicer. The Master Servicer will exercise the same care in servicing the Loans that it exercises in servicing loans to the same Borrower held in the Master Servicer’s portfolio. The Master Servicer will act in the best interest of the Trust Fund in servicing Loans held in such Trust Fund. Without limiting the generality of the foregoing, the Master Servicer, in its own name or in the name of the Trustee, is hereby authorized and empowered by the Trustee, when the Master Servicer believes it appropriate in its reasonable judgment, to execute and deliver on behalf of the Trustee any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Loans and with respect to the related Mortgaged Properties. The Master Servicer shall prepare and deliver to the Trustee such documents requiring execution and delivery by it as is necessary or appropriate to enable the Master Servicer to service and administer the Loans to the extent that the Master Servicer is not permitted to execute and deliver such documen...
Servicing of the Loans. The Buyer and Seller acknowledge and agree that the Buyer has agreed to engage the Seller (or an affiliate thereof) to service the Loans following the Closing Date pursuant to, and in accordance with, the terms of a servicing agreement to be executed as of the Closing Date. 4.8
AutoNDA by SimpleDocs
Servicing of the Loans. The Compliance Monitoring Agent shall provide the services required of the “Issuer Servicer” under the Loan Documents, including, without limitation, monitoring the Development and compliance by the Borrower with the requirements of the Land Use Restriction Agreement, exercising the same degree of care in performing its obligations under this Agreement as is customary in the industry for financial institutions which service real estate loans for their own portfolios and on behalf of others. The Issuer agrees that it will do and perform all things reasonably necessary to assist the Compliance Monitoring Agent in performing its obligations hereunder and under the Loan Documents.
Servicing of the Loans. The Loans will be serviced in the manner set forth in the Servicing Agreement. Without Purchaser's prior written consent, and subject to the Servicing Agreement, Seller shall not agree to the modification or waiver of any of the terms of the Loan Documents, consent to any action or failure to act by the Borrower, or exercise any rights which Seller may have in respect of the Loans or under the Loan Documents if the agreement, consent or exercise of rights would (i) reduce the principal amount of or rate of interest on the Loans to which Purchaser is entitled under this Agreement, (ii) postpone any date fixed for any payment of principal of or interest on the Loans, (iii) release any Collateral or security interest thereon except as otherwise contemplated in the Loan Documents or (iv) release the Borrower, any guarantor, or any other party primarily or secondarily liable under any Loan, or permit an assignment of the obligations of the Borrower.
Servicing of the Loans. For a particular Securitization, the Loans will be serviced by a servicer that is reasonably acceptable to CTS (the "Servicer"), in accordance with the terms and provisions of the servicing agreement referred to in the Purchase Agreement with respect to Loans to be securitized and, upon securitization, the related Agreement. The Servicer shall be entitled to a servicing fee no greater than 0.50% per annum on the unpaid balance of the Loans related to such Securitization or under the Purchase Agreement. Such servicing agreement and the related Agreement, as applicable, will, among other things, (a) require that CMGFC make certain representations and warranties concerning the quality and the underwriting of the Loans, (b) require that the Servicer make certain representations and warranties concerning the servicing of the Loans, and (c) to the extent such representations and warranties are breached with respect to a particular Loan, will require that CMGFC or the Servicer repurchase such Loan, as the case may be. If and when CMGFC is acceptable to the Rating Agencies and the credit enhancers (if any) to act as the Servicer in particular Securitizations, CMGFC may act as the Servicer in such future Securitizations, and possess the rights and perform the obligations of the Servicer hereunder with respect to such future Securitizations.'
Time is Money Join Law Insider Premium to draft better contracts faster.