Section 4 04 Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer.......................................................65 Section 4.05 Allocation of Realized Losses.........................................66 Section 4.06 Reports of Foreclosures and Abandonment of Mortgaged Property.........66 Section 4.07 Optional Purchase of Defaulted Mortgage Loans.........................67 Section 4.08 Surety Bond...........................................................67
Section 3 Trustee's Good Faith Action, Expert Advice, No Bond or Surety................................... 15 Section 4. Insurance..................................................... 15
Section 3A 03. NET WAC CAP ACCOUNT.....................................................51
Section 2 14 Payments Generally; Pro Rata Treatment; Sharing of Setoffs............................................... 51 SECTION 2.15 Taxes.................................................... 53 SECTION 2.16 Mitigation Obligations; Replacement of Lenders........... 54 SECTION 2.17
Subsection 5(f) of the Termination Agreement is hereby deleted in its entirety, and replaced with a new subsection 5(f) to read in its entirety as follows:
Section 21 25 It is agreed that the customary and usual rights, powers, functions, and authority of management are 26 vested in management officials of the District. Included in these rights in accordance with and subject to 27 applicable laws, regulations, and provisions of this Agreement, is the right to direct the work force, the 28 right to hire, promote, retain, transfer, and assign employees in positions; the right to suspend, discharge, 29 demote, or take other disciplinary action against employees; and the right to release employees from 30 duties because of lack of work or for other legitimate reasons. The District shall retain the right to 31 maintain efficiency of the District operation by determining the methods, means, and the personnel by 32 which such operation is conducted.
Section 12 43 Nothing contained herein shall be construed to include in the bargaining unit any person whose duties 44 as deputy, administrative assistant, supervisor, xxxxxxx or secretary necessarily imply a confidential 45 relationship to the Board of Directors or Superintendent of the District pursuant to RCW 41.56.030 (2).
Sections 2 05(a) and 2.05(b) are hereby amended and replaced in their entirety with the following:
Section 7 11(a) of the Credit Agreement is hereby amended to read as follows:
Section 1 02. The determination as to the application of amounts collected in respect of any Mortgage Loan, in the absence of express provisions in the related Loan Documents or to the extent that such terms authorize the lender to use its discretion, shall be made by the Master Servicer.
