Finacity definition
Examples of Finacity in a sentence
Finacity shall not be permitted to further delegate to any other Person any of the duties or responsibilities of the Servicer delegated to it by the Servicer.
The Purchaser hereby consents to the delegation to Finacity Corporation of some or all of its reporting obligations with respect to the Pool Receivables.
Contractor shall provide such notification within forty-eight (48) hours after Contractor receives the request.
As the Initial Administrator, Finacity Corporation is hereby designated as, and agrees to perform the duties and obligations of, the Administrator hereunder and under the other Transaction Documents.
Without the prior written consent of the Agent, the Conduit and the Required Committed Purchasers, the Servicer shall not be permitted to delegate any of its duties or responsibilities as Servicer to any Person other than Finacity.
In addition, the Initial Servicer may delegate certain of its information reporting obligations to an Affiliate of the Initial Servicer or third party reasonably selected by the Initial Servicer which shall initially be Finacity Corporation as the Initial Administrator.
In addition, to the extent the Master Servicer contracts with Finacity or any other entity to perform information services within respect to the Portfolio Receivables, the agreement with such entity shall provide that such entity will cooperate with the Administrative Agent in connection with (i) any transition to a successor Master Servicer and (ii) Portfolio Receivable information requests following the occurrence of Facility Event or Portfolio Event.
Two Stamford Plaza, 11th Floor Stamford, CT 06901 Attention: ▇▇▇▇▇▇ ▇▇▇▇, President Telephone: ▇▇▇-▇▇▇-▇▇▇▇ Telecopy: ▇▇▇-▇▇▇-▇▇▇▇ Finacity Corporation, as Initial Administrator By /s/ ▇▇▇▇▇▇▇ ▇.
Any amounts owed by Standard Chartered Bank to Hannover pursuant to the foregoing sentence shall be paid to Hannover's Account with JPMorgan Chase Bank, N.A., ABA # ▇▇▇-▇▇▇-▇▇▇, Account Number 507-944940, Account Name Hannover Funding Company LLC, Ref” Finacity Receivables 2006-2, Attn: ▇▇▇ ▇▇▇▇ in accordance with Schedule IV hereto.
If at any time the Agent shall designate a successor Servicer, all duties and responsibilities theretofore delegated by the then Servicer to Finacity may, at the discretion of the Agent, be terminated forthwith on notice given by the Agent to Finacity.