Examples of Original Servicer in a sentence
CONA, in its capacity as New Servicer, acknowledges and confirms that it is bound by the Agreement, that it has accepted all of COBNA’s right, title, and interest, and has assumed all of COBNA’s duties, obligations, and liabilities and the performance of every covenant, in, to, and under the Agreement, and has agreed that it shall be substituted for COBNA, in its capacity as Original Servicer, under the Agreement.
Servicer agrees that it is responsible for all duties, responsibilities and obligations of the Original Servicer under the terms of the Agreement without qualification.
In particular, but without limitation, the Original Servicer has been (and New Servicers may be) appointed to service Loans in the Portfolio sold to the LLP and the Cash Manager has been appointed to monitor compliance with the Asset Coverage Test and the Amortisation Test and to provide cash management services to the LLP.
However, the effect of hydrate distribution is different for P-waves than for S-waves, and so the measurement of both veloc- ities may provide the means to determine both concentration and distribution (see Helgerud et al.
The Concentration Account Bank may terminate this Agreement upon 90 days’ prior written notice to the Account Custodian, the Originator, the Original Servicer and each Securitization Agent; provided that no such resignation shall be effective until a Successor Concentration Account Bank has been appointed as described in Section 3(n).
All dates for compliance specified in this Article shall be posted on the Cooperative’s website at least ninety (90) days before the deadline.
The Originator and the Original Servicer agree to deliver to each of the Financing Agents, no less frequently than quarterly, a report (the “Financing Asset Report”) that specifies the aggregate amount of all of the Financing Assets and the portion of such aggregate amount held by each Financing Agent and such other detail as the Originator and the Original Servicer or any Financing Agent shall deem appropriate to enable the Financing Agents to calculate the Requisite Financing Agents.
Except as otherwise expressly provided herein, none of the Originator, the Original Servicer nor any Securitization Agent will have any check writing or other authority to issue payment orders against the Concentration Account.
For good and valuable consideration, receipt of which is hereby acknowledged, effective as of the date hereof, Griffin Capital, in its capacity as the Original Servicer, does hereby assign all of its right, title, and interest, and delegate all of its duties, obligations, and liabilities, in, to, and under the Existing Fourth Step RPA and the other Transaction Documents to the New Servicer, in its capacity as such.
The installation of fire sprinklers may trigger additional requirements such as upgraded water supply and larger water meters.