Examples of Serviced Receivables in a sentence
Servicer hereby revocably appoints Sub-Servicer as its agent to sub-service the Serviced Receivables (such Serviced Receivables may be referred to collectively as the “Sub-Serviced Assets”).
The Servicer shall follow its customary standards, policies, and procedures in performing its duties as Servicer; provided, that with respect to the Sub- Serviced Receivables and for so long as the Sub-Servicer is sub-servicing the Sub-Serviced Receivables, for purposes of this Section 4.1 and of Sections 4.2 and 4.3, the Servicer shall follow the Sub-Servicer's customary standards, policies, practices and procedures.
In addition, the historical information furnished to Servicer that is attached as Exhibit E to each Indenture Supplement executed on or about the date hereof, for purposes of, or in connection with, this Agreement or any Related Document with respect to the Serviced Receivables, was true, complete and correct in all material respects on the date as of which such information was stated or certified, or as of the date most recently updated thereafter.
Sub-Servicer shall use commercially reasonable efforts to promptly (i) apply all payments received by any Obligor (and, if applicable, the related advertising agency if such Obligor is an advertiser customer) to the related Serviced Receivables and (ii) identify all unidentified payments and apply all unapplied payments, in each case, in respect of the related Serviced Receivables, as applicable.
Servicing Agreement Issuer shall furnish (or cause to be furnished) to Servicer any powers of attorney and other documents necessary or appropriate to enable Servicer to carry out its servicing and administrative duties hereunder, and Issuer shall assist Servicer to the fullest extent to enable Servicer to collect the Serviced Receivables and otherwise discharge its duties hereunder.
The Master Servicer shall accept its appointment as Successor Servicer by a written assumption in a form acceptable to the Trustee and the Company, unless the Master Servicer is unable to act as Servicer for the Serviced Receivables for the reasons set forth in Section 5.03.
This Agreement does not impose upon UDC the responsibility to service the Serviced Receivables, which responsibility will remain exclusively with the Debtor.
We believe this year’s performance is testament to the strength of our brand and collections and our multi- channel distribution strategy.The retail division delivered a good result with sales up 15.4% on a 13.6% increase in average retail square footage.
Servicer hereby acknowledges that Issuer has granted a security interest in the Serviced Receivables and the rights (but not the obligations) of Issuer under this Agreement to the Indenture Trustee under the Indenture.
Servicer shall deposit all Collections received by it and, without duplication, all Collections received by Sub-Servicer but not yet remitted to Servicer or NBCU SPE, as specified in the Sub-Servicer Records, and apply all Collections with respect to the Serviced Receivables for each Settlement Period as described in the Indenture and each Indenture Supplement.