Section 3 Trustee's Good Faith Action, Expert Advice, No Bond or Surety................................... 15 Section 4. Insurance..................................................... 15
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 4.2 1.II Dispute Resolution Procedures is amended to insert the following paragraph to Section 4.2.1.II.A.(4): The Formal Dispute Process set forth in this section II(B) does not apply to formal disputes arising out of an Authorized User Mini-Bid or Authorized User Agreement. Formal disputes between the Contractor and the Authorized User arising out of an Authorized User Mini-Bid or Authorized User Agreement are to be handled in accordance with the process specified by the Authorized User for disputes. See Section 6.12 Mini-Bid Dispute Resolution Process.
Section 3.2 39 Each employee shall have the right to bring matters of personal concern to the attention of appropriate 40 Association representatives and/or appropriate officials of the District.
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
Section 2.2 17 The right to make reasonable rules and regulations shall be considered acknowledged functions of the 18 District. In making rules and regulations relating to personnel policies, procedures and practices, and 19 matters of working conditions, the District shall give due regard and consideration to the rights of the 20 Association and the employees and to the obligations imposed by this Agreement. 24 A R T I C L E I I I
Section 7 11(a) of the Credit Agreement is hereby amended to read 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 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.
Sections 2 05(a) and 2.05(b) are hereby amended and replaced in their entirety with the following: