Assumption of Duties. (a) DCWR hereby agrees that prior to the date of this Agreement it shall be bound by all the provisions and requirements of and assume all of the responsibilities under the Sale and Servicing Agreement, the Related Documents and the Trust Documents, applicable to DCWR. The Designated Affiliate hereby agrees that on and after the date of this Agreement it shall be bound by all the provisions and requirements of and assume the performance of every covenant and obligation and all of the responsibilities and duties under the Sale and Servicing Agreement, the Related Documents and the Trust Documents applicable to DCWR.
Assumption of Duties. Assignee hereby assumes and agrees to pay, discharge, or perform, as appropriate, all of Assignor’s obligations under the Employment Agreement arising after the date hereof. If any of those obligations was discovered after the date hereof, but were, in actuality, incurred prior to the date hereof, those obligations shall be paid, discharged or performed, as appropriate, by Assignor.
Assumption of Duties. By the Corporation or Agents Designated By the ------------------------------------------------------------------- Corporation. -----------
Assumption of Duties. Subcontractor assumes toward the Contractor all the obligations and responsibilities that the Contractor assumes in and by the Contract Documents toward the Owner, or toward other parties insofar as they are applicable to the work of this Subcontract. The Subcontractor shall act, for all purposes herein, as an independent contractor, and not as an employee or agent of the Contractor. Unless otherwise set forth herein, the Subcontractor shall be entitled to all the terms and protections granted to the Contractor by the Owner under the terms of the general conditions, special conditions, specifications and addenda. Subcontractor shall be responsible for all construction means and methods utilized in performance of its work of the Subcontract, and shall coordinate its work with other affected parties.
Assumption of Duties. (a) CARCO hereby agrees that prior to the date of this Agreement it shall be bound by all the provisions and requirements of and assume all of the responsibilities under the Pooling and Servicing Agreement, the Related Documents and the Trust Documents, applicable to CARCO. The Designated Affiliate hereby agrees that on and after the date of this Agreement it shall be bound by all the provisions and requirements of and assume the performance of every covenant and obligation and all of the responsibilities and duties under the Pooling and Servicing Agreement, the Related Documents and the Trust Documents applicable to CARCO.
Assumption of Duties. Duties of Subservicer 9 Section 4.2 Collection of Subserviced Student Loan Payments 11 Section 4.3 Realization upon Subserviced Student Loans 12 Section 4.4 No Impairment 12 Section 4.5 Purchase of Subserviced Student Loans; Reimbursement 12 Section 4.6 [Reserved] 14 Section 4.7 Right of Inspection; Audits 14 Section 4.8 Subservicer Expenses 14 Section 4.9 Appointment of Subservicers 15 Section 4.10 Reports 16 Section 4.11 Securities and Exchange Commission Filings 17 Section 4.12 Covenants and Agreements of the Eligible Lender Trustee, Servicer and Subservicer 18 Section 4.13 Incentive Programs; Deferment and Forbearance 19 Section 4.14 Financial Statements 19 Section 4.15 Insurance 20 Section 4.16 Administration Agreement 20 Section 4.17 Lender Identification Number 20
Assumption of Duties. By the Trust or Agents Designated By the Trust. --------------------------------------------------------------------
Assumption of Duties. Standard of Care. Sub-Servicer shall at all times service the Mortgage Loans in accordance with prudent mortgage banking standards and practices. It is understood and agreed that Sub-Servicer shall exercise the same standard of care that it exercises in the servicing of Mortgage Loans for its own account. Correspondingly, Owner does hereby grant to Sub-Servicer the right to exercise and enjoy all of the rights, powers and privileges granted to Owner in connection with the Mortgage Loans except as otherwise provided herein, subject to applicable rules and regulations. Sub-Servicer shall, consistent with Investor requirements, perform such duties and responsibilities on behalf of Owner as permitted by Investor or Mortgage Loans, as appropriate, during the period of this Agreement.
Assumption of Duties. In the event the Subrecipient is dissolved or otherwise ceases to exist, declares bankruptcy, or otherwise becomes insolvent, or refuses to perform its duties set forth herein, MHS shall assume all duties and obligations for which the Subrecipient is responsible as set forth herein.
Assumption of Duties. Subject to the terms and conditions of the APA, Assignee hereby assumes and agrees to discharge, perform and fulfill all of the duties, obligations, and restrictions imposed on Assignor under the Assumed Liabilities, Contracts and Employee Benefit Plans which pertain to and are to be performed on and after the Effective Time.
