Servicing of Assets. From and after the Servicing Transfer Date (or, to the extent set forth in Section 3.3(h), the Closing Date), the Company shall service the Assets in compliance with the LLC Operating Agreement.
Servicing of Assets. From and after the Servicing Transfer Date, the Company shall service the Assets in compliance with the LLC Operating Agreement.
Servicing of Assets. The Borrower shall be obligated to manage, service, administer, make collections and pursue enforcement proceedings with respect to each Asset in accordance with the customary and usual procedures of institutions which service assets of the type included in each Asset Series and in substantial accordance with its customary servicing practices (the “Servicing Plan”). The Servicer shall not make any material changes to the Servicing Plan without the prior written consent of the Lender, such consent not to be unreasonably withheld; provided that no such consent shall be required so long as the Servicing Plan continues to be in accordance with Servicer’s customary servicing practices from time to time. In satisfaction of its servicing obligations under this Agreement, the Borrower has entered into a Servicing Agreement by and among the Servicer, the Lender and the Borrower of even date herewith (as the same may be amended, restated, supplemented or otherwise modified, the “Servicing Agreement”). Immediately upon the occurrence of a Loan Series Termination Event or a Facility Termination Event (as each such term is defined in the Servicing Agreement) the Lender may, to the extent and in the manner set forth in the Servicing Agreement, terminate the Servicer then acting in such capacity under the Servicing Agreement and may appoint a replacement servicer selected by the Lender in its reasonable discretion, and enter into a replacement servicing agreement acceptable to the Lender in its reasonable discretion. The Lender will endeavor to notify the Servicer of the replacement servicer selected and the fee for which such replacement servicer will service the Assets transferred to it by reason of the applicable Termination Event (as defined in the Servicing Agreement).
Servicing of Assets. Borrower shall cause the Pledged Loans to be serviced in accordance with the terms of the existing Services Agreements and, in the case of newly acquired Pledged Loans, in accordance with the terms of a Servicing Agreement in a form approved by the Bank. Borrower shall cause the Asset Pool Loans to be serviced in accordance with the terms of services agreements which are substantially similar to the terms of the Services Agreement attached as Exhibit E. Borrower shall provide to the Bank such reports and other information as the Bank may request to evidence compliance with the terms of this Section 7.14.
Servicing of Assets
