Examples of Servicing Transfer in a sentence
The Company must prepare and provide to the Transferor, on or prior to the respective Servicing Transfer Date, an Affidavit and Assignment of Claim in the form attached to this Agreement as Attachment D or any similar forms as may be required in any relevant Foreign Jurisdiction and must be acceptable to the Transferor, for each Asset where a Borrower or an Obligor with respect to such Asset is in bankruptcy as of the Closing Date.
As soon as practicable after the respective Servicing Transfer Date, the Transferor must provide the Company with a statement setting forth, for each Asset that is transferred on such Servicing Transfer Date, the amount of all advances made with respect to such Asset prior to the Servicing Transfer Date for such Asset and the amount of any reimbursement of advances that the Transferor has received from the respective Borrower or other Obligor.
Effective as of the date hereof (and, with respect to each Asset or Group of Assets, as of the applicable Servicing Transfer Date with respect thereto), the Manager appoints the Servicer to service, administer, manage and dispose of the Assets and the Collateral on behalf of and as an agent of the Manager.
With respect to each Asset, the Transferor will be responsible for submitting all tax information returns with all applicable Governmental Authorities for all applicable periods prior to the respective Servicing Transfer Date, and the Company will be responsible for submitting all tax information returns with all applicable Governmental Authorities for all applicable periods commencing with the respective Servicing Transfer Date.
Amounts or balances related to the Loans on deposit in Escrow Accounts held or controlled by the Transferor or an Existing Servicer will be transferred to the Company on the respective Servicing Transfer Date.