Administration and Servicing of Collateral Obligations. Section 7.1 Retention and Termination of the Servicer. 68
Administration and Servicing of Collateral Obligations. Section 7.1 Retention and Termination of the Servicer 67 Section 7.2 Resignation and Removal of the Servicer; Appointment of Successor Servicer 67 Section 7.3 Duties of the Servicer 68 Section 7.4 Representations and Warranties of the Servicer 70 Section 7.5 Covenants of the Servicer and Equityholder 72 Section 7.6 Servicing Fees; Payment of Certain Expenses by Servicer 77 Section 7.7 Collateral Reporting 77 Section 7.8 Notices 77 Section 7.9 Procedural Review of Collateral Obligations; Access to Servicer and Servicer’s Records 77 Section 7.10 Optional Sales 78 Section 7.11 Repurchase or Substitution of Warranty Collateral Obligations 80 Section 7.12 Servicing of REO Assets 81 ARTICLE VIII ACCOUNTS; PAYMENTS Section 8.1 Accounts 82 Section 8.2 Excluded Amounts 84 Section 8.3 Distributions, Reinvestment and Dividends 84 Section 8.4 Fees 88 Section 8.5 Monthly Report 88 ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE BORROWER Section 9.1 Organization and Good Standing 89 Section 9.2 Due Qualification 89 Section 9.3 Power and Authority 89 Section 9.4 Binding Obligations 89 Section 9.5 Security Interest 90 Section 9.6 No Violation 91 Section 9.7 No Proceedings 91 Section 9.8 No Consents 91 Section 9.9 Solvency 91 Section 9.10 Compliance with Laws 91 Section 9.11 Taxes 91 Section 9.12 Monthly Report 92 Section 9.13 No Liens, Etc. 92 Section 9.14 Information True and Correct 92 Section 9.15 Bulk Sales 93 Section 9.16 Collateral 93 Section 9.17 Selection Procedures 93 Section 9.18 Indebtedness 93 Section 9.19 No Injunctions 93 Section 9.20 No Subsidiaries 93 Section 9.21 ERISA Matters 93 Section 9.22 Investment Company Status 94 Section 9.23 Set-Off, Etc. 94 Section 9.24 Collections 94 Section 9.25 Value Given 94 Section 9.26 Use of Proceeds 94 Section 9.27 Separate Existence 94 Section 9.28 Transaction Documents 95 Section 9.29 EEA/UK Financial Institution 95 Section 9.30 Anti-Terrorism, Anti-Money Laundering 95 Section 9.31 Anti-Bribery and Corruption 96 Section 9.32 Xxxxxxx Rule 96 Section 9.33 AIFMD 96 ARTICLE X COVENANTS Section 10.1 Protection of Security Interest of the Secured Parties 97 Section 10.2 Other Liens or Interests 98 Section 10.3 Costs and Expenses 98 Section 10.4 Reporting Requirements 98 Section 10.5 Separate Existence 98 Section 10.6 Hedging Agreements 101 Section 10.7 Tangible Net Worth 103 Section 10.8 Taxes 103 Section 10.9 Merger, Consolidation, Etc. 104 Section 10.10 Deposit of Collections 104 Section 10.11 Indebtedness; Guarantees 104...
Administration and Servicing of Collateral Obligations
