Administration of REO Properties. Notwithstanding any other provision of this Agreement to the contrary, in operating, managing, leasing or disposing of any REO Property, Debtor and the Manager shall act in the best interests of Debtor and the members and creditors of Debtor (including the FDIC in its various capacities) in accordance with the Servicing Standards pursuant to the LLC Operating Agreement, in accordance with the specific provisions of the LLC Operating Agreement relating to REO Properties and in general conformance with the Business Plan. Debtor shall furnish to the Collateral Agent such reports regarding the operation, management, leasing or disposition of any REO Property as the Collateral Agent reasonably shall request.
Appears in 5 contracts
Samples: Security and Guaranty Agreement, Reimbursement, Security and Guaranty Agreement by And, Security and Guaranty Agreement by And
Administration of REO Properties. Notwithstanding any other provision of this Agreement to the contrary, in operating, managing, leasing or disposing of any REO Property, the Debtor and the Manager shall act in the best interests of the Debtor and the members and creditors of the Debtor (including the FDIC in its various capacities) in accordance with the Servicing Standards pursuant to the LLC Operating Agreement, in accordance with the specific provisions of the LLC Operating Agreement relating to REO Properties and in general conformance with the Business Plan. The Debtor shall furnish to the Collateral Agent such reports regarding the operation, management, leasing or disposition of any REO Property as the Collateral Agent reasonably shall request.
Appears in 1 contract
Samples: Reimbursement and Security Agreement
Administration of REO Properties. Notwithstanding any other provision of this Agreement to the contrary, in operating, managing, leasing or disposing of any Acquired REO Property, the Debtor and the Manager shall act in the best interests of the Debtor and the members and creditors of the Debtor (including the FDIC in its various capacities) in accordance with the Servicing Standards pursuant to the LLC Operating Agreement, in accordance with the specific provisions of the LLC Operating Agreement relating to REO Properties and in general conformance with the Business Plan. The Debtor shall furnish to the Collateral Agent such reports regarding the operation, management, leasing or disposition of any Acquired REO Property as the Collateral Agent reasonably shall request.
Appears in 1 contract
