Common use of Administrative Duties Clause in Contracts

Administrative Duties. (a) Duties with Respect to the Indenture and Depository Agreements. The Servicer shall perform all its duties and the duties of the Issuer under the Indenture and the other Basic Documents. In addition, the Servicer shall consult with the Owner Trustee as the Servicer deems appropriate regarding the duties of the Issuer under the Indenture and the other Basic Documents. The Servicer shall monitor the performance of the Issuer and shall advise the Owner Trustee when action is necessary to comply with the Issuer's duties under the Indenture and the other Basic Documents. The Servicer shall prepare for execution by the Issuer or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Indenture and the other Basic Documents. In furtherance of the foregoing, the Servicer shall take all necessary action that is the duty of the Issuer to take pursuant to the Indenture and the other Basic Documents, including, without limitation, pursuant to Sections 2.7, 3.5, 3.6, 3.7, 3.9, 6.7, 7.2, 7.3, 11.1 and 11.15 of the Indenture.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Franklin Receivables LLC), Sale and Servicing Agreement (Franklin Receivables LLC), Sale and Servicing Agreement (Franklin Receivables LLC)

AutoNDA by SimpleDocs

Administrative Duties. (a) Duties with Respect to the Indenture and Depository Agreements. The Servicer shall perform all its duties and the duties of the Issuer under the Indenture and the other Basic Documents. In addition, the Servicer shall consult with the Owner Trustee as the Servicer deems appropriate regarding the duties of the Issuer under the Indenture and the other Basic Documents. The Servicer shall monitor the performance of the Issuer and shall advise the Owner Trustee when action is necessary to comply with the Issuer's ’s duties under the Indenture and the other Basic Documents. The Servicer shall prepare for execution by the Issuer or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Indenture and the other Basic Documents. In furtherance of the foregoing, the Servicer shall take all necessary action that is the duty of the Issuer to take pursuant to the Indenture and the other Basic Documents, including, without limitation, pursuant to Sections 2.7, 3.5, 3.6, 3.7, 3.9, 6.7, 7.2, 7.3, 11.1 and 11.15 of the Indenture.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Franklin Receivables Auto Trust 2003-1), Sale and Servicing Agreement (Franklin Auto Trust 2003-2)

Administrative Duties. (a) Duties with Respect to the Indenture and Depository Agreements. The Servicer shall perform all its duties and the duties of the Issuer under the Indenture and the other Basic DocumentsDepository Agreements. In addition, the Servicer shall consult with the Owner Trustee as the Servicer deems appropriate regarding the duties of the Issuer under the Indenture and the other Basic DocumentsDepository Agreements. The Servicer shall monitor the performance of the Issuer and shall advise the Owner Trustee when action is necessary to comply with the Issuer's duties under the Indenture and the other Basic DocumentsDepository Agreements. The Servicer shall prepare for execution by the Issuer or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Indenture and the other Basic DocumentsDepository Agreements. In furtherance of the foregoing, the Servicer shall take all necessary action that is the duty of the Issuer to take pursuant to the Indenture and the other Basic DocumentsDepository Agreements, including, without limitation, pursuant to Sections 2.7, 3.5, 3.6, 3.7, 3.9, 6.7, 7.2, 7.3, 11.1 and 11.15 of the Indenture.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (FCC Receivables Corp), Sale and Servicing Agreement (Money Store Auto Trust 1996-2)

Administrative Duties. (a) Duties with Respect to the Indenture and Depository Agreements------------------------- ---------------------------- Indenture. The Master Servicer shall perform all its duties and the duties of ---------- the Issuer under the Indenture and the other Basic DocumentsIndenture. In addition, the Master Servicer shall consult with the Owner Trustee as the Master Servicer deems appropriate regarding the duties of the Issuer under the Indenture and the other Basic DocumentsIndenture. The Master Servicer shall monitor the performance of the Issuer and shall advise the Owner Trustee when action is necessary to comply with the Issuer's duties under the Indenture and the other Basic DocumentsIndenture. The Master Servicer shall prepare for execution by the Issuer or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Indenture and the other Basic DocumentsIndenture. In furtherance of the foregoing, the Master Servicer shall take all necessary action that is the duty of the Issuer to take pursuant to the Indenture and the other Basic Documents, including, without limitation, pursuant to Sections 2.7, 3.5, 3.6, 3.7, 3.9, 6.7, 7.2, 7.3, 11.1 and 11.15 of the Indenture.

Appears in 1 contract

Samples: Servicing Agreement (Imh Assets Corp)

AutoNDA by SimpleDocs

Administrative Duties. (a) Duties with Respect to the Indenture and Depository Agreements. The Servicer shall perform all its duties and the duties of the Issuer under the Indenture and the other Basic DocumentsDepository Agreements. In addition, the Servicer shall consult with the Owner Trustee as the Servicer deems appropriate regarding the duties of the Issuer under the Indenture and the other Basic DocumentsDepository Agreements. The Servicer shall monitor the performance of the Issuer and shall advise the Owner Trustee when action is necessary to comply with the Issuer's duties under the Indenture and the other Basic DocumentsDepository Agreements. The Servicer shall prepare for execution by the Issuer or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Indenture and the other Basic DocumentsDepository Agreements. In furtherance of the foregoing, the Servicer shall take all necessary action that is the duty of the Issuer to take pursuant to the Indenture and the other Basic DocumentsDepository Agreements, including, without limitation, pursuant to Sections 2.7, 3.5, 3.6, 3.7, 3.9, 6.7, 7.2, 7.3, 11.1 and 11.15 of the Indenture.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Nationsfinancial Funding Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!