Appointment of Cash Manager. 2.1 Appointment From the date hereof, until termination of this Agreement pursuant to Section 14 hereof, each of the Guarantor and the Bond Trustee (according to their respective estates and interests) hereby appoints the Cash Manager as its lawful mandatary and agent to provide the Cash Management Services set out in this Agreement (including without limitation, Section 3.4 (Compliance with the Asset Coverage Test, the Amortization Test, the Pre-Maturity Test and the Valuation Calculation)) and in Schedules 1 and 2 hereto and the Cash Manager hereby accepts such appointment on the terms and subject to the conditions of this Agreement. The Bond Trustee hereby consents to the appointment of the Cash Manager on the terms and conditions set out herein. From the date hereof until the earlier of the termination of this Agreement pursuant to Section 14 hereof and the occurrence of an Issuer Event of Default, the Issuer hereby appoints the Cash Manager as its lawful agent solely for the purpose of the preparation of Investor Reports pursuant to Section 9.4.1 and acknowledges the role of the Servicer in preparing such Investor Reports. The Cash Manager hereby accepts such appointment on the terms and subject to the conditions of this Agreement.
Appointment of Cash Manager. 2.1 Appointment From the date hereof, until termination of this Agreement pursuant to Section 14 hereof, the Guarantor and the Bond Trustee (according to their respective estates and interests) each hereby appoints the Cash Manager as its lawful agent to provide the Cash Management Services set out in this Agreement (including without limitation, Section
Appointment of Cash Manager. 2.1 Appointment From the date hereof, until termination of this Agreement pursuant to Article 14 hereof, the Guarantor hereby appoints the Cash Manager as its lawful agent to provide the cash management services set out in this Agreement (including without limitation Section 3.4) and in Schedule 1 and 2 hereto (together as, the “Cash Management Services”) and the Cash Manager hereby accepts such appointment on the terms and subject to the conditions of this Agreement. The Bond Trustee hereby consents to the appointment of the Cash Manager on the terms and conditions set out herein. From the date hereof until the earlier of the termination of this Agreement pursuant to Article 14 hereof and the occurrence of an Issuer Event of Default, the Issuer hereby appoints the Cash Manager as its lawful agent solely for the purpose of the preparation of Investor Reports pursuant to Section 9.4(b) and acknowledges the role of the Servicer in preparing such Investor Reports. The Cash Manager hereby accepts such appointment on the terms and subject to the conditions of this Agreement.
Appointment of Cash Manager
