Asset Plans Sample Clauses

Asset Plans. Within 180 days of the Second Direct Sale Date with respect to DEP Second Direct Sale Tax Liens, and annually by January 31st of each calendar year thereafter, the Servicer shall, in accordance with its servicing standard, prepare a written plan with respect to the servicing of the Tax Liens required to be serviced hereunder. Each such written plan shall include (i) the Servicer’s strategy for collection of such Tax Liens and, if appropriate, the foreclosure thereof and the management of any REO Property, including a projection of anticipated revenues, expenses and capital costs, (ii) the annual budget for managing any REO Property, and (iii) specific actions to be taken and/or strategies to be followed in connection with the foreclosure of such Tax Liens and the management and/or disposition of any REO Property during the relevant time period. All such written plans are referred to herein as the “Asset Plans.” All Asset Plans shall be delivered by the Servicer to the Issuer, the Owner, the PACE Program Administrator, the Program Manager and to the Bank promptly following their preparation.
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Asset Plans. Within 180 days of the Second Sale Date, and annually by January 31st of each calendar year thereafter, the Servicer shall, in accordance with its servicing standard, prepare a written plan with respect to the servicing of the Tax Liens required to be serviced hereunder. Each such written plan shall include (i) the Servicer’s strategy for collection of such Tax Liens and, if appropriate, the foreclosure thereof and the management of any REO Property, including a projection of anticipated revenues, expenses and capital costs, (ii) the annual budget for managing any REO Property, and (iii) specific actions to be taken and/or strategies to be followed in connection with the foreclosure of such Tax Liens and the management and/or disposition of any REO Property during the relevant time period. All such written plans are referred to herein as the “Asset Plans.” All Asset Plans shall be delivered by the Servicer to the Issuer, the Owner, the Program Manager and to the Indenture Trustee promptly following their preparation.
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Related to Asset Plans

  • Amendments This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

  • Definitions As used in this Agreement:

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Representations and Warranties The Borrower represents and warrants to the Lenders that:

  • Compensation The Depositor shall receive at the times set forth in Sections 3.05, 3.18, 3.23 and 4.03 as compensation for performing portfolio supervisory services, bookkeeping and administrative expenses and evaluation services, such amount and for such periods as specified the Prospectus and/or Reference Trust Agreement. The compensation for providing portfolio supervisory services, bookkeeping and administrative expenses and evaluation services shall be made on the basis of the largest number of units outstanding at any time during the period for which such compensation is being computed. At no time, however, will the total amount received by the Depositor for services rendered to all series of Guggenheim Defined Portfolios in any calendar year exceed the aggregate cost to them of supplying such services in such year. Such rate may be increased by the Trustee from time to time, without the consent or approval of any Unitholder, or the Depositor, by amounts not exceeding the proportionate increase during the period from the date of such Prospectus and/or Reference Trust Agreement to the date of any such increase, in consumer prices as published either under the classification "All Services Less Rent" in the Consumer Price Index published by the United States Department of Labor or, IF such Index is no longer published, a similar index. In the event that any amount of the compensation paid to the Depositor pursuant to Sections 3.05, 3.18 and 3.23 and 4.03 is found to be an improper charge against a Trust, the Depositor shall reimburse the Trust in such amount. An improper charge shall be established if a final judgment or order for reimbursement of the Trust shall be rendered against the Depositor and such judgment or order shall not be effectively stayed or a final settlement is established in which the Depositor agrees to reimburse the Trust for amounts paid to the Depositor pursuant to this Section 7.05.

  • Amendment This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and the Holder.

  • Taxes The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Purpose The purpose of this Agreement is to identify the terms and conditions of the relationship between TIPS and Vendor. Public entities and qualifying non-profits that properly join or utilize TIPS (“TIPS Members”) may elect to “piggyback” off of TIPS’ procurements and agreements where the laws of their jurisdiction allow. TIPS Members are not contractual parties to this Agreement although terms and conditions of this Agreement may ensure benefits to TIPS Members.

  • Termination This Agreement may be terminated at any time prior to the Closing:

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