Bankruptcies. In the event that a Borrower files any bankruptcy proceedings, Servicer may (but shall not be required to) represent Purchaser’s interest in any bankruptcy proceedings relating to the Borrower in accordance with the Accepted Servicing Practices.
Bankruptcies. If Servicer receives written notice that an Obligor has become subject to bankruptcy proceedings under Federal or State law, Servicer or its designee (attorney if required) shall provide the following services as necessary:
a. Servicer shall immediately cease all collection activity and otherwise comply with the Bankruptcy Code and all related laws and regulations.
b. Servicer shall file a claim with the applicable court.
c. Servicer shall obtain legal services for the prosecution of the claim when necessary.
d. Servicer shall monitor the receipts of funds being paid through the applicable bankruptcy plan.
e. Upon dismissal of an action under bankruptcy, Servicer shall service the Obligor's account pursuant to the standard collection procedures of Section I of this Schedule A.
f. Should the Obligor account be the subject of a reaffirmation or court ordered modified payment schedule, Servicer shall administer and collect the account in the same fashion as that prior to the bankruptcy proceedings.
Bankruptcies. The Proposer shall state if they are involved in an ongoing bankruptcy as a debtor, or in a reorganization, liquidation, or dissolution proceeding, or if a trustee or receiver has been appointed over all or a substantial portion of the property of the Proposer under federal bankruptcy law or any state insolvency law.
Bankruptcies. Has your firm or its parents or any subsidiaries ever had a Bankruptcy Petition filed in its name, voluntarily or involuntarily? (If yes, specify date, circumstances, and resolution). Check here if provided Check here if Not Applicable (N/A) I, , Name of Authorized Officer per Sunbiz Title of Name of Firm as it appears on Sunbiz I hereby attest that I have the authority to sign this notarized certification and certify that the above referenced information is true, complete and correct. Signature of Authorized Officer per Sunbiz Print Name of Person Signing “A person or affiliate who has been placed on the convicted vendor list following a conviction for a public entity crime may not submit a bid, proposal, or reply on a contract to provide any goods or services to a public entity; may not submit a bid, proposal, or reply on a contract with a public entity for the construction or repair of a public building or public work; may not submit bids, proposals, or replies on leases of real property to a public entity; may not be awarded or perform work as a Contractor, supplier, subcontractor, or consultant under a contract with any public entity; and may not transact business with any public entity in excess of the threshold amount provided in Section 287.017, for CATEGORY TWO for a period of 36 months following the date of being placed on the convicted vendor list.” Title: Signed and Sealed day of , 2017
Bankruptcies. If the Servicer has actual knowledge that a Borrower is the subject of a proceeding under the bankruptcy code or any other similar law, has made an assignment for the benefit of creditors, or has had a receiver or custodian appointed for its property, the Servicer will retain an attorney to pursue claims to payment on the Mortgage Loan and foreclosure on the Mortgaged Premises. If the Mortgaged Premises is acquired in an insolvency proceeding, it shall be acquired in the name of Owner or its designee. The Servicer will be responsible for representing the Owner's interest in any bankruptcy proceedings relating to the Borrower. The costs of protecting the Owner's interest shall be paid in accordance with Section 6.
Bankruptcies. If WOFC receives a notice that a Borrower on an Account has filed for relief under the United States Bankruptcy Code, WOFC shall file a proof of claim and notify Company of the bankruptcy filing. In the event that activities outside the scope of routine bankruptcy filings and follow-up are necessary, the Company may, at its option, instruct WOFC to hire the services of a law firm to represent the Company in the Borrower's bankruptcy at the expense of Company. If WOFC must retain the services of an attorney to file a proof of claim, Company agrees to pay all reasonable attorney fees and costs, including all filing fees, relating to the filing of such proof of claim. However, if Company instructs WOFC to retain the services of a specific law firm, Company agrees to pay all attorney fees and costs, including all filing fees, relating to the filing of such proof of claim. Company's Payment of such attorneys fees and costs shall be made monthly, as invoiced by WOFC, concurrently with payment of the Servicing Fees.
Bankruptcies. During the preceding five (5) years, Borrower has not filed or had filed against it any bankruptcy, receivership or similar petitions nor has it made any assignments for the benefit of creditors.
Bankruptcies. Third-party payment agreements. 24 6 Moving expense pre-authorization forms, W-9 form (Request for Taxpayer Identification Number and Certification). 25 6 W-9 form (Request for Taxpayer Identification Number and Certification). 26 Assistant Director Corporate Reporting and Taxation 6a W-9 form (Request for Taxpayer Identification Number and Certification). 27 6a Form-1042 (Annual Reconciliation form for U.S. source income of foreign persons.) 28 7 Residence hall housing contracts.
Bankruptcies. The Servicer will represent the related Investor’s interest in any bankruptcy proceedings relating to the Mortgagor. The associated costs of protecting such Investor’s interest in bankruptcy shall be paid as a Servicing Advance in accordance with this Agreement. If the Mortgagor, a creditor, or a bankruptcy trustee proposes to reduce the unpaid principal balance of the Mortgage Note, reduce the Mortgage Interest Rate, or otherwise modify a Mortgagor’s obligations under a Mortgage Loan, the Servicer shall use reasonable efforts to challenge any such modification on a timely basis if a commercially reasonable and valid legal basis exists for such challenge, unless Angel Oak, on behalf of the related Investor, agrees to such reduction.
Bankruptcies. During the preceding five (5) years, Xxxxxxxx has not filed or had filed against it any bankruptcy, receivership or similar petitions nor has it made any assignments for the benefit of creditors.
