Common use of Delivery of Files Clause in Contracts

Delivery of Files. Upon resignation by, or termination of the appointment of, the Administrator under this Agreement pursuant to this Clause 19, the Administrator shall: (a) forthwith deliver to (and in the meantime hold on trust for, and to the order of) the Mortgages Trustee or as it shall direct the Mortgage Loan Files, the Title Deeds, all books of account, papers, records, registers, correspondence and documents in its possession or under its control relating to the affairs of, or belonging to, the Mortgages Trustee (as trustee for the Beneficiaries) and the Mortgages in the Mortgage Portfolio and any other Related Security, (if practicable, on the date of receipt) any monies then held by the Administrator on behalf of the Mortgages Trustee and any other assets of the Mortgages Trustee as trustee for the Beneficiaries; (b) take such further action as the Mortgages Trustee, Funding and the Security Trustee may reasonably direct at the expense of the Beneficiaries (including in relation to the appointment of a substitute administrator) provided that neither the Mortgages Trustee nor the Security Trustee shall be required to take or direct to be taken such further action unless it has been indemnified to its satisfaction; (c) provide all relevant information contained on computer records in the form of magnetic tape, together with details of the layout of the files encoded on such magnetic tapes; and (d) co-operate and consult with and assist the Mortgages Trustee, Funding, the Security Trustee and their nominees (which shall, for the avoidance of doubt, include any new administrator appointed by any of them) for the purposes of explaining the file layouts and the format of the magnetic tapes generally containing such computer records on the computer system of the Mortgages Trustee or such nominee.

Delivery of Files. Upon resignation by, or termination of the appointment of, the Administrator Servicer under this Agreement pursuant to this Clause 19, the Administrator Servicer shall: (a) forthwith deliver to (and in the meantime hold on trust for, and to the order of) the Mortgages Trustee or as it shall direct the Mortgage Loan Files, the Title DeedsDeeds (if any), all books of account, papers, records, registers, correspondence and documents in its possession or under its control relating to the affairs of, or belonging to, the Mortgages Trustee (as trustee for the Beneficiaries) and the Mortgages in the Mortgage Portfolio and any other Related Security, (if practicable, on the date of receipt) any monies then held by the Administrator Servicer on behalf of the Mortgages Trustee and any other assets of the Mortgages Trustee as trustee for the Beneficiaries; (b) take such further action as the Mortgages Trustee, the Funding Beneficiaries and the Funding Security Trustee Trustees may reasonably direct at the expense of the Beneficiaries (including in relation to the appointment of a substitute administratorServicer) provided that neither the Mortgages Trustee nor the each Funding Security Trustee shall be required to take or direct to be taken such further action unless it has been indemnified to its satisfaction; (c) provide all relevant information contained on computer records in the form of magnetic tape, together with details of the layout of the files encoded on such magnetic tapes; and (d) co-operate and consult with and assist the Mortgages Trustee, Fundingeach Funding Beneficiary, the each Funding Security Trustee and their nominees (which shall, for the avoidance of doubt, include any new administrator Servicer appointed by any of them) for the purposes of explaining the file layouts and the format of the magnetic tapes generally containing such computer records on the computer system of the Mortgages Trustee or such nominee.

Delivery of Files. Upon resignation by, or termination of the appointment of, the Administrator under this Agreement pursuant to this Clause 19, the Administrator shall: (a) forthwith deliver to (and in the meantime hold on trust for, and to the order of) the Mortgages Trustee or as it shall direct the Mortgage Loan Files, the Title Deeds, all books of account, papers, records, registers, correspondence and documents in its possession or under its control relating to the affairs of, or belonging to, the Mortgages Trustee (as trustee for the Beneficiaries) and the Mortgages in the Mortgage Portfolio and any other Related Security, (if practicable, on the date of receipt) any monies then held by the Administrator on behalf of the Mortgages Trustee and any other assets of the Mortgages Trustee as trustee for the Beneficiaries; (b) take such further action as the Mortgages Trustee, the Funding Beneficiaries and the Funding Security Trustee Trustees may reasonably direct at the expense of the Beneficiaries (including in relation to the appointment of a substitute administrator) provided that neither the Mortgages Trustee nor the each Funding Security Trustee shall be required to take or direct to be taken such further action unless it has been indemnified to its satisfaction; (c) provide all relevant information contained on computer records in the form of magnetic tape, together with details of the layout of the files encoded on such magnetic tapes; and (d) co-operate and consult with and assist the Mortgages Trustee, Fundingeach Funding Beneficiary, the each Funding Security Trustee and their nominees (which shall, for the avoidance of doubt, include any new administrator appointed by any of them) for the purposes of explaining the file layouts and the format of the magnetic tapes generally containing such computer records on the computer system of the Mortgages Trustee or such nominee.