Common use of Enforcement of the Servicing Agreements Clause in Contracts

Enforcement of the Servicing Agreements. (a) The Custodian shall take all reasonable steps, actions and proceedings necessary to enforce all terms, covenants and conditions of the Servicing Agreement, and shall cause the Servicer to specify whether Collections received by it and deposited into the Collection Account represent principal or interest.

Appears in 3 contracts

Samples: Master Participation Agreement, Master Participation Agreement, Master Participation Agreement (Nelnet Inc)

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Enforcement of the Servicing Agreements. (a) The a)The Custodian shall take all reasonable steps, actions and proceedings necessary to enforce all terms, covenants and conditions of the Servicing Agreement, and shall cause the Servicer to specify whether Collections received by it and deposited into the Collection Account represent principal or interest.

Appears in 1 contract

Samples: Master Participation Agreement (Student Loan Corp)

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