Common use of General Bond Administration Clause in Contracts

General Bond Administration. The Master Servicer shall perform (or supervise the performance of) the following duties on behalf of the Issuing Entity (unless otherwise specified, references in this subsection are to Sections of the Indenture and each capitalized term used in this Section 11.01 and not otherwise defined shall have the meaning ascribed to it in the Indenture): (i) cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument specifying the responsibilities of such Paying Agent in accordance with the provisions of Section 9.03 (Section 9.03); (ii) prepare and cause to be delivered to the Trustee the annual written compliance statement (Section 9.09); (iii) compensate and reimburse the Trustee pursuant to Section 7.07 (Section 7.07); (iv) prepare (or cause to be prepared) any supplemental indenture or amendment to the Indenture to be executed subsequent to the Closing Date (and documents required to accompany them) as the Issuing Entity or Trustee may determine to be necessary or appropriate (Sections 10.01 and 10.02); (v) prepare and deliver notices to the Trustee for execution as necessary, distribute such notices and prepare such other information and documents as may be required in connection with any optional redemption of the Bonds (Sections 11.01, 11.03 and 11.04); (vi) advise the Issuing Entity with respect to any proposed removal of the Trustee and, if a successor or additional trustee is to be appointed, solicit and review bids, examine the qualifications of bidders, submit to the Issuing Entity a list of qualified candidates from which such appointment may be made by the Issuing Entity and draft any notice required in connection with the appointment of a successor trustee (Sections 7.10 and 7.11); (vii) if a successor to the Bond Registrar is to be appointed subsequent to the Closing Date, solicit and review bids, examine the qualifications of bidders, and submit to the Issuing Entity a list of qualified candidates from which such appointment may be made by the Issuing Entity (Section 3.05); (viii) subsequent to the Closing Date, prepare, file, record or deliver such continuation statements, instruments of further assurance and such other instruments as required by Section 9.05 of the Indenture and submit such instruments to the Issuing Entity for execution and filing or delivery and advise the Issuing Entity when the Master Servicer becomes aware of a necessity to take other action to protect the Trust Estate (Section 9.05); (ix) cause all Opinions of Counsel required by Section 9.06 to be prepared and delivered to the Issuing Entity for delivery to the Trustee (Section 9.06); (x) prepare documents necessary for the satisfaction and discharge of the Indenture, submit such documents to the Issuing Entity and (upon execution by the Issuing Entity) deliver and (as necessary) record such documents (Section 5.01); (xi) prepare and deliver to the Issuing Entity for distribution any notifications required in connection with any election by the Issuing Entity to defease the Bonds (Section 5.01); (xii) prepare all documents required in connection with any Grant of Substitute Mortgage Collateral and submit such documents to the Issuing Entity for execution, obtain any Opinions of Counsel required in connection therewith, and prepare any notices required in connection with the issuance of a replacement Guaranteed Investment Contract and deliver such notices to the Issuing Entity (Section 3.11); (xiii) prepare (or cause to be prepared) certificates or opinions with respect to compliance with the Indenture and submit such certificates or opinions to the Issuing Entity for execution (Section 15.01 ); (xiv) prepare and cause to be filed all reports required to be filed pursuant to Section 8.04 (Section 8.04); (xv) compile and render all Accounting Reports, Interest Payment Date Reports and Collateral Valuation Reports required pursuant to Section 12.09 (Section 12.09); (xvi) cause to be delivered to the Trustee the Yearly Accountants’ Certificates (Sections 13.01(f)); (xvii) make any required corrections in Collateral Valuation and Accounting Reports (Section 13.01(h)); (xviii) cause to be delivered to the Trustee all Accountants’ Certificates, written instructions, and other documents required to disburse excess funds or release Mortgage Collateral from the Trust Estate (Section 13.05); and (xix) notify the Rating Agencies of any events of which the Issuing Entity is required to give notice pursuant to the Indenture.

General Bond Administration. The Master Servicer shall perform (or supervise the performance of) the following duties on behalf of the Issuing Entity Issuer (unless otherwise specified, references in this subsection are to Sections of the Indenture and each capitalized term used in this Section 11.01 and not otherwise defined shall have the meaning ascribed to it in the Indenture): (i) cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument specifying the responsibilities of such Paying Agent in accordance with the provisions of Section 9.03 (Section 9.03); (ii) prepare and cause to be delivered to the Trustee the annual written compliance statement (Section 9.09); (iii) compensate and reimburse the Trustee pursuant to Section 7.07 (Section 7.07); (iv) prepare (or cause to be prepared) any supplemental indenture or amendment to the Indenture to be executed subsequent to the Closing Date (and documents required to accompany them) as the Issuing Entity Issuer or Trustee may determine to be necessary or appropriate (Sections 10.01 and 10.02); (v) prepare and deliver notices to the Trustee for execution as necessary, distribute such notices and prepare such other information and documents as may be required in connection with any optional redemption of the Bonds (Sections 11.01, 11.03 and 11.04); (vi) advise the Issuing Entity Issuer with respect to any proposed removal of the Trustee and, if a successor or additional trustee is to be appointed, solicit and review bids, examine the qualifications of bidders, submit to the Issuing Entity Issuer a list of qualified candidates from which such appointment may be made by the Issuing Entity Issuer and draft any notice required in connection with the appointment of a successor trustee (Sections 7.10 and 7.11); (vii) if a successor to the Bond Registrar is to be appointed subsequent to the Closing Date, solicit and review bids, examine the qualifications of bidders, and submit to the Issuing Entity Issuer a list of qualified candidates from which such appointment may be made by the Issuing Entity Issuer (Section 3.05); (viii) subsequent to the Closing Date, prepare, file, record or deliver such continuation statements, instruments of further assurance and such other instruments as required by Section 9.05 of the Indenture and submit such instruments to the Issuing Entity Issuer for execution and filing or delivery and advise the Issuing Entity Issuer when the Master Servicer becomes aware of a necessity to take other action to protect the Trust Estate (Section 9.05); (ix) cause all Opinions of Counsel required by Section 9.06 to be prepared and delivered to the Issuing Entity Issuer for delivery to the Trustee (Section 9.06); (x) prepare documents necessary for the satisfaction and discharge of the Indenture, submit such documents to the Issuing Entity Issuer and (upon execution by the Issuing EntityIssuer) deliver and (as necessary) record such documents (Section 5.01); (xi) prepare and deliver to the Issuing Entity Issuer for distribution any notifications required in connection with any election by the Issuing Entity Issuer to defease the Bonds (Section 5.01); (xii) prepare all documents required in connection with any Grant of Substitute Mortgage Collateral and submit such documents to the Issuing Entity Issuer for execution, obtain any Opinions of Counsel required in connection therewith, and prepare any notices required in connection with the issuance of a replacement Guaranteed Investment Contract and deliver such notices to the Issuing Entity Issuer (Section 3.11); (xiii) prepare (or cause to be prepared) certificates or opinions with respect to compliance with the Indenture and submit such certificates or opinions to the Issuing Entity Issuer for execution (Section 15.01 ); (xiv) prepare and cause to be filed all reports required to be filed pursuant to Section 8.04 (Section 8.04); (xv) compile and render all Accounting Reports, Interest Payment Date Reports and Collateral Valuation Reports required pursuant to Section 12.09 (Section 12.09); (xvi) cause to be delivered to the Trustee the Yearly Accountants’ ' Certificates (Sections 13.01(f)); (xvii) make any required corrections in Collateral Valuation and Accounting Reports (Section 13.01(h)); (xviii) cause to be delivered to the Trustee all Accountants’ ' Certificates, written instructions, and other documents required to disburse excess funds or release Mortgage Collateral from the Trust Estate (Section 13.05); and (xix) notify the Rating Agencies of any events of which the Issuing Entity Issuer is required to give notice pursuant to the Indenture.

General Bond Administration. The Master Servicer shall perform (or supervise the performance of) the following duties on behalf of the Issuing Entity Issuer (unless otherwise specified, references in this subsection are to Sections of the Indenture and each capitalized term used in this Section 11.01 and not otherwise defined shall have the meaning ascribed to it in the Indenture): (i) cause each Paying Agent other than the Trustee to execute and deliver to the Trustee an instrument specifying the responsibilities of such Paying Agent in accordance with the provisions of Section 9.03 (Section 9.03); (ii) prepare and cause to be delivered to the Trustee the annual written compliance statement (Section 9.09); (iii) compensate and reimburse the Trustee pursuant to Section 7.07 (Section 7.07); (iv) prepare (or cause to be prepared) any supplemental indenture or amendment to the Indenture to be executed subsequent to the Closing Date (and documents required to accompany them) as the Issuing Entity Issuer or Trustee may determine to be necessary or appropriate (Sections 10.01 and 10.02); (v) prepare and deliver notices to the Trustee for execution as necessary, distribute such notices and prepare such other information and documents as may be required in connection with any optional redemption of the Bonds (Sections 11.01, 11.03 and 11.04); (vi) advise the Issuing Entity Issuer with respect to any proposed removal of the Trustee and, if a successor or additional trustee is to be appointed, solicit and review bids, examine the qualifications of bidders, submit to the Issuing Entity Issuer a list of qualified candidates from which such appointment may be made by the Issuing Entity Issuer and draft any notice required in connection with the appointment of a successor trustee (Sections 7.10 and 7.11); (vii) if a successor to the Bond Registrar is to be appointed subsequent to the Closing Date, solicit and review bids, examine the qualifications of bidders, and submit to the Issuing Entity Issuer a list of qualified candidates from which such appointment may be made by the Issuing Entity Issuer (Section 3.05); (viii) subsequent to the Closing Date, prepare, file, record or deliver such continuation statements, instruments of further assurance and such other instruments as required by Section 9.05 of the Indenture and submit such instruments to the Issuing Entity Issuer for execution and filing or delivery and advise the Issuing Entity Issuer when the Master Servicer becomes aware of a necessity to take other action to protect the Trust Estate (Section 9.05); (ix) cause all Opinions of Counsel required by Section 9.06 to be prepared and delivered to the Issuing Entity Issuer for delivery to the Trustee (Section 9.06); (x) prepare documents necessary for the satisfaction and discharge of the Indenture, submit such documents to the Issuing Entity Issuer and (upon execution by the Issuing EntityIssuer) deliver and (as necessary) record such documents (Section 5.01); (xi) prepare and deliver to the Issuing Entity Issuer for distribution any notifications required in connection with any election by the Issuing Entity Issuer to defease the Bonds (Section 5.01); (xii) prepare all documents required in connection with any Grant of Substitute Mortgage Collateral and submit such documents to the Issuing Entity Issuer for execution, obtain any Opinions of Counsel required in connection therewith, and prepare any notices required in connection with the issuance of a replacement Guaranteed Investment Contract and deliver such notices to the Issuing Entity Issuer (Section 3.11); (xiii) prepare (or cause to be prepared) certificates or opinions with respect to compliance with the Indenture and submit such certificates or opinions to the Issuing Entity Issuer for execution (Section 15.01 15.01); (xiv) prepare and cause to be filed all reports required to be filed pursuant to Section 8.04 (Section 8.04); (xv) compile and render all Accounting Reports, Interest Payment Date Reports and Collateral Valuation Reports required pursuant to Section 12.09 (Section 12.09); (xvi) cause to be delivered to the Trustee the Yearly Accountants’ ' Certificates (Sections 13.01(f)); (xvii) make any required corrections in Collateral Valuation and Accounting Reports (Section 13.01(h)); (xviii) cause to be delivered to the Trustee all Accountants’ ' Certificates, written instructions, and other documents required to disburse excess funds or release Mortgage Collateral from the Trust Estate (Section 13.05); and (xix) notify the Rating Agencies of any events of which the Issuing Entity Issuer is required to give notice pursuant to the Indenture.