General Obligations of Servicer. Servicer shall, in accordance with Section 4.1(i): (i) enforce the Purchased Assets and the Payment Obligations and other obligations arising under the Loan Documents, to the extent relating to the Purchased Assets, on behalf of Purchaser; (ii) manage and collect the Payment Obligations and deposit or cause to be deposited all Distributions relating to the Purchased Assets into the Collection Account in accordance with the terms of Section 4.5(a); and (iii) take any actions appropriate to collect each Payment Obligation with respect to a Purchased Asset in accordance with Applicable Law and the applicable Loan Documents. To the extent necessary or appropriate to perform such duties, Servicer shall have the power to negotiate, execute and deliver all necessary and appropriate documents and instruments on behalf of Purchaser with respect thereto, in each case, subject to Section 4.l(e) and otherwise in the manner and to the extent permitted by this Agreement. Servicer shall determine to the extent reasonably practicable whether a Purchased Asset has become a Defaulted Asset and provide prompt notice to Purchaser and Note Purchaser upon any determination that any Purchased Asset has become a Defaulted Asset.
General Obligations of Servicer
