Common use of Have Qualified Staff and Adequate Facilities and Systems Clause in Contracts

Have Qualified Staff and Adequate Facilities and Systems. The PFI must, at all times, employ personnel or agents who are well trained and qualified to perform the functions required under Articles III and IV of this Contract, and maintain facilities and systems that are able to perform its functions under Articles III and IV of this Contract.

Appears in 3 contracts

Samples: Participating Financial Institution Agreement, Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)

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Have Qualified Staff and Adequate Facilities and Systems. The PFI must, at all times, employ personnel or agents who are well trained and qualified to perform the functions required of the PFI, as Servicer, under Articles III and IV of this Contract, and the PFI and any agents must maintain facilities and systems that that, in the Bank’s judgment, are able to perform its functions as Servicer under Articles III and IV of this Contract.

Appears in 3 contracts

Samples: Participating Financial Institution Agreement, Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)

Have Qualified Staff and Adequate Facilities and Systems. The PFI must, at all times, employ personnel or agents who are well trained and qualified to perform the functions required of the PFI, as Servicer, under Articles III and IV of this Contract. In addition, the PFI and any agents must maintain facilities and systems that are able to perform its functions as Servicer under Articles III and IV of this Contract.

Appears in 2 contracts

Samples: Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)

Have Qualified Staff and Adequate Facilities and Systems. The PFI must, at all times, employ personnel or agents who are well trained and qualified qualified to perform the functions required under Articles III and IV of this Contract, and maintain facilities and systems that are able to perform its functions under Articles III and IV of this Contract.

Appears in 2 contracts

Samples: Participating Financial Institution Agreement, Participating Financial Institution Agreement

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Have Qualified Staff and Adequate Facilities and Systems. The PFI must, at all times, employ personnel or agents who are well trained and qualified qualified to perform the functions required of the PFI, as Servicer, under Articles III and IV of this Contract, and the PFI and any agents must maintain facilities and systems that that, in the Bank’s judgment, are able to perform its functions as Servicer under Articles III and IV of this Contract.

Appears in 2 contracts

Samples: Participating Financial Institution Agreement, Participating Financial Institution Agreement

Have Qualified Staff and Adequate Facilities and Systems. The PFI must, at all times, employ personnel or agents who are well trained and qualified to perform the functions required of the PFI under Articles III and IV of this Contract. In addition, and the PFI must maintain facilities and systems that are able to perform its functions under Articles III and IV of this Contract.

Appears in 2 contracts

Samples: Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)

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