Common use of Implementation of Asset Plans Clause in Contracts

Implementation of Asset Plans. The Servicer shall take such actions as it is required to take pursuant to the Asset Plans. If the Servicer in the exercise of its reasonable judgment believes that subsequent prevailing facts and circumstances render such actions inconsistent with its servicing standard hereunder, it shall immediately advise the Issuer, the Owner, the PACE Program Administrator, the Program Manager and the Bank and shall refrain from taking such actions and shall revise the Asset Plans accordingly and promptly deliver such revised Asset Plans to the Issuer, the Owner, the PACE Program Administrator, the Program Manager and the Bank.

Implementation of Asset Plans. The Servicer shall take such actions as it is required to take pursuant to the Asset Plans. If the Servicer in the exercise of its reasonable judgment believes that subsequent prevailing facts and circumstances render such actions inconsistent with its servicing standard hereunder, it shall immediately advise the Issuer, the Owner, the PACE Program Administrator, the Program Manager and the Bank Indenture Trustee and shall refrain from taking such actions and shall revise the Asset Plans accordingly and promptly deliver such revised Asset Plans to the Issuer, the Owner, the PACE Program Administrator, the Program Manager and the BankIndenture Trustee.