Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer acknowledge and agree that the purpose of Article Three of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 125 contracts
Samples: Sale and Servicing Agreement (American Honda Receivables LLC), Sale and Servicing Agreement (Honda Auto Receivables 2025-1 Owner Trust), Sale and Servicing Agreement (Honda Auto Receivables 2025-1 Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Administrator acknowledge and agree that the purpose of Article Three Section 20 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, Issuer nor the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Administrator acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Indenture Trustee, the Servicer or any other party to the Administrator Transaction Documents in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Administrator shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator Issuer, to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer Administrator by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 111 contracts
Samples: Administration Agreement (Toyota Auto Receivables 2025-a Owner Trust), Administration Agreement (Toyota Auto Receivables 2025-a Owner Trust), Administration Agreement (Toyota Auto Receivables 2024-D Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer acknowledge and agree that the purpose of Article Three Sections 4.11, 4.12 and 4.14 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 80 contracts
Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2025-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2025-a Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2024-D Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Administrator acknowledge and agree that the purpose of Article Three Section 1.21 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, Issuer nor the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the federal securities laws, including the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Administrator acknowledges that the requirements of, and that the interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, amendments to the regulation, or otherwise, and agrees to comply with requests made by the Issuer Indenture Trustee, the Servicer or any other party to the Administrator Transaction Documents in good faith for delivery of information under these provisions on the basis of evolving interpretations and rules of Regulation AB. In connection with this transactiontherewith, the Servicer Administrator shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator Issuer, to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing shall provide timely notice of requests for information under these provisions and by reasonably limiting limit such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, required to comply with Regulation AB.
Appears in 70 contracts
Samples: Administration Agreement (American Honda Receivables LLC), Administration Agreement (Honda Auto Receivables 2025-1 Owner Trust), Administration Agreement (Honda Auto Receivables 2025-1 Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Section 3.09 and 7.02(e) of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with federal securities laws, including the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder thereunder. Each of the parties hereto agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish compliance with Regulation AB, (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or the provision in a private offering of disclosure comparable to that required under guidance from the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over timeand Exchange Commission, whether due to interpretive guidance provided by the Commission convention or its staff, consensus among active participants in the asset-backed securities markets, advice or otherwise in respect of counsel, or otherwise, the requirements of Regulation AB as they may be applied by the Securities and agrees Exchange Commission to the Issuer in connection with the Notes and (c) the parties shall comply with reasonable requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination behalf of the Issuer or the Administrator Indenture Trustee for delivery of additional or different information, to permit the Issuer or Administrator (acting on behalf of extent such information is available, as the Issuer) person requesting such information may determine in good faith is necessary for it to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer . Any and the Receivables, or the servicing of the Receivables, reasonably believed all expenses incurred by the Issuer or the Administrator to Indenture Trustee in compliance with this Section shall be necessary considered indemnities payable in order to effect such complianceaccordance with Section 6.07 hereof. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or of the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 42 contracts
Samples: Indenture (Honda Auto Receivables 2020-1 Owner Trust), Indenture (Honda Auto Receivables 2020-1 Owner Trust), Indenture (Honda Auto Receivables 2019-3 Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Administrator acknowledge and agree that the purpose of Article Three Section 1.21 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, Issuer nor the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the federal securities laws, including the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Administrator acknowledges that the requirements of, and that the interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, amendments to the regulation, or otherwise, and agrees to comply with requests made by the Issuer Indenture Trustee, the Servicer or any other party to the Administrator Transaction Documents in good faith for delivery of information under these provisions on the basis of evolving interpretations and rules of Regulation AB. In connection with this transactiontherewith, the Servicer Administrator shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer Administrator by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Administrator’s, on behalf of the Issuer, reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 40 contracts
Samples: Administration Agreement (Honda Auto Receivables 2015-3 Owner Trust), Administration Agreement (Honda Auto Receivables 2015-3 Owner Trust), Administration Agreement (Honda Auto Receivables 2015-4 Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Sections 3.09 of this Agreement is to facilitate compliance by the Issuer and the Depositor Seller with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer (or the Administrator Administrator, acting on behalf of the Issuer) in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Issuer (or the Issuer Administrator, acting on behalf of the Issuer) to deliver to the Administrator Issuer (or the Administrator, acting on behalf of the Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer (or the Administrator to permit the Issuer or Administrator (Administrator, acting on behalf of the Issuer) to permit the Issuer to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerIndenture Trustee, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer (or the Administrator Administrator, acting on behalf of the Issuer) to be necessary in order to effect such compliance. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 39 contracts
Samples: Indenture (Toyota Auto Receivables 2016-C Owner Trust), Indenture Agreement (Toyota Auto Receivables 2016-C Owner Trust), Indenture (Toyota Auto Receivables 2016-B Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Sections 3.09 of this Agreement is to facilitate compliance by the Issuer and the Depositor Seller with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Issuer (or the Administrator Administrator, acting on behalf of the Issuer) in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Issuer (or the Issuer Administrator, acting on behalf of the Issuer) to deliver to the Administrator Issuer (or the Administrator, acting on behalf of the Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer (or the Administrator to permit the Issuer or Administrator (Administrator, acting on behalf of the Issuer) to permit the Issuer to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, Indenture Trustee reasonably believed by the Issuer (or the Administrator Administrator, acting in good faith on behalf of the Issuer) to be necessary in order to effect such compliance. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 38 contracts
Samples: Indenture (Toyota Auto Receivables 2021-a Owner Trust), Indenture Agreement (Toyota Auto Receivables 2021-a Owner Trust), Indenture (Toyota Auto Receivables 2020-D Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Sections 3.09 of this Agreement Indenture is to facilitate compliance by the Issuer and the Depositor Seller with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Issuer (or the Administrator Administrator, acting on behalf of the Issuer) in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Issuer (or the Issuer Administrator, acting on behalf of the Issuer) to deliver to the Administrator Issuer (or the Administrator, acting on behalf of the Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer (or the Administrator to permit the Issuer or Administrator (Administrator, acting on behalf of the Issuer) to permit the Issuer to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, Indenture Trustee reasonably believed by the Issuer (or the Administrator Administrator, acting in good faith on behalf of the Issuer) to be necessary in order to effect such compliance. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 32 contracts
Samples: Indenture (Toyota Auto Receivables 2025-a Owner Trust), Indenture Agreement (Toyota Auto Receivables 2025-a Owner Trust), Indenture (Toyota Auto Receivables 2024-D Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer acknowledge and agree that the purpose of Article Three Sections 4.11, 4.12 and 4.14 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 31 contracts
Samples: Sale and Servicing Agreement (Toyota Auto Receivables 2015-B Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2015-B Owner Trust), Sale and Servicing Agreement (Toyota Auto Receivables 2015-a Owner Trust)
Intent of the Parties; Reasonableness. The SellerEligible Lender Trustee, ServicerAdministrator, Sponsor on behalf of the Issuer, and Issuer the Servicer acknowledge and agree that the purpose of Article Three VII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorEligible Lender Trustee, Administrator, on behalf of the Administrator Issuer, nor the Issuer Servicer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Administrator, on behalf of the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Servicer and/or any Subservicer and the Receivables, or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shallAdministrator, and shall cause on behalf of the Administrator Issuer, (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 27 contracts
Samples: Servicing Agreement (Navient Student Loan Trust 2014-8), Servicing Agreement (Navient Student Loan Trust 2014-5), Servicing Agreement (Navient Student Loan Trust 2014-2)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three 2 of this Agreement is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Because Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the SponsorSecurities Act and there are market uncertainties with respect to the disclosure that investors in privately offered securities may request, the Administrator parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. Neither the Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, markets or advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator negotiate in good faith with the Purchaser or any Depositor with regard to reasonable requests for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator and the Issuer Purchaser to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be Mortgage Loans necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Purchaser (including any of its assignees or designees) to shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Purchaser’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 26 contracts
Samples: Flow Seller’s Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-7), Flow Seller’s Warranties and Servicing Agreement (Lehman XS Trust Series 2007-7n), Flow Seller’s Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-12)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer acknowledge and agree that the purpose of Article Three Sections 4.11 and 7.05 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 26 contracts
Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2025-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2025-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2024-A)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Indenture Trustee acknowledge and agree that the purpose of Article Three Sections 3.9 and 6.6 of this Agreement Indenture is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Issuer (or the Administrator Administrator, acting on behalf of the Issuer) in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Issuer (or the Issuer Administrator, acting on behalf of the Issuer) to deliver to the Administrator Issuer (or the Administrator, acting on behalf of the Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer (or the Administrator to permit the Issuer or Administrator (Administrator, acting on behalf of the Issuer) to permit the Issuer to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, Indenture Trustee reasonably believed by the Issuer (or the Administrator Administrator, acting in good faith on behalf of the Issuer) to be necessary in order to effect such compliance. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 23 contracts
Samples: Omnibus Amendment (Verizon Owner Trust 2020-A), Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Omnibus Amendment (Verizon Owner Trust 2020-C)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Owner Trust Administrator acknowledge and agree that the purpose of Article Three Section 21 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Issuer nor the Issuer Owner Trust Administrator shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Owner Trust Administrator acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Indenture Trustee, the Servicer or any other party to the Administrator Basic Documents in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Owner Trust Administrator shall cooperate fully with the Administrator and Owner Trust Administrator, on behalf of the Issuer to deliver to the Administrator or IssuerOwner Trust Administrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Owner Trust Administrator, on behalf of the Issuer) , to permit the Owner Trust Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer Owner Trust Administrator by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner Trust Administrator’s, on behalf of the Issuer, reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 19 contracts
Samples: Owner Trust Administration Agreement (BMW Fs Securities LLC), Owner Trust Administration Agreement (BMW Vehicle Owner Trust 2025-A), Owner Trust Administration Agreement (BMW Vehicle Owner Trust 2025-A)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three of Section 3.09 and this Agreement Section 11.19 is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations Each of the requirements parties agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish compliance with Regulation AB may change over timeand (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, whether due to interpretive guidance provided by the Commission or its staff, or consensus among participants in the asset-backed securities markets, advice in respect of counsel, or otherwisethe requirements of Regulation AB, and agrees to the parties shall comply with reasonable requests made by the Issuer Issuer, the Administrator or the Administrator Indenture Trustee in good faith for delivery of additional or different information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuerextent such information is freely available and deliverable (provided that, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Issuer, the Administrator or the Administrator to permit the Issuer Indenture Trustee, such additional or Administrator (acting on behalf of the Issuer) different information is required to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance). The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 18 contracts
Samples: Indenture (BMW Vehicle Owner Trust 2025-A), Indenture (BMW Vehicle Owner Trust 2025-A), Indenture (BMW Vehicle Owner Trust 2024-A)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three 2 of this Agreement is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Because Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the SponsorSecurities Act and there are market uncertainties with respect to the disclosure that investors in privately offered securities may request, the Administrator parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. Neither the Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator negotiate in good faith with the Purchaser or any Depositor with regard to any reasonable requests for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator and the Issuer Purchaser to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be Mortgage Loans necessary in order to effect such compliance. The Issuer shallPurchaser agrees that it will cooperate with the Company and provide sufficient and timely notice of any information requirements pertaining to a Securitization Transaction. The Purchaser will make all reasonable efforts to contain requests for information, reports or any other materials to items required for compliance with Regulation AB, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests not request information which is not required for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation ABcompliance.
Appears in 17 contracts
Samples: Master Mortgage Loan Purchase and Servicing Agreement (GSR Mortgage Loan Trust 2006-9f), Master Mortgage Loan Purchase and Servicing Agreement (GSR 2006-5f), Master Mortgage Loan Purchase and Servicing Agreement (GSR Mortgage Loan Trust 2006-8f)
Intent of the Parties; Reasonableness. The SellerIssuer, Servicer, Sponsor the Eligible Lender Trustee and Issuer the Indenture Trustee acknowledge and agree that the purpose of Article Three XII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None The Eligible Lender Trustee and the Administrator, on behalf of the SponsorIssuer, the Administrator nor the Issuer shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or Administrator, on behalf of the Administrator Issuer, in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records records, attestation, and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, Indenture Trustee or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 15 contracts
Samples: Indenture (SLM Student Loan Trust 2006-3), Indenture (SLM Student Loan Trust 2006-9), Indenture (SLM Student Loan Trust 2006-5)
Intent of the Parties; Reasonableness. The SellerServicer and the Administrator, Serviceron behalf of the Issuer, Sponsor and Issuer acknowledge and agree that the purpose of Article Three VII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, Servicer nor the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or Administrator, on behalf of the Administrator Issuer, in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Servicer and/or any Subservicer and the Receivables, or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shallAdministrator, and shall cause on behalf of the Administrator Issuer, (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer's reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 13 contracts
Samples: Servicing Agreement (SLC Student Loan Trust 2010-1), Servicing Agreement (SLC Student Loan Receivables I Inc), Servicing Agreement (SLC Student Loan Trust 2008-2)
Intent of the Parties; Reasonableness. The SellerEligible Lender Trustee, ServicerAdministrator, Sponsor on behalf of the Issuer, and Issuer the Servicer acknowledge and agree that the purpose of Article Three VII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Eligible Lender Trustee, Administrator, on behalf of the SponsorIssuer, the Administrator nor the Issuer Servicer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Administrator, on behalf of the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Servicer and/or any Subservicer and the Receivables, or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shallAdministrator, and shall cause on behalf of the Administrator Issuer, (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 12 contracts
Samples: Servicing Agreement (SLM Student Loan Trust 2010-1), Servicing Agreement (SLM Student Loan Trust 2009-2), Servicing Agreement (SLM Student Loan Trust 2008-6)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three 2 of this Agreement is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator negotiate in good faith with the Purchaser or any Depositor with regard to any reasonable requests for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator and the Issuer Purchaser to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, and any parties or items identified in writing by the Purchaser, including, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be Mortgage Loans necessary in order to effect such compliance. The Issuer shallPurchaser agrees that it will cooperate with the Company and provide sufficient and timely notice of any information requirements pertaining to a Securitization Transaction. The Purchaser will make all reasonable efforts to contain requests for information, reports or any other materials to items required for compliance with Regulation AB, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests not request information which is not required for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation ABcompliance.
Appears in 12 contracts
Samples: Mortgage Loan Purchase and Servicing Agreement (Sequoia Mortgage Trust 2006-1), Master Mortgage Loan Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar4), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc5)
Intent of the Parties; Reasonableness. The SellerEligible Lender Trustee, ServicerAdministrator, Sponsor on behalf of the Issuer, and Issuer the Servicer acknowledge and agree that the purpose of Article Three VII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Eligible Lender Trustee, Administrator, on behalf of the Sponsor, the Administrator Issuer nor the Issuer Servicer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Administrator, on behalf of the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Servicer and/or any Subservicer and the Receivables, or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shallAdministrator, and shall cause on behalf of the Administrator Issuer, (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 12 contracts
Samples: Servicing Agreement (SLM Student Loan Trust 2006-5), Servicing Agreement (SLM Funding LLC), Servicing Agreement (SLM Student Loan Trust 2007-3)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Section 3.09 and 7.02(e) of this Agreement Indenture is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with federal securities laws, including the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder thereunder. Each of the parties hereto agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish compliance with Regulation AB, (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or the provision in a private offering of disclosure comparable to that required under guidance from the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over timeand Exchange Commission, whether due to interpretive guidance provided by the Commission convention or its staff, consensus among active participants in the asset-backed securities markets, advice or otherwise in respect of counsel, or otherwise, the requirements of Regulation AB as they may be applied by the Securities and agrees Exchange Commission to the Issuer in connection with the Notes and (c) the parties shall comply with reasonable requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination behalf of the Issuer or the Administrator Indenture Trustee for delivery of additional or different information, to permit the Issuer or Administrator (acting on behalf of extent such information is available, as the Issuer) person requesting such information may determine in good faith is necessary for it to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer . Any and the Receivables, or the servicing of the Receivables, reasonably believed all expenses incurred by the Issuer or the Administrator to Indenture Trustee in compliance with this Section shall be necessary considered indemnities payable in order to effect such complianceaccordance with Section 6.07 hereof. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or of the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 12 contracts
Samples: Indenture (Honda Auto Receivables 2024-2 Owner Trust), Indenture (Honda Auto Receivables 2024-2 Owner Trust), Indenture (Honda Auto Receivables 2023-4 Owner Trust)
Intent of the Parties; Reasonableness. The SellerIssuer, Servicer, Sponsor the Eligible Lender Trustee and Issuer the Indenture Trustee acknowledge and agree that the purpose of Article Three XII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None The Eligible Lender Trustee and the Administrator, on behalf of the SponsorIssuer, the Administrator nor the Issuer shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or Administrator, on behalf of the Administrator Issuer, in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records records, attestation, and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, Indenture Trustee or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 11 contracts
Samples: Indenture (SLM Funding LLC), Indenture (SLM Funding LLC), Indenture (SLM Student Loan Trust 2007-5)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Section 3.10 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations Each of the requirements parties agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish compliance with Regulation AB may change over timeand (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, whether due to interpretive guidance provided by the Commission or its staff, or consensus among participants in the asset-backed securities markets, advice in respect of counsel, or otherwisethe requirements of Regulation AB, and agrees to the parties shall comply with reasonable requests made by the Issuer Issuer, the Administrator or the Administrator Indenture Trustee in good faith for delivery of additional or different information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuerextent such information is freely available and deliverable (provided that, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Issuer, the Administrator or the Administrator to permit the Issuer Indenture Trustee, such additional or Administrator (acting on behalf of the Issuer) different information is required to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance). The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 10 contracts
Samples: Indenture (BMW Fs Securities LLC), Indenture (BMW Fs Securities LLC), Indenture (BMW Fs Securities LLC)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Owner Trust Administrator acknowledge and agree that the purpose of Article Three Section 22 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Issuer nor the Issuer Owner Trust Administrator shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Owner Trust Administrator acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Indenture Trustee, the Servicer or any other party to the Administrator Basic Documents in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Owner Trust Administrator shall cooperate fully with the Administrator and Owner Trust Administrator, on behalf of the Issuer to deliver to the Administrator or IssuerOwner Trust Administrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Owner Trust Administrator, on behalf of the Issuer) , to permit the Owner Trust Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer Owner Trust Administrator by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner Trust Administrator’s, on behalf of the Issuer, reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 8 contracts
Samples: Owner Trust Administration Agreement (BMW Fs Securities LLC), Owner Trust Administration Agreement (BMW Fs Securities LLC), Owner Trust Administration Agreement (BMW Fs Securities LLC)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and the related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer The Depositor shall not exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or for purposes other than compliance with the Securities Act, the Exchange Act, the Xxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties hereto acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with requests made by the Issuer or the Administrator Depositor in good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transactionthe GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 2017-GS8, each of the Master Servicer, the Servicer Special Servicer, the Operating Advisor, the Trustee, the Custodian and the Certificate Administrator shall cooperate fully with the Administrator Depositor and the Issuer Certificate Administrator, as applicable, to deliver or make available to the Depositor or the Certificate Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information (in its possession or reasonably attainable) necessary in the reasonable good faith determination of the Issuer or the Administrator Depositor to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Master Servicer, any Subservicer the Special Servicer the Operating Advisor, the Trustee, the Custodian, the Asset Representations Reviewer and the ReceivablesCertificate Administrator, as applicable, and any Sub-Servicer, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer or the Administrator Depositor to be necessary in order to effect such compliance. The Issuer shall, and Each party to this Agreement shall cause the Administrator (including any have a reasonable period of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, time to comply with Regulation ABany written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor to satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with such obligation.
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (GS Mortgage Securities Trust 2018-Gs9), Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2017-C42), Pooling and Servicing Agreement (Bank 2017-Bnk9)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Section 3.09 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder thereunder. Each of the parties hereto agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish compliance with Regulation AB, (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or the provision in a private offering of disclosure comparable to that required under guidance from the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over timeand Exchange Commission, whether due to interpretive guidance provided by the Commission convention or its staff, consensus among active participants in the asset-backed securities markets, advice or otherwise in respect of counsel, or otherwise, the requirements of Regulation AB as they may be applied by the Securities and agrees Exchange Commission to the Issuer in connection with the Notes and (c) the parties shall comply with reasonable requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination behalf of the Issuer or the Administrator Indenture Trustee for delivery of additional or different information, to permit the Issuer or Administrator (acting on behalf of extent such information is available, as the Issuer) person requesting such information may determine in good faith is necessary for it to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer . Any and the Receivables, or the servicing of the Receivables, reasonably believed all expenses incurred by the Issuer or the Administrator to Indenture Trustee in compliance with this Section shall be necessary considered indemnities payable in order to effect such complianceaccordance with Section 6.07 hereof. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or of the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 8 contracts
Samples: Indenture (Honda Auto Receivables 2010-3 Owner Trust), Indenture (Honda Auto Receivables 2010-2 Owner Trust), Indenture (Honda Auto Receivables 2010-1 Owner Trust)
Intent of the Parties; Reasonableness. The SellerExcept with respect to Section 11.09, ServicerSection 11.12, Sponsor Section 11.14, Section 11.15, Section 11.16, Section 11.17 and Issuer Section 11.18, the parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer Depositor (and the Depositor any Other Depositor) with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorThe Depositor, the Administrator nor Certificate Administrator, the Issuer Trustee, any Other Depositor and any Other Trustee shall exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or and shall not exercise any such rights for purposes other than compliance with the Xxxx-Xxxxx Act, the Securities Act, the Exchange Act, the Xxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties to this Agreement acknowledge that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with reasonable requests made by the Issuer Depositor (or any Other Depositor or Other Trustee) or the Certificate Administrator in reasonable good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transactiontransaction and any Other Securitization subject to Regulation AB, the Servicer Exchange Act or the Securities Act, subject to the preceding sentence, each of the parties to this Agreement shall cooperate (and, in the case of either Master Servicer or Special Servicer, shall cause any Sub-Servicer engaged by it (or, if such Sub-Servicer is a Designated Sub-Servicer, shall use commercially reasonable efforts to cause such Sub-Servicer) to cooperate) fully with the Depositor and the Certificate Administrator and any Other Depositor or Other Trustee of any Other Securitization subject to Regulation AB, the Issuer to Exchange Act or the Securities Act that includes a Serviced Pari Passu Companion Loan, deliver (or notify and make available) to the Depositor or the Certificate Administrator or Issuer, as applicable any such Other Depositor or Other Trustee (including any of its their assignees or designees), ) (i) any and all statements, reports, certifications, records information in its possession and any other information necessary in the reasonable good faith determination of the Issuer Depositor, the Certificate Administrator or the Administrator such Other Depositor or Other Trustee, as applicable, to permit the Issuer Depositor or Administrator (acting on behalf of the Issuer) any such Other Depositor to comply in a timely manner with the provisions of Regulation AB, together with the Exchange Act and the Securities Act and (ii) such disclosures disclosure relating to the applicable Master Servicer, any Subservicer and the Receivablesapplicable Special Servicer, the Certificate Administrator, the Trustee, as applicable, or the servicing of the ReceivablesMortgage Loans (or, if applicable, the related Serviced Pari Passu Companion Loan), in each case reasonably believed by the Issuer Depositor, the Certificate Administrator or the Administrator related Other Depositor or the related Other Trustee, as applicable, in good faith to be necessary in order to effect such compliance. The Issuer shallIn addition, with respect to each Servicing Function Participant that is a Designated Sub-Servicer of a party to this Agreement, such party shall use commercially reasonable efforts to cause such Designated Sub-Servicer to deliver or make available to the Depositor or the Certificate Administrator and shall cause the Administrator any such Other Depositor or Other Trustee, as applicable, (including any of its their assignees or designees)
(i) to cooperate with the Servicer by providing timely notice of requests for any and all information under these provisions in its possession and by reasonably limiting such requests to information required, necessary in the reasonable judgment good faith determination of the Depositor or the Issuer Certificate Administrator or any such Other Depositor or Other Trustee to permit the Depositor or any such Other Depositor to comply with the provisions of Regulation AB, the Exchange Act and the Securities Act and (ii) such disclosure relating to the Servicing Function Participant or the AdministratorServicing of the Mortgage Loans (or, if applicable, the related Serviced Pari Passu Companion Loan), in each case reasonably believed by the Depositor or the Certificate Administrator or the related Other Depositor or related Other Trustee, as applicable, in good faith to be necessary in order to effect such compliance. Each party to this Agreement shall have a reasonable period of time to comply with any written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor or the Certificate Administrator or the related Other Depositor or related Other Trustee, as applicable, to comply satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with Regulation ABsuch obligation.
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C23), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C22), Pooling and Servicing Agreement (GS Mortgage Securities Trust 2014-Gc26)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Administrator acknowledge and agree that the purpose of Article Three Section 1.21 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, Issuer nor the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Administrator acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Indenture Trustee, the Servicer or any other party to the Administrator Transaction Documents in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Administrator shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer Administrator by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Administrator’s, on behalf of the Issuer, reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 7 contracts
Samples: Administration Agreement (American Honda Receivables Corp), Administration Agreement (American Honda Receivables Corp), Administration Agreement (Honda Auto Receivables 2010-1 Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Administrator acknowledge and agree that the purpose of Article Three Section 1.21 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, Issuer nor the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Administrator acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Indenture Trustee, the Servicer or any other party to the Administrator Transaction Documents in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Administrator shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer Administrator by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Administrator's, on behalf of the Issuer, reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 7 contracts
Samples: Administration Agreement (Honda Auto Receivables 2008-1 Owner Trust), Administration Agreement (Honda Auto Receivables 2007-3 Owner Trust), Administration Agreement (Honda Auto Receivables 2007-2 Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Seller acknowledge and agree that the purpose of Article Three Section 13 of this Agreement is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Issuer Purchaser, any Master Servicer or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Seller shall cooperate fully with the Administrator Purchaser and the Issuer Master Servicer to deliver to the Administrator or Issuer, as applicable Purchaser and the Master Servicer (including any of its their assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information reasonably believed to be necessary in the good faith determination of the Issuer Purchaser, the Master Servicer or the Administrator any Depositor to permit the Issuer Purchaser, the Master Servicer or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Purchaser or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Purchaser (including any of its assignees or designees) to shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Purchaser’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 6 contracts
Samples: Reconstitution Agreement (HarborView 2007-7), Reconstitution Agreement (Dsla 2006-Ar2), Reconstitution Agreement (HarborView 2006-13)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Section 3.09 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with federal securities laws, including the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder thereunder. Each of the parties hereto agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish compliance with Regulation AB, (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or the provision in a private offering of disclosure comparable to that required under guidance from the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over timeand Exchange Commission, whether due to interpretive guidance provided by the Commission convention or its staff, consensus among active participants in the asset-backed securities markets, advice or otherwise in respect of counsel, or otherwise, the requirements of Regulation AB as they may be applied by the Securities and agrees Exchange Commission to the Issuer in connection with the Notes and (c) the parties shall comply with reasonable requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination behalf of the Issuer or the Administrator Indenture Trustee for delivery of additional or different information, to permit the Issuer or Administrator (acting on behalf of extent such information is available, as the Issuer) person requesting such information may determine in good faith is necessary for it to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer . Any and the Receivables, or the servicing of the Receivables, reasonably believed all expenses incurred by the Issuer or the Administrator to Indenture Trustee in compliance with this Section shall be necessary considered indemnities payable in order to effect such complianceaccordance with Section 6.07 hereof. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or of the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 6 contracts
Samples: Indenture (Honda Auto Receivables 2011-3 Owner Trust), Indenture (Honda Auto Receivables 2011-2 Owner Trust), Indenture (Honda Auto Receivables 2011-1 Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer acknowledge and agree that the purpose of Article Three of this Agreement Section 3 is to facilitate compliance by TMHL, the Issuer Master Servicer and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorNeither TMHL, the Administrator Master Servicer nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Subservicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by TMHL, the Issuer Master Servicer or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. Therefore, the Subservicer agrees that (a) the obligations of the Subservicer hereunder shall be interpreted in such a manner as to accomplish that purpose, (b) the Subservicer’s obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or guidance, convention or consensus among active participants in the asset-backed markets, advice of counsel, or otherwise in respect of the requirements of Regulation AB, (c) the Subservicer shall comply with requests made by TMHL, the Master Servicer or any Depositor for delivery of additional or different information as TMHL, the Master Servicer or the Depositor may determine in good faith is necessary to comply with Regulation AB, and (d) no amendment of the Agreement shall be required to effect such changes in the Subservicer’s obligations as are necessary to accommodate evolving interpretations of the provisions of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Subservicer shall cooperate fully with the Administrator and the Issuer TMHL to deliver to the Administrator or Issuer, as applicable TMHL (including any of its assignees or designees), the Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of TMHL, the Issuer Master Servicer or the Administrator any Depositor to permit TMHL, the Issuer Master Servicer or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, Securitized Loans reasonably believed by TMHL, the Issuer Master Servicer or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 6 contracts
Samples: Servicing Agreement (Thornburg Mortgage Securities Trust 2006-4), Sub Servicing Acknowledgement Agreement (Thornburg Mortgage Securities Trust 2007-5), Servicing Agreement (Thornburg Mortgage Securities Trust 2007-4)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Seller acknowledge and agree that the purpose of Article Three Subsections 12.02 through 12.06 of this Agreement or Sections 11.24, 11.32 or 11.33 of the Servicing Addendum to this Agreement is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Purchaser, any Master Servicer or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Seller shall cooperate fully with the Administrator Purchaser and the Issuer any Master Servicer to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Purchaser, the Master Servicer or the Administrator any Depositor to permit the Issuer Purchaser, such Master Servicer or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Purchaser or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 6 contracts
Samples: Assignment, Assumption and Recognition Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1), Assignment, Assumption and Recognition Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A1), Assignment, Assumption and Recognition Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Trust and Issuer the Master Collateral Agent acknowledge and agree that the purpose of Article Three Section 7.11 of this Agreement is to facilitate compliance by the Issuer Trust and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Trust nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Trust) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Master Collateral Agent acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Issuer Trust (or the Administrator Administrator, acting on behalf of the Trust) in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer Master Collateral Agent shall cooperate fully with the Administrator and Trust (or the Issuer Administrator, acting on behalf of the Trust) to deliver to the Administrator Trust (or Issuerthe Administrator, as applicable (including any acting on behalf of its assignees or designeesthe Trust), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Trust (or the Administrator to permit the Issuer or Administrator (Administrator, acting on behalf of the IssuerTrust) to permit the Trust to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, Master Collateral Agent reasonably believed by the Issuer Trust (or the Administrator Administrator, acting in good faith on behalf of the Trust) to be necessary in order to effect such compliance. The Issuer shallTrust (or the Administrator, and acting on behalf of the Trust) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Master Collateral Agent by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, Trust to comply with Regulation AB.
Appears in 5 contracts
Samples: Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three 2 of this Agreement is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Because Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the SponsorSecurities Act and there are market uncertainties with respect to the disclosure that investors in privately offered securities may request, the Administrator parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. Neither the Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, markets or advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator negotiate in good faith with the Purchaser or any Depositor with regard to reasonable requests for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator and the Issuer Purchaser to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be Mortgage Loans necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Purchaser (including any of its assignees or designees) to shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Purchaser's reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 5 contracts
Samples: Flow Seller's Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-2), Flow Seller's Warranties and Servicing Agreement (Lehman Xs Trust Series 2006-2n), Flow Seller's Warranties and Servicing Agreement (Lehman XS Trust Series 2006-10n)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Section 3.09 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder thereunder. Each of the parties hereto agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish compliance with Regulation AB, (b) the parties' obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or the provision in a private offering of disclosure comparable to that required under guidance from the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over timeand Exchange Commission, whether due to interpretive guidance provided by the Commission convention or its staff, consensus among active participants in the asset-backed securities markets, advice or otherwise in respect of counsel, or otherwise, the requirements of Regulation AB as they may be applied by the Securities and agrees Exchange Commission to the Issuer in connection with the Notes and (c) the parties shall comply with reasonable requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination behalf of the Issuer or the Administrator Indenture Trustee for delivery of additional or different information, to permit the Issuer or Administrator (acting on behalf of extent such information is available, as the Issuer) person requesting such information may determine in good faith is necessary for it to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer . Any and the Receivables, or the servicing of the Receivables, reasonably believed all expenses incurred by the Issuer or the Administrator to Indenture Trustee in compliance with this Section shall be necessary considered indemnities payable in order to effect such complianceaccordance with Section 6.07 hereof. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or of the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 5 contracts
Samples: Indenture (American Honda Receivables Corp), Indenture (Honda Auto Receivables 2007-1 Owner Trust), Indenture (Honda Auto Receivables 2007-2 Owner Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Owner and Issuer the Servicer acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer Owner and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Securities and Exchange Commission (the “Commission”). None Although Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the SponsorSecurities Act of 1933, as amended (the “Securities Act”), the Administrator Servicer acknowledges that investors in privately offered securities may require that the Servicer or any Depositor provide comparable disclosure in unregistered offerings. References in this Agreement to compliance with Regulation AB include provision of comparable disclosure in private offerings. Neither the Owner nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Securities Exchange Act and of 1934, as amended (the “Exchange Act”) and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)) and the Xxxxxxxx-Xxxxx Act. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Issuer Owner, any Master Servicer or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer shall reasonably cooperate fully with the Administrator Owner and the Issuer any Master Servicer to deliver to the Administrator or Issuer, as applicable Owner (including any of its assignees or designees), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Owner, the Master Servicer or the Administrator any Depositor to permit the Issuer Owner, such Master Servicer or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Owner or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Owner (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely written notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB. The Owner and the Servicer also acknowledge and agree Section 11.02(a)(i)-(v), Section 11.03(d) and (e), Section 11.04, Section 11.05 and Section 11.06 of this Reg AB Addendum shall only be applicable with respect to any Mortgage Loan if the Servicer (or Subservicer, if any) services such Mortgage Loan for a period following the closing date of a related Securitization Transaction. The Owner and the Servicer also acknowledge and agree that this Article XI is intended to supplement the terms of the Agreement and, to the extent inconsistent, the rights and obligations under the Agreement shall continue to apply with respect to any Reconstitution (as defined herein) that is not covered by the definition of “Securitization Transfer” herein. Any notice or request that must be “in writing” or “written” may be made by electronic mail.
Appears in 5 contracts
Samples: Servicing Agreement (Altisource Residential Corp), Servicing Agreement (Altisource Residential Corp), Servicing Agreement (Altisource Residential Corp)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Owner and Issuer the Servicer acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer Owner and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Because Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the SponsorSecurities Act and there are market uncertainties with respect to the disclosure that investors in privately offered securities may request, the Administrator parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. Neither the Owner nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Owner or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer shall cooperate fully with the Administrator and the Issuer Owner to deliver to the Administrator or Issuer, as applicable Owner (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Owner or the Administrator any Depositor to permit the Issuer Owner or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer Subservicer, and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Owner or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Owner (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 5 contracts
Samples: Reconstituted Servicing Agreement (HarborView 2007-3), Servicing Agreement (HarborView 2007-4), Reconstituted Servicing Agreement (HarborView 2007-7)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three 2 of this Agreement is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, staff or reasonable advice of counsel, or otherwisecounsel acceptable to both the Purchaser and the Company, and agrees to comply with requests made by the Issuer or the Administrator negotiate in good faith with the Purchaser or any Depositor with regard to any reasonable requests for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator and the Issuer Purchaser to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, and any parties or items identified in writing by the Purchaser, including, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be Mortgage Loans necessary in order to effect such compliance. The Issuer shallPurchaser agrees that it will cooperate with the Company and provide sufficient and timely notice of any information requirements pertaining to a Securitization Transaction. The Purchaser will make all reasonable efforts to contain requests for information, reports or any other materials to items required for compliance with Regulation AB, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests not request information which is not required for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation ABcompliance.
Appears in 4 contracts
Samples: Master Mortgage Loan Purchase and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-2), Servicing Agreement (CSMC Mortgage-Backed Trust Series 2006-5), Master Mortgage Loan Purchase and Servicing Agreement (CSAB Mortgage-Backed Trust 2007-1)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Owner and Issuer the Servicer acknowledge and agree that the purpose of Article Three II of this Agreement Addendum is to facilitate compliance by the Issuer Owner and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Owner nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Owner, any Master Servicer or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer shall cooperate fully with the Administrator Owner and the Issuer any Master Servicer to deliver to the Administrator or Issuer, as applicable Owner (including any of its assignees or designees), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Owner, any Master Servicer or the Administrator any Depositor to permit the Issuer Owner, such Master Servicer or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Servicer or any Subservicer and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Owner or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Owner (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB. The Owner and the Servicer agree that the provisions set forth in Article II shall only apply to Securitization Transactions that close on or after January 1, 2006. However, delivery by the Servicer of an Attestation under Section 2.05 of this Reg AB Addendum shall be deemed to comply with the requirement under Section 6.05 of the Existing Agreement to deliver an Annual Independent Public Accountants’ Servicing Report. In the event that (i) the Servicer does not reasonably believe that certain information requested under this Article II is required to be disclosed pursuant to Regulation AB, and (ii) the Servicer has not provided such information for any of its own securitizations, the Owner shall pay all reasonable documented costs incurred by the Servicer in connection with the preparation and delivery of such information and the Servicer shall promptly deliver such information after expiration of a reasonable period of time for establishing the necessary systems and procedures to produce such information.
Appears in 4 contracts
Samples: Loan Servicing Agreement (Sequoia Mortgage Trust 2007-1), Loan Servicing Agreement (Sequoia Mortgage Trust 2007-3), Loan Servicing Agreement (Sequoia Mortgage Trust 2007-4)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer acknowledge and agree that the purpose of Article Three Sections 4.11 and 7.05 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 4 contracts
Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2011-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2011-A)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three of this Agreement Section 2 is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Because Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the SponsorSecurities Act and there are market uncertainties with respect to the disclosure that investors in privately offered securities may request, the Administrator parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. Neither the Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, markets or advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator negotiate in good faith with the Purchaser or any Depositor with regard to reasonable requests for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator and the Issuer Purchaser to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator necessary, to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be Mortgage Loans necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Purchaser (including any of its assignees or designees) to shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Purchaser’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 4 contracts
Samples: Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Sasco 2006-Bc3), Servicing Agreement (Sail 2006-3), Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Sasco 2006-Bc4)
Intent of the Parties; Reasonableness. The SellerExcept with respect to Section 11.09, ServicerSection 11.12, Sponsor Section 11.14, Section 11.15, Section 11.16, Section 11.17 and Issuer Section 11.18, the parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer Depositor (and the Depositor any Other Depositor) with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorThe Depositor, the Administrator nor Certificate Administrator, the Issuer Trustee, any Other Depositor and any Other Trustee shall exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or and shall not exercise any such rights for purposes other than compliance with the Dxxx-Xxxxx Act, the Securities Act, the Exchange Act, the Sxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties to this Agreement acknowledge that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with reasonable requests made by the Issuer Depositor (or any Other Depositor or Other Trustee) or the Certificate Administrator in reasonable good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transactiontransaction and any Other Securitization subject to Regulation AB, the Servicer Exchange Act or the Securities Act, subject to the preceding sentence, each of the parties to this Agreement shall cooperate (and, in the case of either Master Servicer or Special Servicer, shall cause any Sub-Servicer engaged by it (or, if such Sub-Servicer is a Designated Sub-Servicer, shall use commercially reasonable efforts to cause such Sub-Servicer) to cooperate) fully with the Depositor and the Certificate Administrator and any Other Depositor or Other Trustee of any Other Securitization subject to Regulation AB, the Issuer to Exchange Act or the Securities Act that includes a Serviced Pari Passu Companion Loan, deliver (or notify and make available) to the Depositor or the Certificate Administrator or Issuer, as applicable any such Other Depositor or Other Trustee (including any of its their assignees or designees), ) (i) any and all statements, reports, certifications, records information in its possession and any other information necessary in the reasonable good faith determination of the Issuer Depositor, the Certificate Administrator or the Administrator such Other Depositor or Other Trustee, as applicable, to permit the Issuer Depositor or Administrator (acting on behalf of the Issuer) any such Other Depositor to comply in a timely manner with the provisions of Regulation AB, together with the Exchange Act and the Securities Act and (ii) such disclosures disclosure relating to the applicable Master Servicer, any Subservicer and the Receivablesapplicable Special Servicer, the Certificate Administrator, the Trustee, as applicable, or the servicing of the ReceivablesMortgage Loans (or, if applicable, the related Serviced Pari Passu Companion Loan), in each case reasonably believed by the Issuer Depositor, the Certificate Administrator or the Administrator related Other Depositor or the related Other Trustee, as applicable, in good faith to be necessary in order to effect such compliance. The Issuer shallIn addition, with respect to each Servicing Function Participant that is a Designated Sub-Servicer of a party to this Agreement,
(i) any and shall cause the Administrator (including any of all information in its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions possession and by reasonably limiting such requests to information required, necessary in the reasonable judgment good faith determination of the Depositor or the Issuer Certificate Administrator or any such Other Depositor or Other Trustee to permit the Depositor or any such Other Depositor to comply with the provisions of Regulation AB, the Exchange Act and the Securities Act and (ii) such disclosure relating to the Servicing Function Participant or the AdministratorServicing of the Mortgage Loans (or, if applicable, the related Serviced Pari Passu Companion Loan), in each case reasonably believed by the Depositor or the Certificate Administrator or the related Other Depositor or related Other Trustee, as applicable, in good faith to be necessary in order to effect such compliance. Each party to this Agreement shall have a reasonable period of time to comply with any written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor or the Certificate Administrator or the related Other Depositor or related Other Trustee, as applicable, to comply satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with Regulation ABsuch obligation.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-C27), Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-C26), Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2014-Lc18)
Intent of the Parties; Reasonableness. The SellerIssuer, ServicerAdministrator, Sponsor on behalf of the Issuer, and Issuer the Servicer acknowledge and agree that the purpose of Article Three VII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorIssuer, Administrator, on behalf of the Administrator Issuer, nor the Issuer Servicer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Administrator, on behalf of the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Servicer and/or any Subservicer and the Receivables, or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shallAdministrator, and shall cause on behalf of the Administrator Issuer, (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 4 contracts
Samples: Servicing Agreement (Navient Funding, LLC), Servicing Agreement (Navient Student Loan Trust 2015-3), Servicing Agreement (Navient Student Loan Trust 2015-2)
Intent of the Parties; Reasonableness. The SellerIssuer, Servicer, Sponsor the Trustee and Issuer the Indenture Trustee acknowledge and agree that the purpose of Article Three XII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None The Trustee and the Administrator, on behalf of the SponsorIssuer, the Administrator nor the Issuer shall not exercise its their right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or Administrator, on behalf of the Administrator Issuer, in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records records, attestation, and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, Indenture Trustee or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 4 contracts
Samples: Indenture (SLM Private Credit Student Loan Trust 2006-C), Indenture (SLM Private Credit Student Loan Trust 2006-A), Indenture (SLM Private Credit Student Loan Trust 2006-B)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Master Servicer and Issuer the Servicer acknowledge and agree that the purpose of Article Three 11 of this Agreement is to facilitate compliance by the Issuer Master Servicer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Master Servicer nor the Issuer Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Master Servicer or the Administrator Depositor in good faith for delivery of information required under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the The Servicer shall cooperate fully reasonably with the Administrator and the Issuer Master Servicer to deliver to the Administrator or IssuerSecurities Administrator, as applicable the Master Servicer (including any of its assignees or designees)) and the Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer Securities Administrator, the Master Servicer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the ReceivablesSubservicer, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and Servicer shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, not be required to comply with Regulation ABthis Article XI with respect to any fiscal year as to which the Servicer was not servicing Mortgage Loans hereunder to the extent that the Depositor determines that compliance is not required by law under the Form 15 Suspension Notification is filed.
Appears in 3 contracts
Samples: Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-F1), Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A2), Reconstituted Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A3)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Owner and Issuer the Servicer acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer Owner and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Because Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the SponsorSecurities Act and there are market uncertainties with respect to the disclosure that investors in privately offered securities may request, the Administrator parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. Neither the Owner nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Owner or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer shall cooperate fully with the Administrator and the Issuer Owner to deliver to the Administrator or Issuer, as applicable Owner (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Owner or the Administrator any Depositor to permit the Issuer Owner or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Owner or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Owner (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 3 contracts
Samples: Servicing Agreement (HarborView 2007-6), Reconstituted Servicing Agreement (HarborView 2006-14), Reconstituted Servicing Agreement (HarborView 2006-10)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Sections 3.09 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer (or the Administrator Administrator, acting on behalf of the Issuer) in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Issuer (or the Issuer Administrator, acting on behalf of the Issuer) to deliver to the Administrator Issuer (or the Administrator, acting on behalf of the Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer (or the Administrator to permit the Issuer or Administrator (Administrator, acting on behalf of the Issuer) to permit the Issuer to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerIndenture Trustee, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer (or the Administrator Administrator, acting on behalf of the Issuer) to be necessary in order to effect such compliance. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 3 contracts
Samples: Indenture (Toyota Auto Finance Receivables LLC), Indenture (Toyota Auto Finance Receivables LLC), Indenture (Toyota Auto Finance Receivables LLC)
Intent of the Parties; Reasonableness. The SellerExcept with respect to Section 11.09, ServicerSection 11.12, Sponsor Section 11.14, Section 11.15, Section 11.16, Section 11.17 and Issuer Section 11.18, the parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer Depositor (and the any Other Depositor of any Other Securitization that includes a Serviced Pari Passu Companion Loan) with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorThe Depositor, the Certificate Administrator nor and the Issuer Trustee shall exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or and shall not exercise any such rights for purposes other than compliance with the Xxxx-Xxxxx Act, the Securities Act, the Exchange Act, the Xxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties to this Agreement acknowledge that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver including guidance provided to the Administrator or Issuer, as applicable Depositor
(including any of its assignees or designees), i) any and all statements, reports, certifications, records information in its possession and any other information necessary in the reasonable good faith determination of the Issuer Depositor, the Certificate Administrator or the Administrator such Other Depositor or Other Trustee, as applicable, to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with AB and (ii) such disclosures disclosure relating to the Master Servicer, any Subservicer and the ReceivablesSpecial Servicer, the Certificate Administrator, the Trustee, as applicable, or the servicing of the ReceivablesMortgage Loans (or, if applicable, a related Serviced Pari Passu Companion Loan), in each case reasonably believed by the Issuer Depositor, the Certificate Administrator or the Administrator related Other Depositor or the related Other Trustee, as applicable, in good faith to be necessary in order to effect such compliance. The Issuer shallIn addition, with respect to each Servicing Function Participant that is a Designated Sub-Servicer of a party to this Agreement, such party shall use commercially reasonable efforts to cause such Designated Sub-Servicer to deliver or make available to the Depositor or the Certificate Administrator and shall cause the Administrator any such Other Depositor or Other Trustee, as applicable, (including any of its their assignees or designees)
(i) to cooperate with the Servicer by providing timely notice of requests for any and all information under these provisions in its possession and by reasonably limiting such requests to information required, necessary in the reasonable judgment good faith determination of the Depositor or the Issuer Certificate Administrator to permit the Depositor to comply with the provisions of Regulation AB and (ii) such disclosure relating to the Servicing Function Participant or the Servicing of the Mortgage Loans (or, if applicable, the related Serviced Pari Passu Companion Loan), in each case reasonably believed by the Depositor or the Certificate Administrator or the related Other Depositor or related Other Trustee, as applicable, in good faith to be necessary in order to effect such compliance. Each party to this Agreement shall have a reasonable period of time to comply with any written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor or the Certificate Administrator, as applicable, to comply satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with Regulation ABsuch obligation.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (SG Commercial Mortgage Securities, LLC), Pooling and Servicing Agreement (SG Commercial Mortgage Securities, LLC), Pooling and Servicing Agreement (RBS Commercial Funding Inc.)
Intent of the Parties; Reasonableness. The SellerAdministrator, Serviceron behalf of the Issuer, Sponsor and Issuer the Servicer acknowledge and agree that the purpose of Article Three VII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Administrator, on behalf of the Sponsor, the Administrator Issuer nor the Issuer Servicer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Administrator, on behalf of the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Servicer and/or any Subservicer and the Receivables, or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shallAdministrator, and shall cause on behalf of the Administrator Issuer, (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 3 contracts
Samples: Servicing Agreement (SLM Private Credit Student Loan Trust 2006-C), Servicing Agreement (SLM Private Credit Student Loan Trust 2006-B), Servicing Agreement (SLM Private Credit Student Loan Trust 2007-A)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Owner and Issuer the Servicer acknowledge and agree that the a purpose of Article Three Section 3.01(m), 4.14, Sections 5.02, 6.04, 6.09 and 10.02 of this Agreement is to facilitate compliance by the Issuer Owner and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorOwner, the Administrator nor the Issuer any Master Servicer or any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Owner or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Pass-Through Transfer, the Servicer shall cooperate fully with the Administrator and the Issuer Owner to deliver to the Administrator or Issuer, as applicable Owner (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Owner or the Administrator any Depositor to permit the Issuer Owner or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Owner or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shallNotwithstanding anything to the contrary herein, the Servicer shall be under no obligation to provide information that the Owner deems required under Regulation AB if (i) the Servicer does not reasonably believe that such information is required under Regulation AB and (ii) the Servicer is not providing such information for its own securitizations unless the Owner pays all reasonable costs incurred by the Servicer in connection with the preparation and delivery of such information and the Servicer is given reasonable time to establish the necessary systems and procedures to produce such information; provided, however, that the costs incurred by the Servicer in connection with establishing the necessary systems and procedures will be split pro rata with any other purchaser that makes a request for similar information.
14. Article IX of the Agreement is hereby amended effective as of the date hereof by deleting the first sentence of the last paragraph of Section 9.01 and replacing it with the following (new text underlined): then, and in each and every such case, so long as an Event of Default shall cause not have been remedied, the Administrator Owner, by notice in writing to the Servicer (or as otherwise stated herein, in which case, automatically and without notice) may, in addition to whatever rights the Owner may have under Section 8.01, subject to the limitation expressed therein, and at law or equity to damages, including injunctive relief and specific performance, terminate all the rights and obligations of the Servicer (and if the Servicer is servicing any of its assignees the Mortgage Loans in a Securitization Transaction, appoint a successor servicer reasonably acceptable to any Master Servicer for such Securitization Transaction) under this Agreement and in and to the Mortgage Loans and the proceeds thereof without compensating the Servicer for the same. On or designees) after the receipt by the Servicer of such written notice, all authority and power of the Servicer under this Agreement, whether with respect to the Mortgage Loans or otherwise, shall pass to and be vested in the successor appointed pursuant to Section 11.01. Upon written request from the Owner, the Servicer shall prepare, execute and deliver, any and all documents and other instruments, place in such successor's possession all Servicing Files, and do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise, at the Servicer's sole expense. The Servicer agrees to cooperate with the Owner and such successor in effecting the termination of the Servicer's responsibilities and rights hereunder, including, without limitation, the transfer to such successor for administration by it of all cash amounts which shall at the time be credited by the Servicer to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans or any REO Property.
15. Article IX of the Agreement is hereby amended effective as of the date hereof by providing timely notice adding the following at the end of requests for information under these provisions the last paragraph of Section 9.01: The Servicer shall promptly reimburse the Owner (or any designee of the Owner, such as a Master Servicer) and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administratorany Depositor, as applicable, for all reasonable expenses incurred by the Owner (or such designee) or such Depositor, as such are incurred, in connection with the termination of the Servicer as servicer and the transfer of servicing of the Mortgage Loans to comply with Regulation ABa successor servicer. The provisions of this paragraph shall not limit whatever rights the Owner or any Depositor may have under other provisions of this Agreement and/or any applicable Reconstitution Agreement or otherwise, whether in equity or at law, such as an action for damages, specific performance or injunctive relief.
16. Article X of the Agreement is hereby amended effective as of the date hereof by restating Section 10.02 in its entirety as follows:
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-1), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer acknowledge and agree that the purpose of Article Three IV and Article VII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2006-A)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Owner and Issuer the Servicer acknowledge and agree that the a purpose of Article Three Section 3.01(m), 4.14, Sections 5.02, 6.04, 6.09 and 10.02 of this Agreement is to facilitate compliance by the Issuer Owner and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorOwner, the Administrator nor the Issuer any Master Servicer or any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Owner or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Pass-Through Transfer, the Servicer shall cooperate fully with the Administrator and the Issuer Owner to deliver to the Administrator or Issuer, as applicable Owner (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Owner or the Administrator any Depositor to permit the Issuer Owner or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Owner or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shallNotwithstanding anything to the contrary herein, the Servicer shall be under no obligation to provide information that the Owner deems required under Regulation AB if (i) the Servicer does not reasonably believe that such information is required under Regulation AB and (ii) the Servicer is not providing such information for its own securitizations unless the Owner pays all reasonable costs incurred by the Servicer in connection with the preparation and delivery of such information and the Servicer is given reasonable time to establish the necessary systems and procedures to produce such information; provided, however, that the costs incurred by the Servicer in connection with establishing the necessary systems and procedures will be split pro rata with any other purchaser that makes a request for similar information.
14. Article IX of the Agreement is hereby amended effective as of the date hereof by deleting the first sentence of the last paragraph of Section 9.01 and replacing it with the following (new text underlined):
01. Upon written request from the Owner, the Servicer shall prepare, execute and deliver, any and all documents and other instruments, place in such successor's possession all Servicing Files, and shall cause do or accomplish all other acts or things necessary or appropriate to effect the Administrator (including any purposes of its assignees such notice of termination, whether to complete the transfer and endorsement or designees) assignment of the Mortgage Loans and related documents, or otherwise, at the Servicer's sole expense. The Servicer agrees to cooperate with the Owner and such successor in effecting the termination of the Servicer's responsibilities and rights hereunder, including, without limitation, the transfer to such successor for administration by it of all cash amounts which shall at the time be credited by the Servicer to the Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans or any REO Property.
15. Article IX of the Agreement is hereby amended effective as of the date hereof by providing timely notice adding the following at the end of requests for information under these provisions the last paragraph of Section 9.01: The Servicer shall promptly reimburse the Owner (or any designee of the Owner, such as a Master Servicer) and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administratorany Depositor, as applicable, for all reasonable expenses incurred by the Owner (or such designee) or such Depositor, as such are incurred, in connection with the termination of the Servicer as servicer and the transfer of servicing of the Mortgage Loans to comply with Regulation ABa successor servicer. The provisions of this paragraph shall not limit whatever rights the Owner or any Depositor may have under other provisions of this Agreement and/or any applicable Reconstitution Agreement or otherwise, whether in equity or at law, such as an action for damages, specific performance or injunctive relief.
16. Article X of the Agreement is hereby amended effective as of the date hereof by restating Section 10.02 in its entirety as follows:
Appears in 3 contracts
Samples: Servicing Agreement (SACO I Trust 2006-6), Servicing Agreement (SACO I Trust 2006-7), Servicing Agreement (SACO I Trust 2006-8)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Trust and Issuer the Administrator acknowledge and agree that the purpose of Article Three of this Agreement Section 2.11 is to facilitate compliance by the Issuer and the Depositor Trust with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, Trust nor the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Administrator acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Master Collateral Agent, any Indenture Trustee, the Servicer or any other party to the Administrator Transaction Documents in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Administrator shall cooperate fully with the Administrator and the Issuer Trust to deliver to the Administrator or Issuer, as applicable Trust (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator Trust, to permit the Issuer or Administrator (acting on behalf of the Issuer) Trust to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Trust (including any of its assignees or designees) to shall cooperate with the Servicer Administrator by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Trust’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 3 contracts
Samples: Administration Agreement (Verizon Master Trust), Administration Agreement (Verizon Master Trust), Administration Agreement (Verizon Master Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Seller acknowledge and agree that the purpose of Article Three Section 33 of this Agreement is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Purchaser or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Seller shall cooperate fully with the Administrator and the Issuer Purchaser to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the reasonable good faith determination of the Issuer Purchaser or the Administrator any Depositor to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Purchaser or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shall, With respect to those Mortgage Loans that were originated by Seller and shall cause sold to the Administrator (including Purchaser pursuant to this Agreement and subsequently securitized by the Purchaser or any of its assignees Affiliates, the Purchaser shall, to the extent consistent with then-current industry practice, cause the servicer (or designeesanother party to such securitization) under the securitization to cooperate be obligated to provide, information with respect to the Servicer by providing timely notice Mortgage Loans from and after cut-off date of requests such securitization necessary for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, Seller to comply with its obligations under Regulation AB, including, without limitation, providing to the Seller static pool information, as set forth in Item 1105(a)(2) and (5) of Regulation AB.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Pooling and Servicing Agreement (GSAMP Trust 2006-He3), Pooling and Servicing Agreement (GSAMP Trust 2006-He3)
Intent of the Parties; Reasonableness. The SellerEligible Lender Trustee, ServicerAdministrator, Sponsor on behalf of the Issuer, and Issuer the Servicer acknowledge and agree that the purpose of Article Three VII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Eligible Lender Trustee, Administrator, on behalf of the Sponsor, the Administrator Issuer nor the Issuer Servicer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Servicing Agreement Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Administrator, on behalf of the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Servicer and/or any Subservicer and the Receivables, or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shallAdministrator, and shall cause on behalf of the Administrator Issuer, (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 3 contracts
Samples: Servicing Agreement (SLM Student Loan Trust 2006-4), Servicing Agreement (SLM Student Loan Trust 2006-2), Servicing Agreement (SLM Student Loan Trust 2006-6)
Intent of the Parties; Reasonableness. The SellerExcept with respect to Section 11.09, ServicerSection 11.12, Sponsor Section 11.14, Section 11.15, Section 11.16, Section 11.17 and Issuer Section 11.18, the parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer Depositor (and the Depositor any Other Depositor) with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorThe Depositor, the Administrator nor Certificate Administrator, the Issuer Trustee, any Other Depositor and any Other Trustee shall exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or and shall not exercise any such rights for purposes other than compliance with the Dxxx-Xxxxx Act, the Securities Act, the Exchange Act, the Sxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties to this Agreement acknowledge that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, staff and agrees agree to comply with reasonable requests made by the Issuer Depositor (or any Other Depositor or Other Trustee) or the Certificate Administrator in reasonable good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transactiontransaction and any Other Securitization subject to Regulation AB, the Servicer Exchange Act or the Securities Act, subject to the preceding sentence, each of the parties to this Agreement shall cooperate (and, in the case of either Master Servicer or Special Servicer, shall cause any Sub-Servicer engaged by it (or, if such Sub-Servicer is a Designated Sub-Servicer, shall use commercially reasonable efforts to cause such Sub-Servicer) to cooperate) fully with the Depositor and the Certificate Administrator and any Other Depositor or Other Trustee of any Other Securitization subject to Regulation AB, the Issuer to Exchange Act or the Securities Act, deliver (or notify and make available) to the Depositor or the Certificate Administrator or Issuer, as applicable any such Other Depositor or Other Trustee (including any of its their assignees or designees), ) (i) any and all
(i) any and all statements, reports, certifications, records information in its possession and any other information necessary in the reasonable good faith determination of the Issuer Depositor or the Certificate Administrator or any such Other Depositor or Other Trustee to permit the Issuer Depositor or Administrator (acting on behalf of the Issuer) any such Other Depositor to comply with the provisions of Regulation AB, together with the Exchange Act and the Securities Act and (ii) such disclosures disclosure relating to the Servicer, any Subservicer and the Receivables, Servicing Function Participant or the servicing Servicing of the ReceivablesMortgage Loans (or, if applicable, the related Serviced Pari Passu Companion Loan), in each case reasonably believed by the Issuer Depositor or the Certificate Administrator or the related Other Depositor or related Other Trustee, as applicable, in good faith to be necessary in order to effect such compliance. The Issuer Each party to this Agreement shall have a reasonable period of time to comply with any written request made under this Section 11.01, but in any event, shall, and shall cause upon reasonable advance written request, provide information in sufficient time to allow the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment Depositor or the Issuer Certificate Administrator or the Administratorrelated Other Depositor or related Other Trustee, as applicable, to comply satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with Regulation ABsuch obligation.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C23), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C24), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C23)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and the related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer The Depositor shall not exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or for purposes other than compliance with the Securities Act, the Exchange Act, the Sxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties hereto acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with requests made by the Issuer or the Administrator Depositor in good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transactionthe JPMBB Commercial Mortgage Securities Trust 2014-C18, Commercial Mortgage Pass-Through Certificates, Series 2014-C18, each of the Master Servicer, the Servicer Special Servicer, the Senior Trust Advisor, the Trustee, the Custodian and the Certificate Administrator shall cooperate fully with the Administrator Depositor and the Issuer Certificate Administrator, as applicable, to deliver or make available to the Depositor or the Certificate Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information (in its possession or reasonably attainable) necessary in the reasonable good faith determination of the Issuer or the Administrator Depositor to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Master Servicer, any Subservicer the Special Servicer, the Senior Trust Advisor, the Trustee, the Custodian and the ReceivablesCertificate Administrator, as applicable, and any Sub-Servicer, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer or the Administrator Depositor to be necessary in order to effect such compliance. The Issuer shall, and Each party to this Agreement shall cause the Administrator (including any have a reasonable period of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, time to comply with Regulation ABany written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor to satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with such obligation.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C21), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C19), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C18)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three II of this Agreement Reg AB Addendum is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the CommissionCommission and that the provisions of this Reg AB Addendum shall be applicable to all Mortgage Loans included in a Securitization Transaction closing on or after January 1, 2006, regardless whether the Mortgage Loans were purchased by the Purchaser from the Company prior to the date hereof. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Issuer Purchaser or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator and the Issuer Purchaser to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Purchaser or the Administrator any Depositor to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Purchaser or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shallPurchaser and the Company also acknowledge and agree that Section 2.02(a)(i)-(v), Section 2.03(c), (e) and (f), Section 2.04, Section 2.05 and Section 2.06 of this Reg AB Addendum shall cause only be applicable with respect to any Mortgage Loan if the Administrator Company (including or Subservicer, if any) services such Mortgage Loan for a period following the closing date of a related Securitization Transaction. The Purchaser and the Company also acknowledge and agree that this Reg AB Addendum is intended to supplement the terms of the Agreement and, to the extent inconsistent, the rights and obligations under the Agreement shall continue to apply with respect to any Reconstitution (as defined in the Agreement) that is not covered by the definition of its assignees “Securitization Transfer” in this Reg AB Addendum; provided, however, that the requirement to provide an accountants’ report pursuant to Section 11.21 of the Agreement shall be deemed satisfied with respect to any Reconstitution that occurs prior to, on or designees) to cooperate with following the Servicer date hereof by providing timely an accountants’ attestation that satisfies the requirements of Section 2.05(a)(ii) of this Reg AB Addendum. For purposes of this Reg AB Addendum, the term “Purchaser” shall refer to EMC Mortgage Corporation and its successors in interest and assigns. In addition, any notice of requests for information under these provisions and or request that must be “in writing” or “written” may be made by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation ABelectronic mail.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-Ac5), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-Ac6)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer Issuing Entity acknowledge and agree that the purpose of Article Three of this Agreement is to facilitate compliance by the Issuer Issuing Entity and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator Sponsor nor the Issuer Issuing Entity shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator Issuing Entity in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer Issuing Entity to deliver to the Administrator or Issuer, as applicable Issuing Entity (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator Issuing Entity to permit the Issuer or Administrator (acting on behalf of the Issuer) Issuing Entity to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator Issuing Entity to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Issuing Entity (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, Issuing Entity to comply with Regulation AB.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Ace Securities Corp), Sale and Servicing Agreement (Ace Securities Corp)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three of this Agreement Amendment Reg AB is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator negotiate in good faith with the Purchaser or any Depositor with regard to any reasonable requests for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator and the Issuer Purchaser to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed or any other parties or items identified in writing by the Issuer or the Administrator to be Purchaser, necessary in order to effect such compliance. The Issuer shallPurchaser agrees that it will cooperate with the Company and provide sufficient and timely notice of any information requirements pertaining to a Securitization Transaction. The Purchaser will make all reasonable efforts to limit requests for information, reports or any other materials to items required for compliance with Regulation AB, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for not request information under these provisions and by which is not reasonably limiting such requests to information required, required in the reasonable judgment or determination of the Issuer or the Administrator, as applicable, to comply with Regulation ABPurchaser for such compliance.
Appears in 2 contracts
Samples: Master Mortgage Loan Purchase and Servicing Agreement, Master Mortgage Loan Purchase and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2006-Ar1)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Owner and Issuer the Servicer acknowledge and agree that the a purpose of Article Three Section 3.01(m), 4.14, Sections 5.02, 6.04, 6.09 and 10.02 of this Agreement is to facilitate compliance by the Issuer Owner and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorOwner, the Administrator nor the Issuer any Master Servicer or any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Owner or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Pass-Through Transfer, the Servicer shall cooperate fully with the Administrator and the Issuer Owner to deliver to the Administrator or Issuer, as applicable Owner (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Owner or the Administrator any Depositor to permit the Issuer Owner or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Owner or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shallNotwithstanding anything to the contrary herein, the Servicer shall be under no obligation to provide information that the Owner deems required under Regulation AB if (i) the Servicer does not reasonably believe that such information is required under Regulation AB and shall cause (ii) the Administrator (including any of Servicer is not providing such information for its assignees or designees) to cooperate own securitizations unless the Owner pays all reasonable costs incurred by the Servicer in connection with the preparation and delivery of such information and the Servicer is given reasonable time to establish the necessary systems and procedures to produce such information; provided, however, that the costs incurred by providing timely notice of requests the Servicer in connection with establishing the necessary systems and procedures will be split pro rata with any other purchaser that makes a request for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation ABsimilar information.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (SACO I Trust 2007-1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2007-Sd2)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and the related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer The Depositor shall not exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or for purposes other than compliance with the Securities Act, the Exchange Act, the Sxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties hereto acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with requests made by the Issuer or the Administrator Depositor in good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transactionthe J.X. Xxxxxx Chase Commercial Mortgage Securities Trust 2012-CIBX, Commercial Mortgage Pass-Through Certificates, Series 2012-CIBX, each of the Master Servicer, the Servicer Special Servicer, the Senior Trust Advisor, the Trustee, the Custodian and the Certificate Administrator shall cooperate fully with the Administrator Depositor and the Issuer Certificate Administrator, as applicable, to deliver or make available to the Depositor or the Certificate Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information (in its possession or reasonably attainable) necessary in the reasonable good faith determination of the Issuer or the Administrator Depositor to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Master Servicer, any Subservicer the Special Servicer, the Senior Trust Advisor, the Trustee, the Custodian and the ReceivablesCertificate Administrator, as applicable, and any Sub-Servicer, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer or the Administrator Depositor to be necessary in order to effect such compliance. The Issuer shall, and Each party to this Agreement shall cause the Administrator (including any have a reasonable period of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, time to comply with Regulation ABany written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor to satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with such obligation.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Cibx), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Cibx)
Intent of the Parties; Reasonableness. The SellerRepresentative, Servicer, the Depositor, Sponsor and Issuer acknowledge and agree that the purpose of Article Three Sections 4.10, 4.17 and 4.18 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator Servicer, the Depositor nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator Issuer or Issuerthe Depositor, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator Depositor to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Depositor (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or of the Issuer or the AdministratorDepositor, as applicable, to comply with Regulation AB.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Franklin Auto Trust 2008-A), Sale and Servicing Agreement (Franklin Auto Trust 2007-1)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and the related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer The Depositor shall not exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or for purposes other than compliance with the Securities Act, the Exchange Act, the Sxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties hereto acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with requests made by the Issuer or the Administrator Depositor in good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transactionthe J.X. Xxxxxx Chase Commercial Mortgage Securities Trust 2011-C5, Commercial Mortgage Pass-Through Certificates, Series 2011-C5, each of the Master Servicer, the Servicer Special Servicer, the Senior Trust Advisor, the Trustee, the Custodian and the Paying Agent shall cooperate fully with the Administrator Depositor and the Issuer Paying Agent, as applicable, to deliver or make available to the Administrator Depositor or Issuer, as applicable the Paying Agent (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information (in its possession or reasonably attainable) necessary in the reasonable good faith determination of the Issuer or the Administrator Depositor to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Master Servicer, any Subservicer the Special Servicer, the Senior Trust Advisor, the Trustee, the Custodian and the ReceivablesPaying Agent, as applicable, and any Sub-Servicer, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer or the Administrator Depositor to be necessary in order to effect such compliance. The Issuer shall, and Each party to this Agreement shall cause the Administrator (including any have a reasonable period of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, time to comply with Regulation ABany written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor to satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with such obligation.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Servicer and Sellers acknowledge and agree that the purpose of Article Three XIIIA of this Agreement is to facilitate compliance by the Issuer and the Depositor Purchaser with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer The Purchaser shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Sellers and the Servicer acknowledges acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Purchaser or the Administrator Master Servicer in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionthe Securitization Transaction, the Servicer Sellers shall cooperate fully with the Administrator Purchaser and the Issuer Master Servicer to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and the Master Servicer, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Purchaser or the Administrator Master Servicer to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) Master Servicer to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSellers, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer or the Administrator Purchaser to be necessary in order to effect such compliance. In the event of any conflict between Article XIIIA and any other term or provision in this Agreement, the provisions of Article XIIIA shall control. The Issuer shall, and shall cause the Administrator Purchaser (including any of its assignees or designees) to shall cooperate with the Sellers and Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Purchaser’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Servicing Agreement (PHH Alternative Mortgage Trust, Series 2007-3), Mortgage Loan Purchase and Servicing Agreement (PHH Alternative Mortgage Trust, Series 2007-2)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Section 3.09 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations Each of the requirements parties hereto agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish compliance with Regulation AB may change over timeAB, whether due (b) the parties' obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or guidance provided by from the Commission Securities and Exchange Commission, convention or its staff, consensus among active participants in the asset-backed securities markets, advice or otherwise in respect of counsel, or otherwise, the requirements of Regulation AB as they may be applied by the Securities and agrees Exchange Commission to the Issuer in connection with the Notes and (c) the parties shall comply with reasonable requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination behalf of the Issuer or the Administrator Indenture Trustee for delivery of additional or different information, to permit the Issuer or Administrator (acting on behalf of extent such information is available, as the Issuer) person requesting such information may determine in good faith is necessary for it to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 2 contracts
Samples: Indenture (Honda Auto Receivables 2006-2 Owner Trust), Indenture (American Honda Receivables 2006-1 Owner Trust)
Intent of the Parties; Reasonableness. The SellerExcept with respect to Section 11.08, ServicerSection 11.11, Sponsor Section 11.13, Section 11.14, Section 11.15, Section 11.16 and Issuer Section 11.18, the parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorDepositor, the Certificate Administrator nor or the Issuer Trustee shall exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or for purposes other than compliance with the Securities Act, the Exchange Act, the Xxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties to this Agreement acknowledge that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with reasonable requests made by the Issuer Depositor or the Certificate Administrator in reasonable good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transaction, subject to the Servicer preceding sentence, each of the parties to this Agreement shall cooperate fully with the Administrator Depositor and the Issuer to deliver to the Administrator or Issuer, as applicable Certificate
(including any of its assignees or designees), i) any and all statements, reports, certifications, records information in its possession and any other information necessary in the reasonable good faith determination of the Issuer Depositor or the Certificate Administrator to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with AB and (ii) such disclosures disclosure relating to the Master Servicer, any Subservicer the Special Servicer, the Certificate Administrator and the ReceivablesTrustee, as applicable, or the servicing Servicing of the ReceivablesMortgage Loans, in each case reasonably believed by the Issuer Depositor or the Certificate Administrator in good faith to be necessary in order to effect such compliance. The Issuer shallIn addition, and with respect to each Servicing Function Participant that is a Designated Sub-Servicer of a party to this Agreement, such party shall use commercially reasonable efforts to cause such Designated Sub-Servicer to deliver or make available to the Depositor or the Certificate Administrator (including any of its their assignees or designees)
(i) to cooperate with the Servicer by providing timely notice of requests for any and all information under these provisions in its possession and by reasonably limiting such requests to information required, necessary in the reasonable judgment good faith determination of the Depositor or the Issuer Certificate Administrator to permit the Depositor to comply with the provisions of Regulation AB and (ii) such disclosure relating to the Servicing Function Participant or the Servicing of the Mortgage Loans, in each case reasonably believed by the Depositor or the Certificate Administrator in good faith to be necessary in order to effect such compliance. Each party to this Agreement shall have a reasonable period of time to comply with any written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor or the Certificate Administrator, as applicable, to comply satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with Regulation ABsuch obligation.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2012-C6), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2012-C6)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer acknowledge and agree that the purpose of Article Three Sections 3.09 of this Agreement is to facilitate compliance by the Issuer and the Depositor Seller with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuer nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuer) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer (or the Administrator Administrator, acting on behalf of the Issuer) in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Issuer (or the Issuer Administrator, acting on behalf of the Issuer) to deliver to the Administrator Issuer (or the Administrator, acting on behalf of the Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer (or the Administrator to permit the Issuer or Administrator (Administrator, acting on behalf of the Issuer) to permit the Issuer to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Indenture Trustee or any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer (or the Administrator Administrator, acting on behalf of the Issuer) to be necessary in order to effect such compliance. The Issuer shall(or the Administrator, and acting on behalf of the Issuer) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 2 contracts
Samples: Indenture (Toyota Lease Trust), Indenture (Toyota Lease Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer parties hereto acknowledge and agree that the purpose of Article Three X of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and the related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer The Depositor shall not exercise its right rights to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Sxxxxxxx-Xxxxx Act). The Servicer acknowledges parties hereto acknowledge that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with requests made by the Issuer or the Administrator Depositor in good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation AB. In connection with the GS Mortgage Securities Trust 2012-GCJ7, Commercial Mortgage Pass-Through Certificates, Series 2012-GCJ7, each of the parties to this transaction, the Servicer Agreement shall cooperate fully with the Administrator Depositor and the Issuer Certificate Administrator, as applicable, to deliver to the Administrator or Issuer, as applicable Depositor (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information in its possession or reasonably available to it and necessary in the reasonable good faith determination of the Issuer Depositor or the Administrator Certificate Administrator, as applicable, to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Master Servicer, any Subservicer the Special Servicer, the Operating Advisor, the Certificate Administrator and the ReceivablesTrustee, as applicable, and any Sub-Servicer, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer or the Administrator Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (GS Mortgage Securities Trust 2012-Gcj7), Pooling and Servicing Agreement (GS Mortgage Securities Trust 2012-Gcj7)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Administrator acknowledge and agree that the purpose of Article Three Section 1.21 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, Issuer nor the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Administrator acknowledges that the requirements of, and that the interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, amendments to the regulation, or otherwise, and agrees to comply with requests made by the Issuer Indenture Trustee, the Servicer or any other party to the Administrator Transaction Documents in good faith for delivery of information under these provisions on the basis of evolving interpretations and rules of Regulation AB. In connection with this transactiontherewith, the Servicer Administrator shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer Administrator by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Administrator’s, on behalf of the Issuer, reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 2 contracts
Samples: Administration Agreement (Honda Auto Receivables 2010-3 Owner Trust), Administration Agreement (Honda Auto Receivables 2010-2 Owner Trust)
Intent of the Parties; Reasonableness. The SellerExcept with respect to Section 11.09, ServicerSection 11.12, Sponsor Section 11.14, Section 11.15, Section 11.16, Section 11.17 and Issuer Section 11.18, the parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer Depositor (and the Depositor any Other Depositor) with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorThe Depositor, the Administrator nor Certificate Administrator, the Issuer Trustee, any Other Depositor and any Other Trustee shall exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or and shall not exercise any such rights for purposes other than compliance with the Xxxx-Xxxxx Act, the Securities Act, the Exchange Act, the Xxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties to this Agreement acknowledge that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, staff and agrees agree to comply with reasonable requests made by the Issuer Depositor (or any Other Depositor or Other Trustee) or the Certificate Administrator in reasonable good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transactiontransaction and any Other Securitization subject to Regulation AB, the Servicer Exchange Act or the Securities Act, subject to the preceding sentence, each of the parties to this Agreement shall cooperate (and, in the case of the Master Servicer or Special Servicer, shall cause any Sub-Servicer engaged by it (or, if such Sub-Servicer is a Designated Sub-Servicer, shall use commercially reasonable efforts to cause such Sub-Servicer) to cooperate) fully with the Depositor and the Certificate Administrator and any Other Depositor or Other Trustee of any Other Securitization subject to Regulation AB, the Issuer to Exchange Act or the Securities Act, deliver (or notify and make available) to the Depositor or the Certificate Administrator or Issuer, as applicable any such Other Depositor or Other Trustee (including any of its their assignees or designees), ) (i) any and all statements, reports, certifications, records information in its possession and any other information necessary in the reasonable good faith determination of the Issuer Depositor, the Certificate Administrator or the Administrator such Other Depositor or Other Trustee, as applicable, to permit the Issuer Depositor or Administrator any such Other Depositor to comply in a timely manner with the provisions of Regulation AB, the Exchange Act and the Securities Act and (acting on behalf ii) such disclosure
(i) any and all information in its possession and necessary in the reasonable good faith determination of the Issuer) Depositor or the Certificate Administrator or any such Other Depositor or Other Trustee to permit the Depositor or any such Other Depositor to comply with the provisions of Regulation AB, together with the Exchange Act and the Securities Act and (ii) such disclosures disclosure relating to the Servicer, any Subservicer and the Receivables, Servicing Function Participant or the servicing Servicing of the ReceivablesMortgage Loans (or, if applicable, the related Serviced Pari Passu Companion Loan), in each case reasonably believed by the Issuer Depositor or the Certificate Administrator or the related Other Depositor or related Other Trustee, as applicable, in good faith to be necessary in order to effect such compliance. The Issuer Each party to this Agreement shall have a reasonable period of time to comply with any written request made under this Section 11.01, but in any event, shall, and shall cause upon reasonable advance written request, provide information in sufficient time to allow the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment Depositor or the Issuer Certificate Administrator or the Administratorrelated Other Depositor or related Other Trustee, as applicable, to comply satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with Regulation ABsuch obligation.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2014-Lc18), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C25)
Intent of the Parties; Reasonableness. The SellerExcept with respect to Section 11.09, ServicerSection 11.12, Sponsor Section 11.14, Section 11.15, Section 11.16, Section 11.17 and Issuer Section 11.18, the parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorDepositor, the Certificate Administrator nor or the Issuer Trustee shall exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or for purposes other than compliance with the Securities Act, the Exchange Act, the Xxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties to this Agreement acknowledge that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with reasonable requests made by the Issuer Depositor or the Certificate Administrator in reasonable good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transaction, subject to the Servicer preceding sentence, each of the parties to this Agreement shall cooperate fully with the Administrator Depositor and the Issuer Certificate Administrator to deliver or make available to the Depositor or the Certificate Administrator or Issuer, as applicable (including any of its their assignees or designees),
(i) any and all statements, reports, certifications, records information in its possession and any other information necessary in the reasonable good faith determination of the Issuer Depositor or the Administrator Certificate Administrator, as applicable, to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with AB and (ii) such disclosures disclosure relating to the Master Servicer, any Subservicer and the ReceivablesSpecial Servicer, the Certificate Administrator, the Trustee, as applicable, or the servicing of the ReceivablesMortgage Loans, in each case reasonably believed by the Issuer Depositor or the Administrator Certificate Administrator, as applicable, in good faith to be necessary in order to effect such compliance. The Issuer shallIn addition, with respect to each Servicing Function Participant that is a Designated Sub-Servicer of a party to this Agreement, such party shall use commercially reasonable efforts to cause such Designated Sub-Servicer to
(i) any and shall cause the Administrator (including any of all information in its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions possession and by reasonably limiting such requests to information required, necessary in the reasonable judgment good faith determination of the Depositor or the Issuer Certificate Administrator to permit the Depositor to comply with the provisions of Regulation AB and (ii) such disclosure relating to the Servicing Function Participant or the Servicing of the Mortgage Loans, in each case reasonably believed by the Depositor or the Certificate Administrator, as applicable, in good faith to be necessary in order to effect such compliance. Each party to this Agreement shall have a reasonable period of time to comply with any written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor or the Certificate Administrator, as applicable, to comply satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with Regulation ABsuch obligation.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2012-C9), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2012-C9)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and the related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer The Depositor shall not exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or for purposes other than compliance with the Securities Act, the Exchange Act, the Sxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties hereto acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with requests made by the Issuer or the Administrator Depositor in good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transactionthe J.X. Xxxxxx Chase Commercial Mortgage Securities Trust 2012-C8, Commercial Mortgage Pass-Through Certificates, Series 2012-C8, each of the Master Servicer, the Servicer Special Servicer, the Senior Trust Advisor, the Trustee, the Custodian and the Certificate Administrator shall cooperate fully with the Administrator Depositor and the Issuer Certificate Administrator, as applicable, to deliver or make available to the Depositor or the Certificate Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information (in its possession or reasonably attainable) necessary in the reasonable good faith determination of the Issuer or the Administrator Depositor to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Master Servicer, any Subservicer the Special Servicer, the Senior Trust Advisor, the Trustee, the Custodian and the ReceivablesCertificate Administrator, as applicable, and any Sub-Servicer, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer or the Administrator Depositor to be necessary in order to effect such compliance. The Issuer shall, and Each party to this Agreement shall cause the Administrator (including any have a reasonable period of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, time to comply with Regulation ABany written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor to satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with such obligation.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer parties hereto acknowledge and agree that the purpose of Article Three X of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and the related rules and regulations of the Commission; provided, however, that the reports (or substantially similar reports) required to be delivered pursuant to Section 10.09 and Section 10.11 will continue to be required regardless of any amendment to this Agreement. None of the Sponsor, the Administrator nor the Issuer The Depositor shall not exercise its right rights to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Sarbanes-Oxley Act). The Servicer acknowledges parties hereto acknowledge that interpretations of the requirements xx xxx xxxxxxements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with requests made by the Issuer or the Administrator Depositor in good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation AB. In connection with this transactionthe GS Mortgage Securities Trust 2006-GG8, Commercial Mortgage Pass-Through Certificates, Series 2006-GG8, each of the Master Servicer, the Special Servicer and the Trustee shall cooperate fully with the Administrator Depositor and the Issuer Trustee, as applicable, to deliver to the Administrator or Issuer, as applicable Depositor (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information in its possession or reasonably available to it and necessary in the reasonable good faith determination of the Issuer Depositor or the Administrator Trustee, as applicable, to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Master Servicer, any Subservicer the Special Servicer and the ReceivablesTrustee, as applicable, and any Sub-Servicer, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer or the Administrator Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (GS Mortgage Securities Trust 2006-Gg8), Pooling and Servicing Agreement (GS Mortgage Securities Trust 2006-Gg8)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Seller acknowledge and agree that the purpose of Article Three Section 32 of this Agreement is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Seller acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Issuer Purchaser, any Master Servicer or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Seller shall cooperate fully with the Administrator Purchaser and the Issuer Master Servicer to deliver to the Administrator or Issuer, as applicable Purchaser and the Master Servicer (including any of its their assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information reasonably believed to be necessary in the good faith determination of the Issuer Purchaser, the Master Servicer or the Administrator any Depositor to permit the Issuer Purchaser, the Master Servicer or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerSeller, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Purchaser or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Purchaser (including any of its assignees or designees) to shall cooperate with the Servicer Seller by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Purchaser’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 2 contracts
Samples: Reconstitution Agreement (Dsla 2006-Ar2), Reconstitution Agreement (HarborView 2006-13)
Intent of the Parties; Reasonableness. The SellerExcept with respect to Section 11.08, ServicerSection 11.11, Sponsor Section 11.13, Section 11.14, Section 11.15, Section 11.16 and Issuer Section 11.17, the parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the SponsorDepositor, the Certificate Administrator nor or the Issuer Trustee shall exercise its right rights to request delivery of information or other performance under these provisions other than in reasonable good faith, or for purposes other than compliance with the Securities Act, the Exchange Act, the Xxxxxxxx-Xxxxx Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer acknowledges parties to this Agreement acknowledge that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with reasonable requests made by the Issuer Depositor or the Certificate Administrator in reasonable good faith for delivery of information under these provisions on the basis of such evolving interpretations of Regulation ABAB (to the extent such interpretations require compliance and are not “grandfathered”). In connection with this transaction, subject to the Servicer preceding sentence, each of the parties to this Agreement shall cooperate fully with the Administrator Depositor and the Issuer Certificate Administrator to deliver or make available to the Depositor or the Certificate Administrator or Issuer, as applicable (including any of its their assignees or designees),
(i) any and all statements, reports, certifications, records information in its possession and any other information necessary in the reasonable good faith determination of the Issuer Depositor or the Certificate Administrator to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Regulation AB, together with AB and (ii) such disclosures disclosure relating to the Master Servicer, any Subservicer the Special Servicer, the Certificate Administrator and the ReceivablesTrustee, as applicable, or the servicing Servicing of the ReceivablesMortgage Loans, in each case reasonably believed by the Issuer Depositor or the Certificate Administrator in good faith to be necessary in order to effect such compliance. The Issuer shallIn addition, and with respect to each Servicing Function Participant that is a Designated Sub-Servicer of a party to this Agreement, such party shall use commercially reasonable efforts to cause such Designated Sub-Servicer to deliver or make available to the Depositor or the Certificate Administrator (including any of its their assignees or designees)
(i) to cooperate with the Servicer by providing timely notice of requests for any and all information under these provisions in its possession and by reasonably limiting such requests to information required, necessary in the reasonable judgment good faith determination of the Depositor or the Issuer Certificate Administrator to permit the Depositor to comply with the provisions of Regulation AB and (ii) such disclosure relating to the Servicing Function Participant or the Servicing of the Mortgage Loans, in each case reasonably believed by the Depositor or the Certificate Administrator in good faith to be necessary in order to effect such compliance. Each party to this Agreement shall have a reasonable period of time to comply with any written request made under this Section 11.01, but in any event, shall, upon reasonable advance written request, provide information in sufficient time to allow the Depositor or the Certificate Administrator, as applicable, to comply satisfy any related filing requirements. For purposes of this Article XI, to the extent any party has an obligation to exercise commercially reasonable efforts to cause a third party to perform, such party hereunder shall not be required to bring any legal action against such third party in connection with Regulation ABsuch obligation.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2011-C5), Pooling and Servicing Agreement (WFRBS Commercial Mortgage Trust 2011-C5)
Intent of the Parties; Reasonableness. The SellerEligible Lender Trustee, ServicerAdministrator, Sponsor on behalf of the Issuer, Depositor and Issuer the Master Servicer acknowledge and agree that the purpose of Article Three XII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Eligible Lender Trustee, Administrator, on behalf of the SponsorIssuer, the Administrator Depositor nor the Issuer Master Servicer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Master Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Administrator, on behalf of the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Master Servicer shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Master Servicer and/or any Subservicer and the Receivables, or the servicing of the ReceivablesFinanced Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shallAdministrator, and shall cause on behalf of the Administrator Issuer, (including any of its assignees or designees) to shall cooperate with the Master Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 2 contracts
Samples: Sale and Servicing Agreement, Sale and Servicing Agreement (KeyCorp Student Loan Trust 2006-A)
Intent of the Parties; Reasonableness. The SellerIssuer, Servicer, Sponsor the Eligible Lender Trustee and Issuer the Indenture Trustee acknowledge and agree that the purpose of Article Three XII of this Agreement Indenture is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None The Eligible Lender Trustee and the Administrator, on behalf of the SponsorIssuer, the Administrator nor the Issuer shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or Administrator, on behalf of the Administrator Issuer, in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records records, attestation, and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the ReceivablesIndenture Trustee, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 1 contract
Intent of the Parties; Reasonableness. The SellerExcept with respect to Section 11.08, ServicerSection 11.11, Sponsor Section 11.13, Section 11.14, Section 11.15, Section 11.16 and Issuer Section 11.17 the parties hereto acknowledge and agree that the purpose of Article Three XI of this Agreement is to facilitate compliance by the Issuer Depositor (and the Depositor any other depositor of any securitization involving any Serviced Companion Loan(s)) with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Depositor nor the Issuer Trustee shall exercise its right their rights to request delivery of information or other performance under these provisions other than reasonably and in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act, the Sarbanes-Oxley Act and and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thx Xxxxxxxxxx xhereunder. The Servicer acknowledges parties hereto acknowledge that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, or consensus among participants in the asset-asset backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with reasonable requests made by the Issuer Depositor or the Administrator Trustee (and, subject to Section 11.02, any other depositor or trustee of any securitization involving any Serviced Companion Loan(s)) in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionthe Subject Securitization Transaction and any Other Securitization subject to Regulation AB involving any Serviced Companion Loan(s), subject to the preceding sentence, the Servicer, the Special Servicer and the Trustee shall cooperate fully with the Administrator Depositor, the Trustee and the Issuer any other depositor or trustee of any Other Securitization involving any Serviced Companion Loan(s), as applicable, to deliver or make available to the Administrator Depositor or Issuerthe Trustee or any other depositor or trustee of any Other Securitization involving any Serviced Companion Loan(s), as applicable (including any of its their assignees or designees), any and all statements, reports, certifications, records information in its possession and any other information necessary in the reasonable good faith determination of the Issuer Depositor or the Administrator Trustee (or any other depositor or trustee of any Other Securitization involving any Serviced Companion Loan), as applicable, to permit the Issuer Depositor (or Administrator (acting on behalf any other depositor of the Issueran Other Securitization) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer the Special Servicer and the ReceivablesTrustee, as applicable, and any Servicing Function Participant, or the servicing Servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Depositor or the Administrator Trustee or any other depositor or trustee of any securitization involving any Serviced Companion Loan(s), as applicable, in good faith to be necessary in order to effect such compliance. The Issuer Each party to this Agreement shall have a reasonable period of time to comply with any written request made under this Section 11.01, but in any event, shall, and shall cause upon reasonable advance written request, provide information in sufficient time to allow the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment Depositor or the Issuer or the AdministratorTrustee, as applicable, to comply with Regulation ABsatisfy any related filing requirements.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (GE Commercial Mortgage Corporation, Series 2007-C1 Trust)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three II of this Agreement Addendum is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and and, in each case, the rules rules, and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, ; consensus among participants in the asset-backed securities markets, : advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Purchaser, or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of established and evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator Purchaser and the Issuer to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Purchaser, any Master Servicer, or the Administrator any Depositor to permit the Issuer Purchaser, or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Third-Party Originator and the Receivables, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Purchaser, any Master Servicer or the Administrator any Depositor to be necessary in order to effect such compliance. In the event of any conflict between Section 12A and any other term or provision in this Agreement, the provisions of Section 12A shall control. The Issuer shall, and shall cause the Administrator Purchaser (including any of its assignees or designees) to shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Purchaser's reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 1 contract
Samples: Assignment, Assumption and Recognition Agreement (Hsi Asset Securitization Corp)
Intent of the Parties; Reasonableness. The SellerAssignee, Servicer, Sponsor the Seller and Issuer the Servicer acknowledge and agree that the purpose of Article Three Section 35 of this Agreement is to facilitate compliance by the Issuer Assignee and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Assignee nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Seller and the Servicer acknowledges acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, staff or otherwise or reasonable advice of counsel, or otherwise, counsel acceptable to the Assignee and agrees the Seller and the Servicer agree to comply with requests made by the Issuer or the Administrator negotiate in good faith with the Assignee or any Depositor with regard to any reasonable requests for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Seller and the Servicer shall cooperate fully with the Administrator and the Issuer Assignee to deliver to the Administrator or Issuer, as applicable Assignee (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer Assignee or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Seller, the Servicer, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesSpecified Mortgage Loans, or the servicing of the ReceivablesSpecified Mortgage Loans, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shallAssignee agrees that it will cooperate with the Seller and Servicer and provide sufficient and timely notice of any information requirements pertaining to a Securitization Transaction. The Assignee will make all reasonable efforts to limit requests for information, reports or any other materials to items required for compliance with Regulation AB, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests not request information which is not required for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation ABcompliance.
Appears in 1 contract
Samples: Mortgage Loan Purchase and Servicing Agreement (Sequoia Residential Funding Inc)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Depositor and Issuer the Owner Trustee acknowledge and agree that the purpose of Article Three XII of this Agreement is to facilitate compliance by the Issuer Depositor and the Depositor Owner Trustee with the provisions of Regulation AB and related rules and regulations of the Commission. None of .
(a) Neither the Sponsor, the Administrator Depositor nor the Issuer Owner Trustee shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Owner Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Issuer or the Administrator Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Owner Trustee shall cooperate fully with the Administrator and the Issuer Depositor to deliver to the Administrator or Issuer, as applicable Depositor (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information reasonably necessary in the good faith determination of the Issuer or the Administrator Depositor, to permit the Issuer or Administrator (acting on behalf of the Issuer) Depositor to comply with the provisions of Item 1109(a), 1109(b), 1117 and 1119 of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, Owner Trustee reasonably believed by the Issuer or the Administrator Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator .
(including any of its assignees or designeesb) to cooperate with the Servicer If so requested by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, acting on behalf of the Issuer, for the purpose of satisfying its reporting obligation under the Exchange Act with respect to any class of Notes, the Owner Trustee shall (i) notify the Issuer and the Administrator in writing of any material litigation or governmental proceedings pending against the Owner Trustee and (ii) provide to the Issuer a description of such proceedings, and (iii) notify the Issuer and the Administrator in writing if the Owner Trustee shall become an affiliate of any of the Subservicer, the Master Servicer, the Eligible Lender Trustee or the Indenture Trustee.
(c) As a condition to the succession to the Owner Trustee by any Person (i) into which the Owner Trustee may be merged or consolidated, or (ii) which may be appointed as applicablea successor to the Owner Trustee, the Owner Trustee shall provide to the Issuer and the Administrator, at least 10 Business Days prior to the effective date of such succession or appointment, (x) written notice to the Issuer of such succession or appointment and (y) in writing and in form and substance reasonably satisfactory to the Administrator, acting on behalf of the Issuer, all information reasonably requested by the Administrator, acting on behalf of the Issuer, in order to comply with Regulation ABits reporting obligation under Item 6.02 of Form 8-K with respect to any class of Notes.
Appears in 1 contract
Samples: Trust Agreement (KeyCorp Student Loan Trust 2006-A)
Intent of the Parties; Reasonableness. The Seller, Servicer, the Depositor, Sponsor and Issuer acknowledge and agree that the purpose of Article Three Sections 4.10, 4.17 and 4.18 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator Servicer, the Depositor nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator Issuer or Issuerthe Depositor, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator Depositor to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Depositor (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or of the Issuer or the AdministratorDepositor, as applicable, to comply with Regulation AB.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Franklin Auto Trust 2006-1)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Indenture Trustee and Issuer Issuing Entity acknowledge and agree that the purpose of Article Three of Section 3.09 and this Agreement Section 11.20 is to facilitate compliance by the Issuer Issuing Entity and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Issuing Entity nor the Administrative Agent (acting on behalf of the Sponsor, the Administrator nor the Issuer Issuing Entity) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder thereunder. Each of the parties hereto agrees that (a) the obligations of the parties hereunder shall be interpreted in such a manner as to accomplish compliance with Regulation AB, (b) the parties’ obligations hereunder will be supplemented and modified as necessary to be consistent with any such amendments, interpretive advice or the provision in a private offering of disclosure comparable to that required under guidance from the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over timeand Exchange Commission, whether due to interpretive guidance provided by the Commission convention or its staff, consensus among active participants in the asset-backed securities markets, advice or otherwise in respect of counsel, or otherwise, the requirements of Regulation AB as they may be applied by the Securities and agrees Exchange Commission to the Issuing Entity in connection with the Notes and (c) the parties shall comply with reasonable requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting on behalf of the Issuer) Issuing Entity or the Indenture Trustee for delivery of additional or different information, to the extent such information is available, as the person requesting such information may determine in good faith is necessary for it to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, . The Issuing Entity (or the servicing Administrative Agent, acting on behalf of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and Issuing Entity) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Indenture Trustee by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or of the Issuer or the Administrator, as applicable, Issuing Entity to comply with Regulation AB.. 78 (NALT 20[●]-[●] Indenture)
Appears in 1 contract
Samples: Indenture (Nissan-Infiniti Lt)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three V.A.01 of this Agreement is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the Xxxxxxxx-Xxxxx Act and, in each case, the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Purchaser, any Master Servicer or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator Purchaser and the Issuer any Master Servicer to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees), any Master Servicer and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Purchaser, the Master Servicer or the Administrator any Depositor to permit the Issuer Purchaser, such Master Servicer or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Purchaser or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shallobligations identified in this Article V.A. shall apply to the Company notwithstanding (i) the failure of the Company to qualify as a “servicer” under Item 1101 of Regulation AB, (ii) the inapplicability of Item 1108 to the Company, and shall cause (iii) the Administrator (including any failure of its assignees or designees) the Company to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, qualify as a party participating in the reasonable judgment or the Issuer or the Administrator, servicing function as applicable, to comply with set forth in Item 1122 of Regulation AB.
Appears in 1 contract
Samples: Assignment, Assumption and Recognition Agreement (MASTR Alternative Loan Trust 2006-1)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Depositor and Issuer the Owner Trustee acknowledge and agree that the purpose of Article Three XII of this Agreement is to facilitate compliance by the Issuer Depositor and the Depositor Issuer with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges parties hereto acknowledge that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees agree to comply with requests made by the Issuer Depositor, the Servicer, the Eligible Lender Trustee or the Administrator Administrator, on behalf of the Issuer, in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionthe Issuer, the Servicer parties hereto shall cooperate fully with the Administrator Depositor, the Servicer, the Eligible Lender Trustee and the Issuer Administrator, on behalf of the Issuer, to deliver to the Administrator or Servicer, the Depositor and/or the Administrator, on behalf of the Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information available to such party and reasonably necessary in the good faith determination of the Issuer Depositor or the Administrator to permit Servicer or the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Depositor or the Servicer or the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or Servicer, the Administrator Depositor and/or the Administrator, on behalf of the Issuer, to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 1 contract
Samples: Trust Agreement (Wells Fargo Student Loans Receivables I LLC)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Owner and Issuer the Company acknowledge and agree that the purpose of Article Three 2 of this Agreement is to facilitate compliance by the Issuer Owner and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Because Regulation AB is applicable by its terms only to offerings of asset-backed securities that are registered under the SponsorSecurities Act and there are market uncertainties with respect to the disclosure that investors in privately offered securities may request, the Administrator parties agree over time to negotiate in good faith with respect to the provision of comparable disclosure in private offerings. Neither the Owner nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Owner or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactionany Securitization Transaction, the Servicer Company shall cooperate fully with the Administrator and the Issuer Owner to deliver to the Administrator or Issuer, as applicable Owner (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Owner or the Administrator any Depositor to permit the Issuer Owner or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Subservicer, any Third-Party Originator and the ReceivablesMortgage Loans, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Owner or the Administrator any Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Owner (including any of its assignees or designees) to shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 1 contract
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Indenture Trustee acknowledge and agree that the purpose of Article Three XII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None The Issuer and the Administrator, on behalf of the SponsorIssuer, the Administrator nor the Issuer shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or Administrator, on behalf of the Administrator Issuer, in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records records, attestation, and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, Indenture Trustee or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 1 contract
Samples: Indenture (Navient Funding, LLC)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Issuer and Issuer the Owner Trust Administrator acknowledge and agree that the purpose of Article Three Section 22 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Issuer nor the Issuer Owner Trust Administrator shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Owner Trust Administrator acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Indenture Trustee, the Servicer or any other party to the Administrator Transaction Documents in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Owner Trust Administrator shall cooperate fully with the Administrator and Owner Trust Administrator, on behalf of the Issuer to deliver to the Administrator or IssuerOwner Trust Administrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Owner Trust Administrator, on behalf of the Issuer) , to permit the Owner Trust Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer Owner Trust Administrator by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Owner Trust Administrator's, on behalf of the Issuer, reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.. SIGNATURE PAGE TO OWNER TRUST ADMINISTRATION AGREEMENT
Appears in 1 contract
Samples: Owner Trust Administration Agreement (BMW Vehicle Owner Trust 2006-A)
Intent of the Parties; Reasonableness. The SellerIssuer, Servicerthe Eligible Lender Trustee, Sponsor the Indenture Trustee and Issuer the Administrator acknowledge and agree that the purpose of this Article Three of this Agreement XII is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None The Eligible Lender Trustee and the Administrator, on behalf of the SponsorIssuer, the Administrator nor the Issuer shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive interpretative guidance provided by the Commission or its staff, staff consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or Administrator, on behalf of the Administrator Issuer, in good faith faith, for the delivery of information under these provisions on the basis of evolving involving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Indenture Trustee shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records records, attestation, and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, Indenture Trustee or the servicing of the ReceivablesTrust Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 1 contract
Intent of the Parties; Reasonableness. The Seller, Subservicer and the Servicer, Sponsor and Issuer on behalf of the Issuer, acknowledge and agree that the purpose of Article Three VIII of this 31 Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Servicer nor the Issuer Sub-Administrator shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Subservicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Depositor, the Servicer or the Administrator Sub-Administrator, on behalf of the Issuer, in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Subservicer shall cooperate fully with the Administrator Depositor, the Servicer and the Issuer Sub-Administrator, on behalf of the Issuer, to deliver to the Administrator or IssuerSub-Administrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Servicer or the Administrator to permit the Issuer or Administrator (acting Sub-Administrator, on behalf of the Issuer) , to permit the Sub-Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, Subservicer and/or any other subservicer appointed by the Subservicer and the Receivables, or the servicing of the ReceivablesSubserviced Student Loans, reasonably believed by the Issuer Servicer or the Administrator Sub-Administrator, on behalf of the Issuer, to be necessary in order to effect such compliance. The Issuer shallPursuant to the terms of the Depositor Agreement, the Subservicer shall and pursuant to Section 7.1 of the Servicing Agreement shall cause the Administrator Sub-Administrator, on behalf of the Issuer (including any of its assignees or designees) to cooperate with the Servicer Subservicer (at the Subservicer's expense) by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer's reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 1 contract
Samples: Subservicing Agreement
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Trust and Issuer the Master Collateral Agent acknowledge and agree that the purpose of Article Three Section 7.11 of this Agreement is to facilitate compliance by the Issuer Trust and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Trust nor the Administrator (acting on behalf of the Sponsor, the Administrator nor the Issuer Trust) shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Master Collateral Agent acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance 49 provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with reasonable requests made by the Issuer Trust (or the Administrator Administrator, acting on behalf of the Trust) in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer Master Collateral Agent shall cooperate fully with the Administrator and Trust (or the Issuer Administrator, acting on behalf of the Trust) to deliver to the Administrator Trust (or Issuerthe Administrator, as applicable (including any acting on behalf of its assignees or designeesthe Trust), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Trust (or the Administrator to permit the Issuer or Administrator (Administrator, acting on behalf of the IssuerTrust) to permit the Trust to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, Master Collateral Agent reasonably believed by the Issuer Trust (or the Administrator Administrator, acting in good faith on behalf of the Trust) to be necessary in order to effect such compliance. The Issuer shallTrust (or the Administrator, and acting on behalf of the Trust) shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer Master Collateral Agent by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, Trust to comply with Regulation AB.
Appears in 1 contract
Samples: Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust)
Intent of the Parties; Reasonableness. The SellerEligible Lender Trustee, Servicerthe Indenture Trustee, Sponsor the Administrator, on behalf of the Issuer, and Issuer the Master Servicer acknowledge and agree that the purpose of this Article Three of this Agreement VII is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None Neither the Eligible Lender Trustee, the Indenture Trustee, the Administrator, on behalf of the SponsorIssuer, the Administrator nor the Issuer Master Servicer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Master Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or Administrator, on behalf of the Administrator Issuer, in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Master Servicer shall cooperate fully with the Administrator and Administrator, on behalf of the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Administrator, on behalf of the Issuer, to comply with the provisions of Regulation AB. The Administrator, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing on behalf of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to ), shall cooperate with the Master Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Issuer’s reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 1 contract
Samples: Master Servicing Agreement (Chase Education Loan Trust 2007-A)
Intent of the Parties; Reasonableness. The Seller, Servicer, [the Depositor,] Sponsor and Issuer acknowledge and agree that the purpose of Article Three Sections 4.11, 4.12 and 4.14 of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator Servicer, [the [___]] nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer [or the Administrator [___]] in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator Issuer [or Issuerthe [___], as applicable applicable] (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer [or the Administrator [___]] to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer [or the Administrator [___]] to be necessary in order to effect such compliance. The Issuer shall, [and shall cause the Administrator [___]] (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer [or the Administrator[___], as applicable, ,] to comply with Regulation AB.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Franklin Receivables LLC)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor and Issuer acknowledge and agree that the purpose of Article Three of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of the Sponsor, the Administrator nor the Issuer shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or the Administrator in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transaction, the Servicer shall cooperate fully with the Administrator and the Issuer to deliver to the Administrator or Issuer, as applicable (including any of its assignees or designees), any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting on behalf of the Issuer) to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, or the servicing of the Receivables, reasonably believed by the Issuer or the Administrator to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to shall cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 1 contract
Samples: Sale and Servicing Agreement (American Honda Receivables Corp)
Intent of the Parties; Reasonableness. The Seller, Servicer, Sponsor Purchaser and Issuer the Company acknowledge and agree that the purpose of Article Three of this Agreement Sections 6.4 and 6.5 is to facilitate compliance by the Issuer Purchaser and the any Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of Neither the Sponsor, the Administrator Purchaser nor the Issuer any Depositor shall exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act)thereunder. The Servicer Company acknowledges that interpretations of the requirements of Regulation AB may change over time, whether time due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer Purchaser or the Administrator any Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. Each party agrees that it shall cooperate in good faith to amend this Agreement in light of any such changes in interpretations of the requirements of Regulation AB over time due to interpretive guidance provided by the Commission or its staff. In connection with this transactionany Securitization Transaction to which Regulation AB applies, the Servicer Company shall cooperate fully with the Administrator and the Issuer Purchaser to deliver to the Administrator or Issuer, as applicable Purchaser (including any of its assignees or designees)) and any Depositor, any and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Issuer Purchaser or the Administrator such Depositor to permit the Issuer Purchaser or Administrator (acting on behalf of the Issuer) such Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the ServicerCompany, any Subservicer Third-Party Originator and the Receivables, or the servicing of the ReceivablesMortgage Loans, reasonably believed by the Issuer Purchaser or the Administrator such Depositor to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator Purchaser (including any of its assignees or designees) to shall cooperate with the Servicer Company by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the Purchaser's reasonable judgment or the Issuer or the Administrator, as applicablejudgment, to comply with Regulation AB.
Appears in 1 contract
Samples: Mortgage Loan Purchase and Sale Agreement (Luminent Mortgage Trust 2007-1)
Intent of the Parties; Reasonableness. The SellerIssuer, Servicerthe Eligible Lender Trustee, Sponsor the Indenture Trustee, the Paying Agent and Issuer the Note Registrar acknowledge and agree that the purpose of Article Three XII of this Agreement is to facilitate compliance by the Issuer and the Depositor with the provisions of Regulation AB and related rules and regulations of the Commission. None of The Eligible Lender Trustee and the SponsorIssuer, the Administrator nor the Issuer shall not exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private offering of disclosure comparable to that required under the Securities Act). The Servicer Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Issuer or Administrator, on behalf of the Administrator Issuer, in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In connection with this transactiontherewith, the Servicer Indenture Trustee shall cooperate fully with the Administrator and the Issuer Issuer, to deliver to the Administrator or IssuerAdministrator, as applicable on behalf of the Issuer (including any of its assignees or designees), any and all statements, reports, certifications, records records, attestation, and any other information necessary in the good faith determination of the Issuer or the Administrator to permit the Issuer or Administrator (acting Administrator, on behalf of the Issuer) , to permit the Issuer, to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer, any Subservicer and the Receivables, Indenture Trustee or the servicing of the ReceivablesFinanced Student Loans, reasonably believed by the Issuer or Administrator, on behalf of the Administrator Issuer, to be necessary in order to effect such compliance. The Issuer shall, and shall cause the Administrator (including any of its assignees or designees) to cooperate with the Servicer by providing timely notice of requests for information under these provisions and by reasonably limiting such requests to information required, in the reasonable judgment or the Issuer or the Administrator, as applicable, to comply with Regulation AB.
Appears in 1 contract