Management and Disposition of Collateral. Subject to the other terms and conditions of this Agreement (including the Servicing Standard), the Manager will have full power and authority, acting alone or through the Servicer and any Subservicer, to cause to be done any and all things in connection with the Manager’s management of any Collateral or Acquired Property, that the Manager may deem necessary or desirable, and cause to be made all asset management decisions in its reasonable discretion. The acquisition, ownership, management and disposition of any such Acquired Property is subject to the terms set forth in Section 5 of the Servicing Addendum.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement, Interest Sale and Assignment Agreement, Private Owner Interest Sale and Assignment Agreement
Management and Disposition of Collateral. Subject to the other terms and conditions of this Agreement (including the Servicing Standard), the Advance Facility Documents and the Reimbursement, Security and Guaranty Agreement, the Manager will shall have full power and authority, acting alone or through the any Servicer and any Subservicer, to cause to be done any and all things in connection with the Manager’s management of any Collateral or Acquired Property, that the Manager may deem necessary or desirable, and cause to be made all asset management decisions in its reasonable discretion. The acquisition, ownership, management and disposition of any such Acquired Property is subject to the terms set forth in Section 5 of the Servicing Addendum.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
