Common use of Reporting Service Clause in Contracts

Reporting Service. The Manager has the right to require the Servicer to utilize one or more Reporting Services selected, and separately engaged by, the Initial Member (subject to the requirements in the LLC Operating Agreement) in respect of any or all reports and other information or notices required to be delivered by the Servicer (or any Subservicer or JDC Contractor) hereunder. Such use of a Reporting Service may involve, in respect of any or all such reports and other information or notices (as determined by the Manager subject to the requirements in the LLC Operating Agreement) (A) use of a secure website, portal or other electronic means in connection with or for delivery thereof, (B) use of specified software, formatting and procedures for gathering, organizing or transmitting the same, and (C) subject to any applicable requirements in the Transaction Documents, changes to the form and content thereof and means of delivery of notice of any such changes.

Appears in 4 contracts

Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement

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