Common use of Servicer Standard of Care Clause in Contracts

Servicer Standard of Care. In managing, administering, servicing, enforcing and making collections on the Lease Contracts and Equipment pursuant to this Agreement, the Servicer will exercise that degree of skill and care consistent with industry standards for servicing of small to medium ticket equipment leasing portfolios, and that which the Servicer customarily exercises with respect to similar lease contracts and equipment owned or originated by it, and in any event, in a prudent and commercially reasonable manner. The Servicer shall punctually perform all of its obligations and agreements under this Agreement and shall comply with all applicable federal and state laws and regulations, shall maintain all state and federal licenses and franchises necessary for it to perform its servicing responsibilities hereunder, and shall not materially impair the rights of MBIA or the Certificateholders in any Lease Contracts or payments thereunder. Section 3.03

Servicer Standard of Care. In managing, administering, servicing, enforcing and making collections on the Lease Contracts and Equipment pursuant to this Agreement, the Servicer will exercise that degree of skill and care consistent with industry standards for servicing of small micro to medium ticket equipment leasing portfolios, and that which the Servicer customarily exercises with respect to similar lease contracts and equipment owned or originated by it, and in any event, in a prudent and commercially reasonable manner. The Servicer shall punctually perform all of its obligations and agreements under this Agreement and shall comply with all applicable federal and state laws and regulations, shall maintain all state and federal licenses and franchises necessary for it to perform its servicing responsibilities hereunder, and shall not materially impair the rights of MBIA or the Certificateholders in any Lease Contracts or payments thereunder. Section 3.03the

Servicer Standard of Care. In managing, administering, servicing, enforcing and making collections on the Lease Contracts and Equipment pursuant to this the Servicing Agreement, the Servicer will exercise that degree of skill and care consistent with industry standards for servicing of small to medium ticket equipment leasing financial portfolios, and that which the Servicer customarily exercises with respect to similar lease contracts and equipment owned or originated by it, and in any event, in a prudent and commercially reasonable manner. The Servicer shall punctually perform all of its obligations and agreements under this the Servicing Agreement and shall comply with all applicable federal and state laws and regulations, shall maintain all state and federal licenses and franchises necessary for it to perform its servicing responsibilities hereunder, and shall not materially impair the rights of MBIA or the Certificateholders Noteholders in any Lease Contracts or payments thereunder. Section 3.03.