Servicing Ability Clause Samples
The Servicing Ability clause defines the requirements and standards that a party must meet to effectively manage and administer certain obligations or assets, such as loans or accounts, under an agreement. It typically outlines the qualifications, resources, and operational capabilities necessary for the servicing party, and may require regular reporting or performance benchmarks to ensure ongoing competence. This clause ensures that the party responsible for servicing is capable of fulfilling its duties, thereby protecting the interests of the other party and maintaining the integrity of the serviced assets.
Servicing Ability. As of the related Issuance Date, there has not been since the date of this Agreement any material adverse change in the ability of such Servicing Party to perform its obligations as Servicer under any Transaction Document.
Servicing Ability. There has not been since the date of this Agreement any adverse change in its ability to perform its obligations as Master Servicer under any Transaction Document to which it is a party.