Servicing of Pledged Loans Sample Clauses

Servicing of Pledged Loans. Section 7.1 Responsibility for Loan Administration 76 Section 7.2 Standard of Care 76 Section 7.3 Records 76 ii TABLE OF CONTENTS (continued) Page Section 7.4 Loan Schedule 77 Section 7.5 Enforcement 77 Section 7.6 Trustee and Collateral Agent to Cooperate 78
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Servicing of Pledged Loans. The Borrower shall not:
Servicing of Pledged Loans. Section 7.1 Responsibility for Loan Administration Section 7.2 Standard of Care Section 7.3 Records Section 7.4 Loan Schedule
Servicing of Pledged Loans. 75 Section 7.1 Responsibility for Loan Administration 75 Section 7.2 Standard of Care 76 Section 7.3 Records 76 Section 7.4 Series 2017-A Loan Schedule 76 Section 7.5 Enforcement 76 Section 7.6 Trustee and Collateral Agent to Cooperate 77 Section 7.7 Other Matters Relating to the Servicer 77 Section 7.8 Servicing Compensation 78 Section 7.9 Costs and Expenses 78 Section 7.10 Representations and Warranties of the Servicer 78 Section 7.11 Additional Covenants of the Servicer 79 Section 7.12 Servicer not to Resign 82 Section 7.13 Merger or Consolidation of, or Assumption of the Obligations of Servicer 82 Section 7.14 Examination of Records 83 Section 7.15 Delegation of Duties; Subservicing 83 Section 7.16 Servicer Advances 83 Section 7.17 Fair Market Value of Defaulted Loans 84 ARTICLE VIII REPORTS 84 Section 8.1 Monthly Report to Trustee 84 Section 8.2 Monthly Servicing Reports 84 Section 8.3 Other Data 84 Section 8.4 Annual Servicer’s Certificate 85 Section 8.5 Notices to WCF 85 Section 8.6 Delivery of Reports to Deal Agent 85 Section 8.7 Tax Reporting 85 -ii- TABLE OF CONTENTS (CONT'D) Page ARTICLE IX INDEMNITIES 85 Section 9.1 Liabilities to Obligors 85 Section 9.2 Tax Indemnification 85 Section 9.3 Servicer’s Indemnities 86 Section 9.4 Operation of Indemnities 86 ARTICLE X AMORTIZATION EVENTS 86 Section 10.1 Amortization Events 86 ARTICLE XI EVENTS OF DEFAULT 88 Section 11.1 Events of Default 88 Section 11.2 Acceleration of Maturity; Rescission and Annulment 89 Section 11.3 Collection of Indebtedness and Suits for Enforcement by Trustee 90 Section 11.4 Trustee May File Proofs of Claim 91 Section 11.5 Remedies 91 Section 11.6 Application of Monies Collected During Event of Default 92 Section 11.7 Limitation on Suits by Individual Noteholders 93 Section 11.8 Unconditional Rights of Noteholders to Receive Principal and Interest 94 Section 11.9 Restoration of Rights and Remedies 94 Section 11.10 Waiver of Event of Default 94 Section 11.11 Waiver of Stay or Extension Laws 94
Servicing of Pledged Loans. Section 7.1 Responsibility for Loan Administration 76 Section 7.2 Standard of Care 77 Section 7.3 Records 77 Section 7.4 Loan Schedule 77 Section 7.5 Enforcement 77 Section 7.6 Trustee and Collateral Agent to Cooperate 78 Section 7.7 Other Matters Relating to the Servicer 78 TABLE OF CONTENTS (continued) Page Section 7.8 Servicing Compensation 79 Section 7.9 Costs and Expenses 79 Section 7.10 Representations and Warranties of the Servicer 79 Section 7.11 Additional Covenants of the Servicer 80 Section 7.12 Servicer not to Resign 83 Section 7.13 Merger or Consolidation of, or Assumption of the Obligations of Servicer 83 Section 7.14 Examination of Records 84 Section 7.15 Delegation of Duties 84 Section 7.16 Servicer Advances 84 Section 7.17 Delivery of Monthly Files 84 ARTICLE VIII
Servicing of Pledged Loans 

Related to Servicing of Pledged Loans

  • Servicing of Loans The servicing, administering and collection of the Loans shall be conducted by the Servicer then authorized to act as such under the Sale and Servicing Agreement.

  • Servicing of Contracts ..53 Section 5.01 Initial Servicer's Appointment and Acceptance; Responsibility for Contract Administration.............................................................................53 Section 5.02

  • Servicing of Receivables The Master Servicer shall service the Receivables as required by the terms of this Agreement and in material compliance with its standard and customary procedures for servicing all its other comparable motor vehicle receivables and in compliance with applicable law; and

  • Servicing of the Mortgage Loans Section 3.01.

  • Administration and Servicing of Receivables SECTION 4.1

  • Administration and Servicing of Loans Section 3.1 Servicer to Act as Servicer; Administration of the Loans..............................45 Section 3.2 Collection of Certain Loan Payments; Custodial Account for P&I........................48 Section 3.3 Permitted Withdrawals from the Custodial Account for P&I..............................50 Section 3.4 Taxes, Assessments and Similar Items; Escrow Accounts.................................51 Section 3.5 Maintenance of Insurance..............................................................52

  • ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS Section 3.01 The Master Servicer to act as Master Servicer.

  • Servicing of Mortgage Loans From and after the Effective Date, the Servicer does hereby agree to service the Mortgage Loans, but subject to the terms of this Agreement. The rights of the Owner to receive payments with respect to the Mortgage Loans shall be as set forth in this Agreement.

  • Master Servicing of Mortgage Loans For and on behalf of the Certificateholders, the Master Servicer shall supervise, monitor and oversee the obligation of the Servicers to service and administer their respective Mortgage Loans in accordance with the terms of the applicable Servicing Agreement and shall have full power and authority to do any and all things which it may deem necessary or desirable in connection with such master servicing and administration. In performing its obligations hereunder, the Master Servicer shall act in a manner consistent with this Agreement, subject to the prior two sentences, and with customary and usual standards of practice of prudent mortgage loan master servicers. Furthermore, the Master Servicer shall oversee and consult with each Servicer as necessary from time to time to carry out the Master Servicer’s obligations hereunder, shall receive, review and evaluate all reports, information and other data provided to the Master Servicer by each Servicer and shall cause each Servicer to perform and observe the covenants, obligations and conditions to be performed or observed by such Servicer under the applicable Servicing Agreement. The Master Servicer shall independently and separately monitor each Servicer’s servicing activities with respect to each related Mortgage Loan, reconcile the results of such monitoring with such information provided in the previous sentence on a monthly basis and coordinate corrective adjustments to the Servicers’ and Master Servicer’s records, and based on such reconciled and corrected information, prepare the statements specified in Section 4.04 and any other information and statements required hereunder. The Master Servicer shall reconcile the results of its Mortgage Loan monitoring with the actual remittances of the Servicers to the Collection Account pursuant to the applicable Servicing Agreements. In accordance with the standards of the preceding paragraph and to the extent the related Servicer does not make such advance, the Master Servicer shall advance or cause to be advanced funds as necessary for the purpose of effecting the payment of taxes and assessments on the Mortgaged Properties, which advances shall be reimbursable in the first instance from related collections from the Mortgagors pursuant to Section 3.07, and further as provided in Section 3.08. The costs incurred by the Master Servicer, if any, in effecting the timely payment of taxes and assessments on the Mortgaged Properties and related insurance premiums shall not, for the purpose of calculating monthly distributions to the Certificateholders, be added to the Scheduled Principal Balances of the related Mortgage Loans, notwithstanding that the terms of such Mortgage Loans so permit.

  • Special Servicing of Delinquent Mortgage Loans If permitted under the terms of the applicable Servicing Agreement, the Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator and any NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the Seller from its own funds, without right of reimbursement from the Trust Fund. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.

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