Third Party Servicers. As of the Closing Date, the Representative and the Transferors have represented to the Transferees that the Mortgage Loans are serviced by the Servicer or the Transferors and are not subject to servicing agreements with third parties. It is understood and agreed between the Representative and the Transferors and the Transferees that the Mortgage Loans which are the subject of this Agreement are to be delivered free and clear of any servicing agreements with third party servicers. The Representative and the Transferor, without reimbursement from the Transferees, shall pay any fees or penalties required by any third party servicer for releasing the Mortgage Loans from any such servicing agreement and shall arrange for the orderly transfer of such servicing from any such third party servicer to the Transferees.
Third Party Servicers. 26 SECTION 5.02 Enforceability; Merger or Consolidation of the Transferors...................................... 26 SECTION 5.03 Mandatory Delivery; Grant of Security Interest................................................ 26 ARTICLE VI ADDITIONAL AGREEMENTS
Third Party Servicers. The guar- anty agency may not enter into a con- tract with a third-party servicer that the Secretary has determined does not meet the financial and compliance standards under § 682.416. The guaranty agency shall provide the Secretary with the name and address of any third-party servicer with which the agency enters into a contract and, upon request by the Secretary, a copy of that contract.
Third Party Servicers. 22 Section 5.02 Enforceability; Merger or Consolidation of the Transferors.... 23 Section 5.03 Mandatory Delivery; Grant of Security Interest................ 23 ARTICLE VI
Third Party Servicers. As of the Closing Date, the Sellers have represented to the Purchaser that the Mortgage Loans are serviced by the Servicer or the Sellers and are not subject to servicing agreements with third parties. It is understood and agreed between the Sellers and the Purchaser that the Mortgage Loans which are the subject of this Agreement are to be delivered free and clear of any servicing agreements with third party servicers. Each Seller, without reimbursement from the Purchaser, shall pay any fees or penalties required by any third party servicer for releasing the Mortgage Loans from any such servicing agreement and shall arrange for the orderly transfer of such servicing from any such third party servicer to the Purchasers.]
Third Party Servicers. In the event that any Asset is serviced by a Third Party Servicer, the Borrower shall provide promptly to the Lender a Servicer Notice addressed to and agreed to by such Third Party Servicer of the related Assets, advising such Third Party Servicer of such matters as the Lender may reasonably request, including, without limitation, recognition by such Third Party Servicer of the Finance Parties' interest in such Assets and such Third Party Servicer's agreement that upon receipt of notice of an Event of Default from the Lender and during the continuance of such Default, it will follow the instructions of the Lender with respect to the Assets and any related Income with respect thereto.
Third Party Servicers. To the knowledge of NLC, each third-party servicer with which NLC has contracted to assist with administration of any Financial Assistance program has administered such Financial Assistance program in accordance, in all material respects, with its terms. There is no pending or, to the knowledge of NLC, threatened claim by any Educational Agency or other Person that administers any Financial Assistance program that any third-party servicer has failed to comply with any requirement of any Financial Assistance program.
