Common use of Trustee and the Insurer Clause in Contracts

Trustee and the Insurer. The Servicer shall keep the originals of the Leases and related Lease files segregated from other leases, records and files of the Servicer in a place where it is indicated that they are being held for the Trustee; provided, however, that the originals of the Leases and related Lease files in respect of obligors in the State of Florida need not be so segregated provided that such Leases (and Lease files) are also retained in imaged form and the Servicer is in compliance with the requirements of Section 1.04(c). Notwithstanding the foregoing, the Servicer may temporarily move individual Leases or any portion thereof and related Lease files without notice as necessary to conduct collection and other servicing activities.

Trustee and the Insurer. The Servicer shall keep the originals of the Leases and related Lease files segregated from other leases, records and files of the Servicer in a place where it is indicated that they are being held for the Trustee; provided, however, that the originals of the Leases and related Lease -------- ------- files in respect of obligors in the State of Florida need not be so segregated provided that such Leases (and Lease files) are also retained in imaged form and the Servicer is in compliance with the requirements of Section 1.04(c). Notwithstanding the foregoing, the Servicer may temporarily move individual Leases or any portion thereof and related Lease files without notice as necessary to conduct collection and other servicing activities.

Trustee and the Insurer. The Servicer shall keep the originals of the Leases and related Lease files segregated from other leases, records and files of the Servicer in a place where it is indicated that they are being held for the Trustee; provided, however, that the originals of the Leases -------- ------- and related Lease files in respect of obligors in the State of Florida need not be so segregated provided that such Leases (and Lease files) are also retained in imaged form and the Servicer is in compliance with the requirements of Section 1.04(c). Notwithstanding the foregoing, the Servicer may temporarily move individual Leases or any portion thereof and related Lease files without notice as necessary to conduct collection and other servicing activities.