Servicer Obligations means, collectively, all covenants, agreements, terms, conditions and other obligations to be performed and observed by Wyndham in its capacity as the Servicer under the Indenture, and shall include without limitation the due and punctual payment when due of all sums that are or may become owing by the Servicer under the Indenture, whether in respect of fees, expenses (including counsel fees), indemnified amounts or otherwise, including without limitation any such fees, expenses and other amounts that accrue after the commencement of any Insolvency Proceeding with respect to Wyndham (in each case whether or not allowed as a claim in such Insolvency Proceeding).
Servicer Obligations means, collectively, all covenants, agreements, terms, conditions and other obligations to be performed and observed by WCF in its capacity as the Servicer under the Indenture, and shall include without limitation the due and punctual payment when due of all sums that are or may become owing by the Servicer under the Indenture, whether in respect of fees, expenses (including counsel fees), indemnified amounts or otherwise, including without limitation any such fees, expenses and other amounts that accrue after the commencement of any Insolvency Proceeding with respect to WCF (in each case whether or not allowed as a claim in such Insolvency Proceeding).
Servicer Obligations means the existing and future obligations of any kind of any of the General Partners to each Limited Partner under those sections of the LP Agreement listed in Schedule A annexed hereto and the obligations of Avis Budget Car Rental Canada ULC to each Limited Partner pursuant to the CCRG Undertaking, whether direct or indirect, absolute or contingent, matured or not; and
Examples of Servicer Obligations in a sentence
The Servicer Performance Guarantor shall not exercise or assert any rights which it may acquire by way of subrogation under this Performance Guaranty unless and until all of the Guaranteed Servicer Obligations shall have been paid and performed in full.
If the audited Party’s compliance with, cooperation with and/or support of any such review related to such audited Party will cause the audited Party to expend additional resources that it otherwise would not spend in the normal course of providing the Guaranteed Servicer Obligations, the audited Party will notify the requesting Party of such requirement for additional resources (and the hourly rate associated with each).
Notwithstanding anything to the contrary contained in this Performance Guaranty, the obligations of the Servicer Performance Guarantor hereunder in respect of the Servicer are expressly limited to the Guaranteed Servicer Obligations.
Cendant and Wyndham Worldwide each hereby guarantees to the Issuer, the Trustee and the Collateral Agent on behalf of all holders of Notes and the Insurer the full and punctual payment and performance of all of WCF’s Servicer Obligations.
More Definitions of Servicer Obligations
Servicer Obligations means all indebtedness, liabilities, covenants, duties and other obligations of the Servicer to the Lender included or arising from time to time under the Servicing Agreement or any other Program Document, including, without limitation, Section 3.02 of the Servicing Agreement, and such other fees, costs, attorneys' fees, and indemnification amounts, direct or indirect, absolute or contingent, due or to become due, primary or secondary, or joint or several thereunder.
Servicer Obligations means collectively, all covenants, agreements, terms, conditions and indemnities to be performed and observed by the Servicer solely in its capacity as "Servicer" under and pursuant to the Purchase Agreement and each other document executed and delivered by the Servicer as "Servicer" pursuant to the Purchase Agreement, including, without limitation, the due and punctual payment of all sums which are or may become due and owing by the Servicer as "Servicer" under the Purchase Agreement, whether for the deposit of collections received by it or for fees, expenses (including counsel fees), indemnified amounts or otherwise, whether upon any termination or for any other reason, including any renewals, extensions and modifications thereof. All capitalized terms used herein, and not otherwise herein defined shall have their respective meanings as defined in the Purchase Agreement.
Servicer Obligations means the obligations of the Servicer to service the Series 2021-1 Assets set forth in the Receivables Sale and Servicing Agreement, in any Series 2021-1 Sale and Servicing Supplement and any Series 2021-1 Designation and Servicing Supplement, as the case may be, in the Note Purchase Agreement, or, in the case of a Replacement Servicer, the obligations of the Replacement Servicer under the replacement servicing agreement entered into by the Replacement Servicer in connection with its appointment as Replacement Servicer.
Servicer Obligations means: the obligations and liabilities of the Servicer to any of the Agent, the Lenders and the Company, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter incurred, which may arise under, out of, or in connection with, (i) any fraud or intentional misrepresentation by the Servicer in connection with the performance of any its duties and obligations under the RLSA or any other Transaction Documents, (ii) any intentional violations of any representations, warranties or covenants in the RLSA or any other Transaction Document and any violations of the Servicer's representations, warranties or covenants in the RLSA or any other Transaction Documents caused by the Servicer's willful misconduct, (iii) the intentional misapplication and/or misappropriation by the Servicer of funds on deposit in the Collection Account, the Sinking Fund Account or the Lock-Box Account or any other funds which constitute Collections or are otherwise due to the Agent or the Lender under the terms of the Transaction Documents, (iv) the intentional failure of the Servicer to deliver any payments, collections or proceeds which it is obligated to deliver in accordance with the terms of the RLSA or of any other Transaction Document at the times it is obligated to make such deliveries under the terms of the RLSA or of any other Transaction Document or (v) the intentional failure by the Servicer to fully preserve, maintain and protect the Agent's and the Lender's security interest in the Pledged Assets in accordance with the terms of the RLSA or any other Transaction Document.
Servicer Obligations means, existing and future non-monetary obligations of any kind of Funding LP or DTAG Canada, whether in its capacity as general partner of Funding LP or in its individual capacity, to the Indenture Trustee or any Noteholder under those sections of the Transaction Documents listed in Schedule A annexed hereto, whether direct or indirect, absolute or contingent, matured or not. For greater certainty, nothing in this Guarantee shall create or constitute (i) a monetary payment, reimbursement or financial obligation of any kind on the Guarantor provided that the foregoing shall not preclude the Indenture Trustee from suing for monetary damages in the event that the Guarantor fails to perform any Servicer Obligation pursuant to the terms hereof, or (ii) an obligation of the Guarantor to perform any future obligations which any Replacement Servicer may owe to the Indenture Trustee from time to time.
Servicer Obligations has the meaning ascribed thereto in any Related Supplement in respect of any Series of Debt Obligations.
Servicer Obligations means collectively, all covenants, agreements, terms, conditions and indemnities to be performed and observed by AHMS solely in its capacity as “Servicer” under and pursuant to the Repurchase Agreement, the Letter Agreement, each other Transaction Document and each other document executed and delivered by the Servicer as “Servicer” pursuant to the Repurchase Agreement or the Letter Agreement, including, without limitation, the due and punctual payment of all sums which are or may become due and owing by the Servicer as “Servicer” under the Repurchase Agreement, the Letter Agreement or any other Transaction Document, whether for the deposit of collections received by it or for fees, expenses (including counsel fees), indemnified amounts or otherwise, whether upon any termination or for any other reason, including any renewals, extensions and modifications thereof. All capitalized terms used herein, and not otherwise herein defined shall have their respective meanings as defined in the Repurchase Agreement or the Letter Agreement, as applicable.