Servicing Duties definition

Servicing Duties means those duties of the Servicer which are enumerated in Section 7.2.

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Servicing Duties. Defined in Section 7.2.

Servicing Duties means those duties of the Servicer which are enumerated inSection 7.2.

Examples of Servicing Duties in a sentence

• The Servicer will perform the Servicing Duties with reasonable care, using that degree of skill and attention that a prudent person engaging in such activities would exercise, but in any event shall not act with less care than the Servicer exercises with respect to all comparable contracts that it services for itself or others.

• The Servicer may delegate its servicing duties hereunder to any Person for the servicing, administration or collection of the Transferred Receivables except for its Primary Servicing Duties.

• Section 8.1 Servicing Standard; Servicing Duties......................

• The Servicer will follow customary standards, policies, and procedures and will have full power and authority, acting alone, to do any and all things in connection with the performance of the Servicing Duties that it deems necessary or desirable.

• Section 8.1 Servicing Standard; Servicing Duties.........................

• Section 8.1 Servicing Standard; Servicing Duties..........................

• The Servicer will manage, service, administer, collect and enforce the Assets in the Asset Pool on behalf of the Purchasers (the "Servicing Duties") and will have full power and authority to do any and all things in connection with the performance of the Servicing Duties which it deems necessary or desirable provided, however, nothing it does may contravene the provisions of this Agreement.

• SECTION 2.1. Reconciliation of Servicer’s Certificate 2 SECTION 2.2. Review and Verification 3 SECTION 2.3. Assumption of Servicer’s Obligations 6 SECTION 2.4. Servicing and Retention of Servicer 7 SECTION 2.5. Servicing Duties of the Backup Servicer 8 SECTION 2.6. Other Obligations of the Backup Servicer and Servicer.

• Servicing Standard; Servicing Duties........................................................

• Section 2.1. Reconciliation of Servicer’s Certificate 2 Section 2.2. Review and Verification 3 Section 2.3. Assumption of Servicer’s Obligations 5 Section 2.4. Servicing and Retention of Servicer 6 Section 2.5. Servicing Duties of the Backup Servicer 7 Section 2.6. Other Obligations of the Backup Servicer and Servicer.

More Definitions of Servicing Duties

Servicing Duties has the meaning assigned to such term in Section 11.02(a).

Servicing Duties. Defined in Section 6.2.

Servicing Duties. As defined in Article VI. ---------------- Servicing Fee: For each Payment Date, an amount equal to the sum of the ------------- products, for each day during the related Collection Period, of (i) the Advances Outstanding on such day, (ii) the Servicing Fee Rate and (iii) a fraction, the numerator of which is 1 and the denominator of which is 360. Servicing Fee Rate: A rate equal to 1.0% per annum. ------------------ Servicing Records: All documents, books, records and other information ----------------- (including, without limitation, computer programs, tapes, disks, data processing software and related property rights) prepared and maintained by the Servicer with respect to the Loans and the related Obligors.

Servicing Duties has the same meaning as defined in Section 1.01 of the Services Agreement.

Servicing Duties means those duties of the Servicer which are enumerated in Section 7.2. “Servicing Fee” means, for each Payment Date, an amount equal to the sum of the products, for each day during the related Settlement Period, of (i) the Outstanding Loan Balance of each Loan as of the preceding Determination Date, (ii) the applicable Servicing Fee Rate, and (iii) a fraction, the numerator of which is 1 and the denominator of which is 360. “Servicing Fee Limit Amount” means for each Payment Date, an amount equal to 10% of the Servicing Fee for the related Settlement Period. “Servicing Fee Rate” means with respect to all Loans, a rate equal to 2.0% per annum. “Servicing Records” means all documents, books, records and other information (including, without limitation, computer programs, tapes, disks, data processing software and related property rights) prepared and maintained by the Servicer with respect to the Transferred Loans and the related Obligors. “Settlement Period” means each period from and including a Payment Date to but excluding the following Payment Date. 44

Servicing Duties means those duties of the Servicer which are enumerated in Section 7.2. “Servicing Fee” means, for each Payment Date, an amount equal to the sum of the products, for each day during the related Settlement Period, of (i) the Outstanding Loan Balance of each Loan as of the preceding Determination Date, (ii) the applicable Servicing Fee Rate, and (iii) a fraction, the numerator of which is 1 and the denominator of which is 360. “Servicing Fee Limit Amount” means for each Payment Date, an amount equal to 10% of the Servicing Fee for the related Settlement Period. “Servicing Fee Rate” means with respect to all Loans, a rate equal to 2.0% per annum. “Servicing Records” means all documents, books, records and other information (including, without limitation, computer programs, tapes, disks, data processing software and related property rights) prepared and maintained by the Servicer with respect to the Transferred Loans and the related Obligors. “Settlement Period” means each period from and including a Payment Date to but excluding the following Payment Date. “SOFR” means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator. “SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). “SOFR Advance” means each Advance bearing interest at a rate based upon the Adjusted Term SOFR Rate. “SOFR Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. “Solvent” means, as to any Person at any time, having a state of affairs such that all of the following conditions are met: (a) the fair value of the property owned by such Person is greater than the amount of such Person’s liabilities (including disputed, contingent and unliquidated liabilities) as such value is established and liabilities evaluated for purposes of Section 101(32) of the Bankruptcy Code; (b) the present fair salable value of the property owned by such Person in an orderly liquidation of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured; (c) such Person is able to realize upon its property and pay its debts and other liabilities (including dis...