Common use of Administration and Management of Collateral Obligations Clause in Contracts

Administration and Management of Collateral Obligations. 10098 Section 7.1 Retention and Termination of the Servicer 10098 Section 7.2 Resignation and Removal of the Servicer; Appointment of Successor Servicer 10098 Section 7.3 Duties of the Servicer 101100 Section 7.4 Representations and Warranties of the Servicer 102101 Section 7.5 Covenants Relating to the Servicer 105103 Section 7.6 Collateral Reporting 108107 Section 7.7 Procedural Review of Collateral Obligations; Access to Servicer and Servicer’s Records 108107 Section 7.8 Optional Sales 109108 Section 7.9 Repurchase or Substitution of Warranty Collateral Obligations 111110 -ii- Section 7.10 Lien Release Dividends 112110 ARTICLE VIII ACCOUNTS; PAYMENTS 114112 Section 8.1 Accounts 114112 Section 8.2 Excluded Amounts 116115 Section 8.3 Distributions, Reinvestment and Dividends 116115 Section 8.4 Fees 120119 Section 8.5 Monthly Report 120119 ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE BORROWER 121120 Section 9.1 Organization and Good Standing 121120 Section 9.2 Due Qualification 121120 Section 9.3 Power and Authority 122120 Section 9.4 Binding Obligations 122120 Section 9.5 Security Interest 122120 Section 9.6 No Violation 123121 Section 9.7 No Proceedings 123122 Section 9.8 No Consents 123122 Section 9.9 Solvency 124122 Section 9.10 Compliance with Laws 124122 Section 9.11 Taxes 124122 Section 9.12 Monthly Report 124123 Section 9.13 No Liens, Etc 124123 Section 9.14 Information True and Correct 125123 Section 9.15 No Sovereignty 125124 Section 9.16 Collateral 125124 -iii- Section 9.17 Selection Procedures 125124 Section 9.18 Indebtedness 125124 Section 9.19 No Injunctions 125124 Section 9.20 No Subsidiaries 125124 Section 9.21 ERISA Compliance 125124 Section 9.22 Investment Company Status 126124 Section 9.23 Set-Off, Etc 126124 Section 9.24 Collections 126124 Section 9.25 Value Given 126124 Section 9.26 Regulatory Compliance 126125 Section 9.27 Separate Existence 126125 Section 9.28 Transaction Documents 126125 Section 9.29 Compliance with Anti-Corruption Laws and Anti-Money Laundering Laws 127125 Section 9.30 Compliance with Sanctions 127125 Section 9.31 Beneficial Ownership Certification 127126 Section 9.32 Similar Law 127126 Section 9.33 Blocking Regulations and Anti-Boycott Regulations 127126 ARTICLE X COVENANTS 128126 Section 10.1 Protection of Security Interest of the Secured Parties 128126 Section 10.2 Other Liens or Interests 129127 Section 10.3 Costs and Expenses 129127 Section 10.4 Reserved 129127 Section 10.5 Separate Existence 129127 Section 10.6 Reserved 130129 -iv-

Administration and Management of Collateral Obligations. 10098 THE EQUITYHOLDER 71 Section 7.1 Retention and Termination of the Servicer 10098 Services Provider 71 Section 7.2 Resignation and Removal of the ServicerServices Provider; Appointment of Successor Servicer 10098 Services Provider 72 Section 7.3 Duties of the Servicer 101100 Services Provider 73 Section 7.4 Representations and Warranties of the Servicer 102101 Services Provider 74 Section 7.5 Covenants Relating to of the Servicer 105103 Services Provider 77 Section 7.6 [Reserved] 80 Section 7.7 Covenants of the Equityholder 80 Section 7.8 Collateral Reporting 108107 80 Section 7.7 7.9 Notices 80 Section 7.10 Procedural Review of Collateral Obligations; Access to Servicer Services Provider and ServicerServices Provider’s Records 108107 81 Section 7.8 7.11 Optional Sales 109108 82 Section 7.9 7.12 Repurchase or Substitution of Warranty Collateral Obligations 111110 -ii- 84 Section 7.10 Lien Release Dividends 112110 7.13 Servicing of REO Assets 85 ARTICLE VIII PLEDGED ACCOUNTS; PAYMENTS 114112 86 Section 8.1 Pledged Accounts 114112 86 Section 8.2 Excluded Amounts 116115 88 Section 8.3 Distributions, Reinvestment and Dividends 116115 89 Section 8.4 Fees 120119 92 Section 8.5 Monthly Report 120119 92 ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE BORROWER 121120 93 Section 9.1 Organization and Good Standing 121120 93 Section 9.2 Due Qualification 121120 94 Section 9.3 Power and Authority 122120 94 Section 9.4 Binding Obligations 122120 94 Section 9.5 Security Interest 122120 94 Section 9.6 No Violation 123121 95 Section 9.7 No Proceedings 123122 95 Section 9.8 No Consents 123122 96 Section 9.9 Solvency 124122 96 Section 9.10 Compliance with Laws 124122 96 Section 9.11 Taxes 124122 96 Section 9.12 Monthly Report 124123 96 Section 9.13 No Liens, Etc 124123 Etc. 96 Section 9.14 Information True and Correct 125123 97 Section 9.15 No Sovereignty 125124 Bulk Sales 97 Section 9.16 Collateral 125124 -iii- 97 Section 9.17 Selection Procedures 125124 97 Section 9.18 Indebtedness 125124 97 Section 9.19 No Injunctions 125124 98 Section 9.20 No Subsidiaries 125124 98 Section 9.21 ERISA Compliance 125124 Section 9.22 Investment Company Status 126124 Section 9.23 Set-Off, Etc 126124 Section 9.24 Collections 126124 Section 9.25 Value Given 126124 Section 9.26 Regulatory Compliance 126125 Section 9.27 Separate Existence 126125 Section 9.28 Transaction Documents 126125 Section 9.29 Compliance with Anti-Corruption Laws and Anti-Money Laundering Laws 127125 Section 9.30 Compliance with Sanctions 127125 Section 9.31 Beneficial Ownership Certification 127126 Section 9.32 Similar Law 127126 Section 9.33 Blocking Regulations and Anti-Boycott Regulations 127126 ARTICLE X COVENANTS 128126 Section 10.1 Protection of Security Interest of the Secured Parties 128126 Section 10.2 Other Liens or Interests 129127 Section 10.3 Costs and Expenses 129127 Section 10.4 Reserved 129127 Section 10.5 Separate Existence 129127 Section 10.6 Reserved 130129 -iv-98