ADMINISTRATION AND MASTER SERVICING Sample Clauses

The Administration and Master Servicing clause defines the responsibilities and duties of the party designated to oversee the ongoing management and servicing of a financial asset or pool of assets, such as loans or receivables. This clause typically outlines tasks like collecting payments, maintaining records, monitoring compliance, and reporting to stakeholders. By clearly assigning these administrative and servicing functions, the clause ensures efficient asset management and helps prevent disputes over roles and obligations.