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

Administration and Servicing of Collateral Obligations. Section 7.1 Retention and Termination of the Servicer 67 Section 7.2 Resignation and Removal of the Servicer; Appointment of Successor Servicer 67 Section 7.3 Duties of the Servicer 68 Section 7.4 Representations and Warranties of the Servicer 70 Section 7.5 Covenants of the Servicer and Equityholder 72 Section 7.6 Servicing Fees; Payment of Certain Expenses by Servicer 77 Section 7.7 Collateral Reporting 77 Section 7.8 Notices 77 Section 7.9 Procedural Review of Collateral Obligations; Access to Servicer and Servicer’s Records 77 Section 7.10 Optional Sales 78 Section 7.11 Repurchase or Substitution of Warranty Collateral Obligations 80 Section 7.12 Servicing of REO Assets 81 ARTICLE VIII ACCOUNTS; PAYMENTS Section 8.1 Accounts 82 Section 8.2 Excluded Amounts 84 Section 8.3 Distributions, Reinvestment and Dividends 84 Section 8.4 Fees 88 Section 8.5 Monthly Report 88 ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE BORROWER Section 9.1 Organization and Good Standing 89 Section 9.2 Due Qualification 89 Section 9.3 Power and Authority 89 Section 9.4 Binding Obligations 89 Section 9.5 Security Interest 90 Section 9.6 No Violation 91 Section 9.7 No Proceedings 91 Section 9.8 No Consents 91 Section 9.9 Solvency 91 Section 9.10 Compliance with Laws 91 Section 9.11 Taxes 91 Section 9.12 Monthly Report 92 Section 9.13 No Liens, Etc. 92 Section 9.14 Information True and Correct 92 Section 9.15 Bulk Sales 93 Section 9.16 Collateral 93 Section 9.17 Selection Procedures 93 Section 9.18 Indebtedness 93 Section 9.19 No Injunctions 93 Section 9.20 No Subsidiaries 93 Section 9.21 ERISA Matters 93 Section 9.22 Investment Company Status 94 Section 9.23 Set-Off, Etc. 94 Section 9.24 Collections 94 Section 9.25 Value Given 94 Section 9.26 Use of Proceeds 94 Section 9.27 Separate Existence 94 Section 9.28 Transaction Documents 95 Section 9.29 EEA/UK Financial Institution 95 Section 9.30 Anti-Terrorism, Anti-Money Laundering 95 Section 9.31 Anti-Bribery and Corruption 96 Section 9.32 ▇▇▇▇▇▇▇ Rule 96 Section 9.33 AIFMD 96 ARTICLE X COVENANTS Section 10.1 Protection of Security Interest of the Secured Parties 97 Section 10.2 Other Liens or Interests 98 Section 10.3 Costs and Expenses 98 Section 10.4 Reporting Requirements 98 Section 10.5 Separate Existence 98 Section 10.6 Hedging Agreements 101 Section 10.7 Tangible Net Worth 103 Section 10.8 Taxes 103 Section 10.9 Merger, Consolidation, Etc. 104 Section 10.10 Deposit of Collections 104 Section 10.11 Indebtedness; Guarantees 104 Section 10.12 Limitation on Purchases from Affiliates 104 Section 10.13 Transaction Documents 104 Section 10.14 Preservation of Existence 104 Section 10.15 Limitation on Investments 105 Section 10.16 Distributions 105 Section 10.17 Performance of Borrower Assigned Agreements 105 Section 10.18 Further Assurances; Financing Statements 105 Section 10.19 Obligor Payment Instructions 106 Section 10.20 Delivery of Collateral Obligation Files 106 Section 10.21 ERISA 107 Section 10.22 Risk Retention 107 Section 10.23 Proceedings 109 Section 10.24 Officer’s Certificate 109 Section 10.25 Policies and Procedures for Sanctions 109 Section 10.26 Compliance with Sanctions 109 Section 10.27 Compliance with Anti-Money Laundering 110 Section 10.28 Ineligible Collateral 110 ARTICLE XI THE COLLATERAL AGENT Section 11.1 Appointment of Collateral Agent 110 Section 11.2 Monthly Reports 110 Section 11.3 Collateral Administration 110 Section 11.4 Removal or Resignation of Collateral Agent 114 Section 11.5 Representations and Warranties 114 Section 11.6 No Adverse Interest of Collateral Agent 115 Section 11.7 Reliance of Collateral Agent 115 Section 11.8 Limitation of Liability and Collateral Agent Rights 115 Section 11.9 Tax Reports 118 Section 11.10 Merger or Consolidation 118 Section 11.11 Collateral Agent Compensation 119 Section 11.12 Compliance with Applicable Anti-Bribery and Corruption, Anti-Terrorism and Anti-Money Laundering Regulations 119 ARTICLE XII GRANT OF SECURITY INTEREST

Administration and Servicing of Collateral Obligations. Section 7.1 Retention and Termination of the Servicer 67 Servicer. 68 Section 7.2 Resignation and Removal of the Servicer; Appointment of Successor Servicer 67 Servicer. 68 Section 7.3 Duties of the Servicer 68 Servicer. 69 Section 7.4 Representations and Warranties of the Servicer Servicer. 70 Section 7.5 Covenants of the Servicer and Equityholder 72 Equityholder. 73 Section 7.6 Servicing Fees; Payment of Certain Expenses by Servicer Servicer. 77 Section 7.7 Collateral Reporting Reporting. 77 Section 7.8 Notices 77 Notices. 78 Section 7.9 Procedural Review of Collateral Obligations; Access to Servicer and Servicer’s Records 77 Records. 78 USActive 58353885.2 Section 7.10 Optional Sales 78 Sales. 79 Section 7.11 Repurchase or Substitution of Warranty Collateral Obligations 80 Obligations. 81 Section 7.12 Servicing of REO Assets Assets. 81 ARTICLE VIII ACCOUNTS; PAYMENTS Section 8.1 Accounts 82 Accounts. 83 Section 8.2 Excluded Amounts Amounts. 84 Section 8.3 Distributions, Reinvestment and Dividends 84 Dividends. 85 Section 8.4 Fees Fees. 88 Section 8.5 Monthly Report 88 Report. 89 ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE BORROWER Section 9.1 Organization and Good Standing 89 Standing. 90 Section 9.2 Due Qualification 89 Qualification. 90 Section 9.3 Power and Authority 89 Authority. 90 Section 9.4 Binding Obligations 89 Obligations. 90 Section 9.5 Security Interest Interest. 90 Section 9.6 No Violation Violation. 91 Section 9.7 No Proceedings 91 Proceedings. 92 Section 9.8 No Consents 91 Consents. 92 Section 9.9 Solvency 91 Solvency. 92 Section 9.10 Compliance with Laws 91 Laws. 92 Section 9.11 Taxes 91 Taxes. 92 Section 9.12 Monthly Report 92 Report. 93 Section 9.13 No Liens, Etc. 92 93 USActive 58353885.2 Section 9.14 Information True and Correct 92 Correct. 93 Section 9.15 Bulk Sales 93 Sales. 94 Section 9.16 Collateral 93 Collateral. 94 Section 9.17 Selection Procedures 93 Procedures. 94 Section 9.18 Indebtedness 93 Indebtedness. 94 Section 9.19 No Injunctions 93 Injunctions. 94 Section 9.20 No Subsidiaries 93 Subsidiaries. 94 Section 9.21 ERISA Matters 93 Matters. 94 Section 9.22 Investment Company Status Status. 94 Section 9.23 Set-Off, Etc. 94 Section 9.24 Collections 94 Collections. 95 Section 9.25 Value Given 94 Given. 95 Section 9.26 Use of Proceeds 94 Proceeds. 95 Section 9.27 Separate Existence 94 Existence. 95 Section 9.28 Transaction Documents Documents. 95 Section 9.29 EEA/UK Financial Institution 95 Institution. 96 Section 9.30 Anti-Terrorism, Anti-Money Laundering 95 Laundering. 96 Section 9.31 Anti-Bribery and Corruption 96 Corruption. 97 Section 9.32 ▇▇▇▇▇▇▇ Rule 96 Rule. 97 Section 9.33 AIFMD 96 AIFMD. 97 ARTICLE X COVENANTS Section 10.1 Protection of Security Interest of the Secured Parties 97 Parties. 98 Section 10.2 Other Liens or Interests 98 Interests. 99 Section 10.3 Costs and Expenses 98 Expenses. 99 USActive 58353885.2 Section 10.4 Reporting Requirements 98 Requirements. 99 Section 10.5 Separate Existence 98 Existence. 99 Section 10.6 Hedging Agreements 101 Agreements. 102 Section 10.7 Tangible Net Worth 103 Worth. 104 Section 10.8 Taxes 103 Taxes. 104 Section 10.9 Merger, Consolidation, Etc. 104 Section 10.10 Deposit of Collections 104 Collections. 105 Section 10.11 Indebtedness; Guarantees 104 Guarantees. 105 Section 10.12 Limitation on Purchases from Affiliates 104 Affiliates. 105 Section 10.13 Transaction Documents 104 Documents. 105 Section 10.14 Preservation of Existence 104 Existence. 105 Section 10.15 Limitation on Investments Investments. 105 Section 10.16 Distributions 105 Distributions. 106 Section 10.17 Performance of Borrower Assigned Agreements 105 Agreements. 106 Section 10.18 Further Assurances; Financing Statements 105 Statements. 106 Section 10.19 Obligor Payment Instructions 106 Instructions. 107 Section 10.20 Delivery of Collateral Obligation Files 106 Files. 107 Section 10.21 ERISA 107 ERISA. 108 Section 10.22 Risk Retention 107 Retention. 108 Section 10.23 Proceedings 109 Proceedings. 110 Section 10.24 Officer’s Certificate 109 [Reserved]. 110 Section 10.25 Policies and Procedures for Sanctions 109 Sanctions. 110 Section 10.26 Compliance with Sanctions 109 Sanctions. 110 Section 10.27 Compliance with Anti-Money Laundering 110 Laundering. 111 Section 10.28 Ineligible Collateral 110 ARTICLE XI THE COLLATERAL AGENT Section 11.1 Appointment of Collateral Agent 110 Section 11.2 Monthly Reports 110 Section 11.3 Collateral Administration 110 Section 11.4 Removal or Resignation of Collateral Agent 114 Section 11.5 Representations and Warranties 114 Section 11.6 No Adverse Interest of Collateral Agent 115 Section 11.7 Reliance of Collateral Agent 115 Section 11.8 Limitation of Liability and Collateral Agent Rights 115 Section 11.9 Tax Reports 118 Section 11.10 Merger or Consolidation 118 Section 11.11 Collateral Agent Compensation 119 Section 11.12 Compliance with Applicable Anti-Bribery and Corruption, Anti-Terrorism and Anti-Money Laundering Regulations 119 ARTICLE XII GRANT OF SECURITY INTERESTCollateral. 111 USActive 58353885.2