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. 84 Section 7.2 Resignation and Removal of the Servicer; Appointment of Successor Servicer. 84 Section 7.3 Duties of the Servicer. 85 Section 7.4 Representations and Warranties of the Servicer. 87 Section 7.5 Covenants of the Servicer. 89 Section 7.6 Servicing Fees; Payment of Certain Expenses by Servicer. 93 Section 7.7 Collateral Reporting. 93 Section 7.8 Notices. 94 Section 7.9 Procedural Review of Collateral Obligations; Access to Servicer and Servicer’s Records. 94 Section 7.10 Optional Sales. 95 Section 7.11 Repurchase or Substitution of Warranty Collateral Obligations. 97 Section 7.12 Servicing of REO Assets. 97 ARTICLE VIII ACCOUNTS; PAYMENTS Section 8.1 Accounts. 99 Section 8.2 Excluded Amounts. 101 Section 8.3 Distributions, Reinvestment and Dividends. 101 Section 8.4 Fees. 106 Section 8.5 Monthly Report. 106 ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE BORROWER Section 9.1 Organization and Good Standing. 107 Section 9.2 Due Qualification. 107 Section 9.3 Power and Authority. 107 Section 9.4 Binding Obligations. 108 Section 9.5 Security Interest. 108 Section 9.6 No Violation. 109 Section 9.7 No Proceedings. 109 Section 9.8 No Consents. 109 Section 9.9 Solvency. 110 Section 9.10 Compliance with Laws. 110 Section 9.11 Taxes. 110 Section 9.12 Monthly Report. 110 Section 9.13 No Liens, Etc. 110 Section 9.14 Information True and Correct. 111 Section 9.15 Bulk Sales. 111 Section 9.16 Collateral. 111 Section 9.17 Selection Procedures. 111 Section 9.18 Indebtedness. 111 Section 9.19 No Injunctions. 111 Section 9.20 No Subsidiaries. 111 Section 9.21 ERISA Matters. 111 Section 9.22 Investment Company Status. 112 Section 9.23 Set-Off, Etc. 112 Section 9.24 Collections. 112 Section 9.25 Value Given. 112 Section 9.26 Use of Proceeds. 112 Section 9.27 Separate Existence. 112 Section 9.28 Transaction Documents. 112 Section 9.29 EEA/UK Financial Institution. 113 Section 9.30 Anti-Terrorism, Anti-Money Laundering. 113 Section 9.31 Anti-Bribery and Corruption. 114 Section 9.32 ▇▇▇▇▇▇▇ Rule. 114 Section 9.33 AIFMD. 114 ARTICLE X COVENANTS Section 10.1 Protection of Security Interest of the Secured Parties. 115 Section 10.2 Other Liens or Interests. 116 Section 10.3 Costs and Expenses. 116 Section 10.4 Reporting Requirements. 116 Section 10.5 Separate Existence. 117 Section 10.6 Hedging Agreements. 120 Section 10.7 Tangible Net Worth. 122 Section 10.8 Taxes. 122 Section 10.9 Merger, Consolidation, Etc.. 122 Section 10.10 Deposit of Collections. 122 Section 10.11 Indebtedness; Guarantees. 123 Section 10.12 Limitation on Purchases from Affiliates. 123 Section 10.13 Transaction Documents. 123 Section 10.14 Preservation of Existence. 123 Section 10.15 Limitation on Investments. 123 Section 10.16 Distributions. 123 Section 10.17 Performance of Borrower Assigned Agreements. 124 Section 10.18 Further Assurances; Financing Statements. 125 Section 10.19 Obligor Payment Instructions. 125 Section 10.20 Delivery of Collateral Obligation Files. 126 Section 10.21 ERISA. 126 Section 10.22 Risk Retention. 127 Section 10.23 Proceedings. 130 Section 10.24 Officer’s Certificate. 130 Section 10.25 Policies and Procedures for Sanctions. 130 Section 10.26 Compliance with Sanctions. 131 Section 10.27 Compliance with Anti-Money Laundering. 131 Section 10.28 Ineligible Collateral. 131 Section 10.29 Collateral Obligation Schedule. 131 ARTICLE XI THE COLLATERAL AGENT Section 11.1 Appointment of Collateral Agent. 131 Section 11.2 Monthly Reports. 132 Section 11.3 Collateral Administration. 132 Section 11.4 Removal or Resignation of Collateral Agent. 135 Section 11.5 Representations and Warranties. 136 Section 11.6 No Adverse Interest of Collateral Agent. 136 Section 11.7 Reliance of Collateral Agent. 136 Section 11.8 Limitation of Liability and Collateral Agent Rights. 137 Section 11.9 Tax Reports. 139 Section 11.10 Merger or Consolidation. 139 Section 11.11 Collateral Agent Compensation. 140

Administration and Servicing of Collateral Obligations. Section 7.1 Retention and Termination of the Servicer. 84 Servicer 67 Section 7.2 Resignation and Removal of the Servicer; Appointment of Successor Servicer. 84 Servicer 67 Section 7.3 Duties of the Servicer. 85 Servicer 68 Section 7.4 Representations and Warranties of the Servicer. 87 Servicer 70 Section 7.5 Covenants of the Servicer. 89 Servicer and Equityholder 72 Section 7.6 Servicing Fees; Payment of Certain Expenses by Servicer. 93 Servicer 77 Section 7.7 Collateral Reporting. 93 Reporting 77 Section 7.8 Notices. 94 Notices 77 Section 7.9 Procedural Review of Collateral Obligations; Access to Servicer and Servicer’s Records. 94 Records 77 Section 7.10 Optional Sales. 95 Sales 78 Section 7.11 Repurchase or Substitution of Warranty Collateral Obligations. 97 Obligations 80 Section 7.12 Servicing of REO Assets. 97 Assets 81 ARTICLE VIII ACCOUNTS; PAYMENTS Section 8.1 Accounts. 99 Accounts 82 Section 8.2 Excluded Amounts. 101 Amounts 84 Section 8.3 Distributions, Reinvestment and Dividends. 101 Dividends 84 Section 8.4 Fees. 106 Fees 88 Section 8.5 Monthly Report. 106 Report 88 ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE BORROWER Section 9.1 Organization and Good Standing. 107 Standing 89 Section 9.2 Due Qualification. 107 Qualification 89 Section 9.3 Power and Authority. 107 Authority 89 Section 9.4 Binding Obligations. 108 Obligations 89 Section 9.5 Security Interest. 108 Interest 90 Section 9.6 No Violation. 109 Violation 91 Section 9.7 No Proceedings. 109 Proceedings 91 Section 9.8 No Consents. 109 Consents 91 Section 9.9 Solvency. 110 Solvency 91 Section 9.10 Compliance with Laws. 110 Laws 91 Section 9.11 Taxes. 110 Taxes 91 Section 9.12 Monthly Report. 110 Report 92 Section 9.13 No Liens, Etc. 110 92 Section 9.14 Information True and Correct. 111 Correct 92 Section 9.15 Bulk Sales. 111 Sales 93 Section 9.16 Collateral. 111 Collateral 93 Section 9.17 Selection Procedures. 111 Procedures 93 Section 9.18 Indebtedness. 111 Indebtedness 93 Section 9.19 No Injunctions. 111 Injunctions 93 Section 9.20 No Subsidiaries. 111 Subsidiaries 93 Section 9.21 ERISA Matters. 111 Matters 93 Section 9.22 Investment Company Status. 112 Status 94 Section 9.23 Set-Off, Etc. 112 94 Section 9.24 Collections. 112 Collections 94 Section 9.25 Value Given. 112 Given 94 Section 9.26 Use of Proceeds. 112 Proceeds 94 Section 9.27 Separate Existence. 112 Existence 94 Section 9.28 Transaction Documents. 112 Documents 95 Section 9.29 EEA/UK Financial Institution. 113 Institution 95 Section 9.30 Anti-Terrorism, Anti-Money Laundering. 113 Laundering 95 Section 9.31 Anti-Bribery and Corruption. 114 Corruption 96 Section 9.32 ▇▇▇▇▇▇▇ Rule. 114 Rule 96 Section 9.33 AIFMD. 114 AIFMD 96 ARTICLE X COVENANTS Section 10.1 Protection of Security Interest of the Secured Parties. 115 Parties 97 Section 10.2 Other Liens or Interests. 116 Interests 98 Section 10.3 Costs and Expenses. 116 Expenses 98 Section 10.4 Reporting Requirements. 116 Requirements 98 Section 10.5 Separate Existence. 117 Existence 98 Section 10.6 Hedging Agreements. 120 Agreements 101 Section 10.7 Tangible Net Worth. 122 Worth 103 Section 10.8 Taxes. 122 Taxes 103 Section 10.9 Merger, Consolidation, Etc.. 122 . 104 Section 10.10 Deposit of Collections. 122 Collections 104 Section 10.11 Indebtedness; Guarantees. 123 Guarantees 104 Section 10.12 Limitation on Purchases from Affiliates. 123 Affiliates 104 Section 10.13 Transaction Documents. 123 Documents 104 Section 10.14 Preservation of Existence. 123 Existence 104 Section 10.15 Limitation on Investments. 123 Investments 105 Section 10.16 Distributions. 123 Distributions 105 Section 10.17 Performance of Borrower Assigned Agreements. 124 Agreements 105 Section 10.18 Further Assurances; Financing Statements. 125 Statements 105 Section 10.19 Obligor Payment Instructions. 125 Instructions 106 Section 10.20 Delivery of Collateral Obligation Files. 126 Files 106 Section 10.21 ERISA. 126 ERISA 107 Section 10.22 Risk Retention. 127 Retention 107 Section 10.23 Proceedings. 130 Proceedings 109 Section 10.24 Officer’s Certificate. 130 Certificate 109 Section 10.25 Policies and Procedures for Sanctions. 130 Sanctions 109 Section 10.26 Compliance with Sanctions. 131 Sanctions 109 Section 10.27 Compliance with Anti-Money Laundering. 131 Laundering 110 Section 10.28 Ineligible Collateral. 131 Section 10.29 Collateral Obligation Schedule. 131 110 ARTICLE XI THE COLLATERAL AGENT Section 11.1 Appointment of Collateral Agent. 131 Agent 110 Section 11.2 Monthly Reports. 132 Reports 110 Section 11.3 Collateral Administration. 132 Administration 110 Section 11.4 Removal or Resignation of Collateral Agent. 135 Agent 114 Section 11.5 Representations and Warranties. 136 Warranties 114 Section 11.6 No Adverse Interest of Collateral Agent. 136 Agent 115 Section 11.7 Reliance of Collateral Agent. 136 Agent 115 Section 11.8 Limitation of Liability and Collateral Agent Rights. 137 Rights 115 Section 11.9 Tax Reports. 139 Reports 118 Section 11.10 Merger or Consolidation. 139 Consolidation 118 Section 11.11 Collateral Agent Compensation. 140Compensation 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. 84 68 Section 7.2 Resignation and Removal of the Servicer; Appointment of Successor Servicer. 84 68 Section 7.3 Duties of the Servicer. 85 69 Section 7.4 Representations and Warranties of the Servicer. 87 70 Section 7.5 Covenants of the ServicerServicer and Equityholder. 89 73 Section 7.6 Servicing Fees; Payment of Certain Expenses by Servicer. 93 77 Section 7.7 Collateral Reporting. 93 77 Section 7.8 Notices. 94 78 Section 7.9 Procedural Review of Collateral Obligations; Access to Servicer and Servicer’s Records. 94 78 USActive 58353885.2 Section 7.10 Optional Sales. 95 79 Section 7.11 Repurchase or Substitution of Warranty Collateral Obligations. 97 81 Section 7.12 Servicing of REO Assets. 97 81 ARTICLE VIII ACCOUNTS; PAYMENTS Section 8.1 Accounts. 99 83 Section 8.2 Excluded Amounts. 101 84 Section 8.3 Distributions, Reinvestment and Dividends. 101 85 Section 8.4 Fees. 106 88 Section 8.5 Monthly Report. 106 89 ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE BORROWER Section 9.1 Organization and Good Standing. 107 90 Section 9.2 Due Qualification. 107 90 Section 9.3 Power and Authority. 107 90 Section 9.4 Binding Obligations. 108 90 Section 9.5 Security Interest. 108 90 Section 9.6 No Violation. 109 91 Section 9.7 No Proceedings. 109 92 Section 9.8 No Consents. 109 92 Section 9.9 Solvency. 110 92 Section 9.10 Compliance with Laws. 110 92 Section 9.11 Taxes. 110 92 Section 9.12 Monthly Report. 110 93 Section 9.13 No Liens, Etc. 110 93 USActive 58353885.2 Section 9.14 Information True and Correct. 111 93 Section 9.15 Bulk Sales. 111 94 Section 9.16 Collateral. 111 94 Section 9.17 Selection Procedures. 111 94 Section 9.18 Indebtedness. 111 94 Section 9.19 No Injunctions. 111 94 Section 9.20 No Subsidiaries. 111 94 Section 9.21 ERISA Matters. 111 94 Section 9.22 Investment Company Status. 112 94 Section 9.23 Set-Off, Etc. 112 94 Section 9.24 Collections. 112 95 Section 9.25 Value Given. 112 95 Section 9.26 Use of Proceeds. 112 95 Section 9.27 Separate Existence. 112 95 Section 9.28 Transaction Documents. 112 95 Section 9.29 EEA/UK Financial Institution. 113 96 Section 9.30 Anti-Terrorism, Anti-Money Laundering. 113 96 Section 9.31 Anti-Bribery and Corruption. 114 97 Section 9.32 ▇▇▇▇▇▇▇ Rule. 114 97 Section 9.33 AIFMD. 114 97 ARTICLE X COVENANTS Section 10.1 Protection of Security Interest of the Secured Parties. 115 98 Section 10.2 Other Liens or Interests. 116 99 Section 10.3 Costs and Expenses. 116 99 USActive 58353885.2 Section 10.4 Reporting Requirements. 116 99 Section 10.5 Separate Existence. 117 99 Section 10.6 Hedging Agreements. 120 102 Section 10.7 Tangible Net Worth. 122 104 Section 10.8 Taxes. 122 104 Section 10.9 Merger, Consolidation, Etc.. 122 . 104 Section 10.10 Deposit of Collections. 122 105 Section 10.11 Indebtedness; Guarantees. 123 105 Section 10.12 Limitation on Purchases from Affiliates. 123 105 Section 10.13 Transaction Documents. 123 105 Section 10.14 Preservation of Existence. 123 105 Section 10.15 Limitation on Investments. 123 105 Section 10.16 Distributions. 123 106 Section 10.17 Performance of Borrower Assigned Agreements. 124 106 Section 10.18 Further Assurances; Financing Statements. 125 106 Section 10.19 Obligor Payment Instructions. 125 107 Section 10.20 Delivery of Collateral Obligation Files. 126 107 Section 10.21 ERISA. 126 108 Section 10.22 Risk Retention. 127 108 Section 10.23 Proceedings. 130 110 Section 10.24 Officer’s Certificate[Reserved]. 130 110 Section 10.25 Policies and Procedures for Sanctions. 130 110 Section 10.26 Compliance with Sanctions. 131 110 Section 10.27 Compliance with Anti-Money Laundering. 131 111 Section 10.28 Ineligible Collateral. 131 Section 10.29 Collateral Obligation Schedule. 131 ARTICLE XI THE COLLATERAL AGENT Section 11.1 Appointment of Collateral Agent. 131 Section 11.2 Monthly Reports. 132 Section 11.3 Collateral Administration. 132 Section 11.4 Removal or Resignation of Collateral Agent. 135 Section 11.5 Representations and Warranties. 136 Section 11.6 No Adverse Interest of Collateral Agent. 136 Section 11.7 Reliance of Collateral Agent. 136 Section 11.8 Limitation of Liability and Collateral Agent Rights. 137 Section 11.9 Tax Reports. 139 Section 11.10 Merger or Consolidation. 139 Section 11.11 Collateral Agent Compensation. 140111 USActive 58353885.2