Administration and Servicing of Contracts Sample Clauses
The 'Administration and Servicing of Contracts' clause defines the responsibilities and procedures for managing and maintaining the contract throughout its duration. It typically outlines which party is responsible for tasks such as record-keeping, reporting, communication, and handling amendments or renewals. For example, it may specify how notices should be delivered or how performance under the contract is to be monitored. The core function of this clause is to ensure that both parties understand their ongoing obligations and that the contract is properly managed, reducing the risk of misunderstandings or disputes during its execution.
Administration and Servicing of Contracts. 43 SECTION 3.01
Administration and Servicing of Contracts. 37 Section 4.01 Responsibility for Contract Administration and Servicing..... 37 Section 4.02 Standard of Care............................................. 37 Section 4.03 Records...................................................... 37 Section 4.04 Inspection................................................... 38 Section 4.05 Establishment of and Deposits in Certificate Accounts........ 38 Section 4.06 Payment of Taxes............................................. 39 Section 4.07 Enforcement.................................................. 39 -i- TABLE OF CONTENTS (continued) Page
Administration and Servicing of Contracts. Section 6.01 [Reserved].
Administration and Servicing of Contracts. Section 5.01. Responsibility for Contract Administration and Servicing..............................54 Section 5.02. Standard of Care......................................................................54 Section 5.03. Records...............................................................................54 Section 5.04. Inspection............................................................................54 Section 5.05. Establishment of and Deposits in the Certificate Account..............................55 Section 5.06. Payment of Taxes......................................................................56 Section 5.07. Enforcement...........................................................................56 Section 5.08. Transfer of the Certificate Account...................................................57 Section 5.09. Maintenance of Hazard Insurance Policies..............................................57 Section 5.10. Fidelity Bond and Errors and Omissions Insurance......................................58 Section 5.11. Collections under Hazard Insurance Policies; Consent to Transfers of Manufactured Homes; Assumption Agreements.............................................58 Section 5.12. Realization upon Defaulted Contracts..................................................59 Section 5.13. Costs and Expenses....................................................................60 Section 5.14. Trustee to Cooperate..................................................................60 Section 5.15.
Administration and Servicing of Contracts. Section 6.1. Designation of the Servicer Section 6.2. Duties of the Servicer Section 6.3. Authorization of the Servicer
Administration and Servicing of Contracts. 97 Section 6.1 Designation of the Servicer..................................................... 97 Section 6.2 Duties of the Servicer.......................................................... 98 Section 6.3 Authorization of the Servicer................................................... 100 Section 6.4 Collection of Payments.......................................................... 100
Administration and Servicing of Contracts. Section 11.01 Appointment and Designation of the Servicer 111122 Section 11.02 Duties of the Servicer 113123 Section 11.03 Authorization of the Servicer 115125 Section 11.04 Collection Efforts, Modification of Collateral 116126
Administration and Servicing of Contracts. Section 6.1 Appointment and Acceptance; Duties...................................................................52 Section 6.2 Collection of Payments...............................................................................55 Section 6.3
Administration and Servicing of Contracts. Section 11.01 Appointment and Designation of the Servicer 116 Section 11.02 Duties of the Servicer 118 Section 11.03 Authorization of the Servicer 120 Section 11.04 Collection Efforts, Modification of Collateral 120 Section 11.05 Servicer Compensation 121 Section 11.06 The Servicer Not to Resign 121 Section 12.01 Authorization and Action 124 Section 12.02 Delegation of Duties 124 Section 12.03 Agents’ Reliance, Etc. 124 Section 12.04 Indemnification 126 Section 12.05 Successor Agents 127 Section 12.06 The Collateral Agent 127 USActive 53852035.1153852035.14.docx -iii-
Administration and Servicing of Contracts. 37 Section 4.01 Responsibility for Contract Administration and Servicing.............................. 37 Section 4.02 Standard of Care...................................................................... 38 Section 4.03 Records............................................................................... 38 Section 4.04 Inspection............................................................................ 38 Section 4.05 Establishment of and Deposits in Note Account......................................... 39 Section 4.06 Payment of Taxes...................................................................... 40 Section 4.07 Enforcement........................................................................... 40 Section 4.08 Transfer of Note Account.............................................................. 41 Section 4.09 Maintenance of Hazard Insurance Policies.............................................. 42 TABLE OF CONTENTS (Continued) Page Section 4.10 Fidelity Bond and Errors and Omissions Insurance...................................... 43