Administration and Servicing of Lease Assets Sample Clauses

The 'Administration and Servicing of Lease Assets' clause defines the responsibilities and procedures for managing and maintaining assets that are subject to a lease agreement. It typically outlines which party is responsible for routine maintenance, repairs, insurance, and compliance with applicable laws regarding the leased assets. For example, the clause may specify that the lessee must keep the equipment in good working order and notify the lessor of any major issues. The core function of this clause is to ensure that lease assets are properly cared for throughout the lease term, thereby protecting the value of the assets and clarifying each party's obligations.
Administration and Servicing of Lease Assets. 1 SECTION 2.01 Duties of the Servicer......................................................... 1 SECTION 2.02 Collection of Series 200 - Lease Payments and Pull Ahead Payments............. 3 SECTION 2.03 Collection and Application of Security Deposits................................ 4
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Administration and Servicing of Lease Assets 
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Related to Administration and Servicing of Lease Assets

  • Administration and Servicing of Mortgage Loans 45 Section 3.01. Master Servicer to Act as Servicer...................................45 Section 3.02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of Subservicers' and Sellers' Obligations.........46

  • Administration and Servicing of Contracts 43 SECTION 3.01

  • ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS Master Servicer to Act as Master Servicer; Administration of the Mortgage Loans; Sub-Servicing Agreements; Outside Serviced Mortgage Loans 175 Section 3.02 Liability of the Master Servicer and the Special Servicer 189 Section 3.03 Collection of Certain Mortgage Loan Payments 189 Section 3.04 Collection of Taxes, Assessments and Similar Items; Escrow Accounts 191

  • Administration and Servicing of the Trust Fund Section 3.01 Master Servicer to Act as Master Servicer; Special

  • Administration and Servicing of Receivables Prior to the Certificate Trust Termination Date, the Receivables shall be serviced as provided in the Pooling and Servicing Agreement, and this ARTICLE III will have no effect. On and after the Certificate Trust Termination Date: