ADMINISTRATION AND SERVICING OF SECURITIZED ASSETS Sample Clauses

ADMINISTRATION AND SERVICING OF SECURITIZED ASSETS. ▇▇▇▇ in the Box to Act as Manager 13 Section 2.2 Accounts 15 Section 2.3 Records 16 Section 2.4 Administrative Duties of Manager 17 Section 2.5 No Offset 18 Section 2.6 Compensation and Expenses 18 Section 2.7 Indemnification 19 Section 2.8 Nonpetition Covenant 21 Section 2.9 Franchisor Consent 21 Section 2.10 Appointment of Sub‑managers 21 Section 2.11 Insurance/Condemnation Proceeds 21 Section 2.12 Permitted Asset Dispositions 22 Section 2.13 Letter of Credit Reimbursement Agreement 22 Section 2.14 Manager Advances 22 Article III Statements and Reports 22 Section 3.1 Reporting by the Manager 22 Section 3.2 Appointment of Independent Auditor 24 Section 3.3 Annual Accountants’ Reports 24 Section 3.4 Available Information 24 Article IV The Manager 25 Section 4.1 Representations and Warranties Concerning the Manager 25 Section 4.2 Existence; Status as Manager 27 Section 4.3 Performance of Obligations 27 Section 4.4 Merger and Resignation 31 Section 4.5 Notice of Certain Events 32 Section 4.6 Capitalization 33 Section 4.7 Maintenance of Separateness 33 Article V Representations, Warranties and Covenants 34 Section 5.1 Representations and Warranties Made in Respect of New Assets 34 Section 5.2 Assets Acquired After the Closing Date 36 Section 5.3 Securitization IP 36 Section 5.4 Required Consent Agreements and Supply Agreements 37 Section 5.5 Allocated Note Amount 37 Section 5.6 Specified Non‑Securitization Debt Cap 37 Section 5.7 Competition 37 Section 5.8 Restrictions on Liens 38 Article VI Manager Termination Events 38 Section 6.1 Manager Termination Events 38 Section 6.2 Manager Termination Event Remedies 40

ADMINISTRATION AND SERVICING OF SECURITIZED ASSETS. SECTION 2.1 Planet Fitness Holdings, LLC to Act as the Manager.