ADMINISTRATION AND SERVICING OF THE Clause Samples
The 'Administration and Servicing of the' clause outlines the responsibilities and procedures for managing and maintaining the subject matter of the agreement, such as a loan, asset, or contract. It typically details who is responsible for day-to-day administration, how records are to be kept, and the standards or protocols to be followed in servicing. This clause ensures that there is a clear framework for ongoing management, reducing the risk of disputes and ensuring that all parties understand their obligations regarding the upkeep and administration of the relevant asset or agreement.
ADMINISTRATION AND SERVICING OF THE. TRUST FUND 3.01. Master Servicer to Act as Master Servicer......................................................50 3.02. Sub-Servicing Agreements Between Master Servicer and Sub-Servicers.............................51 3.03. Successor Sub-Servicers........................................................................52 3.04. Liability of the Master Servicer...............................................................53 3.05. No Contractual Relationship Between Sub-Servicers and Trustee or Certificateholders.............................................................................53 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee...............................53 3.07. Collection of Certain Mortgage Loan Payments...................................................54 3.08. Sub-Servicing Accounts.........................................................................55 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts.........................56 3.10.
ADMINISTRATION AND SERVICING OF THE. MORTGAGE LOANS 3.01. Master Servicer to Act as Master Servicer......................................................64 3.02. Sub-Servicing Agreements Between Master Servicer and Sub-Servicers.............................65 3.03. Successor Sub-Servicers........................................................................67 3.04. Liability of the Master Servicer...............................................................67 3.05. No Contractual Relationship Between Sub-Servicers and Trustee or Certificateholders.............................................................................67 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee...............................68 3.07. Collection of Certain Mortgage Loan Payments...................................................68 3.08. Sub-Servicing Accounts.........................................................................69 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts.........................69 3.10. Collection Account and Distribution Account....................................................70 3.11. Withdrawals from the Collection Account and Distribution Account...............................72 Section Page ------- ----
ADMINISTRATION AND SERVICING OF THE. TRUST FUND 62
ADMINISTRATION AND SERVICING OF THE. TRUST FUND 3.01. Master Servicer to Act as Master Servicer........................... 40 3.02. Sub-Servicing Agreements Between Master Servicer and Sub-Servicer........................................................ 41 SECTION PAGE
ADMINISTRATION AND SERVICING OF THE. MORTGAGE LOANS 3.01. Master Servicer to Act as Master Servicer..............................62 3.02. [Reserved].............................................................63 3.03.
ADMINISTRATION AND SERVICING OF THE. TRUST FUND
3.01. Servicing and Administration of the Mortgage Loans ............... 60 3.02. Collection of Mortgage Loan Payments ............................. 61 3.03. Collection of Taxes, Assessments and Similar Items; Servicing Accounts ......................................................... 61 3.04. Certificate Account .............................................. 63 3.05. Permitted Withdrawals From the Certificate Account and the Distribution Account ............................................. 66 3.06. Investment of Funds in the Certificate Account and the Distribution Account .......................................................... 69 3.07. Maintenance of Insurance Policies; Errors and Omissions and Fidelity Coverage ......................................................... 71 3.08.
ADMINISTRATION AND SERVICING OF THE. LOANS Section 4.01 Duties of the Servicer.............................................................................69 Section 4.02 Collection of Certain Loan Payments................................................................71 Section 4.03 Subservicing Agreements Between Servicer and Subservicers..........................................71 Section 4.04
ADMINISTRATION AND SERVICING OF THE. TRUST FUND Section 3.01. Administration and Servicing of Mortgage Loans.................................................56 Section 3.02 REMIC-Related Covenants........................................................................57 Section 3.03
ADMINISTRATION AND SERVICING OF THE. TRUST PROPERTY Section 3.1 Duties of the Servicer........................................