Affirmative Covenants of the SPV and Master Servicer Sample Clauses
The "Affirmative Covenants of the SPV and Master Servicer" clause sets out specific actions and obligations that the Special Purpose Vehicle (SPV) and the Master Servicer are required to perform under an agreement. These covenants typically include duties such as maintaining proper records, complying with applicable laws, providing regular reports to stakeholders, and ensuring the continued operation of the underlying assets or receivables. For example, the SPV may be required to keep its corporate status in good standing, while the Master Servicer might need to service loans in accordance with industry standards. The core function of this clause is to ensure ongoing compliance and operational integrity, thereby protecting the interests of investors and other parties involved in the transaction.
Affirmative Covenants of the SPV and Master Servicer. At all times from the date hereof to the Final Payout Date, unless the Majority Investors shall otherwise consent in writing:
Affirmative Covenants of the SPV and Master Servicer. 45 Section 6.2 . Negative Covenants of the SPV and Master Servicer 51 ARTICLE VII ADMINISTRATION AND COLLECTIONS 54 Section 7.1 . Appointment of Master Servicer 54 Section 7.2 . Duties of Master Servicer 55 Section 7.3 . Blocked Account Arrangements 56