Allocation of Servicer Responsibilities Sample Clauses

The Allocation of Servicer Responsibilities clause defines how duties and obligations are divided among different parties responsible for servicing a contract or asset. It typically outlines which party is responsible for specific tasks such as collecting payments, managing accounts, or handling customer communications. By clearly delineating these responsibilities, the clause helps prevent confusion or overlap, ensuring efficient management and reducing the risk of disputes between parties.
Allocation of Servicer Responsibilities. (a) Tracking of purchases, Collections and other transactions pertaining to each Batch shall be administered by the Master Servicer in a manner consistent with the terms of this Agreement. The responsibilities of the Providers and Primary Servicer are set forth in Exhibit X attached hereto. Each Provider shall cooperate fully with the Primary Servicer and the Master Servicer in establishing and maintaining the Transmission of the Receivable Information, including, without limitation, the matters described in Exhibit X, and shall provide promptly to the Master Servicer such other information necessary or desirable for the administration of Collections on the Batch Receivables as may be requested from time to time. (1) The Purchaser hereby appoints ATC Healthcare as its agent for the administration and servicing obligations set forth in Exhibit VIII hereto with respect to the Receivables sold or transferred by the Providers to the Purchaser hereunder (the "PRIMARY SERVICER RESPONSIBILITIES"), and ATC Healthcare hereby accepts such appointment and agrees to perform the Primary Servicer Responsibilities on behalf of the Providers and ATC Staffing hereby consents to such appointment; provided, however, that such appointment shall not release any Provider from any of its duties, responsibilities, liabilities and obligations resulting or arising hereunder. Each Provider and the Purchaser hereby acknowledges that ATC Healthcare's appointment as Primary Servicer is expressly limited by and subject to Healthco-4's right under the Loan Agreement to replace the Purchaser or its agent as the
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Allocation of Servicer Responsibilities. (a) Tracking of Collections and other transactions pertaining to the Receivables shall be administered by the Program Manager in a manner consistent with the terms of this Agreement, including, without limitation, Exhibit X hereto. The responsibilities of the Borrowers to the Program Manager have been set forth in Exhibits XII and XIII hereto. Subject to clause (b) of this Section 3.04, the Authorized Representative and the Borrowers shall establish and maintain the Transmission of the Receivable Information to the Program Manager, including, without limitation, the matters described in Exhibits XII and XIII, and shall provide promptly to the Program Manager such other information as the Lender or the Program Manager may request from time to time. (b) Within 60 days of the Closing Date, the Authorized Representative, DMS, DSC, MLI and QO shall establish and maintain the Transmission of Receivable Information with respect to DMS, DSC, MLI and QO, including, without limitation, the matters described in Exhibits XII and XIII, provided that, if the Authorized Representative, DMS, MLI, DSC and QO continue to use best efforts to establish such Transmissions, have established such Transmissions within 90 days of the Closing Date, and such Transmissions are being maintained, the requirements of this Section 3.04(b) shall be deemed satisfied. (c) The Authorized Representative hereby agrees to perform the administration and servicing obligations set forth in Exhibit XII hereto with respect to the Receivables (the "Primary Servicing Responsibilities"). The Lender may, at any time during the continuance of an Event of Default (and shall, without requirement of notice to any party, upon an Event of Default resulting from the events described in clauses (h) or (k) of Exhibit V hereto) appoint another Person to succeed the Authorized Representative in the performance of the Primary Servicing Responsibilities (which replacement shall be effectuated through the outplacement to a recognized third-party collection firm obligated to use commercially reasonable efforts to maximize collections in accordance with the provisions of Article 9 of the UCC). (d) The members of the Lender Group, each Borrower and each Subsidiary of the Borrowers shall comply with the requirements of Exhibit XVII, to the extent that such Exhibit XVII is effective pursuant to the terms thereof.
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Allocation of Servicer Responsibilities. (a) Tracking of purchases, Collections and other transactions pertaining to each Transferred Batch shall be administered by the Master Servicer in a manner consistent with the terms of this Agreement. The responsibilities of the Provider to the Master Servicer have been set forth in Exhibit X attached hereto. The Provider shall cooperate fully with the Master Servicer in establishing and maintaining the Transmission of the Receivable Information, including, without limitation, the matters described in Exhibit X, and shall
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Allocation of Servicer Responsibilities. (a) Tracking of Collections and other transactions pertaining to the Receivables shall be administered by the Master Servicer in a manner consistent with the terms of this Agreement. The responsibilities of the Borrowers to the Master Servicer are set forth in Exhibits XII and XIV attached hereto. The Borrower Representative and the Borrowers shall establish and maintain the Transmission of the Receivable Information, including, without limitation, the matters described in Exhibits XII and XIV, and shall provide promptly to the Master Servicer such other information necessary or desirable for the administration of Collections on the Receivables as may be requested from time to time. (b) The Borrower Representative hereby agrees to perform the administration and servicing obligations set forth in Exhibit XII hereto with respect to the Receivables (the "Primary Servicer Responsibilities"). The Lenders may, at any time following the occurrence of a Servicer Termination Event (and shall, without requirement of notice to any party, upon a Servicer Termination Event resulting from the events described in clauses (f) or (n) of Exhibit V hereto) appoint another Person to succeed Borrower Representative in the performance of the Primary Servicer Responsibilities (which appointment may be effectuated through the outplacement to a qualified and experienced third-party of all back office duties, including billing, collection and processing responsibilities, and access to all personnel, hardware and software utilized in connection with such responsibilities).
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Allocation of Servicer Responsibilities. (a) Tracking of purchases, Collections and other transactions pertaining to each Transferred Batch shall be administered by the Master Servicer in a manner consistent with the terms of this Agreement. The responsibilities of the Providers to the Master Servicer have been set forth in Exhibit X attached hereto. The Providers shall cooperate fully with the Master Servicer in establishing and maintaining the Transmission of the Receivable Information, including, without limitation, the matters described in Exhibit X, and shall provide promptly to the Master Servicer such other information necessary or desirable for the administration of Collections on the Batch Receivables as may be requested from time to time.
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Related to Allocation of Servicer Responsibilities

  • Allocation of Responsibilities The persons responsible for the Plan and the duties and responsibilities allocated to each are as follows:

  • Employer Responsibilities Recognizing the inherent risk(s) in a correctional setting, the Employer is obligated to provide a safe workplace and to educate employees on proper safety procedures and use of protective and safety equipment. The Employer is committed to responding to legitimate safety concerns raised by the Union and employees. The Employer will comply with federal and state safety standards, including requirements relating to first aid training, first aid equipment and the use of protective devices and equipment.

  • Provider Responsibilities The Private Child-Caring Facility (PCC) (a.k.a., Provider) must comply with the following requirements:

  • Allocation of Responsibility The City assumes no responsibility for the tax consequences of any VEBA contributions made by or on behalf of any member. Each union that elects to require VEBA contributions for the benefit of its members assumes sole responsibility for insuring that the VEBA complies with all applicable laws, including, without limitation, the Internal Revenue Code, and agrees to indemnify and hold the City harmless for any taxes, penalties and any other costs and expenses resulting from such contributions.

  • Buyer Responsibilities Buyer will: (a) promptly perform its obligations identified in the applicable Proposal or Order; (b) promptly provide all information reasonably required or useful for performance of the Service, including completion of the Order, prior to commencement of the Services; (c) designate a business contact and a technical contact to coordinate Buyer’s personnel and act as a liaison; (d) seek all consents and permits and provide all notices required in connection with the completion of the Services; and (e) provide Honeywell with prompt access to Buyer’s systems and premises as set forth in Section 12(c) (Working Hours for Services) to the extent necessary during the performance of the Services. If Buyer fails to perform any of Buyer’s obligations, Honeywell will: (i) be excused from failure to perform any of Honeywell’s affected obligations under this Agreement; (ii) be entitled to a reasonable extension of time, and a reasonable reimbursement of additional costs or fees incurred as a result of the same; and (iii) not be responsible for any liability arising from such failure. Honeywell is not responsible or liable for any problems, unavailability, delay or security incidents arising from or related to: (A) conditions or events reasonably outside of Honeywell’s control; (B) cyberattack; (C) public internet and communications networks; (D) data, software, hardware, services, telecommunications, infrastructure or networking equipment not provided by Honeywell, or acts or omissions of third parties Buyer retains; (E) Buyer’s and/or Buyer’s users’ negligence or failure to use the latest version or follow Documentation; (F) modifications or alterations not made by Honeywell; (G) loss or corruption of data; (H) unauthorized access via Buyer’s credentials; or (I) Buyer’s failure to use commercially reasonable administrative, physical and technical safeguards to protect Buyer’s systems or data or follow industry-standard security practices.