Covenants of each Servicer Clause Samples

The "Covenants of each Servicer" clause sets out the ongoing promises and obligations that each servicer must uphold throughout the duration of an agreement. Typically, these covenants require servicers to perform their duties diligently, maintain accurate records, comply with applicable laws, and promptly notify other parties of any significant issues. By clearly outlining these responsibilities, the clause ensures consistent service standards and helps prevent disputes or lapses in performance, thereby protecting the interests of all parties involved.
Covenants of each Servicer. Each respective Servicer hereby covenants to the Depositor and the Trustee that no written information, certificate of an officer, statement furnished in writing or written report prepared by such Servicer and delivered to the Depositor, any affiliate of the Depositor or the Trustee and prepared by such Servicer pursuant to this Agreement will contain any untrue statement of a material fact.
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Covenants of each Servicer. Each Servicer hereby covenants to the Depositor and the Trustee as follows: (a) Such Servicer shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the insurer under each Primary Insurance Policy; and (b) No written information, certificate of an officer, statement furnished in writing or written report delivered to the Depositor, any affiliate of the Depositor or the Trustee and prepared by such Servicer pursuant to this Agreement will contain any untrue statement of a material fact.
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Covenants of each Servicer. Each Servicer hereby covenants to the Depositor and the Trustee for itself only as follows: (a) each Servicer shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the insurer under each Required Insurance Policy; and (b) no written information, certificate of an officer, statement furnished in writing or written report delivered to the Depositor, any affiliate of the Depositor or the Trustee and prepared by such Servicer pursuant to this Agreement will contain any untrue statement of a material fact or omit to state a material fact necessary to make such information, certificate, statement or report not misleading.
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Covenants of each Servicer. IndyMac shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the Credit Insurance Provider as set forth in the Credit Insurance Policy. Each respective Servicer hereby covenants to the Depositor and the Trustee that no written information, certificate of an officer, statement furnished in writing or written report prepared by such Servicer and delivered to the Depositor, any affiliate of the Depositor or the Trustee and prepared by such Servicer pursuant to this Agreement will contain any untrue statement of a material fact.
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Related to Covenants of each Servicer

  • Covenants of Servicer Unless required by law or court order, the Servicer will not release the Financed Vehicle securing any Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would not attempt to collect in accordance with its Customary Servicing Practices, (ii) in connection with repossession or (iii) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle.

  • Covenants of the Servicer At all times from the Closing Date until the Final Payout Date:

  • COVENANTS OF ICANN ICANN covenants and agrees with Registry Operator as follows:

  • Covenants of the Master Servicer The Master Servicer hereby covenants to the Depositor and the Trustee as follows: (a) the Master Servicer shall comply in the performance of its obligations under this Agreement with all reasonable rules and requirements of the insurer under each Required Insurance Policy; and (b) no written information, certificate of an officer, statement furnished in writing or written report delivered to the Depositor, any affiliate of the Depositor or the Trustee and prepared by the Master Servicer pursuant to this Agreement will contain any untrue statement of a material fact or omit to state a material fact necessary to make such information, certificate, statement or report not misleading.

  • COVENANTS OF LESSEE Lessee hereby covenants and agrees with Lessor as follows: