Common use of Other Matters Relating to the Servicer Clause in Contracts

Other Matters Relating to the Servicer. The Servicer is ----------------------------------------- hereby authorized and empowered (a) to make withdrawals from time to time from the Collection Account when specifically permitted pursuant to the terms of Section 7.06 and the Collection Account Agreement, but only to the extent that ------------ the Deal Agent has not otherwise instructed the Collection Account Bank in accordance with the terms hereof and of the Collection Account Agreement, (b) to advise the Deal Agent in connection with the amount of permitted withdrawals from the Collection Account and the Spread Account in accordance with the provisions hereof, (c) to the extent permitted pursuant to the other terms and conditions of this Agreement, to execute and deliver, on behalf of the Borrower, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Pledged Contracts and, after the delinquency of any Pledged Contract and to the extent permitted under and in compliance with applicable law and regulations, to commence enforcement proceedings with respect to such Pledged Contract including, without limitation, the exercise of rights under any power-of-attorney granted in any Pledged Contract and (d) to make any filings, reports, notices, applications, registrations with, and to seek any authorization from the Securities and Exchange Commission and any state securities authority on behalf of the Borrower as may be necessary or advisable to comply with any federal or state securities or reporting requirements laws.

Appears in 1 contract

Sources: Credit Agreement (Fairfield Communities Inc)

Other Matters Relating to the Servicer. The Servicer is ----------------------------------------- -------------------------------------- hereby authorized and empowered (ai) to make withdrawals from time to time from the Collection Account when specifically permitted pursuant to the terms of Section 7.06 and the Collection Account Agreement, but only to the extent that ------------ the Deal Agent has not otherwise instructed the Collection Account Bank in accordance with the terms hereof and of the Collection Account Agreement, (bii) to advise the Deal Agent in connection with the amount of permitted withdrawals from the Collection Account and the Spread Account in accordance with the provisions hereof, (ciii) to the extent permitted pursuant to the other terms and conditions of this Agreement, to execute and deliver, on behalf of the Borrower, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Pledged Contracts and, after the delinquency of any Pledged Contract and to the extent permitted under and in compliance with applicable law and regulations, to commence enforcement proceedings with respect to such Pledged Contract including, without limitation, the exercise of rights under any power-of-attorney granted in any Pledged Contract and (div) to make any filings, reports, notices, applications, registrations with, and to seek any authorization from the Securities and Exchange Commission and any state securities authority on behalf of the Borrower as may be necessary or advisable to comply with any federal or state securities or reporting requirements laws.

Appears in 1 contract

Sources: Credit Agreement (Fairfield Communities Inc)

Other Matters Relating to the Servicer. The Servicer is ----------------------------------------- hereby authorized and empowered empowered (ai) to make withdrawals from time to time from the Collection Account when specifically permitted pursuant to the terms of Section 7.06 and the Collection Account Agreement, but only to the extent that ------------ the Deal Collateral Agent has not otherwise instructed the Collection Account Bank in accordance with the terms hereof and of the Collection Account Agreement, (bii) to advise the Deal Collateral Agent in connection with the amount of permitted withdrawals from the Collection Account and the Spread Account in accordance with the provisions hereof, (ciii) to the extent permitted pursuant to the other terms and conditions of this Agreement, to execute and deliver, on behalf of the Borrower, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Pledged Contracts and, after the delinquency of any Pledged Contract and to the extent permitted under and in compliance with applicable law and regulations, to commence enforcement proceedings with respect to such Pledged Contract including, without limitation, the exercise of rights under any power-power- of-attorney granted in any Pledged Contract and (div) to make any filings, reports, notices, applications, registrations with, and to seek any authorization from the Securities and Exchange Commission and any state securities authority on behalf of the Borrower as may be necessary or advisable to comply with any federal or state securities or reporting requirements laws.

Appears in 1 contract

Sources: Credit Agreement (Fairfield Communities Inc)

Other Matters Relating to the Servicer. The Servicer is ----------------------------------------- hereby authorized and empowered (ai) to make withdrawals from time to time from the Collection Account when specifically permitted pursuant to the terms of Section 7.06 and the Collection Account Agreement, but only to the extent that ------------ the Deal Collateral Agent has not otherwise instructed the Collection Account Bank in accordance with the terms hereof and of the Collection Account Agreement, (bii) to advise the Deal Collateral Agent in connection with the amount of permitted withdrawals from the Collection Account and the Spread Account in accordance with the provisions hereof, (ciii) to the extent permitted pursuant to the other terms and conditions of this Agreement, to execute and deliver, on behalf of the Borrower, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Pledged Contracts Acquired Advances and Loan Documents and, after the delinquency of any Pledged Contract Acquired Advance and to the extent permitted under and in compliance with applicable law and regulations, to commence enforcement proceedings with respect to such Pledged Contract Acquired Advance including, without limitation, the exercise of rights under any power-of-attorney granted in any Pledged Contract Loan Document or other document executed in connection therewith and (div) to make any filings, reports, notices, applications, registrations with, and to seek any authorization from the Securities and Exchange Commission and any state securities authority on behalf of the Borrower as may be necessary or advisable to comply with any federal or state securities or reporting requirements laws.

Appears in 1 contract

Sources: Loan Agreement (Ag Services of America Inc)