RETENTION AND AUTHORITY OF SERVICER Clause Samples

RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard 30 Section 2.02 Subservicing 32 Section 2.03 Authority of the Servicer or the Special Servicer 34 Section 2.04 Certain Calculations 35 Section 3.01 Servicing; Special Servicing 35 Section 3.02 Escrow Accounts; Collection of Taxes, Assessments and Similar Items 37 Section 3.03 Collection Account 38 Section 3.04 Permitted Investments 40 Section 3.05 Maintenance of Insurance Policies 41 Section 3.06 Delivery and Possession of Servicing Files 42 Section 3.07 Inspections; Financial Statements 42 Section 3.08 Exercise of Remedies upon Mortgage Loan Defaults 43
RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard 28 Section 2.02 Subservicing 30 Section 2.03 Authority of the Servicer or the Special Servicer 32 Section 2.04 Certain Calculations 33 Section 3.01 Servicing; Special Servicing 34 Section 3.02 Escrow Accounts; Collection of Taxes, Assessments and Similar Items 37 Section 3.03 Collection Account and Participated Loan Collection Account 38 Section 3.04 Permitted Investments 41 Section 3.05 Maintenance of Insurance Policies 42 Section 3.06 Delivery and Possession of Servicing Files 44 Section 3.07 Inspections; Financial Statements 44 Section 3.08 Exercise of Remedies upon Serviced Commercial Real Estate Loan Defaults 45
RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement, Servicing Standard 5 Section 2.02 Delegation to Property Managers 5 Section 2.03 Authority of the Servicer 6 Section 3.01 Services to be performed by Servicer 6 Section 3.02 Specific Duties of Property Managers; Servicer Notifications to Owner 9 Section 3.03 Approval of Contracts 11 Section 3.04 Records 11 Section 3.05 Mortgaged Properties to be Serviced by Servicer 11 Section 3.06 General Purpose Account 12
RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement, Servicing Standard. 6 Section 2.02 Subservicing. 6 Section 2.03 Authority of the Servicer. 7 Section 3.01 Services as Loan Servicer. 8 Section 3.02 Escrow Accounts; Collection of Taxes, Assessments and Similar Items 10 Section 3.03 Remittances to Collection Account. 11 Section 3.04 Permitted Investments. 11 Section 3.05 Maintenance of Insurance Policies. 12 Section 3.06 Delivery and Possession of Servicing Files. 12 Section 3.07 “Due-on-Sale” Clauses; Assumption Agreements; Payoffs. 13 Section 3.08 Actions Upon a Material Default on a Mortgage Loan. 13 Section 3.09 Modifications, Waivers, Amendments and Consents. 13 Section 3.10 Realization Upon Defaulted Mortgage Loans; Servicing of REO Properties. 14 Section 4.01 Reporting by the Servicer; Legal Documentation. 14 Section 5.01 Servicing Compensation. 15 Section 5.02 Servicing Expenses. 15
RETENTION AND AUTHORITY OF SERVICER. Section 2.01. Engagement; Servicing Standard 6 Section 2.02. Subservicing 6 Section 2.03. Authority of the Servicer 6 ARTICLE III SERVICES TO BE PERFORMED Section 3.01. Services as Investment Servicer 8 Section 3.02. Escrow Accounts; Collection of Taxes, Assessments and Similar Items 9 Section 3.03. Owner Collection Accounts 9 Section 3.04. Permitted Investments 10 Section 3.05. Maintenance of Insurance Policies 11 Section 3.06. Delivery and Possession of Servicing Files 11 Section 3.07. Inspections 12
RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard. Section 2.02 Subservicing. Section 2.03 Authority of the Servicer.
RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard 28 Section 2.02 Sub-servicing 30 Section 2.03 Authority of the Servicer or the Special Servicer 32 Section 2.04 Certain Calculations 34 Section 3.01 Servicing; Special Servicing 34 Section 3.02 Escrow Accounts; Collection of Taxes, Assessments and Similar Items 37 Section 3.03 Collection Account 38 Section 3.04 Eligible Investments 40 Section 3.05 Maintenance of Insurance Policies 41 Section 3.06 Delivery and Possession of Servicing Files 42 Section 3.07 Inspections; Financial Statements 43 Section 3.08 Exercise of Remedies upon Commercial Real Estate Loan Defaults 43
RETENTION AND AUTHORITY OF SERVICER. Section 2.01 Engagement; Servicing Standard............................... 6 Section 2.02 Subservicing................................................. 7 Section 2.03 Authority of the Servicer.................................... 8 ARTICLE III. SERVICES TO BE PERFORMED
RETENTION AND AUTHORITY OF SERVICER 

Related to RETENTION AND AUTHORITY OF SERVICER

  • Organization and Authority of Seller Each of SED and Seller is a corporation duly organized, validly existing and in good standing under the Laws of Singapore. Each of SED and Seller has full corporate power and authority to enter into this Agreement and the Ancillary Documents to which Seller is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by each of SED and Seller of this Agreement and the Ancillary Documents to which it is a party, the performance by each of SED and Seller of its obligations hereunder and thereunder, and the consummation by each of SED and Seller of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of SED or Seller, as the case may be. This Agreement has been duly executed and delivered by each of SED and Seller, and (assuming due authorization, execution and delivery by the other Parties hereto) this Agreement constitutes a legal, valid and binding obligation of each of SED and Seller enforceable against it in accordance with its terms. When each other Ancillary Documents to which each of SED and Seller is a party has been duly executed and delivered by it (assuming due authorization, execution and delivery by each other Party thereto), such Ancillary Document will constitute a legal and binding obligation of Seller enforceable against it in accordance with its terms.

  • Due Organization and Authority The Servicer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all licenses necessary to carry on its business as now being conducted and is licensed, qualified and in good standing in each state where a Mortgaged Property is located if the laws of such state require licensing or qualification in order to conduct business of the type conducted by the Servicer, and in any event the Servicer is in compliance with the laws of any such state to the extent necessary to ensure the enforceability of the terms of this Agreement; the Servicer has the full power and authority to execute and deliver this Agreement and to perform in accordance herewith; the execution, delivery and performance of this Agreement (including all instruments of transfer to be delivered pursuant to this Agreement) by the Servicer and the consummation of the transactions contemplated hereby have been duly and validly authorized; this Agreement evidences the valid, binding and enforceable obligation of the Servicer and all requisite action has been taken by the Servicer to make this Agreement valid and binding upon the Servicer in accordance with its terms;