Common use of SECTION Covenants of the Master Servicer Clause in Contracts

SECTION Covenants of the Master Servicer. The Master Servicer hereby agrees that: (a) it shall observe each and all of its covenants (both affirmative and negative) contained in each Pooling and Servicing Agreement and the Certificate Purchase Agreement in all material respects; (b) it shall deliver to the Agent on each Business Day a Daily Report, at the times specified and in accordance with the provisions of Section 4.2 of the Servicing Agreement; (c) it shall deliver to the Agent and (b) it shall deliver to each VFC Certificateholder which is an Eligible Certificateholder by 11:00 a.m. (New York City time) on the Determination Date or Funding Period Determination Date prior to each Settlement Date or Funding Period Settlement Date, a Monthly Settlement Statement or Funding Period Settlement Statement, as applicable;