THE COMPANY AND THE SERVICER Sample Clauses
This clause defines the relationship and respective roles between the company and the servicer within the agreement. It typically outlines the responsibilities, authority, and obligations of each party, such as the company's oversight role and the servicer's duty to perform specific services or manage certain assets. By clearly delineating these roles, the clause helps prevent misunderstandings and ensures that both parties are aware of their duties, thereby promoting effective collaboration and accountability.
THE COMPANY AND THE SERVICER. 92 Section 6.01. Respective Liabilities of the Company and the Servicer...........92 Section 6.02. Merger or Consolidation of the Company or the Servicer; Assignment of Rights and Delegation of Duties by Servicer........92 Section 6.03. Limitation on Liability of the Company, the Servicer and Others...........................................................93 Section 6.04. Company and Servicer Not to Resign...............................94 ARTICLE VII DEFAULT..................................................................94
THE COMPANY AND THE SERVICER. 90 Section 6.01. Respective Liabilities of the Company and the Servicer...........90
THE COMPANY AND THE SERVICER. 89 Section 6.01. Respective Liabilities of the Company and the Servicer...........89 Section 6.02. Merger or Consolidation of the Company or the Servicer; Assignment of Rights and Delegation of Duties by Servicer........89
THE COMPANY AND THE SERVICER. Section 6.01. Liability of the Company and the Servicer...............56 Section 6.02. The Company's Representations and Warranties..........
THE COMPANY AND THE SERVICER. Section 6.01.Liability of the Company and the Servicer 162 Section 6.02.Merger or Consolidation of the Company or the Servicer 162 Section 6.03.Limitation on Liability of the Company, the Servicer and Others 162 Section 6.04.Neither the Company nor the Servicer May Resign 163 Section 6.05.Trustee Access. 163 Section ▇.▇▇.▇▇▇▇▇▇ of Default 164 Section 7.02.Trustee to Act; Appointment of Successor 167 Section 7.03.Notification to Certificateholders 169 Section 8.01.Duties of Trustees 169 Section 8.02.Certain Matters Affecting the Trustees 170 Section 8.03.Trustees Not Liable for Certificates or Mortgage Loans 172 Section 8.04.Trustees May Own Certificates 172 Section 8.05.The Servicer to Pay Trustees’ Fees and Expenses 172 Section 8.06.Eligibility Requirements for Trustees 172 Section 8.07.Resignation and Removal of Trustees 173 Section 8.08.Successor Trustee 174 Section 8.09.Merger or Consolidation of Trustee 174 Section 8.10.Appointment of Co-Trustee or Separate Trustee 174 Section 8.11.Authenticating Agents 175 Section 8.12.Paying Agents 176 Section 8.13.Duties of Delaware Trustee 177 Section 8.14.Amendment to Certificate of Trust 177 Section 8.15.[Reserved.] 177 Section 8.16.Trustees Act on Behalf of Trust 177 Section 8.17.Limitation of Liability 178 Section 8.18.Trustee Report on Assessment of Compliance with Servicing Criteria 178
THE COMPANY AND THE SERVICER. 72 Section 6.01. Liability of the Company and the Servicer . . . . . . . . . . . . . . . 72 Section 6.02. The Company's Representations and Warranties . . . . . . . . . . . . . 72 Section 6.03. Representations, Warranties and Covenants of the Servicer . . . . . . . 74 Section 6.04. Corporate Existence . . . . . . . . . . . . . . . . . . . . . . . . . . 76 Section 6.05. Limitation on Liability of the Company, the Servicer and Others . . . . 76 Section 6.06.
THE COMPANY AND THE SERVICER. Section 6.01...
THE COMPANY AND THE SERVICER. Section 6.01. Respective Liabilities of the Company and the Servicer. The Company and the Servicer shall each be liable in accordance herewith only to the extent of the obligations specifically and respectively imposed upon and undertaken by the Company and the Servicer herein. By way of illustration and not limitation, the Company is not liable for the servicing and administration of the Mortgage Loans, nor is it obligated by Section 7.01 or Section 10.01 to assume any obligations of the Servicer or to appoint a designee to assume such obligations, nor is it liable for any other obligation hereunder that it may, but is not obligated to, assume unless it elects to assume such obligation in accordance herewith.
Section 6.02. Merger or Consolidation of the Company or the Servicer; Assignment of Rights and
THE COMPANY AND THE SERVICER