Administration and Servicing of Contracts Sample Clauses
The 'Administration and Servicing of Contracts' clause defines the responsibilities and procedures for managing and maintaining the contract throughout its duration. It typically outlines which party is responsible for tasks such as record-keeping, reporting, communication, and handling amendments or renewals. For example, it may specify how notices should be delivered or how performance under the contract is to be monitored. The core function of this clause is to ensure that both parties understand their ongoing obligations and that the contract is properly managed, reducing the risk of misunderstandings or disputes during its execution.
Administration and Servicing of Contracts. 43 SECTION 3.01
Administration and Servicing of Contracts. 34 Section 4.01 Responsibility for Contract Administration and Servicing................... 34 Section 4.02 Standard of Care........................................................... 34 Section 4.03 Records.................................................................... 34 Section 4.04 Inspection................................................................. 35 Section 4.05 Establishment of and Deposits in Certificate Account....................... 35 Section 4.06 Payment of Taxes........................................................... 36 Section 4.07 Enforcement................................................................ 36 Section 4.08 Transfer of Certificate Account............................................ 37 TABLE OF CONTENTS (continued)
Administration and Servicing of Contracts. Section 6.01 [Reserved].
Administration and Servicing of Contracts. 43 Section 4.01 Responsibility for Contract Administration and Servicing......................... 43 Section 4.02 Standard of Care................................................................. 44 Section 4.03 Records.......................................................................... 44 Section 4.04 Inspection....................................................................... 44 Section 4.05 Establishment of and Deposits in Certificate Account............................. 44 Section 4.06 Payment of Taxes................................................................. 45 -i- TABLE OF CONTENTS (continued) Page Section 4.07 Enforcement..................................................................... 46 Section 4.08 Transfer of Certificate Account................................................. 47 Section 4.09 Maintenance of Hazard Insurance Policies........................................ 47 Section 4.10 Fidelity Bond and Errors and Omissions Insurance................................ 48 Section 4.11 Collections under Hazard Insurance Policies, Consent to Transfers of Manufactured Homes, Assumption Agreements.......................................... 49 Section 4.12 Realization upon Defaulted Contracts............................................ 49 Section 4.13 Costs and Expenses.............................................................. 50 Section 4.14 Trustee to Cooperate............................................................ 50 Section 4.15 Servicing and Other Compensation................................................ 50 Section 4.16 Custody of Contracts............................................................ 51
Administration and Servicing of Contracts. Section 11.01 Appointment and Designation of the Servicer 131 Section 11.02 Duties of the Servicer 132 Section 11.03 Authorization of the Servicer 135 Section 11.04 Collection Efforts, Modification of Collateral 135
Administration and Servicing of Contracts. 45 SECTION 4.01. Responsibility for Contract Administration and Servicing.....................45 SECTION 4.02. Standard of Care.............................................................45 SECTION 4.03. Records......................................................................45 SECTION 4.04. Inspection...................................................................46 SECTION 4.05. Establishment of and Deposits in Certificate Accounts........................46 SECTION 4.06. Payment of Taxes.............................................................47 SECTION 4.07. Enforcement..................................................................47 SECTION 4.08. Transfer of Certificate Account..............................................48 SECTION 4.09. Maintenance of Hazard Insurance Policies.....................................48 SECTION 4.10. Fidelity Bond and Errors and Omissions Insurance.............................50
Administration and Servicing of Contracts. Section 6.01 Appointment and Designation of the Servicer 125130 Section 6.02 Duties of the Servicer 127132 Section 6.03 Authorization of the Servicer 129133 Section 6.04 Collection of Payments; Accounts 130134
Administration and Servicing of Contracts. Section 6.1 Appointment and Acceptance; Duties...................................................... 49 Section 6.2
Administration and Servicing of Contracts. Section 11.01 Appointment and Designation of the Servicer 131 Section 11.02 Duties of the Servicer 132 Section 11.03 Authorization of the Servicer 135 Section 11.04 Collection Efforts, Modification of Collateral 135 Section 11.05 Servicer Compensation and Expenses 136 Section 11.06 The Servicer Not to Resign 136 Section 12.01 Authorization and Action 136 Section 12.02 Delegation of Duties 137 Section 12.03 Agents’ Reliance, Etc. 138 Section 12.04 Indemnification 140 Section 12.05 Successor Agents 140 Section 12.06 The Collateral Agent 141
Administration and Servicing of Contracts. Section 6.01 Appointment and Designation of the Servicer 141142