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Closed-End Mutual Funds Service Agreement
Closed-End Mutual Funds Service Agreement (31K)
Doc #2141949: Click preview link for longer preview.
CLOSED-END MUTUAL FUNDS SERVICE AGREEMENT
FOR
TRANSFER AGENCY SERVICES
NUVEEN FLOATING RATE FUND
November 2, 1999
CLOSED-END MUTUAL FUNDS SERVICE AGREEMENT
Table of Contents
-----------------
Section Page
------- ----
. . .
2141949
|
 Chase Manhattan
As referenced in this Closed-End Mutual Funds Service Agreement:
CHASE MANHATTAN BANK – attached hereto (the Nuveen Floating Rate Fund and each other fund individually
hereinafter referred to as the "Fund") and organized under the jurisdictions set
forth on Schedule B, and THE CHASE MANHATTAN BANK ("Chase"), a New York banking
corporation.
W I T N E S S E T H:
WHEREAS, Fund is registered as a closed-end management investment
company under the
_____________
Chase Manhattan Bank
– to the other):
7
{PAGE}
If to Fund:
John Nuveen & Co., Incorporated
333 West Wacker Drive
Chicago, IL 60606
Attention: Fund Controller
Fax: (312) 917-8049
If to Chase:
The Chase Manhattan Bank
4 New York Plaza
Nuveen Customer Service, 3rd floor
New York, New York 10004-2413
Attention: Nuveen Relationship Manager
9. Waiver. The failure of a party to insist upon
_____________
CHASE MANHATTAN BANK
– remainder of page intentionally left blank. Next page is signature page]
10
{PAGE}
NUVEEN FLOATING RATE FUND
By: /s/ Alan G. Berkshire
--------------------------
Name: Alan G. Berkshire
------------------------
Title: Vice President
-----------------------
THE CHASE MANHATTAN BANK
By: /s/ E.J. VanValen
--------------------------
Name: E.J. VanValen
------------------------
Title: CEO & President
-----------------------
11
{/TEXT}
{/DOCUMENT}
_____________
dt 1667033
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Consulting Services Agreement
Consulting Services Agreement (82K)
Doc #1649180: Click preview link for longer preview.
CONSULTING SERVICES AGREEMENT
by and among
WEIDER PUBLICATIONS, LLC
and
OAK PRODUCTIONS, INC.
and
AMERICAN MEDIA, INC.
Dated as of January 1, 2004
Table of Contents
Page
ARTICLE I Definitions
1
Section 1.1
Definitions.
1
ARTICLE II Services to be Provided
8
Section 2.1
Consulting . . .
1649180
|
Chase Manhattan
As referenced in this Consulting Services Agreement:
Chase Manhattan Bank, – SOM Publishing, Inc., Weekly World News, Inc., Country Weekly, Inc., Distribution Services, Inc., Fairview Printing, Inc., NDSI, Inc., Biocide, Inc., American Media Marketing, Inc., and Marketing Services, Inc., and The Chase Manhattan Bank, a New York banking corporation, as trustee.
2.
Indemnity, Subrogation and Contribution Agreement dated as of May 7, 1999, among American Media Operations, Inc., each subsidiary of American Media,
_____________
Chase Manhattan Bank, – 2.
Indemnity, Subrogation and Contribution Agreement dated as of May 7, 1999, among American Media Operations, Inc., each subsidiary of American Media, Inc. listed on Schedule I thereto and The Chase Manhattan Bank, as collateral agent for the Secured Parties (as defined in the Security Agreement).
3.
Pledge Agreement dated as of May 7, 1999, among American Media Operations, Inc., American Media,
_____________
Chase Manhattan Bank, – Security Agreement).
3.
Pledge Agreement dated as of May 7, 1999, among American Media Operations, Inc., American Media, Inc., each subsidiary of Holdings listed on Schedule I thereto and The Chase Manhattan Bank, as collateral agent for the Secured Parties.
4.
Security Agreement dated as of May 7, 1999, among American Media Operations, Inc., American Media, Inc., each subsidiary of Holdings listed
_____________
Chase Manhattan Bank, – Secured Parties.
4.
Security Agreement dated as of May 7, 1999, among American Media Operations, Inc., American Media, Inc., each subsidiary of Holdings listed on Schedule I thereto and The Chase Manhattan Bank, as collateral agent for the Secured Parties (as defined herein).
5.
Credit Agreement dated as of May 7, 1999, as Amended and Restated as of November 1, 1999, among
_____________
Chase Manhattan Bank, – Agreement dated as of May 7, 1999, as Amended and Restated as of November 1, 1999, among American Media, Inc., American Media Operations, Inc., the Lenders party hereto and The Chase Manhattan Bank, as Administrative Agent.
6.
Amendment, dated as of February 11, 2002 to the Credit Agreement, dated as of May 7, 1999, among American Media, Inc., American Media Operations, Inc.,
_____________
dt 1427451
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Information Technology Services Agreement
Information Technology Services Agreement (207K)
Doc #273346: Click preview link for longer preview.
INFORMATION TECHNOLOGY SERVICES AGREEMENT
between
UNITED HEALTHCARE SERVICES, INC.
and
INTERNATIONAL BUSINESS MACHINES CORPORATION
dated as of
February 1, 2003
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
{S} {C}
ARTICLE 1 DEFINITIONS............................................................................... 1
ARTICLE 2 TERM...................................................................................... 7
ARTICLE 3 BASE SERVICES............................................................................. 7
3.01 Generally..................................................................................... 7
3.02 Changes to the Services....................................................................... 8
3.03 Systems Software.............................................................................. 8
3.04 Systems Software Maintenance.................................................................. 8
3.05 Additional Third Party Software............................................................... 8
3.06 New Releases and Versions of the Software..................................................... 9
3.07 Technology Developments....................................................................... 10
3.08 Licenses and Permits.......................................................................... 11
3.09 Changes in Law and Regulations................................................................ 11
3.10 Strategic Plan and Product Standards.......................................................... 11
3.11 Manufacturers' Warranties..................................................................... 12
3.12 Supplies...................................................................................... 12
3.13 Hardware Currency............................................................................. 12
3.14 Changes in Scope of Services.................................................................. 12
3.15 Changes to Base Charges....................................................................... 13
3.16 Software Manuals.............................................................................. 13
3.17 Dedicated Logical Environments................................................................ 14
ARTICLE 4 TRANSITION................................................................................ 14
4.01 Transition Services........................................................................... 14
4.02 Changes to the Transition Schedules........................................................... 14
4.03 Testing Environments.......................................................................... 14
4.04 Transition Acceptance Criteria................................................................ 15
4.05 Location Completion........................................................................... 15
4.06 Transition Completion......................................................................... 15
4.07 Incentive Payment............................................................................. 15
4.08 Incentive Credits............................................................................. 15
4.09 Usage Charges During Transition............................................................... 15
{/TABLE}
-i-
{PAGE}
TABLE OF CONTENTS
(continued)
{TABLE}
{CAPTION}
PAGE
{S} {C}
4.10 Software Conversions.......................................................................... 15
ARTICLE 5 APPLICATION RESOURCES..................................................................... 16
5.01 Application Resources......................................................................... 16
5.02 Application Resource Proposals................................................................ 16
ARTICLE 6 ADDITIONAL SERVICES....................................................................... 17
6.01 Additional Services........................................................................... 17
6.02 Third Party Services.......................................................................... 17
6.03 Acquisition and Divestiture................................................................... 18
ARTICLE 7 CUSTOMER SATISFACTION..................................................................... 19
7.01 Baseline Customer Satisfaction Survey......................................................... 19
7.02 Customer Satisfaction Survey.................................................................. 19
ARTICLE 8 PERFORMANCE STANDARDS..................................................................... 20
8.01 Base Services................................................................................. 20
8.02 New Service Levels............................................................................ 20
8.03 Adjustment of Service Levels.................................................................. 20
8.04 Performance Reports........................................................................... 20
8.05 Root-Cause Analysis........................................................................... 20
ARTICLE 9 BENCHMARKING.............................................................................. 21
ARTICLE 10 SERVICE LOCATIONS......................................................................... 21
10.01 Service Locations............................................................................. 21
10.02 Security Procedures........................................................................... 21
10.03 Security Relating to Competitors.............................................................. 22
10.04 Access to Personnel and Resources............................................................. 22
ARTICLE 11 PROJECT TEAM.............................................................................. 22
11.01 Management Committee.......................................................................... 22
11.02 IBM Project Executive......................................................................... 23
11.03 Key Employees................................................................................. 23
11.04 Project Staff................................................................................. 24
11.05 Facilities and Equipment...................................................................... 24
11.06 Review Meetings............................................................................... 24
11.07 Subcontractors................................................................................ 25
{/TABLE}
-ii-
{PAGE}
TABLE OF CONTENTS
(continued)
{TABLE}
{CAPTION}
PAGE
{S} {C}
11.08 Conduct of IBM Personnel...................................................................... 25
11.09 Non-Competition............................................................................... 26
ARTICLE 12 MANAGEMENT AND CONTROL.................................................................... 26
12.01 Procedures Manual............................................................................. 26
12.02 Change Control Procedures..................................................................... 27
ARTICLE 13 PROPRIETARY RIGHTS........................................................................ 27
13.01 UHS Software.................................................................................. 27
13.02 IBM Proprietary Software...................................................................... 28
13.03 IBM Third Party Software...................................................................... 29
13.04 Software Purchased by IBM on Behalf of UHS.................................................... 29
13.05 UHS Third Party Software...................................................................... 30
13.06 Developed Software............................................................................ 30
13.07 Infringement.................................................................................. 31
13.08 Changes and Upgrades to the Systems........................................................... 31
13.09 Documentation................................................................................. 32
13.10 Cooperation Upon Divestiture.................................................................. 32
ARTICLE 14 REQUIRED CONSENTS......................................................................... 32
ARTICLE 15 UHS RESPONSIBILITIES...................................................................... 33
ARTICLE 16 REPORTS AND DATA.......................................................................... 33
16.01 Ownership of UHS Data......................................................................... 33
16.02 Correction of Errors.......................................................................... 34
16.03 Return of Data................................................................................ 34
16.04 Reports and Raw Data.......................................................................... 34
16.05 Re-Runs....................................................................................... 35
ARTICLE 17 CONTINUED PROVISION OF SERVICES........................................................... 35
17.01 Disaster Recovery............................................................................. 35
17.02 Force Majeure................................................................................. 36
17.03 Allocation of Resources....................................................................... 38
ARTICLE 18 PAYMENTS.................................................................................. 38
18.01 Base Charges.................................................................................. 38
18.02 Additional Charges............................................................................ 38
{/TABLE}
-iii-
{PAGE}
TABLE OF CONTENTS
(continued)
{TABLE}
{CAPTION}
PAGE
{S} {C}
18.03 Rights of Set off............................................................................. 38
18.04 Expenses...................................................................................... 38
18.05 Unused Credits................................................................................ 39
18.06 Adjustment to Charges......................................................................... 39
18.07 Proration..................................................................................... 39
18.08 ***........................................................................................... 39
18.09 Technology Improvements....................................................................... 40
ARTICLE 19 PAYMENT SCHEDULE.......................................................................... 40
19.01 Charges....................................................................................... 40
19.02 Detailed Invoices............................................................................. 41
19.03 Time of Payment............................................................................... 41
19.04 Disputed Charges or Credits................................................................... 41
ARTICLE 20 TAXES..................................................................................... 42
ARTICLE 21 AUDITS.................................................................................... 44
21.01 Processing.................................................................................... 44
21.02 Charges....................................................................................... 44
21.03 Unauthorized Access........................................................................... 45
21.04 Record Retention.............................................................................. 46
21.05 Access and Reports............................................................................ 46
21.06 Audit Software................................................................................ 46
21.07 Facilities.................................................................................... 47
21.08 Third Party Audit............................................................................. 47
ARTICLE 22 CONFIDENTIALITY........................................................................... 47
22.01 Confidential Information...................................................................... 47
22.02 Attorney-Client Privilege..................................................................... 48
22.03 Equitable Relief.............................................................................. 49
22.04 Unauthorized Acts............................................................................. 49
22.05 Legal Action.................................................................................. 50
{/TABLE}
----------------------------------
*** Represents text deleted pursuant to a confidentiality request filed with
the Securities and Exchange Commission pursuant to Rule 24b-2 under the
Securities Exchange Act of 1934, as amended.
-iv-
{PAGE}
TABLE OF CONTENTS
(continued)
{TABLE}
{CAPTION}
PAGE
{S} {C}
ARTICLE 23 REPRESENTATIONS, WARRANTIES AND COVENANTS................................................. 50
23.01 By UHS........................................................................................ 50
23.02 By IBM........................................................................................ 51
23.03 Government Contracts.......................................................................... 51
ARTICLE 24 TERMINATION............................................................................... 52
24.01 Termination for Convenience................................................................... 52
24.02 Termination for Sale of IBM................................................................... 52
24.03 Termination for Sale of UHS................................................................... 52
24.04 Termination for Material Breach............................................................... 53
24.05 Other Terminations............................................................................ 53
ARTICLE 25 TERMINATION CHARGE........................................................................ 53
25.01 Termination for Convenience................................................................... 53
25.02 Termination for Sale of UHS................................................................... 54
25.03 Proration..................................................................................... 54
25.04 No Additional Charges......................................................................... 54
ARTICLE 26 TERMINATION ASSISTANCE.................................................................... 54
ARTICLE 27 EXIT PLAN................................................................................. 55
ARTICLE 28 DISPUTE RESOLUTION........................................................................ 56
28.01 Project Executives............................................................................ 56
28.02 Management Committee.......................................................................... 56
28.03 Senior Management............................................................................. 56
28.04 Judicial Resolution........................................................................... 57
28.05 Continuity of Services........................................................................ 57
ARTICLE 29 INDEMNIFICATION........................................................................... 57
29.01 By UHS........................................................................................ 57
29.02 By IBM........................................................................................ 58
29.03 Indemnification Procedures.................................................................... 59
ARTICLE 30 DAMAGES................................................................................... 59
30.01 Direct Damages................................................................................ 59
30.02 Consequential Damages......................................................................... 61
30.03 Performance Credits........................................................................... 61
{/TABLE}
-v-
{PAGE}
TABLE OF CONTENTS
(continued)
{TABLE}
{CAPTION}
PAGE
{S} {C}
ARTICLE 31 INSURANCE................................................................................. 62
ARTICLE 32 MISCELLANEOUS PROVISIONS.................................................................. 63
32.01 Assignment and Change of Control.............................................................. 63
32.02 Notices....................................................................................... 64
32.03 Counterparts.................................................................................. 65
32.04 Headings...................................................................................... 65
32.05 Relationship.................................................................................. 65
32.06 Consents, Approvals and Requests.............................................................. 65
32.07 Severability.................................................................................. 66
32.08 Waiver........................................................................................ 66
32.09 Publicity..................................................................................... 66
32.10 Entire Agreement.............................................................................. 66
32.11 Amendments.................................................................................... 67
32.12 Governing Law................................................................................. 67
32.13 Survival...................................................................................... 67
32.14 Third Party Beneficiaries..................................................................... 67
32.15 Covenant of Further Assurances................................................................ 67
32.16 Solicitation.................................................................................. 67
32.17 Remedies...................................................................................... 68
{/TABLE}
-vi-
{PAGE}
LIST OF EXHIBITS
{TABLE}
{S} {C}
Exhibit 1 Mainframe Services
Exhibit 1.1: Services
Exhibit 1.2: Service Levels
Exhibit 1.3: Charges
Exhibit 1.4: Software
Exhibit 1.5: Machines
Exhibit 1.6: Standards
Exhibit 1.7: Customer Satisfaction Survey
Exhibit 1.8: Transition
Exhibit 1.9: Mainframe Reports
Exhibit 1.10: Facilities Management
Exhibit 2 Customer Support Services
Exhibit 2.1: Services
Exhibit 2.2: Intentionally Omitted
Exhibit 2.3: Charges
Exhibit 3 Managed Server Farm Services
Exhibit 3.1: Services
Exhibit 3.2: Intentionally Omitted
Exhibit 3.3: Charges
Exhibit 3.5: Machines
Exhibit 4 Network Services
Exhibit 4.1: Services
Exhibit 4.2: Intentionally Omitted
Exhibit 4.3: Charges
{/TABLE}
vii
{PAGE}
{TABLE}
{CAPTION}
Page
----
{S} {C}
Exhibit 4.4: Software
Exhibit 4.5: Machines
Exhibit 5 Universal Server Farm Services
Exhibit 5.1: Services
Exhibit 5.2: Intentionally Omitted
Exhibit 5.3: Charges
Exhibit 6 Benchmarking
Exhibit 7 Service Locations
Exhibit 8 Key Employees
Exhibit 9 UHS Competitors
Exhibit 10 Audit Procedures
Exhibit 11 UHS Expense Policy
Exhibit 12 Subcontractors
Exhibit 13 Termination Assistance Services
Exhibit 14 Strategic Plan
Exhibit 15 Procedures Manual Outline
Exhibit 16 Change Control Procedures
Exhibit 17 Intentionally Omitted
Exhibit 18 Software Management Process
Exhibit 19 Miscellaneous Services
Exhibit 19.1: Miscellaneous Services
Exhibit 19.2: Intentionally Omitted
Exhibit 19.3: Charges
Exhibit 20 IBM Competitors
{/TABLE}
viii
{PAGE}
This INFORMATION TECHNOLOGY SERVICES AGREEMENT, dated as of February 1,
2003, is entered into by and between UNITED HEALTHCARE SERVICES, INC., a
Delaware corporation, and INTERNATIONAL BUSINESS MACHINES CORPORATION, a New
York corporation. Capitalized terms not otherwise defined herein have the
meanings set forth in Article 1.
W I T N E S S E T H:
WHEREAS, the MetraHealth Companies, Inc. and Integrated Systems
Solutions Corporation previously entered into that certain Information
Technology Services Agreement, dated as of November 1, 1995, as amended (the
"Original Agreement"); and
WHEREAS, UHS and IBM, as successors in interest to the MetraHealth
Companies, Inc., and Integrated Systems Solutions Corporation, respectively,
entered into a renegotiation of the Original Agreement to increase the scope of
services provided under the Original Agreement and to document certain other
changes to the Base Services and the relationship between the Parties; and
WHEREAS, UHS and IBM have engaged in extensive negotiations and
discussions that have culminated in the formation of the relationship to provide
information technology services according to Service Levels and according to the
terms and conditions as described in this Agreement; and
WHEREAS, UHS and IBM desire to terminate the Original Agreement,
without cost or penalty to either Party, and enter into this Agreement; and
WHEREAS, UHS and IBM have, prior to the Effective Date, entered into a
number of Additional Services Schedules, which (except as indicated otherwise in
the Agreement) shall be terminated effective as of the Effective Date.
{PAGE}
NOW, THEREFORE, for and in consideration of the agreements of the
Parties set forth below, UHS and IBM agree as follows:
ARTICLE 1 DEFINITIONS
The following defined terms shall have the meanings specified below:
"Additional Charges" shall mean the fees described in an Additional Services
Schedule.
"Additional Services" shall mean those services requested by UHS and provided by
IBM that are outside the scope of the Base Services.
"Additional Services Proposal" shall mean the proposal, submitted by IBM in
response to a Request for Service for the performance of an Additional
Service, containing a description of the scope and functionality of
such Additional Service and an estimate, as may be applicable, of the
computing, communications, human resources, capacity requirements and
charges necessary to develop and implement such Additional Service.
"Additional Services Schedule" shall mean, in the event that UHS elects to have
IBM perform an Additional Service, a written agreement executed by UHS
and IBM.
"Affiliate" shall mean, with respect to a Party, any entity controlling,
controlled by or under common control with such Party. The term
"Control" as used in this Agreement shall mean the legal, beneficial or
equitable ownership, directly or indirectly, of more than 50 percent of
the aggregate of all voting equity interest of such entity.
"Agents" shall mean with respect to a Party, such Party's directors, officers,
employees, agents, subcontractors and other representatives.
"Agreement" shall mean this Information Technology Services Agreement, dated
February 1, 2003, by and between UHS and IBM, and its Exhibits, as may
be amended by the Parties from time to time.
"Applicable DR Plan" shall have the meaning set forth in Section 17.01.
"Application Gigabytes" shall mean the allocated disk space, measured in
gigabytes, that represents UHS' billable portion of the installed DASD
pursuant to Exhibit 1.3.
"Application Hours" shall mean the CPU time, measured in terms of an ES9000-340
processor, that represents UHS' billable portion of CPU consumption
pursuant to Exhibit 1.3.
"Applications Software" shall mean the software identified as "Applications
Software" as set forth in the Exhibits.
"Application Tape Mounts" shall mean the tape mounts that represent UHS'
billable portion of tape mounts pursuant to Exhibit 1.3.
273346
|
Chase Manhattan
As referenced in this Information Technology Services Agreement:
Chase Manhattan Bank, – and IBM shall promptly pay to UHS the amount of the overcharge, plus
interest at the current prime rate, as announced by The Chase Manhattan Bank,
N.A., calculated from the date of receipt by IBM of the overcharged amount until
the date of payment to UHS.
21.
_____________
dt 186304
;
IBM
As referenced in this Information Technology Services Agreement:
INTERNATIONAL BUSINESS MACHINES – c76981exv10.txt
{DESCRIPTION}EX-10 INFORMATION TECHNOLOGY SERVICES AGREEMENT
{TEXT}
{PAGE}
EXHIBIT 10
INFORMATION TECHNOLOGY SERVICES AGREEMENT
between
UNITED HEALTHCARE SERVICES, INC.
and
INTERNATIONAL BUSINESS MACHINES CORPORATION
dated as of
February 1, 2003
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
{S} {C}
ARTICLE 1 DEFINITIONS............................................................................... 1
ARTICLE 2
_____________
IBM – to Competitors.............................................................. 22
10.04 Access to Personnel and Resources............................................................. 22
ARTICLE 11 PROJECT TEAM.............................................................................. 22
11.01 Management Committee.......................................................................... 22
11.02 IBM Project Executive......................................................................... 23
11.03 Key Employees................................................................................. 23
11.04 Project Staff................................................................................. 24
11.05 Facilities and Equipment...................................................................... 24
11.06 Review
_____________
IBM – Review Meetings............................................................................... 24
11.07 Subcontractors................................................................................ 25
{/TABLE}
-ii-
{PAGE}
TABLE OF CONTENTS
(continued)
{TABLE}
{CAPTION}
PAGE
{S} {C}
11.08 Conduct of IBM Personnel...................................................................... 25
11.09 Non-Competition............................................................................... 26
ARTICLE 12 MANAGEMENT AND CONTROL.................................................................... 26
12.01 Procedures Manual............................................................................. 26
12.02 Change Control
_____________
IBM – 12.01 Procedures Manual............................................................................. 26
12.02 Change Control Procedures..................................................................... 27
ARTICLE 13 PROPRIETARY RIGHTS........................................................................ 27
13.01 UHS Software.................................................................................. 27
13.02 IBM Proprietary Software...................................................................... 28
13.03 IBM Third Party Software...................................................................... 29
13.04 Software Purchased by IBM on Behalf of UHS.................................................... 29
13.
_____________
IBM – 02 Change Control Procedures..................................................................... 27
ARTICLE 13 PROPRIETARY RIGHTS........................................................................ 27
13.01 UHS Software.................................................................................. 27
13.02 IBM Proprietary Software...................................................................... 28
13.03 IBM Third Party Software...................................................................... 29
13.04 Software Purchased by IBM on Behalf of UHS.................................................... 29
13.05 UHS Third Party Software...................................................................... 30
_____________
dt 181858
;
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Full Doc
| 2003 |
Loan Certificate and Servicing Agreement [Amended and Restated] [No. 3]
Loan Certificate and Servicing Agreement [Amended and Restated] [No. 3] (550K)
Doc #402253: Click preview link for longer preview.
================================================================================
U.S. $650,000,000
THIRD AMENDED AND RESTATED
LOAN CERTIFICATE AND SERVICING AGREEMENT
by and among
CAPITALSOURCE FUNDING LLC,
as the Seller
-------------
CAPITALSOURCE FINANCE LLC,
as the Originator and as the Servicer
-------------------------------------
VARIABLE FUNDING CAPITAL CORPORATION,
FAIRWAY FINANCE CORPORATION,
EIFFEL FUNDING, LLC,
and
HANNOVER FUNDING COMPANY LLC,
as the Purchasers
-----------------
WACHOVIA SECURITIES, INC.,
as the Administrative Agent and as the VFCC Agent
-------------------------------------------------
BMO NESBITT BURNS CORP.,
as the Fairway Agent
--------------------
CDC FINANCIAL PRODUCTS INC.,
as the Eiffel Agent
-------------------
NORDDEUTSCHE LANDESBANK GIROZENTRALE,
as the Hannover Agent
---------------------
WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION,
as the Backup Servicer and as the Collateral Custodian
------------------------------------------------------
Dated as of February 25, 2003
================================================================================
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
{S} {C}
ARTICLE I DEFINITION............................................................................... 4
Section 1.1 Certain Defined Terms........................................................... 4
Section 1.2 Other Terms..................................................................... 52
Section 1.3 Computation of Time Periods..................................................... 52
Section 1.4 Interpretation.................................................................. 52
ARTICLE II PURCHASE OF THE VARIABLE FUNDING CERTIFICATES............................................ 53
Section 2.1 The Variable Funding Certificates............................................... 53
Section 2.2 Procedures for Advances......................................................... 54
Section 2.3 Reduction of the Facility Amount; Mandatory and Optional Repayments............. 55
Section 2.4 Determination of Interest....................................................... 56
Section 2.5 Percentage Evidenced by each Variable Funding Certificate....................... 57
Section 2.6 Notations on Variable Funding Certificates...................................... 57
Section 2.7 Settlement Procedures During the Revolving Period............................... 57
Section 2.8 Settlement Procedures During the Amortization Period............................ 59
Section 2.9 Collections and Allocations..................................................... 60
Section 2.10 Payments, Computations, Etc..................................................... 61
Section 2.11 Optional Repurchase............................................................. 62
Section 2.12 Fees............................................................................ 62
Section 2.13 Increased Costs; Capital Adequacy; Illegality................................... 62
Section 2.14 Taxes........................................................................... 64
Section 2.15 Assignment of the Sale Agreement................................................ 65
Section 2.16 Substitution of Loans........................................................... 65
Section 2.17 Optional Sales.................................................................. 66
ARTICLE III CONDITIONS TO ADVANCES................................................................... 68
Section 3.1 Conditions to Closing and Initial Advance....................................... 68
Section 3.2 Conditions Precedent to All Advances............................................ 69
ARTICLE IV REPRESENTATIONS AND WARRANTIES........................................................... 71
Section 4.1 Representations and Warranties of the Seller.................................... 71
Section 4.2 Representations and Warranties of the Seller Relating to the Agreement and
the Assets...................................................................... 81
Section 4.3 Representations and Warranties of the Servicer.................................. 82
{/TABLE}
i
{PAGE}
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{TABLE}
{CAPTION}
PAGE
{S} {C}
Section 4.4 Representations and Warranties of the Backup Servicer........................... 85
Section 4.5 Representations and Warranties of the Collateral Custodian...................... 85
Section 4.6 Breach of Certain Representations and Warranties................................ 86
ARTICLE V GENERAL COVENANTS........................................................................ 87
Section 5.1 Affirmative Covenants of the Seller............................................. 87
Section 5.2 Negative Covenants of the Seller................................................ 90
Section 5.3 Covenants of the Seller Relating to the Hedging of Loans........................ 92
Section 5.4 Affirmative Covenants of the Servicer........................................... 93
Section 5.5 Negative Covenants of the Servicer.............................................. 95
Section 5.6 Affirmative Covenants of the Backup Servicer.................................... 96
Section 5.7 Negative Covenants of the Backup Servicer....................................... 97
Section 5.8 Affirmative Covenants of the Collateral Custodian............................... 97
Section 5.9 Negative Covenants of the Collateral Custodian.................................. 97
ARTICLE VI ADMINISTRATION AND SERVICING OF CONTRACTS................................................ 97
Section 6.1 Designation of the Servicer..................................................... 97
Section 6.2 Duties of the Servicer.......................................................... 98
Section 6.3 Authorization of the Servicer................................................... 100
Section 6.4 Collection of Payments.......................................................... 100
Section 6.5 Servicer Advances............................................................... 102
Section 6.6 Realization Upon Charged-Off Loans.............................................. 102
Section 6.7 Maintenance of Insurance Policies............................................... 103
Section 6.8 Servicing Compensation.......................................................... 103
Section 6.9 Payment of Certain Expenses by Servicer......................................... 104
Section 6.10 Reports......................................................................... 104
Section 6.11 Annual Statement as to Compliance............................................... 105
Section 6.12 Annual Independent Public Accountant's Servicing Reports........................ 105
Section 6.13 Limitation on Liability of the Servicer and Others.............................. 105
Section 6.14 The Servicer Not to Resign...................................................... 106
Section 6.15 Servicer Defaults............................................................... 106
Section 6.16 Appointment of Successor Servicer............................................... 108
ARTICLE VII THE BACKUP SERVICER...................................................................... 110
Section 7.1 Designation of the Backup Servicer.............................................. 110
{/TABLE}
ii
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{TABLE}
{CAPTION}
PAGE
{S} {C}
Section 7.2 Duties of the Backup Servicer................................................... 110
Section 7.3 Merger or Consolidation......................................................... 111
Section 7.4 Backup Servicing Compensation................................................... 112
Section 7.5 Backup Servicer Removal......................................................... 112
Section 7.6 Limitation on Liability......................................................... 112
Section 7.7 The Backup Servicer Not to Resign............................................... 113
ARTICLE VIII THE COLLATERAL CUSTODIAN................................................................. 113
Section 8.1 Designation of Collateral Custodian............................................. 113
Section 8.2 Duties of Collateral Custodian.................................................. 113
Section 8.3 Merger or Consolidation......................................................... 115
Section 8.4 Collateral Custodian Compensation............................................... 115
Section 8.5 Collateral Custodian Removal.................................................... 115
Section 8.6 Limitation on Liability......................................................... 116
Section 8.7 The Collateral Custodian Not to Resign.......................................... 117
Section 8.8 Release of Documents............................................................ 117
Section 8.9 Return of Required Loan Documents............................................... 118
Section 8.10 Access to Certain Documentation and Information Regarding the Assets; Audits.... 118
ARTICLE IX SECURITY INTEREST........................................................................ 118
Section 9.1 Grant of Security Interest...................................................... 118
Section 9.2 Release of Lien on Assets....................................................... 119
Section 9.3 Further Assurances.............................................................. 120
Section 9.4 Remedies........................................................................ 120
Section 9.5 Waiver of Certain Laws.......................................................... 120
Section 9.6 Power of Attorney............................................................... 120
ARTICLE X TERMINATION EVENTS....................................................................... 121
Section 10.1 Termination Events.............................................................. 121
Section 10.2 Remedies........................................................................ 123
ARTICLE XI INDEMNIFICATION.......................................................................... 124
Section 11.1 Indemnities by the Seller....................................................... 124
Section 11.2 Indemnities by the Servicer..................................................... 127
Section 11.3 After-Tax Basis................................................................. 128
{/TABLE}
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ARTICLE XII THE ADMINISTRATIVE AGENT AND PURCHASER AGENTS............................................ 128
Section 12.1 The Administrative Agent........................................................ 128
Section 12.2 VFCC Agent...................................................................... 131
Section 12.3 Eiffel Agent.................................................................... 132
Section 12.4 Fairway Agent................................................................... 134
Section 12.5 Hannover Agent.................................................................. 136
ARTICLE XIII MISCELLANEOUS............................................................................ 139
Section 13.1 Amendments and Waivers.......................................................... 139
Section 13.2 Notices, Etc.................................................................... 139
Section 13.3 Ratable Payments................................................................ 139
Section 13.4 No Waiver; Remedies............................................................. 140
Section 13.5 Binding Effect; Benefit of Agreement............................................ 140
Section 13.6 Term of this Agreement.......................................................... 140
Section 13.7 Governing Law; Consent to Jurisdiction; Waiver of Objection to Venue............ 140
Section 13.8 Waiver of Jury Trial............................................................ 141
Section 13.9 Costs, Expenses and Taxes....................................................... 141
Section 13.10 No Proceedings.................................................................. 142
Section 13.11 Recourse Against Certain Parties................................................ 142
Section 13.12 Protection of Right, Title and Interest in the Assets; Further Action
Evidencing Advances............................................................. 144
Section 13.13 Confidentiality................................................................. 145
Section 13.14 Execution in Counterparts; Severability; Integration............................ 146
Section 13.15 Waiver of Setoff................................................................ 146
Section 13.16 Assignments..................................................................... 147
Section 13.17 Heading and Exhibits............................................................ 147
Section 13.18 Loans Subject to Retained Interest Provisions................................... 147
{/TABLE}
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EXHIBITS
EXHIBIT A-1 Form of Borrowing Notice (Advances and Reduction of Facility Amount)
EXHIBIT A-2 Form of Borrowing Notice (Reinvestments of Principal Collections)
EXHIBIT A-3 Form of Borrowing Base Certificate
EXHIBIT B-1 Form of Variable Funding Certificate (VFCC)
EXHIBIT B-2 Form of Variable Funding Certificate (Eiffel)
EXHIBIT B-3 Form of Variable Funding Certificate (Fairway)
EXHIBIT B-4 Form of Variable Funding Certificate (Hannover)
EXHIBIT C Form of Monthly Report
EXHIBIT D Form of Hedging Agreement (including Schedule and Confirmation)
EXHIBIT E-1 Form of Officer's Certificate to Solvency (CapitalSource Funding LLC)
EXHIBIT E-2 Form of Officer's Certificate to Solvency (CapitalSource Finance LLC)
EXHIBIT F-1 Form of Officer's Closing Certificate (CapitalSource Funding LLC)
EXHIBIT F-2 Form of Officer's Closing Certificate (CapitalSource Finance LLC)
EXHIBIT G-1 Form of Power of Attorney(CapitalSource Funding LLC)
EXHIBIT G-2 Form of Power of Attorney(CapitalSource Finance LLC)
EXHIBIT H Form of Release of Required Loan Documents
EXHIBIT I Form of Assignment of Mortgage
EXHIBIT J Form of Servicer's Certificate
EXHIBIT K Form of Transferee Letter
SCHEDULES
SCHEDULE I Condition Precedent Documents
SCHEDULE II List of Lock-Box Banks and Lock-Box Accounts
SCHEDULE III Location of Required Loan Documents and Loan Files
SCHEDULE IV Loan List
SCHEDULE V Forms of Loans
SCHEDULE VI Credit and Collection Policy
SCHEDULE VII Diversity Score
APPENDICES
APPENDIX A Timeshare Mortgage Loan Criteria
APPENDIX B Schedule of Supplemental Definitions and Terms (Eiffel Only)
{/TABLE}
i
{PAGE}
THIRD AMENDED AND RESTATED
LOAN CERTIFICATE AND SERVICING AGREEMENT
THIS THIRD AMENDED AND RESTATED LOAN CERTIFICATE AND SERVICING
AGREEMENT (such agreement as amended, modified, waived, supplemented, replaced
or restated from time to time, the "Agreement") is made as of this February 25,
2003, by and among:
(1) CAPITALSOURCE FUNDING LLC, a Delaware limited liability
company, as the seller (together with its successors and assigns in such
capacity, the "Seller");
(2) CAPITALSOURCE FINANCE LLC, a Delaware limited liability
company ("CapitalSource Finance"), as the originator (together with its
successors and assigns in such capacity, the "Originator"), and as the servicer
(together with its successors and assigns in such capacity, the "Servicer");
(3) VARIABLE FUNDING CAPITAL CORPORATION, a Delaware corporation
(together with its successors and assigns, "VFCC"), as a purchaser (together
with its successors and assigns in such capacity, a "Purchaser");
(4) FAIRWAY FINANCE CORPORATION, a Delaware corporation (together
with its successors and assigns, "Fairway"), as a purchaser (together with its
successors and assigns in such capacity, a "Purchaser");
(5) EIFFEL FUNDING, LLC, a Delaware limited liability company
(together with its successors and assigns, "Eiffel"), as a purchaser (together
with its successors and assigns in such capacity, a "Purchaser");
(6) HANNOVER FUNDING COMPANY LLC, a Delaware limited liability
company (together with its successors and assigns, "Hannover"), as a purchaser
(together with its successors and assigns in such capacity, a "Purchaser");
(7) WACHOVIA SECURITIES, INC. (f/k/a First Union Securities,
Inc.), a Delaware corporation (together with its successors and assigns, "WSI"),
as the agent for VFCC (together with its successors and assigns in such
capacity, the "VFCC Agent") and as the agent for the VFCC Agent and the Eiffel
Agent (together with its successors and assigns in such capacity, the
"Administrative Agent");
(8) BMO NESBITT BURNS CORP., a Delaware corporation (together with
its successors and assigns, "BMO Nesbitt Burns"), as the agent for Fairway
(together with its successors and assigns in such capacity, the "Fairway
Agent");
(9) CDC FINANCIAL PRODUCTS INC., a Delaware corporation (together
with its successors and assigns, "CDCFP"), as the agent for Eiffel (together
with its successors and assigns in such capacity, the "Eiffel Agent");
{PAGE}
(10) NORDDEUTSCHE LANDESBANK GIROZENTRALE, a bank organized under
the laws of Germany (together with its successors and assigns, "Nord LB"), as
the agent for Eiffel (together with its successors and assigns in such capacity,
the "Hannover Agent"); and
(11) WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION ("Wells
Fargo"), not in its individual capacity but as the backup servicer (together
with its successors and assigns in such capacity, the "Backup Servicer"), and
not in its individual capacity but as the collateral custodian (together with
its successors and assigns in such capacity, the "Collateral Custodian").
R E C I T A L S
WHEREAS, the Seller, the Originator, the Servicer, VFCC and Eiffel, as
the original purchasers (in such capacity the "Original Purchasers"), the VFCC
Agent, the Eiffel Agent, the Administrative Agent, the Backup Servicer, and the
Collateral Custodian have heretofore executed and delivered an Amended and
Restated Loan Certificate and Servicing Agreement, dated as of April 24, 2002 as
amended by Amendment No. 1, dated as of August 29, 2002 (as so amended, the
"Original Loan Certificate and Servicing Agreement");
WHEREAS, the Original Purchasers, Fairway, the VFCC Agent, the Eiffel
Agent, the Fairway Agent, the Administrative Agent, the Backup Servicer, and the
Collateral Custodian have heretofore further executed and delivered a Second
Amended and Restated Loan Certificate and Servicing Agreement, dated as of
November 12, 2002 (the "Second Amended and Restated Loan Certificate and
Servicing Agreement"), which Second Amended and Restated Loan Certificate and
Servicing Agreement superseded, amended and restated the Original Loan
Certificate and Servicing Agreement;
WHEREAS, Section 13.1 of the Second Amended and Restated Loan
Certificate and Servicing Agreement provides that no amendment shall be
effective without the written agreement of the Seller, the Servicer, the Backup
Servicer, the Collateral Custodian, the Administrative Agent, the Purchasers and
the Hedge Counterparty;
WHEREAS, pursuant to Section 3.3 of the Liquidity Participation
Agreement, Wachovia, as agent bank, may not without the prior written consent of
Nomura Credit and Capital, Inc., as the participant (the "Participant"), and
Nomura Holding America, Inc., as the guarantor (the "Guarantor"), agree to any
amendment of the Second Amended and Restated Loan Certificate and Servicing
Agreement;
WHEREAS, the Seller, the Originator, the Servicer, the Original
Purchasers, Fairway, the VFCC Agent, the Eiffel Agent, the Fairway Agent, the
Administrative Agent, the Backup Servicer, the Collateral Custodian, and the
Hedge Counterparty hereby desire to amend and restate the Second Amended and
Restated Loan Certificate and Servicing Agreement to (i) make Hannover and the
Hannover Agent, parties thereto, (ii) increase the Facility Amount, and (iii)
make such other changes as are necessary or in the interests of the parties;
WHEREAS, each of the Seller, the Originator, the Servicer, the Original
Purchasers, Fairway, the VFCC Agent, the Eiffel Agent, the Fairway Agent, the
Administrative Agent, the Backup Servicer, the Collateral Custodian, and the
Hedge Counterparty consents to the
2
{PAGE}
amendment and restatement of the Second Amended and Restated Loan Certificate
and Servicing Agreement pursuant to this Agreement; and
WHEREAS, all other conditions precedent to the execution of this
Agreement have been complied with.
NOW, THEREFORE, based upon the foregoing Recitals, the mutual premises
and agreements contained herein, and other good and valuable consideration the
receipt and sufficiency of which is hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows:
402253
|
Chase Manhattan
As referenced in this Loan Certificate and Servicing Agreement [Amended and Restated] [No. 3]:
Chase Manhattan Bank. – s Account: A special account (ABA number 021-000-021; account
number 507-944-941) in the name of Hannover and entitled "Hannover Funding
Company Account, Attention Marcia Weeks" at Chase Manhattan Bank.
Hannover Breakage Costs: Any amount or amounts as shall compensate Hannover for
any loss, cost or expense incurred by Hannover (as determined by the Hannover
Agent on behalf of
_____________
dt 1013048
;
BMO Nesbitt
As referenced in this Loan Certificate and Servicing Agreement [Amended and Restated] [No. 3]:
BMO NESBITT BURNS CORP. – VARIABLE FUNDING CAPITAL CORPORATION,
FAIRWAY FINANCE CORPORATION,
EIFFEL FUNDING, LLC,
and
HANNOVER FUNDING COMPANY LLC,
as the Purchasers
-----------------
WACHOVIA SECURITIES, INC.,
as the Administrative Agent and as the VFCC Agent
-------------------------------------------------
BMO NESBITT BURNS CORP. ,
as the Fairway Agent
--------------------
CDC FINANCIAL PRODUCTS INC.,
as the Eiffel Agent
-------------------
NORDDEUTSCHE LANDESBANK GIROZENTRALE,
as the Hannover Agent
---------------------
WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION,
as the Backup Servicer
_____________
BMO NESBITT BURNS CORP. – such
capacity, the "VFCC Agent") and as the agent for the VFCC Agent and the Eiffel
Agent (together with its successors and assigns in such capacity, the
"Administrative Agent");
(8) BMO NESBITT BURNS CORP. , a Delaware corporation (together with
its successors and assigns, "BMO Nesbitt Burns"), as the agent for Fairway
(together with its successors and assigns in such capacity, the "Fairway
Agent");
(
_____________
"BMO Nesbitt Burns Corp. – the name of "Wachovia Securities, Inc., as the VFCC Agent" and shall
be in the face amount equal to $300,000,000, (2) Fairway shall be in the name of
"BMO Nesbitt Burns Corp. , as the Fairway Agent" and shall be in the face amount
equal to $150,000,000, (iii) Eiffel shall be in the name of "Auer & Co., as
nominee for
_____________
BMO NESBITT BURNS CORP. – Fairway Finance Corporation
c/o Lord Securities Corporation
48 Wall Street, 27th Floor
New York, New York 10005
Facsimile No.: (212) 346-9012
Confirmation No.: (212) 346-9000
FAIRWAY AGENT: BMO NESBITT BURNS CORP.
By: /s/ David J. Kucera
_____________________________
Name: David J. Kucera
_____________________________
Title: Managing Director
_____________________________
By: /s/ Peter E. Walsh
_____________________________
Name: Peter E. Walsh
_____________________________
Title: Managing Director
_____________
BMO Nesbitt Burns Corp. – By: /s/ David J. Kucera
_____________________________
Name: David J. Kucera
_____________________________
Title: Managing Director
_____________________________
By: /s/ Peter E. Walsh
_____________________________
Name: Peter E. Walsh
_____________________________
Title: Managing Director
_____________________________
BMO Nesbitt Burns Corp.
115 South LaSalle Street
13th Floor West
Chicago, Illinois 60603
Attention: Kevin Gibbons
Facsimile No.: (312) 293-4908
Confirmation No.: (312) 461-5542
[SIGNATURES CONTINUED ON THE FOLLOWING PAGE]
{
_____________
dt 1046826
;
CapitalSource
As referenced in this Loan Certificate and Servicing Agreement [Amended and Restated] [No. 3]:
CapitalSource Holdings LLC – Fish and Farallon
Capital Partners L.P. and Affiliates thereof to own (directly or indirectly),
free and clear of all liens, at least 30% of the outstanding membership
interests of CapitalSource Holdings LLC ;
(b) The failure of CapitalSource Holdings LLC to own (directly or
through wholly-owned subsidiaries), free and clear of all liens, 99.9% of the
outstanding voting membership interests
_____________
CapitalSource Holdings LLC – and Affiliates thereof to own (directly or indirectly),
free and clear of all liens, at least 30% of the outstanding membership
interests of CapitalSource Holdings LLC;
(b) The failure of CapitalSource Holdings LLC to own (directly or
through wholly-owned subsidiaries), free and clear of all liens, 99.9% of the
outstanding voting membership interests of the Originator;
(c) the creation or
_____________
dt 1013485
;
|
ISDA
As referenced in this Loan Certificate and Servicing Agreement [Amended and Restated] [No. 3]:
International Swaps and Derivatives Association – Counterparty
that governs one or more Hedge Transactions entered into pursuant to Section
5.3(a), which agreement shall consist of a "Master Agreement" in a form
published by the International Swaps and Derivatives Association , Inc., together
with a "Schedule" thereto substantially in the form of Exhibit D hereto or such
other form as the Administrative Agent shall approve in writing subject to the
_____________
ISDA – on any day other than the first day of
such Accrual Period and without giving such Liquidity Bank(s) at least two (2)
Business Days' prior notice of such assignment.
ISDA Definitions: The 1991 ISDA Definitions, and any supplements thereto
including the 1998 Supplement to the 1991 ISDA Definitions, prepared by the
International Swaps and Derivatives Association, Inc.
Issuer: VFCC,
_____________
ISDA – than the first day of
such Accrual Period and without giving such Liquidity Bank(s) at least two (2)
Business Days' prior notice of such assignment.
ISDA Definitions: The 1991 ISDA Definitions, and any supplements thereto
including the 1998 Supplement to the 1991 ISDA Definitions, prepared by the
International Swaps and Derivatives Association, Inc.
Issuer: VFCC, Fairway, Eiffel, Hannover and
_____________
ISDA – Bank(s) at least two (2)
Business Days' prior notice of such assignment.
ISDA Definitions: The 1991 ISDA Definitions, and any supplements thereto
including the 1998 Supplement to the 1991 ISDA Definitions, prepared by the
International Swaps and Derivatives Association, Inc.
Issuer: VFCC, Fairway, Eiffel, Hannover and any other Purchaser whose principal
business consists of issuing commercial paper or other
_____________
International Swaps and Derivatives Association – 2)
Business Days' prior notice of such assignment.
ISDA Definitions: The 1991 ISDA Definitions, and any supplements thereto
including the 1998 Supplement to the 1991 ISDA Definitions, prepared by the
International Swaps and Derivatives Association , Inc.
Issuer: VFCC, Fairway, Eiffel, Hannover and any other Purchaser whose principal
business consists of issuing commercial paper or other securities to fund its
acquisition or maintenance of receivables,
_____________
dt 1003979
;
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Marketing and Servicing Agreement
Marketing and Servicing Agreement (46K)
Doc #345572: Click preview link for longer preview.
MARKETING AND SERVICING AGREEMENT
This Marketing and Servicing Agreement (the "Service Agreement") is entered
into as of August 2, 1999 by and among Chase Insurance Agency, Inc., a Delaware
corporation ("the Buyer"), U.S.I. Holdings Corporation, a Delaware corporation
("USI"); and USI Insurance Services Corp., a Delaware corporation ("USIS").
1. Background. Pursuant to a Purchase and Sale Agreement, dated as of July
----------
28, 1999 (the "Agreement"), the Buyer is purchasing certain assets and assuming
certain liabilities of Chase/USI Employee Benefits and Commercial Insurance
Agency, LLC (the "Seller"), an indirect subsidiary of USI. This is the Service
Agreement referred to in the Agreement and is subject to all terms and
conditions set forth in the Agreement. Capitalized ten-ns used and not otherwise
defined herein are used as defined in the Agreement.
2. Services to be Provided.
-----------------------
2.1. To the extent requested by the Buyer, USI and USIS, either directly or
through wholly-owned subsidiaries (USI, USIS, and such subsidiaries hereinafter
referred to as the "USI Entities"; the employees and officers of the USI
Entities are hereinafter referred to as "USI Persons"; and the USI Entities and
USI Persons are hereinafter referred to as the "USI Parties") agree to perform
the services described on the attached Schedule SA-2.1 (the "Services") with
respect to such of the Client Accounts and other insurance business (whether
existing at the date hereof or developed hereafter) of the Buyer as the Buyer
may specify from time to time (collectively, with the Client Accounts, the
"Buyer's Business"):
2.2. The provision of the Services shall be staffed as follows:
(a) The USI Persons listed on Schedule SA-22(a) shall be dedicated to the
performance of the Services specified in Schedule SA-2.2(a) on a full-time
exclusive basis during the term hereof. Any substitution for or replacement of
such persons shall be subject to the prior written consent of the Buyer, which
consent shall not be unreasonably withheld. To the extent the parties hereto may
agree in good faith that additional USI Persons are required to assist Ms. Kelly
and Mr. St. Ledger (or their replacements) in the performance of the Services to
be performed by them, as described in Schedule SA-2.2(a), in accordance with the
terms hereof, USI and USIS shall make such additional USI Persons available,
subject to the terms of Section 5.1.
(b) The parties mutually agree that Jeffrey Welsch ("Welsch") will continue
to be employed by the USI Northeast and shall be dedicated to the performance of
the Services on a full-time exclusive basis (except such de minimus commitments
of time, consistent with past practice, as shall not interfere with the
performance of Welsch's duties hereunder) from the date hereof through December
31, 1999. USI and Chase shall select a replacement for Mr. Welsch (the "New
Manager"), as follows:
{PAGE}
(i) On or before November 1, 1999, USI shall present to the Buyer a
proposed New Manager (the "Candidate"), who may be a USI Person, an employee of
the Buyer, or a person not then employed by any USI affiliate or by the Buyer.
(ii) Within a reasonable time thereafter, the Buyer shall inform USI
whether such Candidate is acceptable to the Buyer. The Buyer agrees not to
reject a Candidate unreasonably, provided that the Buyer may reject any
Candidate if, in the good faith opinion of the Buyer, such Candidate does not
have the expertise, knowledge, or insurance industry associations necessary, or
otherwise lacks material qualifications necessary to perform the functions
previously performed by Mr. Welsch in connection with the Buyer's Business to
the accustomed standard. In the event any Candidate is rejected by the Buyer,
USI shall propose [an]other Candidate[s] in accordance with the foregoing
procedure (including the same acceptance standard for the Buyer), until a
Candidate is accepted by the Buyer.
(iii) Regardless of whether the New Manager ultimately selected is a USI
Person, USI agrees that the appropriate USI Parties will provide the New Manager
with adequate training regarding the Buyer's Business and Mr. Welsch's previous
responsibilities with respect thereto.
(iv) If the New Manager is an employee of the Buyer, it is agreed that
the costs of his/her employment will continue to be the responsibility of the
Buyer. If the New Manager is a USI Person or is otherwise not then an employee
of the Buyer, it is agreed that the costs of his/her employment will be the
responsibility of the USI Entities.
(v) The New Manager shall be dedicated, on a full-time basis, to
discharging the duties previously discharged by Mr. Welsch.
(vi) After the appointment of a New Manager, Welsch shall nonetheless
continue to be available to consult with the Buyer's management to the extent
necessary to assure the fulfillment of the USI Parties' obligations hereunder.
Any replacement of the New Manager shall be handled in the manner provided
above.
2.3. To the extent that the Buyer does not have in place relationships with
all Carrier/Providers, and/or all Carrier/Provider Agreements, appropriate for
the conduct of the Buyer's Business, USI shall, upon the Buyer's request provide
access to such Carrier/Providers for the Buyer's Business, during the term
hereof, and USI and the Buyer shall enter into sub-broker agreements under which
the Buyer shall have access to such Carrier/Providers on terms no less favorable
than those available to USI Parties from time to time.
2.4. All Services are to be provided by affiliates of USI which possesses
the requisite skill and licensing necessary to provide such Services. All such
services shall be provided in the name of, and as directed by, the Buyer as
agent/broker of record, except as provided in Section 4, below. It is
understood, however, that the USI Parties have no authority to use the Buyer's
name, the name "Chase", the name "Chase "USI", or any other proprietary name or
mark of the Buyer and its affiliates for any purpose except to the extent
necessary to provide the Services. For such purposes, USI Persons may state that
they are "servicing" or "providing services to" the Buyer, but no USI Party
shall hold itself out as, or otherwise
345572
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Chase Manhattan
As referenced in this Marketing and Servicing Agreement:
Chase
Manhattan Bank – Floor
New York, NY 10017
Attention: President and CEO
Facsimile No.: 212-622-4470
Copy to:
13
{PAGE}
Arthur T. Guja
Vice President and
Assistant General Counsel
Legal Department The Chase
Manhattan Bank One Chase
Manhattan Plaza New York,
NY 10081 Facsimile No.:
212-383-0253
Notices shall be effective when received. The parties may change their
respective addresses for the purpose of
_____________
dt 742227
;
| |
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Master Mortgage Loan Purchase and Servicing Agreement
Master Mortgage Loan Purchase and Servicing Agreement (275K)
Doc #124947: Click preview link for longer preview.
MASTER MORTGAGE LOAN PURCHASE AND SERVICING AGREEMENT
MERRILL LYNCH MORTGAGE CAPITAL INC.
Purchaser
OPTION ONE MORTGAGE CORPORATION
Seller and Servicer
OPTION ONE OWNER TRUST 2001-1A
Seller
OPTION ONE OWNER TRUST 2001-1B
Seller
OPTION ONE OWNER TRUST 2001-2
Seller
OPTION ONE OWNER TRUST 2002-3
Seller
Dated as of August 1, 2002
Conventional Fixed and Adjustable Rate Mortgage Loans
================================================================================
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SECTION 1. Definitions ......................................... |