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Pooling and Servicing Agreement

The Pooling and Servicing Agreement outlines the relationship between the parties involved in the pooling of resources and the servicing required.

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Pooling and Servicing Agreement – Clearly Define Resource Management and Maintenance Responsibilities

A Pooling and Servicing Agreement clarifies the roles and responsibilities between parties involved in pooling resources and the provision of servicing and maintenance, ensuring smooth operations and clear accountability.

A Pooling and Servicing Agreement made in Bind includes:

Clearly Defined Roles

Specifies responsibilities of the Pool Operator managing the pooled resources, and the Servicer maintaining and supporting the resource infrastructure.

Scope of Services

Details precise obligations of the Servicer, including maintenance, repairs, operational reporting, and any additional agreed-upon services.

Fees and Payment Terms

Clearly sets out the service fees, payment schedules, and conditions regarding additional costs and late payments, ensuring transparency and avoiding disputes.

Agreement Duration

Defines the initial term of the agreement and conditions for renewal or extension, providing clarity on the agreement’s lifecycle.

Termination Conditions

Clearly outlines the circumstances and procedures under which either party may terminate the agreement, protecting all involved.

Confidentiality Obligations

Ensures sensitive details of the agreement are kept confidential, with clear exceptions outlined for legal obligations or mutual agreements.

Governing Law and Jurisdiction

Specifies that the agreement is governed by the laws of England and Wales, providing clarity and legal security.

Bind allows all involved parties to easily eSign and securely share this Pooling and Servicing Agreement, simplifying formal arrangements and ensuring clear documentation.

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