+Article 21 7.
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Article 21 7.
The transaction documentation shall clearly specify:
(a)
the contractual obligations, duties and responsibilities of the servicer and the trustee, if any, and other ancillary service providers;
(b)
the processes and responsibilities necessary to ensure that a default by or an insolvency of the servicer does not result in a termination of servicing, such as a contractual provision which enables the replacement of the servicer in such cases; and
(c)
provisions that ensure the replacement of derivative counterparties, liquidity providers and the account bank in the case of their default, insolvency, and other specified events, where applicable.
1. Prezentare generală
1.1 Referințe
1.2 Cerințe identificate
1.3 Standarde asociate
2. Cerințe identificate
3. Standarde asociate
- Builddate: 09.04.2021 00:00:00 -Doknr: CELEX:32017R2402
- EULAW -
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