+Article 24 20.
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Article 24 20.
The transaction documentation shall clearly specify:
(a)
the contractual obligations, duties and responsibilities of the sponsor, the servicer and the trustee, if any, and other ancillary service providers;
(b)
the processes and responsibilities necessary to ensure that a default or insolvency of the servicer does not result in a termination of servicing;
(c)
provisions that ensure the replacement of derivative counterparties and the account bank upon their default, insolvency and other specified events, where applicable; and
(d)
how the sponsor meets the requirements of Article 25(3).
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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