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HR SPECIAL MEETING AGENDA 01-14-2019
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HR SPECIAL MEETING AGENDA 01-14-2019
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1/11/2019 4:24:50 PM
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1/11/2019 9:23:25 AM
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City Government
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HRSR
date
1/14/2019
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8 | Page <br />CLIENT NAME Loan Servicing Agreement #XXXX <br />or similar proceedings of or relating to CEE or Client or of or relating to all or <br />substantially all of such party’s property; or <br /> <br />F. CEE or Client shall admit in writing its inability to pay its debts as they become due, <br />file a petition to take advantage of any application insolvency or reorganization <br />statute, make an assignment for the benefit of its creditors, or voluntarily suspend <br />payment of its obligations. <br /> <br />17. Assignment of Rights <br />This Agreement may not be assigned by Client except with prior written consent of CEE, which <br />consent shall not to be unreasonably withheld. CEE may not assign its rights under this <br />Agreement without the prior written consent of Client. <br /> <br />18. Independent Contractor <br /> Nothing herein contained shall be deemed or construed to create a co-partnership or joint venture <br />between the parties hereto and the services of CEE shall be rendered as an independent contractor <br />and not as an agent for Client, its successors and assigns, or any obligors or noteholders under the <br />Client Loans. <br /> <br />19. Amendments <br />This Agreement may not be amended or modified except by a written agreement signed by the <br />parties in interest at the time of such modification. Notwithstanding the foregoing, CEE may <br />adjust the Fees by providing an updated Exhibit B as set for in Section 3 and all other Schedules <br />may be changed by mutual agreement. <br /> <br />20. Confidentiality <br />Neither Client nor CEE shall disclose or use any Confidential Information of the other party or its <br />affiliates, and each party will keep such Confidential Information confidential and will require <br />that its affiliates, officers, employees, contractors, vendors, and advisors who have access to such <br />Confidential Information comply with such non-disclosure and non-use obligations. <br /> <br />Notwithstanding the forgoing, Client or CEE may provide such Confidential Information <br />as required pursuant to a court or administrative subpoena, court order or other such legal <br />process or requirement of law; provided, however, that it shall endeavor to promptly <br />notify the other of such request, order or requirement, unless such notice is prohibited by <br />statute, rule, or court order. Nothing herein shall require either Client or CEE to fail to <br />honor a subpoena, court or administrative order, or a requirement of law on a timely <br />basis. <br /> <br />Notwithstanding this section, CEE is expressly permitted to release information to <br />borrowers upon written request regarding their specific loans; and, following receipt of <br />borrower’s written authorization to release information, CEE is expressly authorized to <br />release such information regarding that borrower's loan to a third party. <br />
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