Section 2.5: In the event that a Bidder owns a Servicer, should both the Bidder and Servicer fill out section 2.5 as separate entities?
Components of the response to Section 2.5 will relate directly to the servicing, while other components relate more to the strategic investment plan. As detailed in the Application, the Portfolio Management Plan provided in response to Section 2.5 should address the following four areas: 1) Overall Project Strategy, including transition plan,, 3)Operational Capacity, 4)Exit Strategy. The first and last bullets relate to the strategic investment plan, and will likely be answered by the Bidder; the second bullet is more specifically related to the servicing of the assets over the investment period. Back to top 12. Question: A bidder has submitted all prior paperwork and had it signed by the parent company. They are now preparing the bidder/servicer qualification document and have prepared it for a subsidiary of the parent company. The subsidiary company plans to be the “bidder” and “owner” of the SPE. Does this present a problem? Answer: The definition of Bidder Companies included in the
