Examples of Xxxxxx Xxx Contract in a sentence
Seller shall, within [***], notify Buyer in the event that it has voluntarily relinquished or delivered notice of its intent to sell or transfer Xxxxxx Xxx Contract rights constituting more than [***]% of the aggregate Xxxxxx Xxx Contract rights of Seller with respect to Xxxxxx Xxx.
The transfer, assignment and delivery of the Current Excess Servicing Spread shall be subject to the Agency’s rights under the Xxxxxx Xxx Contract and shall be free and clear of any and all claims, charges, defenses, offsets, Liens and encumbrances of any kind or nature whatsoever, other than such Agency rights and Permitted Liens.
Any change to a Guaranty Agreement, the Xxxxxx Xxx Contract or any and all instruments, agreements, invoices or other writings which give rise to or otherwise evidence any of the MSRs that would result in a Material Adverse Effect on Seller.
Seller shall service all Assets in accordance with the Xxxxxx Xxx Contract in all material respects.
The Issuer shall not take any action and shall use its best efforts not to permit any action to be taken by others that would release any Person from any of such Person’s covenants or obligations under any Transaction Document, Xxxxxx Xxx Contract or other document, instrument or agreement included in the Trust Estate, or which would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such document, instrument or agreement.
Seller shall fail to comply with the deposit and remittance requirements set forth in the Xxxxxx Xxx Contract (subject to any cure period provided therein) or Section 4.2(a) of the Indenture (and such failure under Section 4.2(a) of the Indenture continues unremedied for a period of two (2) Business Days after a Responsible Officer of the Seller obtains actual knowledge of such failure, or receives written notice from the Indenture Trustee or any Noteholder of such failure).
Seller shall service all Assets in accordance with the Xxxxxx Xxx Contract and any and all instruments, agreements, invoices or other writings which give rise to or otherwise evidence any of the MSRs in all material respects.
Any change to a Guaranty Agreement or the Xxxxxx Xxx Contract that would result in a Material Adverse Effect on Seller.
The Servicer shall immediately notify the Indenture Trustee, the Credit Manager and the Administrative Agent of its receipt of a notice of termination under the Xxxxxx Xxx Contract.
The Servicer hereby irrevocably appoints the Noteholder(s) of any Outstanding MBS Advance VFN with the authority (but no obligation) to make any MBS Advance on the Servicer’s behalf to the extent the Servicer fails to make any required payments on the related MBS when required to do so pursuant to the Xxxxxx Xxx Contract.