1Representations and Warranties of the Seller Sample Clauses

1Representations and Warranties of the Seller. Parties 24 Article VII. General Covenants of the Seller Parties30 Section 7.1Affirmative Covenants of the Seller Parties 30 Section 7.2Reporting Requirements of the Seller Parties 32 Section 7.3Negative Covenants of the Seller Parties 34 Section 7.4Separate Corporate Existence of the Seller 37 Article VIII. Administration and Collection39 Section 8.1Designation of Master Servicer 39 Section 8.2Duties of Master Servicer 40 Section 8.3[Reserved] 42 Section 8.4Servicer Defaults 42 Section 8.5Rights of the Administrative Agent 43 Section 8.6Responsibilities of the Seller Parties 44 Section 8.7Further Action Evidencing Purchases and Reinvestments 44 Section 8.8Application of Collections 45 Article IX. Security Interest45 Section 9.1Grant of Security Interest 45 Section 9.2Further Assurances 46 Section 9.3Remedies 46 Article X. Liquidation Events46 Section 10.1Liquidation Events 46 Section 10.2Remedies 49 Article XI. The Administrative Agent49 Section 11.1Administrative Agent Authorization and Action 49 Section 11.2Administrative Agent’s Reliance, Etc 50 Section 11.3BTMU and Affiliates 50 Section 11.4Liquidity Bank’s Purchase Decision 50 Section 11.5Indemnification of Agent 51
Sample 1
AutoNDA by SimpleDocs

Related to 1Representations and Warranties of the Seller

  • Representations and Warranties of the Seller The Seller represents and warrants as follows:

  • REPRESENTATIONS AND WARRANTIES OF THE SELLERS Each of the Sellers, jointly and severally, represents and warrants to the Buyer as follows:

  • REPRESENTATIONS AND WARRANTIES OF THE SELLER PARTIES Each Seller Party hereby represents and warrants to the Agent and the Purchasers, as to itself, as of the date hereof and as of the date of each Incremental Purchase and the date of each Reinvestment that:

  • Representations and Warranties of the Sponsor The Sponsor represents and warrants to the Purchaser as follows:

  • REPRESENTATIONS AND WARRANTIES OF THE SELLING PARTIES The Selling Parties jointly and severally represent and warrant to Buyer that:

  • Representations and Warranties of the Servicer The Servicer hereby represents and warrants to the Depositor and the Trustee as follows, as of the date hereof:

  • Representations and Warranties of the Vendor The Vendor hereby makes the following representations and warranties to the Purchaser and acknowledges that the Purchaser is relying on such representations and warranties in entering into this Agreement and completing the Transaction:

  • Representations and Warranties of the Bank The Bank represents and warrants to the Fund that:

  • Representations and Warranties of the Sub-Advisor The Sub-Advisor represents and warrants to the Advisor and the Trust as follows:

  • Additional Representations and Warranties of the Seller (a) The Seller shall be deemed to represent to the Purchaser and to any Depositor, as of the date on which information is first provided to the Purchaser or any Depositor under Subsection 34.03 that, except as disclosed in writing to the Purchaser or such Depositor prior to such date: (i) the Seller is not aware and has not received notice that any default, early amortization or other performance triggering event has occurred as to any other securitization due to any act or failure to act of the Seller; (ii) the Interim Servicer has not been terminated as servicer in a residential mortgage loan securitization, either due to a servicing default or to application of a servicing performance test or trigger; (iii) no material noncompliance with the applicable servicing criteria with respect to other securitizations of residential mortgage loans involving the Interim Servicer as servicer has been disclosed or reported by the Seller; (iv) no material changes to the Interim Servicer's policies or procedures with respect to the servicing function it will perform under the Interim Servicing Agreement and any Reconstitution Agreement for mortgage loans of a type similar to the Mortgage Loans have occurred during the three-year period immediately preceding the related Securitization Transaction; (v) there are no aspects of the Interim Servicer's financial condition that could have a material adverse effect on the performance by the Interim Servicer of its servicing obligations under the Interim Servicing Agreement or any Reconstitution Agreement; (vi) there are no material legal or governmental proceedings pending (or known to be contemplated) against the Seller, Interim Servicer, any Subservicer or any Third-Party Originator; and (vii) there are no affiliations, relationships or transactions relating to the Seller, Interim Servicer, any Subservicer or any Third-Party Originator with respect to any Securitization Transaction and any party thereto identified by the related Depositor of a type described in Item 1119 of Regulation AB.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!