Conveyance Repurchase Assets Security Interest Sample Clauses

Conveyance Repurchase Assets Security Interest. 28 Section 4.01 Ownership 28 Section 4.02 Security Interest 28 Section 4.03 Further Documentation 29 Section 4.04 Limited Pledge of Xxxxxx Mae Servicing 30 Section 4.05 Changes in Locations, Name, etc 31 Section 4.06 Buyer’s Appointment as Attorney-in-Fact 31 Section 4.07 Performance by Buyer of Seller’s Obligations 33 Section 4.08 Proceeds 33 Section 4.09 Remedies 33 Section 4.10 Limitation on Duties Regarding Preservation of Repurchase Assets 34 Section 4.11 Powers Coupled with an Interest 34 Section 4.12 Release of Security Interest 34 Section 4.13 Reinstatement 35 Section 4.14 Subordination 35 ARTICLE V CONDITIONS PRECEDENT 35 Section 5.01 Initial Transaction 35 Section 5.02 All Transactions 36 ARTICLE VI COVENANTS 38 Section 6.01 Financial Covenants 38 Section 6.02 Prohibition of Fundamental Changes 38 Section 6.03 Sale of Assets 38 Section 6.04 Asset Schedule 38 Section 6.05 No Adverse Claims 38 Section 6.06 Assignment 38 Section 6.07 Security Interest 39 Section 6.08 Records 39 Section 6.09 Books 39 Section 6.10 Approvals 40 Section 6.11 Material Change in Business 40 Section 6.12 Collections on Assets and the Dedicated Account 40 Section 6.13 Applicable Law 41 Section 6.14 Existence 41 Section 6.15 Chief Executive Office; Jurisdiction of Organization 41 Section 6.16 Taxes 41 Section 6.17 Termination of Servicing Notice 41 Section 6.18 True and Correct Information 41 Section 6.19 Servicing 41 Section 6.20 No Pledge 41 Section 6.21 Plan Assets 42 Section 6.22 Sharing of Information 42 Section 6.23 Modification of the Servicing Contracts and Participation Agreement 42 Section 6.24 Subservicing; Servicing by Seller 42 Section 6.25 Restricted Payments 43 Section 6.26 Reporting Requirements 43
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Conveyance Repurchase Assets Security Interest. Section 4.01Ownership. Upon payment of the Purchase Price and delivery of the Note to Administrative Agent on behalf of Xxxxxx, Buyers shall become the sole owners of the Purchased Assets, free and clear of all liens and encumbrances.
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Conveyance Repurchase Assets Security Interest. ​ 755105058 22720164
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Conveyance Repurchase Assets Security Interest 
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Related to Conveyance Repurchase Assets Security Interest

  • Conveyance of Mortgage Pool Assets; Security Interest Concurrently with the execution and delivery hereof, the Company does hereby irrevocably sell, transfer, assign, set over and otherwise convey to the Trust, without recourse, all the Company's right, title and interest in and to the Mortgage Pool Assets, including but not limited to all scheduled payments of principal and interest due after the Cut-Off Date and received by the Company with respect to the Mortgage Loans at any time, and all Principal Prepayments received by the Company after the Cut-Off Date with respect to the Mortgage Loans (such transfer and assignment by the Company to be referred to herein as the "Conveyance," and the assets so transferred and assigned to be referred to herein as the "Conveyed Assets"). It is the express intent of the parties hereto that the Conveyance of the Conveyed Assets to the Trust by the Company as provided in this Section 2.04 be, and be construed as, an absolute sale of the Conveyed Assets. It is, further, not the intention of the parties that such Conveyance be deemed the grant of a security interest in the Conveyed Assets by the Company to the Trust to secure a debt or other obligation of the Company. However, in the event that, notwithstanding the intent of the parties, the Conveyed Assets are held to be the property of the Company, or if for any other reason this Agreement is held or deemed to create a security interest in the Conveyed Assets, then

  • Collateral; Security Interest (a) Pursuant to the Custodial Agreement, the Custodian shall hold the Mortgage Loan Documents as exclusive bailee and agent for the Lender pursuant to terms of the Custodial Agreement and shall deliver to the Lender Trust Receipts (as defined in the Custodial Agreement) each to the effect that it has reviewed such Mortgage Loan Documents in the manner and to the extent required by the Custodial Agreement and identifying any deficiencies in such Mortgage Loan Documents as so reviewed.

  • Valid Security Interest This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the Depositor.

  • Security Interest in Financed Equipment Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority security interest in the Financed Equipment in favor of CNHICA as secured party or all necessary and appropriate actions have been commenced that would result in the valid perfection of a first priority security interest in the Financed Equipment in favor of CNHICA as secured party.

  • Security Interest Opinion Xxxxxx Xxxxxx Xxxxxxxx LLP (or such other counsel satisfactory to the Representatives in their reasonable judgment) will have furnished their written opinion, dated the Closing Date, to the Representatives, the Indenture Trustee and Ford Credit, with respect to the security interest of the Trust in the Receivables and such opinion will be in substantially the form previously discussed with the Representatives and their counsel and satisfactory in form and substance to the Representatives and to their counsel in their reasonable judgment.

  • Maintenance of Security Interests in Financed Equipment The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment or for any other reason.

  • Assignment of Interest in the Mortgage Loan Purchase Agreement (a) The Depositor hereby assigns to the Trustee, on behalf of the Certificateholders, all of its right, title and interest in the Mortgage Loan Purchase Agreement, including but not limited to the Depositor's rights and obligations pursuant to the Servicing Agreements (noting that the Seller has retained the right in the event of breach of the representations, warranties and covenants, if any, with respect to the related Mortgage Loans of the related Servicer under the related Servicing Agreement to enforce the provisions thereof and to seek all or any available remedies). The obligations of the Seller to substitute or repurchase, as applicable, a Mortgage Loan shall be the Trustee's and the Certificateholders' sole remedy for any breach thereof. At the request of the Trustee, the Depositor shall take such actions as may be necessary to enforce the above right, title and interest on behalf of the Trustee and the Certificateholders or shall execute such further documents as the Trustee may reasonably require in order to enable the Trustee to carry out such enforcement.

  • Maintenance of Security Interests in Financed Vehicles The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason.

  • Depositor Assignment of Repurchased Receivables With respect to all Receivables repurchased by the Seller pursuant to this Agreement, the Depositor shall assign, without recourse, representation or warranty, to the Seller all of the Depositor’s right, title and interest in and to such Receivables and all security and documents relating thereto.

  • Security Interest in Financed Vehicles Immediately prior to the transfer of the Receivables by the Depositor to the Trust, each Receivable was secured by a valid, binding and enforceable first priority perfected security interest in favor of the Seller in the related Financed Vehicle, or all necessary and appropriate actions shall have been commenced that would result in the valid perfection of a first priority security interest in favor of the Seller in the Financed Vehicle, which security interest has been validly assigned by the Seller to the Depositor pursuant to the Receivables Purchase Agreement and by the Depositor to the Trust hereunder.

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