Delivery of Loans Sample Clauses

Delivery of Loans. On or before the business day immediately preceding each Settlement Date, the Seller shall deliver to the Buyer the following for each Loan purchased: 1. Those Loans described by the Buyer on each Schedule of Loans Delivered which are purchased by Buyer pursuant to this Agreement. 2. The agreed-upon priority Mortgages and Other Collateral on Subject Property. 3. The Note(s), the Mortgage(s) and the Other Collateral endorsed by an authorized Officer of Seller to the Buyer pursuant to the language set forth on EXHIBIT "B," attached hereto and made a part hereof, and/or assigned in the form required by Buyer, together with individual assignments to the Buyer (a certified copy of the recordable or fileable assignment) and originals of all intervening assignments, if any, of the Seller's beneficial interest in the Mortgage and in the Other Collateral, showing a complete chain of title from origination to the Seller, including warehousing assignment, with evidence of recording thereon. 4. Any and all documents, instruments, collateral agreements, assignments and endorsements for all documents, instruments and collateral agreements, referred to in the Notes, Mortgages, and/or Other Collateral or related thereto, including, without limitation, current applicable insurance policies (such as private mortgage insurance, flood insurance, hazard insurance and title insurance) covering the Subject Property or relating to the Notes and all files, books, papers, ledger cards, reports and records, including, without limitation, loan applications, Borrower financial statements, credit reports and appraisals, relating to the Loans (the "Related Assets"). In all cases, the Related Assets shall be the original documents. 5. The Essential Mortgage File Document List, including all writing evidencing the Loan(s) purchased by Buyer. In all cases, these documents shall be the original documents. 6. In the event that Seller cannot deliver to Buyer a duly recorded assignment of Mortgage or any other document required to be recorded under this Agreement on the Settlement Date solely because of a delay caused by the public recording office when such document(s) has(have) been delivered for recordation, Seller shall deliver to the Buyer a certified copy of each such document(s) with a statement thereon signed by an Officer of the Seller certifying each to be a true and correct copy of such document(s) delivered to the appropriate public recording official for recordation. Seller shall ...
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Delivery of Loans. (a) Upon the acquisition of any Collateral by the Borrower, the ownership of each transferred Underlying Instrument and the contents of each Loan File will be vested in the Borrower. Each Loan and Related Security transferred to the Borrower shall immediately and without further action automatically become part of the Collateral. (b) Pursuant to and in accordance with the terms of Section 3.2(c), the Borrower will deliver, or cause to be delivered, to the Trustee the Required Loan Documents accompanied by the related Loan Checklist relating to each Loan being transferred on such Funding Date.
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Delivery of Loans. (a) The Initial Member will grant a Limited Power of Attorney to the Company in the form attached hereto as Attachment D. The Company will prepare and execute on behalf of the Initial Member, within a reasonable time after the Closing Date, all Transfer Documents not delivered by the Initial Member to the Company at Closing, and the Company shall perform all acts required to be performed by the Initial Member pursuant to Section 3.01. The Initial Member shall cooperate with the Company with respect to the Company’s obligation to prepare and record (if applicable) such Transfer Documents. All Transfer Documents prepared by the Company shall be in appropriate form suitable for filing or recording (if applicable) in the relevant jurisdiction and otherwise subject to the limitations set forth herein, and the Company shall be solely responsible for the preparation, contents and form of such documents. The Company hereby releases the Initial Member from any loss or damage incurred by the Company due to the contents or form of any documents prepared pursuant to this Section
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Delivery of Loans. Purchaser shall, upon receipt from Seller of a fully documented loan package for each Mortgage Loan, deliver the agreed upon Purchase Price (less any fees or discounts due to the Purchaser), in accordance with Seller’s instructions or in accordance with any bailee letter or trust receipt submitted with the loan package. Seller will deliver the loan package to the Purchaser in a timely manner, but no later than the expiration date confirmed at the time the Mortgage Loan is locked on the Purchaser’s automated lock system, unless delivery is extended by Purchaser in writing. In the event any Mortgage Loan sold to Purchaser hereunder is prepaid in full within one hundred twenty (120) days following the date such Mortgage Loan is sold to Purchaser hereunder, Seller shall refund the servicing release premium and any rebate pricing paid by Purchaser at the time of purchase.
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Delivery of Loans. (a) Delivery to Banc One of Loan Documents, Credit Documents, and all other documents or items of the Loan File for each Loan purchased by Banc One hereunder shall be made by Seller, at Seller's sole expense, in compliance with the requirements of this Agreement, and shall occur no later than the date or dates and time required by the related Delivery Instructions and any other document delivered to Seller by Banc One pursuant thereto and relating to the Loans for which such Loan Documents and Credit Documents are being delivered. The Note for each Loan shall be endorsed "Pay to the Order of Banc One Financial Servcies, Inc. Without Recourse" and executed, either by original signature or authorized facsimile by an authorized signer of Seller. (b) No later than five Business Days after the Funding Date, Seller, at its sole cost and expense, shall prepare, execute and deliver to Banc One for recording in the appropriate public recording office, an Assignment, in proper form for recording, for each Loan purchased by Banc One as assignee. Banc One may request, where permitted by local law, that the Assignments be combined into one or more documents, each referring to more than one Mortgage. (c) Seller agrees to use its best efforts to obtain the originals of all recorded Loan Documents required to be delivered to Banc One, notwithstanding any delays by the recording offices and shall delivery each such original recorded Loan Document to Banc One promptly following receipt by Seller thereof; provided, however, that in any event Seller shall deliver to Banc One each such original recorded Loan Document within 180 days following the applicable Funding Date. If Seller is unable due to recording office delays to deliver to Banc One any original recorded Loan Document within the 180-day period following the applicable Funding Date, Seller shall, within 180 days following the applicable Funding Date, deliver to Banc One evidence from the applicable recording office to the effect that (i) the applicable Loan Document was delivered to such recording agency within the time period required hereby for such delivery and (ii) recording of such Loan Document is pending. Seller agrees at any time, and from time to time, upon the request and at the expense of Seller to use its best efforts to execute and deliver or cause to be executed and delivered such further instruments and documents of conveyance as shall be necessary to vest in Banc One legal or equitable title in and to...
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Delivery of Loans. A Loan shall be deemed to have been delivered and pledged to the Bank under this Pledge and Security Agreement when: (i) The Bank has received, with respect to such Loan, (A) an Agreement to Pledge, duly completed and executed by the Borrower, (B) a Collateral Identification Letter duly completed and executed by the Borrower, (C) a Loan Detail Listing, duly completed, and (D) unless previously supplied to the Bank, a copy of the Purchase Commitment under which such Loan is to be delivered; and (ii) either: (A) a wire transfer of funds from the Good Funds Wire Account or otherwise has been initiated for the purpose of funding the origination or purchase of such Loan; (B) a draft drawn upon the Bank for the purpose of funding the origination or purchase of such Loan has been received by the Bank and has cleared the Bank's payment process; (C) a draft drawn upon the Bank for the purpose of funding the origination or purchase of such Loan has been accepted by the Bank, or the Bank has otherwise assured payment thereof; or (D) origination or purchase by the Borrower of the Loan has otherwise been funded by the Bank or the Borrower has otherwise identified the Loan as being collateral for the Bank under this Pledge and Security Agreement. The documents referred to in clause (i) of the preceding sentence shall be delivered or transmitted to the Bank by telecopier or electronic data transmission not later than 1:00 p.m. (Minneapolis time).
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Delivery of Loans. If not already in Xxxxxx Mae’s possession, the School agrees to deliver to Xxxxxx Xxx the notes and other documentation for Loans offered for sale on a schedule and in a manner Xxxxxx Mae reasonably requests. Except for Loans that are processed and originated wholly by Xxxxxx Xxx on behalf of the Trustee and the School, the School agrees to bear the risk of loss for the Loans until Xxxxxx Mae receives them. Xxxxxx Xxx will provide the School with a written receipt for delivery. Xxxxxx Mae will make a microfilm or computer-imaging record of the documents it receives. The Trustee and the School agree that this record will be the final authority used to resolve any dispute over questions about whether a specific document was received by Xxxxxx Xxx unless contrary proof acceptable to Xxxxxx Mae is provided. Xxxxxx Xxx will provide a copy of the record to the Trustee or the School upon request.
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Delivery of Loans. (a) Upon the acquisition of any Collateral by the Borrower, the ownership of each transferred Underlying Instrument and the contents of each Loan File will be vested in the Borrower. Each Loan and Related Security transferred to the Borrower shall immediately and without further action automatically become part of the Collateral. (b) In addition to the terms set forth in Section 3.2(c) and the Required Loan Documents required to be delivered pursuant thereto, the Borrower will deliver, or cause to be delivered, to the Trustee within two (2) Business Days after any related Funding Date the Required Loan Documents accompanied by the related Loan Checklist relating to each Loan being transferred to the Borrower on such Funding Date. Except to the extent that originals of any of the Required Loan Documents, pursuant to the definition thereof, are required to be delivered to the Trustee, the Required Loan Documents and Loan Checklist delivered pursuant to this Section 2.3(b) may be delivered by email.
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Related to Delivery of Loans

  • Delivery of Loan Documents Borrower shall have delivered the following documents (and, as applicable, duly executed and dated the Closing Date or an earlier date satisfactory to Agent):

  • Delivery of Lender Addenda Each initial Lender shall become a party to this Agreement by delivering to the Administrative Agent a Lender Addendum duly executed by such Lender, the Borrower and the Administrative Agent.

  • Delivery of a Utilisation Request The Borrower may utilise the Facility by delivery to the Agent of a duly completed Utilisation Request not later than the Specified Time.

  • Delivery of Notes The Administrative Agent shall have received, for the account of each Lender that has requested a Note, such Lender’s Notes duly executed and delivered by an Authorized Officer of the Borrower.

  • Delivery of Funds No later than one (1) business day after the execution of this Agreement by the Investor and the Company, the Investor shall remit by wire transfer the amount of funds equal to the aggregate purchase price for the Units being purchased by the Investor to the following account designated by the Company and the Placement Agent pursuant to the terms of that certain Escrow Agreement (the “Escrow Agreement”) dated as of the date hereof, by and among the Company, the Placement Agent and JPMorgan Chase Bank, N.A. (the “Escrow Agent”): JPMorgan Chase Bank, N.A. ABA # 000000000 Account Name: QuickLogic Corporation Account Number: 806033411, Quick Logic Escrow Account Attention: Xxxxxx Xxxxx Tel: (000) 000-0000 Such funds shall be held in escrow until the Closing and delivered by the Escrow Agent on behalf of the Investors to the Company upon the satisfaction, in the sole judgment of the Placement Agent, of the conditions set forth in Section 3.2(b) hereof. The Placement Agent shall have no rights in or to any of the escrowed funds, unless the Placement Agent and the Escrow Agent are notified in writing by the Company in connection with the Closing that a portion of the escrowed funds shall be applied to the Placement Fee. The Company agrees to indemnify and hold the Escrow Agent harmless from and against any and all losses, costs, damages, expenses and claims (including, without limitation, court costs and reasonable attorneys fees) (“Losses”) arising under this Section 3.3 or otherwise with respect to the funds held in escrow pursuant hereto or arising under the Escrow Agreement, unless it is finally, judicially determined that such Losses resulted directly from the willful misconduct or gross negligence of the Escrow Agent. Anything in this Agreement to the contrary notwithstanding, in no event shall the Escrow Agent be liable for any special, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Escrow Agent has been advised of the likelihood of such loss or damage and regardless of the form of action.

  • Delivery of Letter of Credit Tenant shall deliver to Landlord, concurrently with Tenant’s execution of this Lease, an unconditional, clean, irrevocable letter of credit (the “L-C”) in the amount set forth in Section 21.3 below (the “L-C Amount”), which L-C shall be issued by a money-center, solvent and nationally recognized bank (a bank which accepts deposits, maintains accounts, has a California office which will negotiate a letter of credit, and whose deposits are insured by the FDIC) reasonably acceptable to Landlord (such approved, issuing bank being referred to herein as the “Bank”), which Bank must have a short term Fitch Rating which is not less than “F1”, and a long term Fitch Rating which is not less than “A” (or in the event such Fitch Ratings are no longer available, a comparable rating from Standard and Poor’s Professional Rating Service or Xxxxx’x Professional Rating Service) (collectively, the “Bank’s Credit Rating Threshold”), and which L-C shall be in substantially the form of Exhibit G, attached hereto. Tenant shall pay all expenses, points and/or fees incurred by Tenant in obtaining the L-C. The L-C shall (i) be “callable” at sight, irrevocable and unconditional, (ii) be maintained in effect, whether through renewal or extension, for the period commencing on the date of this Lease and continuing until the date (the “L-C Expiration Date”) that is no less than one hundred twenty (120) days after the expiration of the Lease Term as the same may be extended, and Tenant shall deliver a new L-C or certificate of renewal or extension to Landlord at least sixty (60) days prior to the expiration of the L-C then held by Landlord, without any action whatsoever on the part of Landlord, (iii) be fully assignable by Landlord, its successors and assigns, (iv) permit partial draws and multiple presentations and drawings, and (v) be otherwise subject to the Uniform Customs and Practices for Documentary Credits (1993-Rev), International Chamber of Commerce Publication #500, or the International Standby Practices-ISP 98, International Chamber of Commerce Publication #590. Landlord, or its then managing agent, shall have the right to draw down an amount up to the face amount of the L-C if any of the following shall have occurred or be applicable: (A) such amount is due to Landlord under the terms and conditions of this Lease, or (B) Tenant has filed a voluntary petition under the U. S. Bankruptcy Code or any state bankruptcy code (collectively, “Bankruptcy Code”), or (C) an involuntary petition has been filed against Tenant under the Bankruptcy Code, or (D) the Lease has been rejected, or is deemed rejected, under Section 365 of the U.S. Bankruptcy Code, following the filing of a voluntary petition by Tenant under the Bankruptcy Code, or the filing of an involuntary petition against Tenant under the Bankruptcy Code, or (E) the Bank has notified Landlord that the L-C will not be renewed or extended through the L-C Expiration Date, or (F) Tenant is placed into receivership or conservatorship, or becomes subject to similar proceedings under Federal or State law, or (G) Tenant executes an assignment for the benefit of creditors, or (H) if (1) any of the Bank’s Fitch Ratings (or other comparable ratings to the extent the Fitch Ratings are no longer available) have been reduced below the Bank’s Credit Rating Threshold, or (2) there is otherwise a material adverse change in the financial condition of the Bank, and Tenant has failed to provide Landlord with a replacement letter of credit, conforming in all respects to the requirements of this Article 21 (including, but not limited to, the requirements placed on the issuing Bank more particularly set forth in this Section 21.1 above), in the amount of the applicable L-C Amount, within ten (10) days following Landlord’s written demand therefor (with no other notice or cure or grace period being applicable thereto, notwithstanding anything in this Lease to the contrary) (each of the foregoing being an “L-C Draw Event”). The L-C shall be honored by the Bank regardless of whether Tenant disputes Landlord’s right to draw upon the L-C. In addition, in the event the Bank is placed into receivership or conservatorship by the Federal Deposit Insurance Corporation or any successor or similar entity, then, effective as of the date such receivership or conservatorship occurs, said L-C shall be deemed to fail to meet the requirements of this Article 21, and, within ten (10) days following Landlord’s notice to Tenant of such receivership or conservatorship (the “L-C FDIC Replacement Notice”), Tenant shall replace such L-C with a substitute letter of credit from a different issuer (which issuer shall meet or exceed the Bank’s Credit Rating Threshold and shall otherwise be acceptable to Landlord in its reasonable discretion) and that complies in all respects with the requirements of this Article 21. If Tenant fails to replace such L-C with such conforming, substitute letter of credit pursuant to the terms and conditions of this Section 21.1, then, notwithstanding anything in this Lease to the contrary, Landlord shall have the right to declare Tenant in default of this Lease for which there shall be no notice or grace or cure periods being applicable thereto (other than the aforesaid ten (10) day period). Tenant shall be responsible for the payment of any and all costs incurred with the review of any replacement L-C (including without limitation Landlord’s reasonable attorneys’ fees), which replacement is required pursuant to this Section or is otherwise requested by Tenant. In the event of an assignment by Tenant of its interest in the Lease (and irrespective of whether Landlord’s consent is required for such assignment), the acceptance of any replacement or substitute letter of credit by Landlord from the assignee shall be subject to Landlord’s prior written approval, in Landlord’s sole and absolute discretion, and the attorney’s fees incurred by Landlord in connection with such determination shall be payable by Tenant to Landlord within ten (10) days of billing.

  • Delivery of Note The Lender shall have received a Note duly executed and delivered by an Authorized Officer of the Borrower.

  • Delivery of Investments The Custodian shall release and deliver domestic investments owned by a Fund held by the Custodian or in a U.S. Securities System account of the Custodian or in the Custodian’s Direct Paper System account ("Direct Paper System Account") only upon receipt of Proper Instructions, which may be continuing instructions when agreed to by the parties, and only in the following cases: 1) Upon sale of such investments for the account of the Fund and receipt of payment therefor; 2) Upon the receipt of payment in connection with any repurchase agreement related to such investments entered into by the Fund; 3) In the case of a sale effected through a U.S. Securities System, in accordance with the provisions of Section 2.9 hereof; 4) To the depository agent in connection with tender or other similar offers for portfolio investments of the Fund; 5) To the issuer thereof or its agent when such investments are called, redeemed, retired or otherwise become payable; provided that, in any such case, the cash or other consideration is to be delivered to the Custodian; 6) To the issuer thereof, or its agent, for transfer into the name of the Fund or into the name of any nominee or nominees of the Custodian or into the name or nominee name of any agent appointed pursuant to Section 2.8 or into the name or nominee name of any sub-custodian appointed pursuant to Section 1; or for exchange for a different number of bonds, certificates or other evidence representing the same aggregate face amount or number of units; provided that, in any such case, the new securities are to be delivered to the Custodian; 7) Upon the sale of such investments for the account of the Fund, to the broker or its clearing agent, against a receipt, for examination in accordance with usual "street delivery" custom; provided that in any such case the Custodian shall have no responsibility or liability for any loss arising from the delivery of such investments prior to receiving payment for such investments except as may arise from the Custodian’s own negligence or willful misconduct; 8) For exchange or conversion pursuant to any plan of merger, consolidation, recapitalization, reorganization or readjustment of the investments of the issuer of such investments, or pursuant to provisions for conversion contained in such investments, or pursuant to any deposit agreement; provided that, in any such case, the new investments and cash, if any, are to be delivered to the Custodian; 9) In the case of warrants, rights or similar investments, the surrender thereof in the exercise of such warrants, rights or similar investments or the surrender of interim receipts or temporary investments for definitive investments; provided that, in any such case, the new investments and cash, if any, are to be delivered to the Custodian or against a receipt; 10) For delivery in connection with any loans of investments made on behalf of the Fund, but only against receipt of adequate collateral as agreed upon from time to time by the Fund or its duly-appointed agent (which may be in the form of cash or obligations issued by the United States government, its agencies or instrumentalities, or such other property as the Fund may agree), except that in connection with any loans for which collateral is to be credited to the Custodian’s account in the book-entry system authorized by the U.S. Department of the Treasury, the Custodian will not be held liable or responsible for the delivery of investments owned by the Fund prior to the receipt of such collateral in the absence of the Custodian’s negligence or willful misconduct; 11) For delivery as security in connection with any borrowing by the Fund requiring a pledge of assets by the Fund, but only against receipt of amounts borrowed, except where additional collateral is required to secure a borrowing already made, subject to Proper Instructions, further securities may be released and delivered for that purpose; 12) For delivery in accordance with the provisions of any agreement among the Fund, the Custodian and a broker- dealer registered under the Securities Exchange Act of 1934 (the “Exchange Act”) and a member of The National Association of Securities Dealers, Inc. (“NASD”), relating to compliance with the rules of The Options Clearing Corporation, the rules of any registered national securities exchange or of any similar organization or organizations, or under the Investment Company Act of 1940, as amended from time to time (the “1940 Act”), regarding escrow or other arrangements in connection with transactions by the Fund; 13) For delivery in accordance with the provisions of any agreement among the Fund, the Custodian, and a Futures Commission Merchant registered under the Commodity Exchange Act, relating to compliance with the rules of the Commodity Futures Trading Commission and/or any Contract Market, or any similar organization or organizations, or under the 1940 Act, regarding account deposits in connection with transactions by the Fund; 14) Upon receipt of instructions from the transfer agent for the Fund (the “Transfer Agent”), for delivery to such Transfer Agent or to the holders of shares in connection with distributions in kind, as may be described from time to time in the Fund’s currently effective prospectus, statement of additional information or other offering documents (all, as amended, supplemented or revised from time to time, the “Prospectus”), in satisfaction of requests by holders of Shares for repurchase or redemption; and 15) For any other purpose, but only upon receipt of Proper Instructions specifying (a) the investments to be delivered, (b) setting forth the purpose for which such delivery is to be made, and (c) naming the person or persons to whom delivery of such investments shall be made.

  • Delivery of Placement Securities On or before each Settlement Date, the Company will, or will cause its transfer agent to, electronically transfer the Placement Securities being sold by crediting the Sales Agent’s or its designee’s account (provided the Sales Agent shall have given the Company written notice of such designee prior to the Settlement Date) at The Depository Trust Company through its Deposit and Withdrawal at Custodian System or by such other means of delivery as may be mutually agreed upon by the parties hereto which in all cases shall be freely tradable, transferable, registered shares in good deliverable form. On each Settlement Date, the Sales Agent will deliver the related Net Proceeds in same day funds to an account designated by the Company on, or prior to, the Settlement Date. The Company agrees that if the Company, or its transfer agent (if applicable), defaults in its obligation to deliver Placement Securities on a Settlement Date, the Company agrees that in addition to and in no way limiting the rights and obligations set forth in Section 10(a) and Section 11 hereof, it will (i) hold the Sales Agent harmless against any loss, liability, claim, damage, or expense whatsoever (including reasonable legal fees and expenses), as incurred, arising out of or in connection with such default by the Company or its transfer agent (if applicable) and (ii) pay to the Sales Agent any commission, discount, or other compensation to which it would otherwise have been entitled absent such default.

  • Delivery of Agreements On the Effective Date, the Company shall have delivered to the Representative executed copies of the Transaction Documents.

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