Direction Notice. (a) Upon receipt of notice from Buyer (a “Direction Notice”) in which Buyer shall identify the mortgage loans which are sold to Buyer under the Repurchase Agreement (the “Mortgage Loans”), Servicer shall segregate all amounts collected on account of such Mortgage Loans, hold them in trust for the sole and exclusive benefit of Buyer, and remit such collections in accordance with Buyer’s written instructions. Further, Servicer shall follow the instructions of Buyer with respect to the Mortgage Loans, and shall deliver to Buyer any information with respect to the Mortgage Loans as reasonably requested by Buyer.
Direction Notice. On or before the Amendment Effective Date, the Collateral Agreement shall have received a Direction Notice, in form and substance satisfactory to the Collateral Agent, from the Requisite Percentage with respect to, among other things, the amendments to the Security Documents and the modifications to the General Collateral contemplated by this Amendment.
Direction Notice. (a) Upon receipt of notice from Buyer (a “Direction Notice”) in which Buyer shall identify the Mortgage Loans, Servicer shall segregate all amounts collected on account of such Mortgage Loans, hold them in trust for the sole and exclusive benefit of Buyer, and remit such collections in accordance with Xxxxx’s written instructions. Further, Servicer shall follow the instructions of Buyer with respect to the Mortgage Loans, and shall deliver to Buyer any information with respect to the Mortgage Loans as reasonably requested by Xxxxx.
Direction Notice. The Collateral Agent shall have received a Direction Notice, in form and substance satisfactory to the Collateral Agent, from the Requisite Percentage with respect to, among other things, the amendment to the Security Agreement and the General Security Agreement.
Direction Notice a notice from the Company delivered to the Deposit Agent on or prior to the Notice Date directing the Deposit Agent to (i) purchase from the Company, for transfer to each Holder, in lieu of all or a portion of the Quarterly Return Amount or any deferred Quarterly Return Amount (which has not been previously paid in cash or shares of Common Stock) on the next Deposit Payment Date, that number of whole shares of Common Stock determined by dividing such Quarterly Return Amount or deferred Quarterly Return Amount by 95% of the Market Value of the Common Stock as of the date of such notice or (ii) defer payment of any Quarterly Return Amount to Holders until the next Deposit Payment Date or any subsequent Deposit Payment Date.
Direction Notice. (a) Upon receipt of notice from Administrative Agent (a “Direction Notice”) in which Administrative Agent shall identify the mortgage loans which are sold to Administrative Agent on behalf of Buyers under the Repurchase Agreement (the “Mortgage Loans”), Servicer shall segregate all amounts collected on account of such Mortgage Loans, hold them in trust for the sole and exclusive benefit of Administrative Agent on behalf of Buyers, and remit such collections in accordance with Administrative Agent’s written instructions. Further, Servicer shall follow the instructions of Administrative Agent with respect to the Mortgage Loans, and shall deliver to Administrative Agent any information with respect to the Mortgage Loans as reasonably requested by Administrative Agent.
