Common use of Filing of Continuation Statements Clause in Contracts

Filing of Continuation Statements. On or before the fifth anniversary of the filing of any financing statements by the Transferor and the Depositor, respectively, with respect to the assets conveyed to the Grantor Trustee or to the Owner Trust, the Transferor and the Depositor shall prepare, have executed by the necessary parties and file in the proper jurisdictions all financing and continuation statements necessary to maintain the liens, security interests and priorities of such liens and security interests that have been granted by the Transferor and the Depositor, respectively, the Transferor and the Depositor shall continue to file on or before each fifth anniversary of the filing of any financing and continuation statements such additional financing and continuation statements until the Owner Trust and Grantor Trust have terminated pursuant to Section 9.1 of the Owner Trust Agreement and Section 7.01 of the Grantor Trust Agreement, respectively. The Indenture Trustee and Grantor Trustee agree to cooperate with the Transferor and the Depositor in preparing, executing and filing such statements. The Indenture Trustee and Grantor Trustee agree to notify the Transferor and the Depositor on the third Payment Date prior to each such fifth anniversary of the requirement that they file such financing and continuation statements. The filing of any such statement with respect to the Transferor and the Depositor shall not be construed as any indication of an intent of any party contrary to the expressed intent set forth in Section 2.03 hereof and Section 2.04

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv), Statements And (Empire Funding Home Loan Owner Trust 1997-5), Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998-1)

AutoNDA by SimpleDocs

Filing of Continuation Statements. On or before the fifth anniversary of the filing of any financing statements by the Transferor Mego and the Depositor, respectively, with respect to the assets conveyed to the Grantor Trustee or to the Owner Trust, the Transferor Mego and the Depositor shall prepare, have executed by the necessary parties and file in the proper jurisdictions all financing and continuation statements necessary to maintain the liens, security interests interests, and priorities of such liens and security interests that have been granted by the Transferor Mego and the Depositor, respectively, the Transferor and Mego and the Depositor shall continue to file on or before each fifth anniversary of the filing of any financing and continuation statements such additional financing and continuation statements until the Owner Trust and Grantor Trust have has terminated pursuant to Section 9.1 of the Owner Trust Agreement and Section 7.01 of the Grantor Trust Agreement, respectively. The Indenture Trustee and Grantor Trustee agree agrees to cooperate with the Transferor Mego and the Depositor in preparing, executing and filing such statements. The Indenture Trustee and Grantor Trustee agree agrees to notify the Transferor Mego and the Depositor on the third Payment Distribution Date prior to each such fifth anniversary of the requirement that they to file such financing and continuation statements. The filing of any such statement with respect to the Transferor Mego and the Depositor shall not be construed as any indication of an intent of any party contrary to the expressed intent set forth in Section 2.03 hereof 2.04 hereof. If Mego or the Depositor has ceased to do business whenever any such financing and continuation statements must be filed or Mego or the Depositor fails to file any such financing statements or continuation statements at least one month prior to the expiration thereof, the Indenture Trustee shall perform the services required under this Section 2.044.18.

Appears in 4 contracts

Samples: Insurance Agreement (Mego Financial Corp), Sale and Servicing Agreement (Mego Mortgage Corp), Sale and Servicing Agreement (Mego Financial Corp)

Filing of Continuation Statements. On or before the fifth anniversary of the filing of any financing statements by the Transferor and the Depositor, respectively, with respect to the assets conveyed to the Grantor Trustee or to the Owner Trust, the Transferor and the Depositor shall prepare, have executed by the necessary parties and file in the proper jurisdictions at their expense all financing and continuation statements necessary to maintain the liens, security interests and priorities of such liens and security interests that have been granted by the Transferor and the Depositor, respectively, the Transferor and the Depositor shall continue to file on or before each fifth anniversary of the filing of any financing and continuation statements such additional financing and continuation statements until the Owner Trust and Grantor Trust have terminated pursuant to Section 9.1 of the Owner Trust Agreement and Section 7.01 of the Grantor Trust Agreement, respectively. The Indenture Trustee and Grantor Trustee agree to cooperate with the Transferor and the Depositor in preparing, executing and filing such statements. The Indenture Trustee and Grantor Trustee agree to notify the Transferor and the Depositor on the third Payment Date prior to each such fifth anniversary of the requirement that they file such financing and continuation statements. The filing of any such statement with respect to the Transferor and the Depositor shall not be construed as any indication of an intent of any party contrary to the expressed intent set forth in Section 2.03 hereof and Section 2.04

Appears in 1 contract

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998 3)

AutoNDA by SimpleDocs

Filing of Continuation Statements. On or before the fifth anniversary of the filing of any financing statements by the Transferor DiTech and the Depositor, respectively, with respect to the assets conveyed to the Grantor Trustee or to the Owner Trust, the Transferor DiTech and the Depositor shall prepare, have executed by the necessary parties and file in the proper jurisdictions all financing and continuation statements necessary to maintain the liens, security interests and priorities of such liens and security interests that have been granted by the Transferor DiTech and the Depositor, respectively, the Transferor and DiTech and the Depositor shall continue to file on or before each fifth anniversary of the filing of any financing and continuation statements such additional financing and continuation statements until the Owner Trust Issuer and Grantor Trust have terminated pursuant to Section 9.1 of the Owner Trust Agreement and Section 7.01 of the Grantor Trust Agreement, respectively. The Indenture Trustee and Grantor Trustee agree to cooperate with the Transferor DiTech and the Depositor in preparing, executing and filing such statements. The Indenture Trustee and Grantor Trustee agree to notify the Transferor DiTech and the Depositor on the third Payment Date prior to each such fifth anniversary of the requirement that they file such financing and continuation statements. The filing of any such statement with respect to the Transferor DiTech and the Depositor shall not be construed as any indication of an intent of any party contrary to the expressed intent set forth in Section 2.03 hereof and Section 2.04

Appears in 1 contract

Samples: Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Ditech Home Loan Ownr 1998-1)

Time is Money Join Law Insider Premium to draft better contracts faster.