Formation of Pools Sample Clauses

Formation of Pools. The Agent may, from time to time in its ------------------ sole discretion, at the request of the Company, transmit Pledged Mortgage Loans to a custodian that is acceptable to the Agent in connection with the issuance of Mortgage-backed Securities and the formation of pools of Mortgage Loans, subject, however, to the provisions of Sections 6 and 20 hereof. The Agent and its designated agent shall be entitled to rely on the written instructions of the Company in this regard and shall have no obligation to act in the absence of such written instructions.
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Formation of Pools. (a) With respect to each Pledged Mortgage Loan which is intended for inclusion in a pool of Mortgage Loans backing Gxxxxx Mxx Securities, the Borrower shall enter into and conform with such custody and related agreements and procedures as are reasonably required by the Agent to permit the creation, transmittal to, maintenance and sale of Gxxxxx Mae Securities in both certificated and uncertificated book-entry form. The Agent may enter into such agreements as may be necessary or appropriate in the sole discretion of the Agent in order to effectuate the issuance, maintenance and transfer of such Gxxxxx Mxx Securities under any such book-entry system or program. (b) With respect to each Pledged Mortgage Loan which is intended for inclusion in a Fxxxxx Mae or Fxxxxxx Mac Mortgage Loan pool to back book-entry Fxxxxx Mae Securities or Fxxxxxx Mac Securities, the Borrower agrees that it will enter into and conform to such agreements and procedures as are established by the Agent in its reasonable judgment from time to time for the delivery of Pledged Mortgage Loans to a Fxxxxxx Mac or Fxxxxx Mxx pool custodian (or directly to Fxxxxxx Mac or Fxxxxx Mxx, as the case may be) and the issuance, maintenance and transfer of Fxxxxxx Mac Securities or Fxxxxx Mxx Securities under such book-entry system or program. The Agent may enter into such agreements as may be necessary or appropriate in the reasonable judgment of the Agent in order to effectuate the issuance, maintenance and transfer of such Fxxxxx Mae Securities or Fxxxxxx Mac Securities under such book-entry system or program. (c) The Agent or its designated agent will use its best efforts to complete documents in a timely manner and otherwise to cooperate with the Borrower in the issuance of Mortgage-backed Securities and the formation of pools of Mortgage Loans as contemplated by this Section 10.03, subject, however, to the provisions of Sections 6 and 20 hereof, and will cause all Mortgage Loans delivered to a pool custodian to be accompanied by a Bailee Letter. The Agent and its designated agent shall be entitled to rely on the written instructions of the Borrower and the written instructions and published guidelines of the applicable Investor in this regard and shall have no obligation to act in the absence of such written instructions or published guidelines.
Sample 1
Formation of Pools. (a) With respect to each Pledged Mortgage Loan which is intended for inclusion in a pool of Mortgage Loans backing GNMA Securities, the Pledgor shall enter into and conform with such custody and related agreements and procedures as are reasonably required by the Collateral Agent, with the approval of the Agent, to permit the creation, transmittal to, maintenance and sale of GNMA Securities in both certificated and uncertificated book-entry form. The Collateral Agent may enter into such agreements as may be necessary or appropriate in the sole discretion of the Collateral Agent, with the approval of the Agent, in order to effectuate the issuance, maintenance and transfer of such GNMA Securities under any such book-entry system or program. (b) With respect to each Pledged Mortgage Loan which is intended for inclusion in a FNMA or FHLMC Mortgage Loan pool to back book-entry FNMA Securities or FHLMC Securities, the Pledgor agrees that it will enter into and conform to such agreements and procedures as are established by the Collateral Agent in its reasonable judgment, with the approval of the Agent, from time to time for the delivery of Pledged Mortgage Loans to a FHLMC or FNMA pool custodian (or directly to FHLMC or FNMA, as the case may be) and the issuance, maintenance and transfer of FHLMC Securities or FNMA Securities under such book-entry system or program. The Collateral Agent may enter into such agreements as may be necessary or appropriate in the reasonable judgment of the Collateral Agent, with the approval of the Agent, in order to effectuate the issuance, maintenance and transfer of such FNMA Securities or FHLMC Securities under such book-entry system or program. The Pledgor further agrees that the initial certifications and the settlements in connection with FNMA, FHLMC and GNMA pools are to be performed by the Collateral Agent or its designated agent. (c) The Collateral Agent or its designated agent (which designated agent must be pre-approved by the Agent) will use its best efforts to complete documents in a timely manner and otherwise to cooperate with the Pledgor in the issuance of Mortgage-Backed Securities and the formation of pools of Mortgage Loans as contemplated by this Section 10.03, and will cause all Mortgage Loans delivered to a pool custodian to be accompanied by a Bailee Letter. The Collateral Agent and such designated agent shall be entitled to rely on the written instructions of the Pledgor and shall have no obligation to act in ...
Sample 1
Formation of Pools. (a) With respect to each Pledged Mortgage Loan which is intended for inclusion in a pool of Mortgage Loans backing Xxxxxx Xxx Securities, the Borrower shall enter into and conform with such custody and related agreements and procedures as are reasonably required by the Agent to permit the creation, transmittal to, maintenance and sale of Xxxxxx Mae Securities in both certificated and uncertificated book-entry form. The Agent may enter into such agreements as may be necessary or appropriate in the sole discretion of the Agent in order to effectuate the issuance, maintenance and transfer of such Xxxxxx Xxx Securities under any such book-entry system or program. (b) With respect to each Pledged Mortgage Loan which is intended for inclusion in a Xxxxxx Mae or Xxxxxxx Mac Mortgage Loan pool to back book-entry Xxxxxx Mae Securities or Xxxxxxx Mac Securities, the Borrower agrees that it will enter into and conform to such agreements and procedures as are established by the Agent in its reasonable judgment from time to time for the delivery of Pledged Mortgage Loans to a Xxxxxxx Mac or Xxxxxx Xxx pool custodian (or directly to Xxxxxxx Mac or Xxxxxx Xxx, as the case may be) and the issuance, maintenance and transfer of Xxxxxxx Mac Securities or Xxxxxx Xxx Securities under such book-entry system or program. The Agent may enter into such agreements as may be necessary or appropriate in the reasonable judgment of the Agent in order to effectuate the issuance, maintenance and transfer of such Xxxxxx Mae Securities or Xxxxxxx Mac Securities under such book-entry system or program. (c) The Agent or its designated agent will use its best efforts to complete documents in a timely manner and otherwise to cooperate with the Borrower in the issuance of Mortgage-backed Securities and the formation of pools of Mortgage Loans as contemplated by this Section 10.03, subject, however, to the provisions of Sections 6 and 20 hereof, and will cause all Mortgage Loans delivered to a pool custodian to be accompanied by a Bailee Letter. The Agent and its designated agent shall be entitled to rely on the written instructions of the Borrower and the written instructions and published guidelines of the applicable Investor in this regard and shall have no obligation to act in the absence of such written instructions or published guidelines.
Sample 1

Related to Formation of Pools

  • Limitation of Powers The Trust is constituted solely for the purpose of making the investment in the Equipment Notes, and, except as set forth herein, the Trustee shall not be authorized or empowered to acquire any other investments or engage in any other activities and, in particular, the Trustee shall not be authorized or empowered to do anything that would cause such Trust to fail to qualify as a "grantor trust" for federal income tax purposes (including as subject to this restriction, acquiring any Aircraft (as defined in the respective Indentures) by bidding such Equipment Notes or otherwise, or taking any action with respect to any such Aircraft once acquired).

  • Protection of PFPC Trust PFPC Trust shall be indemnified by the Fund and without liability for any action PFPC Trust takes or does not take in reliance upon directions or advice or Oral Instructions or Written Instructions PFPC Trust receives from or on behalf of the Fund or from counsel and which PFPC Trust believes, in good faith, to be consistent with those directions or advice or Oral Instructions or Written Instructions. Nothing in this section shall be construed so as to impose an obligation upon PFPC Trust (i) to seek such directions or advice or Oral Instructions or Written Instructions, or (ii) to act in accordance with such directions or advice or Oral Instructions or Written Instructions.

  • Delegation of Powers Subject to any limitations set forth in the Act, the member(s) may delegate any of its powers to officers of the Company or to committees consisting of persons who may or may not be member(s). Every officer or committee shall, in the exercise of the power so delegated, comply with any restrictions that may be imposed on them by the member(s).

  • Dissemination of Policy All members of the contractor's staff who are authorized to hire, supervise, promote, and discharge employees, or who recommend such action, or who are substantially involved in such action, will be made fully cognizant of, and will implement, the contractor's EEO policy and contractual responsibilities to provide EEO in each grade and classification of employment. To ensure that the above agreement will be met, the following actions will be taken as a minimum: a. Periodic meetings of supervisory and personnel office employees will be conducted before the start of work and then not less often than once every six months, at which time the contractor's EEO policy and its implementation will be reviewed and explained. The meetings will be conducted by the EEO Officer. b. All new supervisory or personnel office employees will be given a thorough indoctrination by the EEO Officer, covering all major aspects of the contractor's EEO obligations within thirty days following their reporting for duty with the contractor. c. All personnel who are engaged in direct recruitment for the project will be instructed by the EEO Officer in the contractor's procedures for locating and hiring minorities and women. d. Notices and posters setting forth the contractor's EEO policy will be placed in areas readily accessible to employees, applicants for employment and potential employees. e. The contractor's EEO policy and the procedures to implement such policy will be brought to the attention of employees by means of meetings, employee handbooks, or other appropriate means.

  • Delegation of Power (a) Any Administrative Trustee may, by power of attorney consistent with applicable law, delegate to any other natural person over the age of 21 his or her power for the purpose of executing any documents contemplated in Section 2.7(a), including any registration statement or amendment thereto filed with the Commission, or making any other governmental filing; and (b) The Administrative Trustees shall have power to delegate from time to time to such of their number or to the Depositor the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Administrative Trustees or otherwise as the Administrative Trustees may deem expedient, to the extent such delegation is not prohibited by applicable law or contrary to the provisions of this Trust Agreement, as set forth herein.

  • Application of Policy The policy is to apply to everyone on site without distinction.

  • Introduction and Statement of Policy The National Institutes of Health (NIH) has established NIH-designated data repositories (e.g., database of Genotypes and Phenotypes (dbGaP), Sequence Read Archive (SRA), NIH Established Trusted Partnerships) for securely storing and sharing controlled-access human data submitted to NIH under the NIH Genomic Data Sharing (GDS)

  • Incorporation of Administrative Code Provisions by Reference The provisions of Chapters 12B and 12C of the San Francisco Administrative Code are incorporated in this Section by reference and made a part of this Agreement as though fully set forth herein. Contractor shall comply fully with and be bound by all of the provisions that apply to this Agreement under such Chapters, including but not limited to the remedies provided in such Chapters. Without limiting the foregoing, Contractor understands that pursuant to §§12B.2(h) and 12C.3(g) of the San Francisco Administrative Code, a penalty of $50 for each person for each calendar day during which such person was discriminated against in violation of the provisions of this Agreement may be assessed against Contractor and/or deducted from any payments due Contractor.

  • Protection of PFPC PFPC shall be indemnified by the Fund and without liability for any action PFPC takes or does not take in reliance upon directions or advice or Oral Instructions or Written Instructions PFPC receives from or on behalf of the Fund or from counsel and which PFPC believes, in good faith, to be consistent with those directions or advice and Oral Instructions or Written Instructions. Nothing in this section shall be construed so as to impose an obligation upon PFPC (i) to seek such directions or advice or Oral Instructions or Written Instructions, or (ii) to act in accordance with such directions or advice or Oral Instructions or Written Instructions.

  • Distribution of Public Keys Each of Registry Operator and Escrow Agent will distribute its public key to the other party (Registry Operator or Escrow Agent, as the case may be) via email to an email address to be specified. Each party will confirm receipt of the other party’s public key with a reply email, and the distributing party will subsequently reconfirm the authenticity of the key transmitted via offline methods, like in person meeting, telephone, etc. In this way, public key transmission is authenticated to a user able to send and receive mail via a mail server operated by the distributing party. Escrow Agent, Registry Operator and ICANN will exchange public keys by the same procedure.

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