Groups. No more than one pledge of the Servicing Rights to one secured party will be permitted. An Issuer may not grant a security interest to more than one secured party. Any purported grant of a security interest pertaining to less than the entire Xxxxxx Xxx portfolio is prohibited and shall be null and void.
Appears in 5 contracts
Samples: Acknowledgment Agreement, Acknowledgment Agreement, Acknowledgment Agreement
Groups. No more than one pledge of the Servicing Rights to one secured party will be permitted. An Issuer issuer may not grant a security interest to more than one secured party. Any purported grant of a security interest pertaining to less than the entire Xxxxxx Xxx portfolio is prohibited and shall be null and void.
Appears in 1 contract
Samples: Acknowledgment Agreement
