Common use of MORTGAGE DEEDS Clause in Contracts

MORTGAGE DEEDS. 16.1 The Servicer shall or, as the case may be, shall procure that the Transferor shall keep the relevant Mortgage Deeds, the relevant Insurance Policies and any other documents specifically relating to the Relevant Mortgage Loans in safe custody and shall not without the prior written consent of the Security Trustee and the CBC part with possession, custody or control of them otherwise than to a sub-agent or sub-servicer appointed pursuant to Clause 3.4 above or to a lawyer or a civil law notary for the purposes of the redemption of Mortgage Loans. 16.2 The Servicer shall or, as the case may be, shall procure that the Transferor shall deliver copies of the relevant Mortgage Deeds to or to the order of the CBC and/or the Security Trustee upon written request made at any time and shall provide access to the relevant Mortgage Deeds, to the CBC and/or the Security Trustee and their agents at all reasonable times. The Servicer acknowledges that the Mortgage Deeds in its or, as the case may be, the Transferor's possession, custody or control will be, after execution of the Pledge Agreements, held on behalf of the CBC and the Security Trustee and irrevocably waives any rights or lien which it might have therein or to which it might at any time be entitled and shall procure that the Transferor shall waive any rights or lien which it might have therein or to which it might at any time be entitled.

Appears in 2 contracts

Samples: Servicing Agreement, Servicing Agreement

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MORTGAGE DEEDS. 16.1 The Servicer shall or, as the case may be, shall procure that the Transferor shall keep the relevant Mortgage Deeds, the relevant Life Insurance Policies and any other documents specifically relating to the Relevant Mortgage Loans in safe custody and shall not without the prior written consent of the Security Trustee and the CBC part with possession, custody or control of them otherwise than to a sub-agent or sub-servicer appointed pursuant to Clause 3.4 above or to a lawyer or a civil law notary for the purposes of the redemption of Mortgage Loans. 16.2 The Servicer shall or, as the case may be, shall procure that the Transferor shall deliver copies of the relevant Mortgage Deeds to or to the order of the CBC and/or the Security Trustee upon written request made at any time and shall provide access to the relevant Mortgage Deeds, to the CBC and/or the Security Trustee and their agents at all reasonable times. The Servicer acknowledges that the Mortgage Deeds in its or, as the case may be, the Transferor's possession, custody or control will be, after execution of the Pledge Agreements, held on behalf of the CBC and the Security Trustee and irrevocably waives any rights or lien which it might have therein or to which it might at any time be entitled and shall procure that the Transferor shall waive any rights or lien which it might have therein or to which it might at any time be entitled.

Appears in 2 contracts

Samples: Servicing Agreement, Servicing Agreement

MORTGAGE DEEDS. 16.1 The Servicer shall or, as the case may be, shall procure that the relevant Transferor shall keep the relevant Mortgage Deeds, the relevant Insurance Policies and any other documents specifically relating to the Relevant Mortgage Loans in safe custody and shall not without the prior written consent of the Security Trustee and the CBC part with possession, custody or control of them otherwise than to a sub-agent or sub-servicer appointed pursuant to Clause 3.4 above or to a lawyer or a civil law notary for the purposes of the redemption of Mortgage Loans. 16.2 The Servicer shall or, as the case may be, shall procure that the relevant Transferor shall deliver authentic copies of the relevant Mortgage Deeds to or to the order of the CBC and/or the Security Trustee upon written request made at any time and shall provide access to the relevant Mortgage Deeds, to the CBC and/or the Security Trustee and their agents at all reasonable times. The Servicer acknowledges that the Mortgage Deeds in its or, as the case may be, the relevant Transferor's possession, custody or control will be, after execution of the Pledge Agreements, held on behalf of the CBC and the Security Trustee and irrevocably waives any rights or lien which it might have therein or to which it might at any time be entitled and shall procure that the relevant Transferor shall waive any rights or lien which it might have therein or to which it might at any time be entitled.

Appears in 1 contract

Samples: Servicing Agreement

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MORTGAGE DEEDS. 16.1 15.1 The Servicer shall or, as the case may be, shall procure that the Transferor shall keep the relevant Mortgage Deeds, the relevant Life Insurance Policies, the relevant Life Risk Insurance Policies and any other documents specifically relating to the Relevant relevant Mortgage Loans in safe custody and shall not without the prior written consent of the Security Trustee and the CBC part with possession, custody or control of them otherwise than to a sub-agent or sub-servicer appointed pursuant to Clause 3.4 above or to a lawyer or a civil law notary for the purposes of the redemption of Mortgage Loans. 16.2 15.2 The Servicer shall or, as the case may be, shall procure that the Transferor shall deliver copies of the relevant Mortgage Deeds to or to the order of the CBC and/or the Security Trustee upon written request made at any time and shall provide access to the relevant Mortgage Deeds, to the CBC and/or the Security Trustee and their agents at all reasonable times. The Servicer acknowledges that the Mortgage Deeds in its or, as the case may be, the Transferor's possession, custody or control will be, after execution of the Pledge Agreements, held on behalf of the CBC and the Security Trustee and irrevocably waives any rights or lien which it might have therein or to which it might at any time be entitled and shall procure that the Transferor shall waive any rights or lien which it might have therein or to which it might at any time be entitled.

Appears in 1 contract

Samples: Servicing Agreement

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