Mortgage Transfer Agent Sample Clauses

Mortgage Transfer Agent. In connection with any sales or Securitizations of Mortgage Loans to any Securitization Vehicle or any third-party purchaser arranged by any Servicer on behalf of the Issuer and in consideration of the Issuer’s commitment to purchase Eligible Loans from the Sellers in accordance with the terms hereof, the Servicer hereby agrees to serve as transfer agent (the Servicer in such capacity, the “Mortgage Transfer Agent”) with respect to such sales and Securitizations of Mortgage Loans on behalf of the Issuer at the request of the Servicer. In such capacity, the Mortgage Transfer Agent shall use commercially reasonable efforts to facilitate the sale or Securitization of Mortgage Loans to the applicable Securitization Vehicle or any third-party purchaser, including, without limitation, (i) obtaining nominal ownership of Mortgage Loans to be sold or Securitized in trust for the benefit of the Issuer, (ii) receiving any proceeds of such sales in trust on behalf of the Issuer, (iii) transferring such Mortgage Loans to any Agency under its applicable seller/servicer number and (iv) taking any other reasonable action to facilitate such sales and Securitizations as any applicable Securitization Vehicle, any third-party purchaser or the Servicer may reasonably request from to time. The Mortgage Transfer Agent shall deliver any proceeds it receives in connection with its services described in this Section 7.2 to the Servicer within one (1) Business Day of its receipt thereof. In addition, to the extent any Mortgage Transfer Agent obtains nominal ownership of any Mortgage Loans on behalf of the Issuer or all or any portion of the related Mortgage Loan Files in connection with its services described in this Section 7.2 and upon notice from the Servicer that any such proposed sale or Securitization of a pool of Mortgage Loans shall fail to be consummated for any reason, the Mortgage Transfer Agent, unless otherwise instructed by the Servicer, shall promptly take any action necessary to restore all right, title and interest of the Issuer to such Mortgage Loans and deliver the contents of any related Mortgage Loan Files in its possession to the Servicer. Notwithstanding the foregoing, the Mortgage Transfer Agent shall have no obligation to perform any action that the Mortgage Transfer Agent determines, in its sole discretion, would contravene the Guidelines or any applicable law, could cause the Mortgage Transfer Agent to be unable to comply with the eligibility requirements ...
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Related to Mortgage Transfer Agent

  • Co-Transfer Agents The Depositary may appoint one or more co-transfer agents for the purpose of effecting transfers, combinations and split-ups of Receipts at designated transfer offices on behalf of the Depositary. In carrying out its functions, a co-transfer agent may require evidence of authority and compliance with applicable laws and other requirements by Holders or persons entitled to such Receipts and will be entitled to protection and indemnity, in each case to the same extent as the Depositary. Such co-transfer agents may be removed and substitutes appointed by the Depositary. Each co-transfer agent appointed under this Section 2.5 (other than the Depositary) shall give notice in writing to the Depositary accepting such appointment and agreeing to be bound by the applicable terms of this Deposit Agreement.

  • Optional Purchase of Delinquent Mortgage Loans The Depositor, in its sole discretion, shall have the option, but shall not be obligated, to purchase any 90+ Delinquent Mortgage Loans from the Trust Fund. The purchase price for any such Mortgage Loan shall be 100% of the unpaid principal balance of such Mortgage Loan plus accrued and unpaid interest on the related Mortgage Loan at the applicable Mortgage Interest Rate, plus the amount of any unreimbursed Servicing Advances made by the Servicer. Upon receipt of such purchase price, the Servicer shall provide to the Trustee a Request for Release and the Trustee shall promptly release to the Depositor, the Mortgage File relating to the Mortgage Loan being repurchased.

  • Register Transfer Agent Instructions The Company shall maintain at its principal executive offices (or such other office or agency of the company as it may designate by notice to each holder of securities), a register for the Membership Interests and the Warrants, in which the Company shall record the name and address of the person in whose name the Membership Interests and the Warrants have been issued (including the name and address of each transferee), the number of Membership Interests held by such person, the number of Warrant Interests issuable upon exercise of the Warrants held by such person and the number of Membership Interests held by such person. The Company shall keep the register open and available at all times during normal business hours for inspection of any Buyer or its legal representatives.

  • Transfer Agent; Transfer Sheets For a period of three (3) years after the date of this Agreement, the Company shall retain a transfer agent and registrar acceptable to the Representative (the “Transfer Agent”) and shall furnish to the Representative at the Company’s sole cost and expense such transfer sheets of the Company’s securities as the Representative may reasonably request, including the daily and monthly consolidated transfer sheets of the Transfer Agent and DTC. VStock Transfer, LLC is acceptable to the Representative to act as Transfer Agent for the shares of Common Stock.

  • DEPOSIT OF FUND ASSETS WITH THE UNDERLYING TRANSFER AGENT Underlying Shares beneficially owned by the Fund, on behalf of a Portfolio, shall be deposited and/or maintained in an account or accounts maintained with an Underlying Transfer Agent and the Custodian’s only responsibilities with respect thereto shall be limited to the following:

  • TRANSFER AGENT’S CERTIFICATE The Company’s transfer agent shall have furnished or caused to be furnished to the Representative a certificate satisfactory to the Representative of one of its authorized officers with respect to the issuance of the Shares and such other customary matters related thereto as the Representative may reasonably request.

  • Transfer Agent System UMBFS shall retain all right, title and interest in and any and all computer programs, screen formats, report formats, procedures, data bases, interactive design techniques, derivative works, inventions, discoveries, patentable or copyrightable matters, concepts, expertise, trade secrets, trademarks and other related legal rights provided, developed or utilized by UMBFS in connection with the Services provided by UMBFS to the Trust hereunder.

  • Transfer Agent and Registrar The Trustees shall have power to employ a transfer agent or transfer agents, and a registrar or registrars, with respect to the Shares. The transfer agent or transfer agents may keep the applicable register and record therein, the original issues and transfers, if any, of the said Shares. Any such transfer agents and/or registrars shall perform the duties usually performed by transfer agents and registrars of certificates of stock in a corporation, as modified by the Trustees.

  • Special Servicing of Delinquent Mortgage Loans If permitted under the terms of the applicable Servicing Agreement, the Seller may appoint, pursuant to the terms of the applicable Servicing Agreement and with the written consent of the Depositor, the Master Servicer, the Trustee, the Securities Administrator and any NIMS Insurer, a Special Servicer to special service any Distressed Mortgage Loans. Any applicable Termination Fee related to the termination of the related Servicer and the appointment of any Special Servicer shall be paid by the Seller from its own funds, without right of reimbursement from the Trust Fund. Any fees paid to any such Special Servicer shall not exceed the Servicing Fee Rate.

  • Registrar and Transfer Agent To maintain, at its expense, a registrar and transfer agent for the Stock.

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