Common use of NEW INTERCOMPANY LOANS Clause in Contracts

NEW INTERCOMPANY LOANS. If Funding enters into a New Intercompany Loan Agreement or if a New Issuer otherwise acquires an interest in the Trust Property, then the Seller, Funding, the Security Trustee and the Mortgages Trustee shall execute such documents and take such action as may be reasonably required by the Security Trustee and the Rating Agencies for the purpose of including the New Issuer in the Transaction Documents including, without limitation: (a) effecting any necessary changes to Clause 4; (b) ensuring that any Transaction Document relevant to a New Issuer has been executed and delivered prior to the relevant Closing Date; and (c) executing and delivering all Assignments of Third Party Rights in relation to any New Portfolio.

NEW INTERCOMPANY LOANS. If Funding enters into a New Intercompany Loan Agreement or if a New Issuer otherwise acquires an interest in the Trust Property, then the Seller, Funding, the Security Trustee and the Mortgages Trustee shall execute such documents and take such action as may be reasonably required by the Security Trustee and the Rating Agencies for the purpose of including the New Issuer in the Transaction Documents including, without limitation: (a) effecting any necessary changes to Clause 4; (b) ensuring that any Transaction Document relevant to a New Issuer has been executed and delivered prior to the relevant Closing Date; and (c) executing and delivering all Assignments of Third Party Rights in relation to any New Portfolio.

NEW INTERCOMPANY LOANS. If Funding enters into a New Intercompany Loan Agreement or if a New Issuer otherwise acquires an interest in the Trust Property, then the Seller, Funding, the Security Trustee and the Mortgages Trustee shall execute such documents and take such action as may be reasonably required by the Security Trustee and the Rating Agencies for the purpose of including the New Issuer in the Transaction Documents including, without limitation: (a) effecting any necessary changes to Clause 4; (b) ensuring that any Transaction Document relevant to a New Issuer Issue has been executed and delivered prior to the relevant Relevant Closing Date; and (c) executing and delivering all Assignments of MIG Policies and Assignments of Third Party Rights in relation to any New Portfolio.