Notice to Initial Member Sample Clauses

Notice to Initial Member. The Company shall notify the Initial Member of each Loan with respect to which the Company seeks to exercise its rights under Section 6.1. Such notice shall be on the Company’s letterhead and include the following information: (a) the Company’s tax identification number, (b) the Company’s wire transfer instructions, (c) the loan number and other identifying information related to the Loan, (d) the subsection of Section 6.1 under which the Company is seeking to require the Initial Member to repurchase the Loan, (e) a summary of the reasons the Company believes that the Loan should be repurchased by the Initial Member and (f) a certification by the Company that the request for repurchase is being submitted in good faith and is complete and accurate in all respects to the best of the Company’s knowledge. The notice shall be accompanied by evidence supporting the basis for the Initial Member’s repurchase of such Loan. Promptly upon request by the Initial Member, the Company shall supply the Initial Member with any additional evidence that the Initial Member may reasonably request. The Initial Member shall have no obligation to repurchase any Loan pursuant to this Article VI for which notice and all supporting evidence reasonably required by the Initial Member have not been received by the Initial Member at the addresses specified in Article VI no later than the first Business Day after the expiration of (x) in the case of any purchase demand pursuant to Section 6.1(a) through (h), 180 calendar days after the Closing Date, or in the case of a Contract for Deed, the first Business Day after the expiration of 360 calendar days after the Closing Date, and (y) in the case of any purchase demand with respect to the issuance of an Order, thirty (30) days after the issuance of the Order.
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Notice to Initial Member. The Company shall notify the Initial Member of each Asset with respect to which the Company seeks to exercise its rights pursuant to Section
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Notice to Initial Member. The Company shall notify the Initial Member of each Mortgage Loan with respect to which the Company seeks to exercise its rights under Section 6.1. Such notice shall be on the Company’s letterhead and include the following information: (a) the Company’s tax identification number, (b) the Company’s wire transfer instructions, (c) the loan number and other identifying information related to the Mortgage Loan,
Sample 1

Related to Notice to Initial Member

  • Initial Members The initial Members of the LLC, their initial capital contributions, and their percentage interest in the LLC are as follows: Members Percentage Interest in LLC Capital Contribution (If any)

  • NOTICE TO MEMBERS All notices to be given under the Agreement to the Members shall be given in writing and shall be deemed given: (i) when deposited in the mail to the address shown below of the Member entitled to receive notice, postage prepaid, registered or certified;

  • Additional Members One or more additional members may be admitted to the Company with the consent of the Member. Prior to the admission of any such additional members to the Company, the Member shall amend this Agreement to make such changes as the Member shall determine to reflect the fact that the Company shall have such additional members. Each additional member shall execute and deliver a supplement or counterpart to this Agreement, as necessary.

  • Initial Decision Maker The Architect will serve as the Initial Decision Maker pursuant to Article 15 of AIA Document A201–2017, unless the parties appoint below another individual, not a party to this Agreement, to serve as the Initial Decision Maker. (If the parties mutually agree, insert the name, address and other contact information of the Initial Decision Maker, if other than the Architect.) « » « » « » « »

  • New Members No person may be admitted as a member of the Company without the approval of the Member.

  • Electronic Notice to Borrower Unless another delivery method is required by Applicable Law, Lender may provide notice to Borrower by e-mail or other electronic communication (“Electronic Communication”) if: (i) agreed to by Xxxxxx and Xxxxxxxx in writing; (ii) Borrower has provided Lender with Borrower’s e-mail or other electronic address (“Electronic Address”); (iii) Lender provides Borrower with the option to receive notices by first class mail or by other non-Electronic Communication instead of by Electronic Communication; and (iv) Lender otherwise complies with Applicable Law. Any notice to Borrower sent by Electronic Communication in connection with this Security Instrument will be deemed to have been given to Borrower when sent unless Lender becomes aware that such notice is not delivered. If Xxxxxx becomes aware that any notice sent by Electronic Communication is not delivered, Xxxxxx will resend such communication to Borrower by first class mail or by other non-Electronic Communication. Xxxxxxxx may withdraw the agreement to receive Electronic Communications from Lender at any time by providing written notice to Xxxxxx of Xxxxxxxx’s withdrawal of such agreement.

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