OBLIGATIONS TO FORWARD PAYMENTS AND COMMUNICATIONS Sample Clauses

OBLIGATIONS TO FORWARD PAYMENTS AND COMMUNICATIONS. (a) The Seller shall promptly remit, or cause to be remitted, to the Purchaser all funds received by the Seller after the applicable Loan Purchase Date which constitute payments of principal or interest (including Interest Subsidy Payments) or Special Allowance Payments accrued after the applicable Loan Purchase Date with respect to any FFELP Loan.
Sample 1Sample 2Sample 3See All (34)
AutoNDA by SimpleDocs
OBLIGATIONS TO FORWARD PAYMENTS AND COMMUNICATIONS. A. The Lender shall promptly remit, or cause to be remitted, to the Trustee as the Servicer may direct, all funds received by the Lender after the Loan Purchase Date which constitute payments of principal, or interest or Special Allowance Payments accrued after the Loan Purchase Date with respect to any Financed Eligible Loan.
Sample 1Sample 2
OBLIGATIONS TO FORWARD PAYMENTS AND COMMUNICATIONS. (a) To the extent required by applicable law, the Seller shall promptly remit, or cause to be remitted, to the Purchaser all funds received by the Seller after the applicable Cut‑Off Date which constitute payments of principal or interest accrued after the applicable Cut‑Off Date with respect to any Transferred Loan.
Sample 1
OBLIGATIONS TO FORWARD PAYMENTS AND COMMUNICATIONS. A. The Seller shall promptly remit, or cause to be remitted, to the Trustee as the Servicer may direct, all funds received by the Seller after the Loan Purchase Date which constitute payments of principal, or interest accrued after the Loan Purchase Date, with respect to any Financed Eligible Loan.
Sample 1
OBLIGATIONS TO FORWARD PAYMENTS AND COMMUNICATIONS. A. The Lender shall promptly remit, or cause to be remitted, to the Trustee as the Servicer may direct, all funds received by the Lender after the Loan Purchase Date which constitute payments of principal, or interest or Special Allowance Payments accrued after the Loan Purchase Date with respect to any Financed Eligible Loan. B. The Lender shall immediately transmit to the Servicer any communication received by the Lender after the Loan Purchase Date with respect to a Financed Eligible Loan or the borrower under such a Financed Eligible Loan. Such communication shall include, but not be limited to, letters, notices of death or disability, adjudications of bankruptcy and similar documents, and forms requesting deferment of repayment or loan cancellations. 11.
Sample 1

Related to OBLIGATIONS TO FORWARD PAYMENTS AND COMMUNICATIONS

  • OBLIGATION TO REMIT SUBSEQUENT PAYMENTS AND FORWARD COMMUNICATIONS (A) Any payment received by the Seller with respect to amounts accrued after the date of the related Xxxx of Sale for any Purchased Loan sold to the Purchaser, which payment is not reflected in the related Loan Transmittal Summary Form, shall be received by the Seller in trust for the account of the Purchaser and the Seller hereby disclaims any title to or interest in any such amounts. Within two (2) Business Days following the date of receipt, the Seller shall remit to the Purchaser an amount equal to any such payments along with a listing on a form provided by the Purchaser identifying the Purchased Loans with respect to which such payments were made, the amount of each such payment and the date each such payment was received.

  • Documents and Communications The Collateral Trustee will permit each Secured Debt Representative and each holder of Secured Obligations upon reasonable written notice from time to time to inspect and copy, at the cost and expense of the party requesting such copies, any and all Security Documents and other documents, notices, certificates, instructions or communications received by the Collateral Trustee in its capacity as such.

  • Amendments and Supplements to Permitted Section 5(d) Communications If at any time following the distribution of any Permitted Section 5(d) Communication, there occurred or occurs an event or development as a result of which such Permitted Section 5(d) Communication included or would include an untrue statement of a material fact or omitted or would omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances existing at that subsequent time, not misleading, the Company will promptly notify the Representatives and will promptly amend or supplement, at its own expense, such Permitted Section 5(d) Communication to eliminate or correct such untrue statement or omission.

  • Preservation of Information; Communications to Securityholders (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders of Securities contained in the most recent list furnished to the Trustee as provided in Section 7.01 and the names and addresses of Holders of Securities received by the Trustee in its capacity as Security Registrar, if so acting. The Trustee may destroy any list furnished to it as provided in Section 7.01 upon receipt of a new list so furnished.

  • Conditions Precedent to the Obligations of the Company to sell Shares The obligation of the Company to sell Shares at the Closing is subject to the satisfaction or waiver by the Company, at or before the Closing, of each of the following conditions:

  • Preservation of Information; Communications to Holders (a) The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided in Section 7.1 and the names and addresses of Holders received by the Trustee in its capacity as Securities Registrar. The Trustee may destroy any list furnished to it as provided in Section 7.1 upon receipt of a new list so furnished.

  • Conditions to Xxxxx’x Obligations The obligations of Xxxxx hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by Xxxxx of a due diligence review satisfactory to Xxxxx in its reasonable judgment, and to the continuing satisfaction (or waiver by Xxxxx in its sole discretion) of the following additional conditions:

  • Communications to Shareholders Upon timely written instructions, PFPC shall mail all communications by the Fund to its shareholders, including:

  • Conditions Precedent to the Obligations of the Company to sell Securities The obligation of the Company to sell Securities at the Closing is subject to the satisfaction or waiver by the Company, at or before the Closing, of each of the following conditions:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!