OTHER AUTHORIZED ACTS Sample Clauses

OTHER AUTHORIZED ACTS. If from time to time any of the Loans covered under this Agreement are endorsed, assumed, guaranteed or insured, or the obligations thereunder are further secured by other collateral, then it is agreed that the Seller shall and the Seller is authorized to, act for Buyer with respect to such matters, as its interests may appear; provided that in the event any of said Loans are insured or guaranteed by a governmental agency or a private mortgage insurance company, the Seller shall be the mortgagee of record in relation to the contract of insurance or guaranty, and the insurer or guarantor shall have no obligation to recognize or deal with any other party except the approved mortgagee of record with respect to the rights, benefits and obligations of the mortgagee under the contract of insurance or guaranty.
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OTHER AUTHORIZED ACTS. If, from time to time, any of the loans covered under this Agreement are endorsed or insured, or the obligations thereunder are further secured by other collateral, then it is agreed that Seller shall (and that Seller is authorized to appoint Servicer as its agent), act for Buyer. Upon Buyer's written consent, Seller is authorized to release collateral security other than the real property described in the security instrument, to waive or collect special fees or charges, and to agree to substitution of personal liability, or to release persons secondarily liable.
Sample 1
OTHER AUTHORIZED ACTS. If, from time to time, any of the loans covered under this Agreement are endorsed, assumed, guaranteed, or insured, or the obligations there under are further secured by other collateral, then it is agreed that Servicer shall, and Servicer is authorized to, act for the Participants with respect to such matters, as their interests may appear; provided that in the event any of said loans are secured by a mortgage and are insured or guaranteed by a governmental agency, Seller shall be the mortgagee of record in relation to the contract of insurance or guaranty, and the insurer or guarantor shall have no obligation to recognize or deal with any other Party except the approved mortgagee of record with respect to the rights, benefits, and obligations of the mortgagee under the contract of insurance or guaranty. Servicer is authorized to waive or collect special fees or charges, and in the case of permitted loan assumptions or similar third-Party undertakings, to agree to an increased rate of interest. Substitution of Servicer. Participant may remove Servicer and substitute a new Servicer if Servicer, without reasonable business justification, fails to engage in active collection of the debt upon thirty
Sample 1

Related to OTHER AUTHORIZED ACTS

  • Unauthorized Acts Each Party agrees to:

  • Excluded Acts To indemnify Indemnitee for any acts or omissions or transactions from which a director may not be relieved of liability under applicable law;

  • Permitted Acts Nothing in this Agreement shall be construed to limit the ability of the Placement Agent, its officers, directors, employees, agents, associated persons and any individual or entity “controlling,” controlled by,” or “under common control” with the Placement Agent (as those terms are defined in Rule 405 under the Securities Act) to conduct its business including without limitation the ability to pursue, investigate, analyze, invest in, or engage in investment banking, financial advisory or any other business relationship with any individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

  • Additional Documents and Acts Each Member agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may be necessary or appropriate to effectuate, carry out and perform all of the terms, provisions, and conditions of this Agreement and the transactions contemplated hereby.

  • Further Assurances and Additional Acts Each Obligor shall execute, acknowledge, deliver, file, notarize, and register at its own expense all such further agreements, instruments, certificates, financing statements, documents, and assurances, and perform such acts as Agent reasonably shall deem necessary or appropriate to effectuate the purposes of this Agreement, and promptly provide Agent with evidence of the foregoing reasonably satisfactory in form and substance to Agent.

  • Further Instruments and Acts Upon request of the Indenture Trustee, the Issuer will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture.

  • Further Acts and Assurances Each of the Parties after convincing itself agrees to execute and deliver all such further agreements, documents and instruments, and to do and perform all such further acts and things, as shall be necessary or convenient to carry out the provisions of this Agreement and to consummate the transactions contemplated hereby.

  • Execution of Additional Documents Each party hereto shall make, execute, acknowledge and deliver such other instruments and documents, and take all such other actions as may be reasonably required in order to effectuate the purposes of this Agreement and to consummate the transactions contemplated hereby.

  • Further Assurances and Corrective Instruments Issuer and Company agree that they will, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as may reasonably be required for carrying out the intention of or facilitating the performance of this Agreement.

  • Execution of Additional Instruments Each Member hereby agrees to execute such other and further statements of interest and holdings, designations, powers of attorney and other instruments necessary to comply with any laws, rules or regulations.

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