Ownership of Loans. The Servicer shall identify the Loans clearly and unambiguously in its Servicing Records to reflect that the Loans are owned by the Issuer and have been pledged to the Indenture Trustee under the Indenture.
Ownership of Loans. The parties agree that SBBT will be the sole owner of the Financial Products loans made under the Program. In addition, SBBT shall have the authority to transfer or assign such loans at any time, provided that SBBT shall continue to be liable for any violation of law of such transferee or assignee. Without limiting the foregoing, (i) any such transfer or assignment (a) shall comply with all Applicable Laws, rules and regulations, and (b) shall not cause SBBT to breach any of its representations or obligations hereunder, and (ii) the transferee or assignee shall (a) represent, warrant and covenant to comply with all Applicable Laws, rules and regulations in the servicing and collection of such loans, (b) agree to provide customer service at a level at least as high as that offered by SBBT and (c) demonstrate to SBBT’s reasonable satisfaction the ability to comply with such representations, warranties and covenants.
Ownership of Loans. The parties agree that Republic will be the sole owner of the Financial Products loans made under the Program. In addition, Republic shall have the authority to transfer or assign such loans at any time, provided that Republic shall continue to be liable for any violation of law of such transferee or assignee. Without limiting the foregoing, (i) any such transfer or assignment (a) shall comply with all Applicable Laws, rules and regulations, and (b) shall not cause Republic to breach any of its representations or obligations hereunder, and (ii) the transferee or assignee shall (a) represent, warrant and covenant to comply with all Applicable Laws, rules and regulations in the servicing and collection of such loans, (b) agree to provide customer service at a level at least as high as that offered by Republic and (c) demonstrate to Republic’s reasonable satisfaction the ability to comply with such representations, warranties and covenants.
Ownership of Loans. E-LOAN is the sole owner of each Loan and has good and marketable title thereto, and has the right to assign, sell and transfer the Loan to Correspondent free and clear of any encumbrance, lien, pledge, charge, claim or security interest.E-LOAN has not sold, assigned or otherwise transferred any right or interest in or to the Loan and has not pledged the Loan as collateral for any debt or other purpose.
Ownership of Loans. SBBT shall be the sole owner of RALs made under the Program. SBBT shall have the authority to transfer or assign such loans at any time.
Ownership of Loans. Immediately prior to the transfer to the Purchaser of such Subordinate Loan Interest, the Seller had good title to, and was the sole owner of, such Subordinate Loan Interest. The Seller has full right, power and authority to transfer and assign each Subordinate Loan Interest to or at the direction of the Purchaser and has validly and effectively conveyed (or caused to be conveyed) to the Purchaser or its designee all of the Seller’s legal and beneficial interest in and to such Subordinate Loan Interest free and clear of any and all pledges, liens, charges, security interests and/or other encumbrances. The sale of such Subordinate Loan Interest to the Purchaser or its designee does not require the Seller to obtain any governmental or regulatory approval or consent that has not been obtained.
Ownership of Loans. Immediately prior to each Transaction, Seller shall be the sole owner and holder of the related Loans. No Purchased Loan is or shall be assigned or pledged to any Person other than Buyer, and Seller has good, indefeasible and marketable title thereto, and has full right to transfer and assign the Loan to Buyer free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest, and has full right and authority subject to no interest or participation of, or agreement with, any other party, to assign, transfer and pledge each Loan pursuant to this Agreement and following the sale of each Loan, Buyer will own such Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest except any such security interest created pursuant to the terms of this Agreement.
Ownership of Loans. With regard to the Loans being placed for servicing with Servicer, Client represents to Servicer that it owns all of the Loans and related records, and has the authority to place the Loans with Servicer. Full Collections Servicing Agreement 08-30-2022 Servicer initial: KJC Client Initial: CS Madison Management Services, LLC – 0000 Xxxxxxx Xx, Ste K-225, Reno, NV 89502 – NMLS 185724 – xxx.xxxxxxxxxxxxxxxxx.xxx
Ownership of Loans. Bank, Hewfant and JHTS agree that Bank will be sole owner of the RALs made under the Program. First Republic, in consultation with Hewfant, will set credit underwriting standards to evaluate applications for Program loans from time to time. First Republic may supply Hewfant no later than December 31 prior to any Tax Year, with an ASCII record of the names and social security numbers of all Taxpayers for which it will not authorize any RAL for that Tax Year, provided that this record is not excessive in size as determined by JHTS and Hewfant.
Ownership of Loans. (a) Upon receipt by Bank of Purchaser’s payment of the Purchase Price for a Purchaser Allocated Loan, the ROFR Purchase Price for a ROFR Loan and the Divested Loan Purchase Price for a Divested Loan, Purchaser shall be the sole owner for all purposes of such Purchaser Allocated Loan, such ROFR Loan or such Divested Loan, respectively. Each of Purchaser and Bank agrees to make entries on its books and records to clearly indicate the sale of each Purchased Loan to Purchaser hereunder. It is expressly agreed and understood that Bank will not assume and shall not have any liability to Purchaser for the repayment by the related Borrower of all or any portion of the Original Borrower Loan Amount, or for the servicing of, any Purchased Loan after the related Subsequent Closing Date.
