Common use of Preservation of Collateral: Collateral Value Clause in Contracts

Preservation of Collateral: Collateral Value. Seller shall do all things necessary to preserve the Collateral so that it remains effective security hereunder. Without limiting the foregoing, Seller will comply with all rules, regulations and other laws of any governmental authority and cause the Collateral to comply with all applicable rules, regulations and other laws. Seller will not allow any default for which Seller is responsible to occur under any Collateral, and Seller shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents. c)

Appears in 1 contract

Samples: Master Repurchase Agreement (Metropolitan Mortgage & Securities Co Inc)

AutoNDA by SimpleDocs

Preservation of Collateral: Collateral Value. Each Seller and the Guarantor shall do all things necessary to preserve the Collateral so that it remains effective subject to a first priority perfected security interest hereunder. Without limiting the foregoing, each Seller and the Guarantor will comply with all rules, regulations and other laws of any governmental authority Governmental Authority and cause the Collateral to comply with all applicable rules, regulations and other laws. Each Seller will not allow any default for which Seller is responsible to occur under any Collateral, and Seller the Guarantor shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents. c).

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

Preservation of Collateral: Collateral Value. Each Seller shall do all things necessary to preserve the Collateral so that it remains effective subject to a first priority perfected security interest hereunder. Without limiting the foregoing, each Seller will comply in all material respects, with all rules, regulations and other laws of any governmental authority and cause Governmental Authority applicable to such Seller relating to the Collateral to comply with all applicable rules, regulations and other lawsCollateral. No Seller will not allow any material default for which such Seller is responsible to occur under any Collateral, Collateral or any Program Documents and Seller Sellers shall fully perform or cause to be performed in all material respects, when due due, all of its their obligations under any Collateral or the Program Documents. c).

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Preservation of Collateral: Collateral Value. Seller shall do all things necessary to preserve the Collateral so that it remains effective security hereunder. Without limiting the foregoing, Seller will comply with all rules, regulations and other laws of any governmental authority and cause the Collateral to comply with all applicable rules, regulations and other laws. Seller will not allow any default for which Seller is are responsible to occur under any Collateral, and Seller shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents. c).

Appears in 1 contract

Samples: Master Repurchase Agreement (Cfi Mortgage Inc)

AutoNDA by SimpleDocs

Preservation of Collateral: Collateral Value. Seller shall do all things necessary to preserve the Collateral so that it remains effective subject to a first priority perfected security interest hereunder. Without limiting the foregoing, Seller will comply with all rules, regulations and other laws of any governmental authority Governmental Authority and cause the Collateral to comply with all applicable rules, regulations and other laws. Seller will not allow any default for which Seller is responsible to occur under any Collateral, and Seller shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents. c).

Appears in 1 contract

Samples: Master Repurchase Agreement (Arbor Realty Trust Inc)

Preservation of Collateral: Collateral Value. Seller shall do all things necessary to preserve the Collateral so that it remains effective subject to a first priority perfected security interest hereunder. Without limiting the foregoing, Seller will comply with all rules, regulations and other laws of any governmental authority Governmental Authority and cause the Collateral to comply with all applicable rules, regulations and other laws. Seller will not allow any default for which Seller is responsible to occur under any Collateral, Collateral or any Program Documents and Seller shall fully perform or cause to be performed when due all of its obligations under any Collateral or the Program Documents. c).

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

Time is Money Join Law Insider Premium to draft better contracts faster.