Common use of QUALIFICATIONS OF MARKET AGENT Clause in Contracts

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures by giving at least 30 days' notice to the Representative and the Trustee, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the Representative, by an instrument signed by an officer of the Representative, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures until the appointment by the Representative of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX A [Reserved]. [Reserved]. ANNEX C THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-D, CLASS MV-1, CLASS MV-2 and CLASS BV NOTICE OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:

Appears in 2 contracts

Samples: Sub Servicing Agreement (Money Store Home Equity Corp), Sub Servicing Agreement (TMS Mortgage Inc)

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QUALIFICATIONS OF MARKET AGENT. The Each Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Proceduresthis Second Supplemental Indenture. The Any Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures this Second Supplemental Indenture by giving at least 30 days' thirty days notice to the Representative Issuer and the Trustee, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Issuer and the acceptance of such appointment by such successor market agent. The Any Market Agent may be replaced at the direction of the RepresentativeIssuer, by an instrument signed by an officer Authorized Officer of the Representative, Issuer filed with the such Market Agent and the Trustee at least 30 thirty days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Issuer and the acceptance of such appointment by such successor market agent. In the event that the any Market Agent shall be removed or be dissolved, or if the property or affairs of the any Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent for any series of Series 2002 Notes, and the Representative Issuer shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this SectionSection 13, shall be deemed to be the Market Agent for such series for all purposes of these Auction Procedures this Second Supplemental Indenture until the appointment by the Representative Issuer of the successor Market Agent. Nothing in this Section 13 shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX A [Reserved]. [Reserved]. ANNEX C THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-D, CLASS MV-1, CLASS MV-2 and CLASS BV NOTICE OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:.

Appears in 1 contract

Samples: Collegiate Funding Services Inc

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. this Appendix B. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures this Appendix B by giving at least 30 days' days notice to the Representative Issuer and the Trustee, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Issuer and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the RepresentativeIssuer, by an instrument signed by an officer of the RepresentativeAuthorized Officer, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Issuer and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative Issuer shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures this Appendix B until the appointment by the Representative Issuer of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX A [Reserved]. [Reserved]. ANNEX APPENDIX C CERTAIN TERMS AND PROVISIONS OF THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-D, CLASS MV-1, CLASS MV-2 and CLASS BV NOTICE OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:1996B-3 SUBORDINATE LIBOR RATE NOTES ARTICLE I

Appears in 1 contract

Samples: Servicing Agreement (Union Financial Services I Inc)

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures by giving at least 30 days' notice to the Representative Trustee, the Auction Agent and the TrusteeServicer, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the RepresentativeServicer, by an instrument signed by an officer of the RepresentativeServicer, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative Servicer shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures until the appointment by the Representative Servicer of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX EXHIBIT A [Reserved]CONTRACT SCHEDULE (a copy can be obtained from the Trustee) XXXXXXX X-0 FORM OF CLASS A-1 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. [Reserved]OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. ANNEX C OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-DREGISTERED OWNER HEREOF, CLASS MV-1CEDE & CO., CLASS MV-2 and CLASS BV NOTICE HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________THE INTERNAL REVENUE CODE OF 1986, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:AS AMENDED (THE "CODE").

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC)

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures by giving at least 30 days' notice to the Representative and the Trustee, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the Representative, by an instrument signed by an officer of the Representative, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures until the appointment by the Representative of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX A [Reserved]. [Reserved]. ANNEX C THE MONEY STORE HOME EQUITY ASSET BACKED CERTIFICATES SERIES 1997-DA, CLASS MV-1, CLASS MV-2 and CLASS BV A-11 NOTICE OF CHANGE IN AUCTION DATE Notice CERTIFICATE INSURER DEFAULT NOTICE IS HEREBY GIVEN that a Certificate Insurer Default has occurred and is hereby given by continuing with respect to the Certificates identified above. The next Auction for the Series 1997-A, Class A-11 Certificates will not be held. The Auction Rate for the Series 1997-A, Class A-11 Certificates for the next succeeding Interest Period shall be the Non-Payment Rate. THE BANK OF NEW YORK, as Trustee Dated: By:________________________________ Name: Title: ANNEX B THE MONEY STORE HOME EQUITY ASSET BACKED CERTIFICATES SERIES 1997-A, CLASS A-11 NOTICE OF CURE OF CERTIFICATE INSURER DEFAULT NOTICE IS HEREBY GIVEN that an Certificate Insurer Default with respect to the Certificates identified above has been waived or cured. The next Remittance Date is and the next Auction Date is . THE BANK OF NEW YORK, as Trustee Dated: By: Name: Title: ANNEX C THE MONEY STORE HOME EQUITY ASSET BACKED CERTIFICATES SERIES 1997-A, CLASS A-11 NOTICE OF CHANGE IN AUCTION DATE Notice is hereby given by PRUDENTIAL SECURITIES INCORPORATED, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:

Appears in 1 contract

Samples: Sub Servicing Agreement (Money Store Home Equity Corp)

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures by giving at least 30 days' notice to the Representative Trustee, the Auction Agent and the TrusteeServicer, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the RepresentativeServicer, by an instrument signed by an officer of the RepresentativeServicer, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative Servicer shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures until the appointment by the Representative Servicer of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX EXHIBIT A CONTRACT SCHEDULE (SEE ATTACHED) Exhibit X-0 XXXXXXX X-0 FORM OF CLASS [Reserved]A-1] [A-2] CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. [Reserved]OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. ANNEX C OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-DREGISTERED OWNER HEREOF, CLASS MV-1CEDE & CO., CLASS MV-2 and CLASS BV NOTICE HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________THE INTERNAL REVENUE CODE OF 1986, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:AS AMENDED (THE "CODE").

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC)

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures by giving at least 30 days' notice to the Representative Trustee, the Auction Agent and the TrusteeServicer, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the RepresentativeServicer, by an instrument signed by an officer of the RepresentativeServicer, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative Servicer shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures until the appointment by the Representative Servicer of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX EXHIBIT A-1 GROUP I CONTRACT SCHEDULE (you can obtain a copy from the Trustee) XXXXXXX X-0 GROUP II CONTRACT SCHEDULE (you can obtain a copy from the Trustee) XXXXXXX X-0 FORM OF CLASS I A [Reserved]CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. [Reserved]OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. ANNEX C OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-DREGISTERED OWNER HEREOF, CLASS MV-1CEDE & CO., CLASS MV-2 and CLASS BV NOTICE HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________THE INTERNAL REVENUE CODE OF 1986, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:AS AMENDED (THE "CODE").

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC)

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures by giving at least 30 days' notice to the Representative Trustee, the Auction Agent and the TrusteeServicer, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the RepresentativeServicer, by an instrument signed by an officer of the RepresentativeServicer, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative Servicer shall not have appointed its a successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures until the appointment by the Representative Servicer of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX EXHIBIT A [Reserved]CONTRACT SCHEDULE (a copy can be obtained from the Trustee) Exhibit A-1 EXHIBIT B FORM OF CLASS A CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. [Reserved]OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. ANNEX C OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-DREGISTERED OWNER HEREOF, CLASS MV-1CEDE & CO., CLASS MV-2 and CLASS BV NOTICE HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________THE INTERNAL REVENUE CODE OF 1986, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:AS AMENDED (THE "CODE").

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit Manufactured Housing Cont Tru Ser 2001-2)

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures by giving at least 30 days' notice to the Representative and the Trustee, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the Representative, by an instrument signed by an officer of the Representative, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures until the appointment by the Representative of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX A [Reserved]CONTIMORTGAGE HOME EQUITY LOAN PASS-THROUGH CERTIFICATES SERIES 1998-1, CLASS A-8 NOTICE OF CERTIFICATE INSURER DEFAULT NOTICE IS HEREBY GIVEN that a Certificate Insurer Default has occurred and is continuing with respect to the Certificates identified above. [Reserved]The next Auction for the Series 1998-1, Class A-8 Certificates will not be held. The Auction Rate for the Series 1998-1, Class A-8 Certificates for the next succeeding Interest Period shall be the Non-Payment Rate. MANUFACTURERS AND TRADERS TRUST COMPANY, as Trustee Dated: By: Name: Title: ANNEX B CONTIMORTGAGE HOME EQUITY LOAN PASS-THROUGH CERTIFICATES SERIES 1998-1, CLASS A-8 NOTICE OF CURE OF CERTIFICATE INSURER DEFAULT NOTICE IS HEREBY GIVEN that an Certificate Insurer Default with respect to the Certificates identified above has been waived or cured. The next Payment Date is MANUFACTURERS AND TRADERS TRUST COMPANY, as Trustee Dated: By: Name: Title: ANNEX C THE MONEY STORE ASSET BACKED CONTIMORTGAGE HOME EQUITY LOAN PASS-THROUGH CERTIFICATES SERIES 19971998-D1, CLASS MV-1, CLASS MV-2 and CLASS BV A-8 NOTICE OF CHANGE IN AUCTION DATE Notice is hereby given by Merrill Lynch, as Market Agent for the captioned Certificates, that wixx xxxxexx xx the captioned Certificates, the Auction Date is hereby changed as follows: With respect to the captioned Certificates, the definition of "Auction Date" shall be deemed amended by substituting "_____________________, as Market Agent for _ (number) Business Day" in the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:second line thereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Contimortgage Home Equity Trust 1998-1)

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QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures by giving at least 30 days' notice to the Representative Trustee, the Auction Agent and the TrusteeServicer, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the RepresentativeServicer, by an instrument signed by an officer of the RepresentativeServicer, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative Servicer shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures until the appointment by the Representative Servicer of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX EXHIBIT A CONTRACT SCHEDULE (A copy can be obtain from the Trustee upon written request) XXXXXXX X-0 FORM OF CLASS [Reserved]A-1] [A-2] CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. [Reserved]OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. ANNEX C OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). NO TRANSFER OF THIS CERTIFICATE OR ANY INTEREST HEREIN MAY BE MADE TO ANY PERSON, UNLESS THE TRANSFEREE PROVIDES EITHER A CERTIFICATION PURSUANT TO SECTION 6.02(b) OF THE AGREEMENT OR AN OPINION OF COUNSEL SATISFACTORY TO THE CONTRACT SELLER, THE SERVICER AND THE TRUSTEE THAT THE PURCHASE OF THIS CERTIFICATE WILL NOT CONSTITUTE OR RESULT IN A NON-DEXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, CLASS MV-1AS AMENDED ("ERISA"), CLASS MV-2 and CLASS BV NOTICE OR SECTION 4975 OF CHANGE THE CODE AND WILL NOT SUBJECT THE CONTRACT SELLER, THE SERVICER OR THE TRUSTEE TO ANY OBLIGATION OR LIABILITY IN AUCTION DATE Notice is hereby given by _____________________ADDITION TO THOSE UNDERTAKEN IN THE AGREEMENT. NOTWITHSTANDING THE ABOVE, as Market Agent for the captioned CertificatesWITH RESPECT TO THE TRANSFER OF THIS CERTIFICATE TO A DEPOSITORY OR ANY SUBSEQUENT TRANSFER OF ANY INTEREST IN THIS CERTIFICATE FOR SO LONG AS THIS CERTIFICATE IS HELD BY A DEPOSITORY, that with respect to the captioned Certificates(I) NEITHER AN OPINION OF COUNSEL NOR A CERTIFICATION, the Auction Date is hereby changed as followsEACH AS DESCRIBED IN THE FOREGOING PARAGRAPH, SHALL BE REQUIRED, AND (II) THE FOLLOWING CONDITIONS SHALL APPLY:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC)

QUALIFICATIONS OF MARKET AGENT. The Each Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Proceduresthis First Supplemental Indenture. The Any Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures this First Supplemental Indenture by giving at least 30 days' thirty days notice to the Representative Issuer and the Trustee, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Issuer and the acceptance of such appointment by such successor market agent. The Any Market Agent may be replaced at the direction of the RepresentativeIssuer, by an instrument signed by an officer Authorized Officer of the Representative, Issuer filed with the such Market Agent and the Trustee at least 30 thirty days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Issuer and the acceptance of such appointment by such successor market agent. In the event that the any Market Agent shall be removed or be dissolved, or if the property or affairs of the any Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent for any series of Series 2001 Notes, and the Representative Issuer shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this SectionSection 13, shall be deemed to be the Market Agent for such series for all purposes of these Auction Procedures this First Supplemental Indenture until the appointment by the Representative Issuer of the successor Market Agent. Nothing in this Section 13 shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX A [Reserved]. [Reserved]. ANNEX C THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-D, CLASS MV-1, CLASS MV-2 and CLASS BV NOTICE OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:.

Appears in 1 contract

Samples: Collegiate Funding Services Inc

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. this Appendix A. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures this Appendix A by giving at least 30 days' days notice to the Representative Issuer and the Trustee, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Issuer and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the RepresentativeIssuer, by an instrument signed by an officer of the RepresentativeAuthorized Officer, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Issuer and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative Issuer shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures this Appendix A until the appointment by the Representative Issuer of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX A [Reserved]. [Reserved]. ANNEX C APPENDIX B CERTAIN TERMS AND PROVISIONS OF THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-D, CLASS MV-1, 1996B NOTES AND THE CLASS MV-2 and CLASS BV NOTICE OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:1996B-2 NOTES

Appears in 1 contract

Samples: Indenture of Trust (Union Financial Services I Inc)

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures by giving at least 30 days' notice to the Representative Trustee, the Auction Agent and the TrusteeServicer, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. The Market Agent may be replaced at the direction of the RepresentativeServicer, by an instrument signed by an officer of the RepresentativeServicer, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative Servicer shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures until the appointment by the Representative Servicer of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX EXHIBIT A [Reserved]CONTRACT SCHEDULE (a copy can be obtained from the Trustee) Exhibit A-1 EXHIBIT B FORM OF CLASS A CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. [Reserved]OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. ANNEX C OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-DREGISTERED OWNER HEREOF, CLASS MV-1CEDE & CO., CLASS MV-2 and CLASS BV NOTICE HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________THE INTERNAL REVENUE CODE OF 1986, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:AS AMENDED (THE "CODE").

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC)

QUALIFICATIONS OF MARKET AGENT. The Market Agent shall be a member of the National Association of Securities Dealers, Inc., have a capitalization of at least $50,000,000 and be authorized by law to perform all the duties imposed upon it by these Auction Procedures. The Market Agent may resign and be discharged of the duties and obligations created by these Auction Procedures by giving at least 30 days' notice to the Representative Trustee, the Auction Agent and the TrusteeServicer, provided that such resignation shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. The Market Agent may be Schedule I-18 replaced at the direction of the RepresentativeServicer, by an instrument signed by an officer of the RepresentativeServicer, filed with the Market Agent and the Trustee at least 30 days before the effective date of such replacement, provided that such replacement shall not be effective until the appointment of a successor market agent by the Representative Servicer and the acceptance of such appointment by such successor market agent. In the event that the Market Agent shall be removed or be dissolved, or if the property or affairs of the Market Agent shall be taken under the control of any state or federal court or administrative body because of bankruptcy or insolvency, or for any other reason, and there is no Market Agent and the Representative Servicer shall not have appointed its successor as Market Agent, the Trustee, notwithstanding the provisions of the first paragraph of this Section, shall be deemed to be the Market Agent for all purposes of these Auction Procedures until the appointment by the Representative Servicer of the successor Market Agent. Nothing in this Section shall be construed as conferring on the Trustee additional duties other than as set forth herein. ANNEX EXHIBIT A [Reserved]CONTRACT SCHEDULE (SEE ATTACHED) XXXXXXX X-0 FORM OF CLASS I A-1 CERTIFICATE UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION ("DTC"), TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. [Reserved]OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. ANNEX C OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE MONEY STORE ASSET BACKED CERTIFICATES SERIES 1997-DREGISTERED OWNER HEREOF, CLASS MV-1CEDE & CO., CLASS MV-2 and CLASS BV NOTICE HAS AN INTEREST HEREIN. SOLELY FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A "REGULAR INTEREST" IN A "REAL ESTATE MORTGAGE INVESTMENT CONDUIT," AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF CHANGE IN AUCTION DATE Notice is hereby given by _____________________THE INTERNAL REVENUE CODE OF 1986, as Market Agent for the captioned Certificates, that with respect to the captioned Certificates, the Auction Date is hereby changed as follows:AS AMENDED (THE "CODE").

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Financial Corp)

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