Representations and Warranties of Seller as to Each Loan Sample Clauses

Representations and Warranties of Seller as to Each Loan. Seller represents and warrants to Buyer as of the Closing Date, with respect to each Loan being purchased by Buyer pursuant hereto, that: 5.
Sample 1
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Representations and Warranties of Seller as to Each Loan. It is understood and agreed by Seller and Buyer that, as a material inducement to Buyer to enter into this Agreement, Seller hereby represents and warrants to Buyer as of each Funding Date with respect to each Loan purchased on such Funding Date:
Sample 1
Representations and Warranties of Seller as to Each Loan. It is understood and agreed by Seller and Banc One that, as a material inducement to Banc One to enter into this Agreement and purchase Loans from Seller hereunder, Seller hereby represents and warrants to Banc One as of the related Funding Date for each Loan purchased on such Funding Date that: (a) Seller is a holder-in-due-course of each Note within the meaning of the Uniform Commercial Code in effect for the jurisdiction where the Mortgaged Property is located and where the Mortgagor is domiciled, and is the sole owner of the Loan and has the right to assign and transfer the Loan to Banc One. Seller has not sold, assigned or otherwise transferred any right or interest in or to the Loan and has not, unless disclosed to Banc One in writing, pledged the Loan as collateral for any loan or obligation of Seller or other purpose. The assignment of the Loan by Seller to Banc One validly transfers such Loan to Banc One free and clear of any pledges, liens, claims, encumbrance, mortgages, charges, exceptions or security interests. (b) Seller has transferred to Banc One all of its right, title and interest in the Note, the related Mortgage and the Loan Documents and Loan Files, and Banc One has purchased such Loan and the related Note, Mortgage, Loan Documents and Loan Files, with an individual current hazard insurance policy (including fire and extended coverage and other mattes as are customary in the area xx xxx Mortgage Property), or a blanket policy in lieu thereof, or a certificate if Banc One agrees in writing to accept a certificate, insuring the Mortgaged Property, with a loss payable clause in favor of Seller, its successors and assigns in an amount equal to at least ninety percent (90%) of the replacement value of the Mortgaged Property.
Sample 1

Related to Representations and Warranties of Seller as to Each Loan

  • REPRESENTATIONS AND WARRANTIES OF SELLER Seller represents and warrants to Buyer as follows:

  • REPRESENTATIONS AND WARRANTIES OF SELLERS Sellers represent and warrant to Buyer as follows:

  • Representations and Warranties of Each Fund Each Fund hereby severally and not jointly represents and warrants that each of the following shall be true, correct and complete with respect to each Fund at all times during the term of this Agreement: (i) the Fund is duly organized under the laws of its jurisdiction of organization and is registered as an open-end management investment company under the 1940 Act; and (ii) the execution, delivery and performance by the Fund of this Agreement are (w) within its power, (x) have been duly authorized by all necessary action, and (y) will not (A) contribute to or result in a breach of or default under or conflict with any existing law, order, regulation or ruling of any governmental or regulatory agency or authority, or (B) violate any provision of the Fund's corporate charter, Declaration of Trust or other organizational document, or bylaws, or any amendment thereof or any provision of its most recent Prospectus or Statement of Additional Information.

  • REPRESENTATIONS AND WARRANTIES OF SELLER PARTIES Each Seller Party hereby jointly and severally represents and warrants to the Purchasers as follows:

  • REPRESENTATIONS AND WARRANTIES OF EACH SELLER Each Seller, severally and not jointly, represents and warrants to Buyer as follows:

  • REPRESENTATIONS AND WARRANTIES OF SPAC SPAC hereby represents and warrants to each Company Shareholder and the Company during the Exclusivity Period as follows:

  • REPRESENTATIONS AND WARRANTIES OF EACH PURCHASER Each Purchaser, severally and not jointly, for itself and for no other Purchaser, hereby represents and warrants as of the date hereof and as of the Closing Date to the Company as follows (unless as of a specific date therein in which case they shall be accurate as of such date):

  • Representations and Warranties of Servicer The Servicer makes the following representations and warranties on which the Trust shall be deemed to have relied in accepting the Trust Property. The representations and warranties speak as of the execution and delivery of this Agreement and shall survive the sale, transfer, assignment and conveyance of the Trust Property to the Trust pursuant to this Agreement and the pledge of the Trust Property to the Indenture Trustee pursuant to the Indenture.

  • Representations and Warranties of XXXX XXXX hereby represents and warrants to the Seller and the Servicer as of the Initial Closing Date and each Subsequent Closing Date:

  • REPRESENTATIONS AND WARRANTIES OF TARGET 8 2.1 Organization, Standing and Power................................ 8 2.2

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