Special Affirmative Covenants Concerning Warehousing Collateral Sample Clauses

Special Affirmative Covenants Concerning Warehousing Collateral. As long as the Warehousing Commitment is outstanding or there remain any Obligations to be paid or performed under this Agreement or under any other Loan Document, Borrower must:
Sample 1Sample 2Sample 3See All (19)
AutoNDA by SimpleDocs
Special Affirmative Covenants Concerning Warehousing Collateral. As long as the Commitments are outstanding or there remain any Obligations to be paid or performed under this Agreement or under any other Loan Document, Borrower shall:
Sample 1Sample 2Sample 3See All (17)
Special Affirmative Covenants Concerning Warehousing Collateral. As long as the Warehousing Commitment is outstanding or there remain any Obligations to be paid or performed under this Agreement or under any other Loan Document, Borrower must: Warrant and defend the right, title and interest of Lender in and to the Collateral against the claims and demands of all Persons. Service or cause to be serviced all Pledged Loans in accordance with the standard requirements of the issuers of Purchase Commitments covering them and all applicable HUD, Xxxxxx Xxx and Xxxxxxx Mac requirements, including taking all actions necessary to enforce the obligations of the obligors under such Mortgage Loans. Service or cause to be serviced all Mortgage Loans backing Pledged Securities in accordance with applicable governmental requirements and requirements of issuers of Purchase Commitments covering them. Hold all escrow funds collected in respect of Pledged Loans and Mortgage Loans backing Pledged Securities in trust, without commingling the same with non-custodial funds, and apply them for the purposes for which those funds were collected. Execute and deliver to Lender with respect to the Collateral those further instruments of sale, pledge, assignment or transfer, and those powers of attorney, as required by Lender, and do and perform all matters and things necessary or desirable to be done or observed, for the purpose of effectively creating, maintaining and preserving the security and benefits intended to be afforded Lender under this Agreement. Notify Lender within 3 Business Days of any default under, or of the termination of, any Purchase Commitment relating to any Pledged Loan, Eligible Mortgage Pool, or Pledged Security. Promptly comply in all respects with the terms and conditions of all Purchase Commitments, and all extensions, renewals and modifications or substitutions of or to all Purchase Commitments. Deliver or cause to be delivered to the Investor the Pledged Loans and Pledged Securities to be sold under each Purchase Commitment not later than the mandatory delivery date of the Pledged Loans or Pledged Securities under the Purchase Commitment. Compare the names of every mortgagor, guarantor and other obligor of every Mortgage Loan, together with appropriate identifying information concerning those Persons obtained by Borrower, against every Restriction List, and make certain that none of the mortgagors, guarantors or other obligors of any Mortgage Loan is a Person named in any Restriction List and to whom the provision of ...
Sample 1
Special Affirmative Covenants Concerning Warehousing Collateral. As long as the Warehousing Commitment is outstanding or there remain any Obligations to be paid or performed under this Agreement or under any other Loan Document, the Borrower must, unless the Lender consents in writing:
Sample 1
Special Affirmative Covenants Concerning Warehousing Collateral. 9-3 9.4. Special Negative Covenants Concerning Warehousing Collateral.................9-4 10. DEFAULTS; REMEDIES...................................................................10-1 10.1. Events of Default...........................................................10-1 10.2. Remedies....................................................................10-2 10.3. Application of Proceeds.....................................................10-5 10.4. Lender Appointed Attorney-in-Fact...........................................10-5 10.5. Right of Set-Off............................................................10-5 11. MISCELLANEOUS........................................................................11-1 11.1. Notices.....................................................................11-1 11.2. Reimbursement Of Expenses; Indemnity........................................11-1 11.3. Financial Information.......................................................11-2 11.4. Terms Binding Upon Successors; Survival of Representations..................11-2 11.5. Assignment..................................................................11-2 11.6. Amendments..................................................................11-3 11.7. Governing Law...............................................................11-3 11.8. Participations..............................................................11-3 11.9. Relationship of the Parties.................................................11-3 11.10. Severability................................................................11-3
Sample 1

Related to Special Affirmative Covenants Concerning Warehousing Collateral

  • Additional Affirmative Covenants All affirmative covenants made by the Borrowers or Guarantors or any of them in the Credit Agreement are incorporated herein by reference and are hereby also made by Trustor as to itself and the Trust Property as though such covenants were set forth at length herein as the covenants of Trustor.

  • BORROWER'S AFFIRMATIVE COVENANTS Each Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, such Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 6.

  • Affirmative Covenants of the Collateral Custodian From the Closing Date until the Collection Date:

  • AFFIRMATIVE COVENANTS OF BORROWER Borrower agrees with and covenants unto Lender that until the Loan Obligations have been paid in full, Borrower shall:

  • AFFIRMATIVE COVENANTS OF THE BORROWERS The Borrowers jointly and severally covenant and agree that, so long as any Loan or Note is outstanding or the Banks have any obligation to make Loans or the Agent has any obligation to issue, extend, or renew any Letters of Credit hereunder:

  • Affirmative Covenants of the Borrower So long as any Advance shall remain unpaid or the Liquidity Provider shall have any Maximum Commitment hereunder or the Borrower shall have any obligation to pay any amount to the Liquidity Provider hereunder, the Borrower will, unless the Liquidity Provider shall otherwise consent in writing:

  • Other Affirmative Covenants The Company shall:

  • AFFIRMATIVE COVENANTS Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

  • BORROWER'S NEGATIVE COVENANTS Borrower covenants and agrees that, so long as any of the Commitments hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7.

  • CERTAIN AFFIRMATIVE COVENANTS The Company or, to the extent required hereunder, any Subsidiary should fail to perform or comply with Sections 9(A) through 9(H)(2), 9(H)(6) through 9(H)(8) or any reporting covenant set forth in any Supplement hereto, and such failure continues for 15 days after written notice thereof shall have been delivered by Agent to the Company.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!