Underlying Obligor Sample Clauses

Underlying Obligor. To the Knowledge of the applicable Seller, the Underlying Obligor with respect to such Purchased Loan, as of the origination date of the Purchased Loan, (a) was a business organization (and not a natural person) duly organized and validly existing under the laws of its jurisdiction of organization; and (b) did not enter into the Purchased Loan primarily for personal, family or household purposes. Pursuant to Section 3(k) of that certain Master Repurchase and Securities Contract, dated as of February 6, 2019 (as amended, supplemented or otherwise modified from time to time, the “Repurchase Agreement”), between MUFG Bank, Ltd. (“Buyer”), MUFG Bank, Ltd. (“Buyer Agent”), [_____________] (“Seller”), [SPT Infrastructure Finance Sub-4, LLC,][SPT Infrastructure Finance Sub-4 (DT), LLC][and SPT Infrastructure Finance Sub-4 (OT), Ltd.] (collectively with Seller, the “Sellers”), Seller hereby requests that Buyer make a Subsequent Purchase from Seller in an amount equal to the Subsequent Purchase Request set forth below with respect to the following Purchased Loan: Request Date: Purchased Loan Name: Seller’s funded balance under Purchased Loan: $ Advance Rate: % Maximum Advance Rate : 82.5% Subsequent Advance: $ Subsequent Purchase Price: $ Funding Date: Funding Account Number: Capitalized terms used herein without definition have the meanings given in the Repurchase Agreement. [________________], as Seller By: Name: Title: MUFG BANK, LTD., as Buyer By: Name: Title: Ladies and Gentlemen: Pursuant to Section 3(a) of that certain Master Repurchase and Securities Contract dated as of February 6, 2019 (the “Agreement”), between MUFG BANK, LTD. (“Buyer”), MUFG BANK, LTD. (“Buyer Agent”), [_______________] (“Seller”), [SPT Infrastructure Finance Sub-4, LLC,][ SPT Infrastructure Finance Sub-4 (DT), LLC][ and SPT Infrastructure Finance Sub-4 (OT), Ltd.] (collectively with Seller, the “Sellers”), Seller hereby requests that Buyer enter into a Transaction with respect to the Eligible Loans set forth on Schedule 1 attached hereto, upon the proposed terms set forth below. Capitalized terms used herein without definition have the meanings given in the Agreement.
Sample 1
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Underlying Obligor. To Seller’s Knowledge, the Underlying Obligor (hereinafter defined) has been duly organized and is validly existing and in good standing under the laws of its jurisdiction of organization, with requisite power and authority to own its assets and to transact the business in which it is now engaged, the sole purpose of the Underlying Obligor under its organizational documents is to own, finance, sell or otherwise manage the related Mortgaged Property (or the Capital Stock of the Property owner) and to engage in any and all activities related or incidental thereto, and the related Mortgaged Property (or the capital stock of the related Property owner) constitute the sole assets of the Underlying Obligor.
Sample 1

Related to Underlying Obligor

  • Underlying Instruments Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a “securities intermediary” as defined in the UCC) to the contrary, none of the Collateral Agent nor any Securities Intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower, or the grant by the Borrower of a security interest to the Collateral Agent, of any Loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Underlying Instruments, or otherwise to examine the Underlying Instruments, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including without limitation any necessary consents). The Collateral Agent shall hold any Instrument delivered to it evidencing any Loan transferred to the Collateral Agent hereunder as custodial agent for the Secured Parties in accordance with the terms of this Agreement.

  • Originator The Person that originated the Mortgage Loan pursuant to a written agreement with the related Mortgagor.

  • Underlying Documents Copies of all documents described in any Exhibit attached hereto (or a summary of any such contract, agreement or commitment, if oral) have been made available to the Company and are complete and correct and include all amendments, supplements or modifications thereto.

  • Accounts and Notes Receivable Schedule 5.11 sets forth an accurate list of the accounts and notes receivable of the Company, as of the Balance Sheet Date, including any such amounts which are not reflected in the balance sheet as of the Balance Sheet Date, and including receivables from and advances to employees and the Stockholders, which are identified as such. Except to the extent reflected on Schedule 5.11, such accounts, notes and other receivables are collectible in the amounts shown on Schedule 5.11, net of reserves reflected in the balance sheet as of the Balance Sheet Date.

  • General Servicing Obligations The Company shall sell any REO Property within two years after its acquisition by the REMIC unless (i) the Company applies for an extension of such two-year period from the Internal Revenue Service pursuant to the REMIC Provisions and Code Section 856(e)(3), in which event such REO Property shall be sold within the applicable extension period, or (ii) the Company obtains for the Purchaser an Opinion of Counsel, addressed to the Purchaser and the Company, to the effect that the holding by the REMIC of such REO Property subsequent to such two year period will not result in the imposition of taxes on "prohibited transactions" as defined in Section 860F of the Code or cause the REMIC to fail to qualify as a REMIC under the REMIC Provisions or comparable provisions of relevant state laws at any time. The Company shall manage, conserve, protect and operate each REO Property for the Purchaser solely for the purpose of its prompt disposition and sale in a manner which does not cause such REO Property to fail to qualify as "foreclosure property" within the meaning of Section 860G(a)(8) or result in the receipt by the REMIC of any "income from non-permitted assets" within the meaning of Section 860F(a)(2)(B) of the Code or any "net income from foreclosure property" which is subject to taxation under Section 860G(a)(1) of the Code. Pursuant to its efforts to sell such REO Property, the Company shall either itself or through an agent selected by the Company protect and conserve such REO Property in the same manner and to such extent as is customary in the locality where such REO Property is located and may, incident to its conservation and protection of the interests of the Purchaser, rent the same, or any part thereof, as the Company deems to be in the best interest of the Company and the Purchaser for the period prior to the sale of such REO Property; provided, however, that any rent received or accrued with respect to such REO Property qualifies as "rents from real property" as defined in Section 856(d) of the Code.

  • Depositor Structured Asset Securities Corporation, a Delaware corporation having its principal place of business in New York, or its successors in interest.

  • The Transferor 5.1 warrants to the Transferee that it has full power to enter into this Transfer Certificate and has taken all corporate action necessary to authorise it to do so; 5.2 warrants to the Transferee that this Transfer Certificate is binding on the Transferor under the laws of England, the country in which the Transferor is incorporated and the country in which its lending office is located; and 5.3 agrees that it will, at its own expense, execute any documents which the Transferee reasonably requests for perfecting in any relevant jurisdiction the Transferee’s title under this Transfer Certificate or for a similar purpose.

  • Previously Reviewed Receivable If any Asset Review Receivable was included in a prior Asset Review, the Asset Representations Reviewer will not perform any Tests on it, but will include the results of the previous Tests in the Asset Review Report for the current Asset Review.

  • The Seller Subsection 14.01 Additional Indemnification by the Seller; Third Party Claims........................................... Subsection 14.02 Merger or Consolidation of the Seller..................

  • Periodic Reporting Obligations During the Prospectus Delivery Period, the Company will duly file, on a timely basis, with the Commission and the Trading Market all reports and documents required to be filed under the Exchange Act within the time periods and in the manner required by the Exchange Act.

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