Examples of Accepting Trustees in a sentence
The Accepting Trustees shall jointly retain the Expert to make any determinations and perform any calculations that are required in connection with the allocation of the Settlement Payment among the Settlement Trusts.
The Settlement Payment shall be allocated by the Accepting Trustees among the Settlement Trusts.
The Accepting Trustees shall use their reasonable best efforts to distribute the Settlement Payment to the Settlement Trusts as promptly as possible.
JPMorgan shall provide written notice to the Institutional Investors and any Accepting Trustees of the exercise of its right to terminate this Settlement Agreement in accordance with the terms thereof.
During the period of any Judicial Instruction Extension, the Accepting Trustees, JPMorgan, and the Institutional Investors shall each be obligated to use their reasonable best efforts to obtain Final Court Approval of the Settlement so long as there has been no material breach of this Settlement Agreement.
All references to “Trustee” or “Trustees” in this Subservicing Protocol shall be deemed to be references to the applicable Accepting Trustee or Accepting Trustees as defined in the Settlement Agreement.
JPMorgan shall have no responsibility for the maintenance or distribution of the Settlement Payment once paid into the applicable escrow accounts, which maintenance and distribution shall be the sole responsibility of the Accepting Trustees (each with respect to the Allocable Shares of the Settlement Trusts for which it acts as Trustee).
To the extent that JPMorgan elects to pursue any third-parties, unaffiliated with JPMorgan, for recovery based on the Released Claims related to the origination and/or sale of Mortgage Loans securitized by the Bear Xxxxxxx Trusts, the Accepting Trustees agree to use commercially reasonable efforts to assist such pursuit to the extent they are required to do so under the Governing Agreements.
The Institutional Investors and JPMorgan agree that upon the later of the Acceptance Date, Final Court Approval, or the date Final Court Approval becomes legally impossible, prior notices sent by the Institutional Investors to JPMorgan and/or any of the Accepting Trustees with respect to Rep and Warranty Claims and/or Servicing Claims shall be rendered null and void and will thereafter be rendered inoperative, as if they were never sent.
The provisions of this Agreement shall not affect the rights and obligations of the Accepting Trustees under the applicable Governing Agreements, which shall equally apply to all of such Trustee’s rights and obligations under this Settlement Agreement.