Examples of Agency Servicing Rights in a sentence
For the avoidance of doubt, Borrower shall list Agency Servicing Rights that are Pledged to Lender on Schedule 4.1(a)(2).
Pledged Agency Servicing Rights under Servicing Agreements with any Agency will have a Market Value of zero for purposes of determining Collateral Value until the date on which an Acknowledgment Agreement covering such Pledged Agency Servicing Rights has been executed and delivered by the applicable Borrower, the Lender and such Agency.
Notwithstanding any other provision hereof to the contrary, Administrative Agent may elect, but shall not be obligated, to treat Agency Servicing Rights and the related Participation Certificates as having zero Asset Value until the date on which an Acknowledgment Agreement covering such has been executed and delivered by the Seller, Administrative Agent, for the benefit of Buyers, and Xxxxxx Xxx or such other investor or guarantor, as applicable.
Borrower shall, or shall cause Other Party to, deliver to Lender copies of any Uniform Commercial Code filings pertaining to the pledged Agency Servicing Rights pledged to any Other Party, together with an electronic listing (in Microsoft Excel format) of any such collateral described therein, contemporaneously with the recording of the same in any jurisdiction.
Monthly, a report, to deliver to the Lender in form and substance acceptable to the Lender, detailing the most current unpaid principal balance of all Pledged Agency Servicing Rights, any request for, or resolution of a prior request for, repurchase or indemnity under the Pledged Servicing Agreements, updated information from the most recent servicing valuation report and delinquency and foreclosure information.
Hence for a 4 frame history, every alternate frame is sampled, while for a 2 frame history, every fourth frame is sampled.
Borrower shall not permit any Agency Servicing Rights, other than the Agency Servicing Rights set forth on Schedule 4.1(a)(1) and delivered by Borrower to Lender as of the Closing Date, to become Excluded Collateral.
Notwithstanding any other provision hereof to the contrary, Lender may elect, but shall not be obligated, to treat Agency Servicing Rights and the related Participation Certificates as having zero Collateral Value until the date on which an Acknowledgment Agreement covering such has been executed and delivered by the Borrower, Lender and Xxxxxx Xxx, Xxxxxxx Mac, Xxxxxx Xxx or such other investor or guarantor, as applicable.
Upon the creation of any Agency Servicing Rights relevant to FNMA on or after the Agreement Date, Agent will have a valid, enforceable, perfected first priority Lien and security interest in such Agency Servicing Rights, subject only to the rights of FNMA under the applicable Agency Servicing Agreements (including the FNMA Guide).
Notwithstanding any other provision hereof to the contrary, Buyer may elect, but shall not be obligated, to treat Agency Servicing Rights and the related Participation Certificates as having zero Asset Value until the date on which an Acknowledgment Agreement covering such has been executed and delivered by the Seller, Buyer and Xxxxxx Xxx, Xxxxxxx Mac, Xxxxxx Xxx or such other investor or guarantor, as applicable.