Examples of Asset Agreement in a sentence
Each Underlying Asset Agreement contains a legal, valid and binding obligation of the Obligor, enforceable in accordance with its terms, to pay the sums of money specified in it (other than an obligation to pay interest on overdue amounts).
Purchaser acknowledges coverage under the terms and provisions of the related Surety Bond as to any particular Pledged Asset Mortgage Loan shall terminate upon termination of the related Pledged Asset Agreement; provided, however, that such termination shall not affect claims arising under this Agreement or the related Surety Bond prior to the date of termination of the related Pledged Asset Agreement.
The Originator's interest in the Underlying Assets and the Related Security may be freely transferred without breaching any term or condition of the Underlying Asset Agreement.
Collateral (i.e. Underlying Assets, Related Security and the Underlying Asset Agreement) meet the eligibility criteria, representations and warranties or other conditions for sale.
Upon the occurrence of an Acceleration Event, the Fiduciary may in its discretion (without incurring any liability for any action taken or omitted to be taken except for gross negligence (faute grave) or wilful misconduct (dol)) and without further notice institute such proceedings as it sees fit against the relevant Fiduciary Asset Obligor to assert the Fiduciary's rights under the relevant Fiduciary Asset Agreement or Fiduciary Asset.