Asset Schedule and Exception Report shall have the meaning specified in the Custodial Agreement.
Asset Schedule and Exception Report. With respect to any Mortgage Asset File, (1) the Mortgage Asset Schedule; (2) an inventory report listing each of the documents in the Mortgage Asset File being held by Custodian for the benefit of Buyer in respect thereof; and (3) a list of codes identifying all Exceptions related thereto. Each Asset Schedule and Exception Report shall set forth (a) the Purchased Assets being sold to Buyer on any applicable Purchase Date as well as the Purchased Assets previously sold to Buyer and held by Custodian hereunder, (b) all Exceptions with respect thereto, with any updates thereto from the time last delivered, (c) upon a Request for Release from Seller pursuant to Section 5.03 hereof, shipping information, including airbill number and name and address and (d) the number of days elapsed since the date of shipment referred to in clause (c).
Asset Schedule and Exception Report shall have the meaning assigned thereto in the Deutsche Custodial and Disbursement Agreement.
Examples of Asset Schedule and Exception Report in a sentence
The Custodian shall deliver to the Administrative Agent an Asset Schedule and Exception Report relating to all of the Mortgage Loan Documents within five (5) Business Days of its receipt of the related Mortgage Asset Files.
Notwithstanding anything to the contrary set forth herein, in the event that the Asset Schedule and Exception Report attached to the Trust Receipt is different from the most recently delivered Asset Schedule and Exception Report, then the most recently delivered Asset Schedule and Exception Report shall control and be binding upon the parties hereto.
The Borrowers shall promptly correct any and all Exceptions set forth on any Asset Schedule and Exception Report.
Custodian shall track the period of time that has elapsed for any release of Purchased Assets under Sections 5.01, 5.02, 5.03 and 5.04 of this Agreement and shall report such information to Buyer in the same manner and at the same time as Custodian provides an Asset Schedule and Exception Report.
The Exceptions shall be set forth with particularity in the Asset Schedule and Exception Report, especially as regards the nature of the defective or missing document or the lack of evidence of recordation.
More Definitions of Asset Schedule and Exception Report
Asset Schedule and Exception Report means the asset schedule ----------------------------------- and exception report prepared by the Custodian pursuant to the Custodial Agreement.
Asset Schedule and Exception Report means a list delivered by Custodian to Buyer on each Business Day, which sets forth the Mortgage Loans held by Custodian for the benefit of Buyer (with Mortgage Loans with Fatal Exceptions clearly identified as such), which includes the exception codes set forth on Annex 11 hereto indicating any Exceptions with respect to each Eligible Asset listed thereon. Each Asset Schedule and Exception Report shall set forth (a) the Mortgage Loans being sold to Buyer on any applicable Purchase Date as well as the Mortgage Loans previously sold to Buyer and held by Custodian hereunder, and (b) all Exceptions with respect thereto, with any updates thereto from the time last delivered.
Asset Schedule and Exception Report shall have the meaning specified in the Custodial Agreement. “Assets” shall have the meaning specified in Article 1. “Bailee” shall mean Ropes & Xxxx LLP or any other law firm reasonably acceptable to Purchaser that has delivered at Seller’s request a Bailee Letter with respect to any Purchased Asset. “Bailee Letter” shall mean a letter from Seller and acknowledged by Bailee and Purchaser substantially in the form attached hereto as Exhibit XII, pursuant to which the Bailee (i) agrees to issue a Bailee Trust Receipt upon taking possession of the Purchased Asset Documents identified in such Bailee Letter, (ii) confirms that it is holding the Purchased Asset Documents as bailee for the benefit of Purchaser under the terms of such Bailee Letter, (iii) agrees that it shall deliver such Purchased Asset Documents to the Custodian, or as otherwise directed by Purchaser in writing, by not later than the third (3rd) Business Day following the Purchase Date for the related Purchased Asset and (iv) agrees to indemnify Purchaser and Seller for any failure of Bailee to deliver the Purchased Asset Documents in accordance with the Bailee Letter. “Bailee Trust Receipt” shall mean a trust receipt issued by Bailee to Purchaser in accordance with and substantially in the form contained in the Bailee Letter confirming the Bailee’s possession of the Purchased Asset Documents listed thereon. “Bankruptcy Code” shall mean Title 11 of the United States Code, as amended from time to time, or any successor statute. “Business Day” shall mean a day other than (a) a Saturday or Sunday, or (b) a day in which the New York Stock Exchange or banks in the State of New York are authorized or obligated by law or executive order to be closed. “Breakage Costs” shall have the meaning specified in Article 27(b). “Capital Stock” shall mean any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent equity ownership interests in a Person which is not a corporation, including, without limitation, any and all member or other equivalent interests in any limited liability company, and any and all warrants or options to purchase any of the foregoing. “Capitalized Lease Obligations” shall mean, with respect to any Person, obligations of such Person to pay rent or other amounts under a lease of a property that are required to be capitalized for financial reporting purposes in accordance with GAAP. The amount of a Capital...
Asset Schedule and Exception Report. A list delivered by the Custodian to the Purchaser on the Business Days required herein reflecting the Eligible Assets or Purchased Assets, as applicable, held by the Custodian for the benefit of the Purchaser on such Business Day, which list shall include (i) the Purchase Price for each such Eligible Asset or Purchased Asset, as applicable, (ii) the Eligible Assets being sold to the Purchaser on any applicable Purchase Date, as well as the Purchased Assets previously sold to the Purchaser and held by the Custodian hereunder, (iii) all Exceptions with respect to the Eligible Assets or Purchased Assets, as applicable, with any updates thereto from the time the last Asset Schedule and Exception Report was delivered, and (iv) upon receipt of a Request for Release from the Seller pursuant to Section 5.3 hereof, (a) shipping information, including airbill number and name and address, and (b) the number of days elapsed since the date of shipment referred to in clause (iv)(a).
Asset Schedule and Exception Report means, with respect to any Loan File, a list attached to a Custodial File Document Receipt Certificate of all the related Collateral Loans and the documents being held by the Custodian in respect thereof, together with a list of codes identifying all Exceptions related thereto. Each Asset Schedule and Exception Report shall set forth (a) the Collateral Loans subject to the Lien of the Administrative Agent for the benefit of the Secured Parties on any applicable Business Day, as well as the other Collateral Loans held by the Custodian pursuant to the Custodial Agreement, and (b) all Exceptions with respect thereto, with any updates thereto from the time last delivered.
Asset Schedule and Exception Report means, howsoever defined in the applicable Custodial Agreement, a schedule identifying the mortgage assets with respect to which the applicable Custodian is holding the related Asset File under the Custodial Agreement, and including any inventory and exceptions with respect to the documents and instruments required to be included in such Asset File.
Asset Schedule and Exception Report means, with respect to any Loan File, a list attached to a Custodial File Document Receipt Certificate of all the related Collateral Loans and the documents being held by the Custodian in respect thereof, together with a list of codes identifying all Exceptions related thereto. Each Asset Schedule and Exception Report shall set forth (a) the Collateral Loans subject to the Lien of the Administrative Agent for the benefit of the Secured Parties on any applicable Business Day, as well as the other Collateral Loans held by the Custodian pursuant to the Custodial Agreement, and (b) all Exceptions with respect thereto, with any updates thereto from the time last delivered. “Assignment and Acceptance” means an Assignment and Acceptance in substantially the form of Exhibit C, entered into by a Lender, an assignee, the Administrative Agent and, if applicable, the Borrower. “Assignment of Mortgage” means, with respect to a Collateral Loan, the executed instrument of assignment of the related Mortgage in recordable form and all other documents securing such Loan in substantially the form of Exhibit F-1 and that is in a form sufficient under the laws of the jurisdiction in which the Project Property which is the subject of such Mortgage is located to permit the assignee to exercise all rights granted by the seller under such Mortgage and such other documents and all rights available under applicable law to the obligee under such Loan and which may also, to the extent permitted by the laws of the state in which the Project Property is located, be a blanket instrument of assignment covering other Mortgages; provided, however, that the Custodian shall have no obligation to determine whether any such assignment is in recordable form. - 3- 34881204v6 110062879