Examples of BANA in a sentence
The Purchaser intends to transfer the VRR Interest to Xxxxxx Xxxxxxx Bank, N.A. (“MSBNA”), BANA, Xxxxx Fargo Bank, National Association and JPMorgan Chase Bank, National Association (“JPMCB”) pursuant to the VRR Interest Transfer Agreement, dated as of the date hereof (the “VRR Interest Transfer Agreement”), between the Depositor, MSBNA, BANA, Xxxxx Fargo Bank, National Association and JPMCB.
Notwithstanding the foregoing, Note Holders hereby agree that, simultaneously with the closing of the Lead Securitization, the Master Servicer shall be deemed to have been automatically appointed as the successor Agent under this Agreement in place of BANA without any further notice or other action.
The relative fault of the Depositor and XXXX on the one hand and of each Underwriter on the other hand shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Depositor and BANA or by the Underwriters, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.
The indemnity provided by this Section 8 will be in addition to any liability that any Underwriter, the Depositor or BANA may otherwise have.
BANA, as Initial Agent, may transfer its rights and obligations to a Servicer, the Trustee or the Certificate Administrator, as successor Agent, at any time without the consent of any Note Holder.