Examples of Cayman Agent in a sentence
The warranties and representations and the agreements made by the Seller herein shall survive delivery of the Mortgage Loans to the Trustee or Cayman Agent, as applicable, until the termination of the Pooling and Servicing Agreement, but shall not be further assigned by the Trustee or Cayman Agent, as applicable, to any Person.
In connection with its transfer of the Mortgage Loans to the Trust as contemplated by the recitals hereto, the Purchaser is expressly authorized to assign its rights and obligations under this Agreement (other than its rights and obligations under Sections 4(d) and 4(g)), in whole or in part, to the Trustee or Cayman Agent, as applicable, for the benefit of the registered holders and beneficial owners of the Certificates.
To the extent of any such assignment, the Trustee or Cayman Agent, as applicable, for the benefit of the registered holders and beneficial owners of the Certificates, shall be the Purchaser hereunder.
From and after the sale of the Mortgage Loans to the Purchaser, record title to each Mortgage (other than with respect to any Mortgage Loan that is a Non-Serviced Mortgage Loan) and each Mortgage Note shall be transferred to the Trustee or Cayman Agent, as applicable, subject to and in accordance with this Agreement.
With respect to letters of credit delivered in accordance with subclause (B) of clause (xii) of the definition of “Mortgage File”, within sixty (60) days of the Closing Date or such shorter period as is required by the terms of such letter of credit or other applicable Mortgage Loan documents, the Mortgage Loan Seller shall notify the bank issuing the letter of credit that the Master Servicer on behalf of the Trustee, or Cayman Agent, as applicable shall be the beneficiary under such letter of credit.
Any funds due after the Cut-off Date in connection with a Mortgage Loan received by the Seller shall be held in trust on behalf of the Trustee or Cayman Agent, as applicable, (for the benefit of the Certificateholders) as the owner of such Mortgage Loan and shall be transferred promptly to the Certificate Administrator.
It is anticipated that the Purchaser will transfer the Mortgage Loans to the Trustee or Cayman Agent, as applicable, on behalf of the Trust contemporaneously with its purchase of the Mortgage Loans hereunder.