Examples of Deposited Documents in a sentence
In the escrow agreement by and among the Chargor, the Chargee and the said escrow agent, among other things, the condition for release of the Deposited Documents shall be the notice of default issued by Chargee solely, upon which notice, the escrow agent shall release the Deposited Documents to the Chargee and give notice of such release to the Chargor.
Immediately upon release of the amounts as described in the foregoing sentence, the Deposited Documents shall be released to the Agent.
The Custodian shall promptly notify the Buyer if (i) the Seller fails to pay any amount due to the Custodian in connection with this Agreement or (ii) the Custodian's direct employees responsible for performing the duties outlined in this Agreement have received written notification that any mortgage, pledge, lien, encumbrance or security interest (other than for the benefit of the Buyer) has been placed on the Required Documents, the Deposited Documents or the Mortgage Loans relating thereto.
The Custodian shall be responsible for identifying on its books and records that all such documents are being held for the benefit of the Buyer and for maintaining all Deposited Documents in separate records and files.
The Buyer hereby appoints Bank One as Custodian and Bank One hereby accepts its appointment as the Custodian, to act as the bailee and agent of the Buyer and its successors and permitted assigns, for the purpose of taking custody of all Deposited Documents delivered hereunder.
The Custodian shall use reasonable care and due diligence in the performance of its duties hereunder and shall, subject to the other provisions of this Agreement, hold the Deposited Documents under its exclusive custody and control and in accordance with Custodian's customary custodial standards that it applies when it is acting as document custodian for GNMA, FNMA and FHLMC.
While some Vendors may be non-U.S.-based companies, the E-ISAC does not approve any Vendor (1) that is subject to U.S. sanctions or other federal restrictions, (2) that engages in activities inconsistent with E-ISAC security practices, or (3) that presents other risk factors, including if there are operations in certain locations outside the U.S.All approved Vendors are required to execute a form that includes applicable terms and conditions governing confidentiality, security, conduct, and acceptable use.
In the event of such termination, the Buyer shall appoint a successor custodian and the Custodian shall promptly transfer to the successor custodian, as directed, all Required Documents and other Deposited Documents being held by the Custodian under this Agreement.
If no successor custodian is designated, the Custodian shall deliver all Required Documents and Deposited Documents to the Buyer.
The Custodian may act or refrain from acting in reliance upon any written communication of the Buyer concerning the delivery of the Deposited Documents.