Examples of Depositor Loan Trustee in a sentence
The Depositor and the Depositor Loan Trustee for the benefit of the Depositor may acquire Reassigned Loans from the Issuer and the Issuer Loan Trustee for the benefit of the Issuer pursuant to Section 2.10 of the Sale and Servicing Agreement.
The execution and delivery by the Depositor Loan Trustee of this Agreement and any Transaction Document to which it is a party and the consummation by the Depositor Loan Trustee of the transactions provided for in this Agreement and any Transaction Document to which it is a party have been duly authorized by all necessary action on the part of the Depositor Loan Trustee.
In the event that either the Depositor or the Depositor Loan Trustee receives Collections, each agrees to pay to the Servicer all such Collections as soon as practicable after receipt thereof.
The Depositor Loan Trustee agrees to take any action reasonably requested by the Depositor in order to effectuate such cure or repurchase.
Upon discovery by the Depositor, the Depositor Loan Trustee or a Seller of a breach of any of the representations and warranties set forth in Sections 4.01 or 4.02, the party discovering such breach shall give notice to the other parties and to the Indenture Trustee and the Administrator within five (5) Business Days following such discovery; provided that the failure to give notice within five (5) Business Days does not preclude subsequent notice.
Any review by the Depositor, the Depositor Loan Trustee or their designee of the related Purchased Assets shall in no way reduce or alter such Seller’s obligations hereunder.
No filings, notices or other compliance with any bulk sales provisions of the UCC or other applicable Requirements of Law in respect of bulk sales are required to be made by such Seller, the Depositor or the Depositor Loan Trustee.
Each of the Owner Trustee the Depositor Loan Trustee, the Issuer Loan Trustee and the Back-up Servicer is a third-party beneficiary to this Indenture and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if such Person were a party hereto.
The Depositor and the Depositor Loan Trustee shall notify the Owner Trustee and the Indenture Trustee promptly after becoming aware of any Encumbrance on any Sold Asset conveyed by it to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer other than the conveyances hereunder and under the Loan Purchase Agreement and the Indenture.
Such Seller will not claim any interest in any Purchased Asset and will defend the ownership interest of the Depositor, the Depositor Loan Trustee for the benefit of the Depositor or their respective transferee in each Purchased Asset against any third party claiming through or under such Seller.