Enforcing Party definition

Enforcing Party. In connection with any Repurchase Request, (i) in the event one or more Requesting Certificateholders or Consultation Requesting Certificateholders has delivered a Final Dispute Resolution Election Notice with respect thereto pursuant to Section 2.03(g) of this Agreement, with respect to the mediation or arbitration that arises out of such Final Dispute Resolution Election Notice, such Requesting Certificateholder(s) and/or Consultation Requesting Certificateholder(s), or (ii) in all other cases, the Enforcing Servicer.

Enforcing Party. In connection with any Repurchase Request, (i) in the event one or more Dispute Resolution Requesting Holders has delivered a Final Dispute Resolution Election Notice with respect thereto pursuant to Section 2.03(g) of this Agreement, with respect to the mediation or arbitration that arises out of such Final Dispute Resolution Election Notice, such Dispute Resolution Requesting Holder(s), or (ii) in all other cases, the Enforcing Servicer.

Enforcing Party has the meaning set forth in Section 9.3.2.

Examples of Enforcing Party in a sentence

• In any event, the other Party shall reasonably cooperate with the Enforcing Party, including providing information and materials, at the Enforcing Party’s request and expense.

• Any further security over the Assets from the Trustee in favour of an Enforcing Party will be taken to be part of the Security and governed by this Deed.

• The parties agree that Security Trustee, or any other Enforcing Party, may but need not, take steps to cure, or procure the cure of, a Termination Event or (where relevant) prevent the occurrence of a Termination Event.

• In exercising its Powers on enforcement of any Security, an Enforcing Party will be entitled to exercise and enforce all or any rights, powers, authorities, discretions and remedies, and perform any obligations, of the Trustee under the Transaction Documents, as if it were a party in place, and to the exclusion, of the Trustee, but in doing so will have no greater rights or powers under a Transaction Document than those of the Trustee.

• The Enforcing Party shall keep the other Party regularly informed of the status and progress of such enforcement efforts, and shall reasonably consider the other Party’s comments on any such efforts.

More Definitions of Enforcing Party

Enforcing Party has the meaning set forth in Section 6(b).

Enforcing Party has the meaning set forth in Section 4.3.3 (Progress Reports; Participation).

Enforcing Party. The Person obligated to or that elects pursuant to the terms of this Agreement to enforce the rights of the issuing entity against the Mortgage Loan Seller with respect to the Repurchase Request.

Enforcing Party means Security Trustee or any Controller or attorney appointed under any Security.

Enforcing Party has the meaning set forth in Section 4.4(b) (Cooperation with Respect to Enforcement).

Enforcing Party has the meaning set forth in Section 4.4.3.

Enforcing Party shall have the meaning set forth in Section 7.3(b).