Examples of Existing Mortgage Loans in a sentence
Banc One shall be liable for indemnification and repurchase obligations relating to the Existing Mortgage Loans under the terms of the Asset Purchase Agreement.
The Property Owners are the lessors under the Tenant Leases, and no Property Owner has, directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, assigned, transferred, encumbered, hypothecated, pledged or granted a security interest in any of the Tenant Leases or its interest therein (other than in connection with the Existing Mortgage Loans).
Banc One acknowledges that, as of the Closing Date, HomeSide Lending shall own all right, title and interest in the Existing Servicing Rights, subject to the terms of (a) the Servicing Agreement with respect to the Existing Portfolio Mortgage Loans, and (b) the applicable investor servicing agreements with respect to the remaining Existing Mortgage Loans.
Banc One Corporation shall cause any servicing agreements between any of Banc One's Affiliates relating to the Existing Mortgage Loans to terminate as of the Closing Date.
The expiration of this Operating Agreement shall not cause the Servicing Agreement or HomeSide Lending's right to service the Existing Mortgage Loans or the New Mortgage Loans serviced (at the date of such expiration) under the Servicing Agreement to terminate or otherwise expire.