Examples of Ginnxx Xxx in a sentence
No later than the [***] prior to each Monthly Payment Date, the Borrower shall deliver to the Administrative Agent (and promptly at the written request of Ginnxx Xxx, xx Ginnxx Xxx) x report in form and substance satisfactory to the Administrative Agent (the “Monthly Report”) which shall contain details and schedules agreed upon by the Borrower and the Administrative Agent prior to the Closing Date (as may be amended from time to time by the Borrower and the Administrative Agent).
Evidence, satisfactory in form and substance to the Administrative Agent that the Borrower has provided all notices required by Ginnxx Xxx xxx the Acknowledgement Agreement for the Borrower’s execution and delivery of this Amendment and performance of the Amended Credit Agreement.
The Borrower has not assigned, pledged, conveyed, or encumbered any Collateral hereunder to any other Person (except to the extent any such pledge has been released prior to the grant of any security interest thereon hereunder), and the Borrower is the sole owner of such Collateral and has good and marketable title thereto, free and clear of all Liens other than (x) Permitted Liens and (y) any rights retained by Ginnxx Xxx xxxsuant to the Ginnxx Xxx Xxxuirements.
The Borrower has adequate financial standing, facilities, procedures and experienced personnel necessary for the prudent oversight of subservicers to ensure the sound servicing of mortgage loans of the same types as may from time to time constitute Ginnxx Xxx Xxxtgage Loans and in accordance with Accepted Servicing Practices.
There are no breaches or defaults under the Transaction Documents, the Acknowledgment Agreement or the Ginnxx Xxx Xxxvicing Contract.
Once executed and delivered, this Agreement creates, as security for the Obligations, a valid and enforceable security interest in and Lien on all of the Collateral, in favor of the Administrative Agent, for the benefit of the Secured Parties, except that the Collateral may be subject to the Ginnxx Xxx Xxxuirements.
The Administrative Agent shall have completed, to its satisfaction, its due diligence review of the Borrower, the Collateral, Ginnxx Xxx xxx such other matters as the Administrative Agent and the Lenders shall have determined in the exercise of their reasonable discretion are necessary and proper for the execution, delivery and performance under this Agreement and the other Transaction Documents.
Each Lender agrees that no Lender shall have the right individually to seek to realize upon the security granted by any Transaction Document or the Acknowledgment Agreement or seek to enforce or have standing to exercise any remedy against Ginnxx Xxx xxxectly, it being understood and agreed that such rights and remedies may be exercised solely by the Administrative Agent for the benefit of the Secured Parties upon the terms of the Transaction Documents and the Acknowledgment Agreement.
Any change to or default under the Ginnxx Xxx Xxxvicing Contract that would result in a Material Adverse Effect on the Borrower.
The Borrower shall, within [***] notify the Administrative Agent in the event that it has voluntarily relinquished or delivered notice of its intent to sell or transfer Ginnxx Xxx Xxxvicing Contract rights constituting more than [***] of the aggregate Ginnxx Xxx Xxxvicing Contract rights of the Borrower with respect to Ginnxx Xxx, xx each case without the Administrative Agent’s prior express written consent.