Initial Purchasers definition
Examples of Initial Purchasers in a sentence
Upon acceptance of appointment by a successor Trustee or Certificate Administrator as provided in this Section 8.8, the successor Trustee or Certificate Administrator shall mail notice of the succession of such Trustee or Certificate Administrator hereunder to all Holders of Certificates at their addresses as shown in the Certificate Register, the RR Interest Owners, the Depositor, the Servicer, the Special Servicer, the Borrowers, the Initial Purchasers and the Companion Loan Holders.
Notice of any removal of the Trustee or the Certificate Administrator and acceptance of appointment by the successor Trustee or Certificate Administrator shall be given to the Companion Loan Holders, each Rating Agency (through the successor 17g-5 Information Provider’s website, as applicable) and the Initial Purchasers by the successor Trustee or Certificate Administrator, as applicable.
No Person other than a party to this Agreement, the Initial Purchasers, any Certificateholder and any RR Interest Owner shall have any rights with respect to the enforcement of any of the rights or obligations hereunder.