Examples of Initial Servicers in a sentence
Performance Guarantor hereby guarantees to Recipient, the full and punctual payment and performance by Originator and the Initial Servicers of their respective Guaranteed Obligations.
This Performance Undertaking shall survive the insolvency of Originator or either of the Initial Servicers and the commencement of any case or proceeding by or against Originator or either of the Initial Servicers under the federal bankruptcy code or other federal, state or other applicable bankruptcy, insolvency or reorganization statutes.
Performance Guarantor warrants that it has adequate means to obtain from Originator and each of the Initial Servicers, on a continuing basis, information concerning the financial condition of such Person, and that it is not relying on Recipient to provide such information, now or in the future.
No automatic stay under the federal bankruptcy code with respect to Originator or either of the Initial Servicers or other federal, state or other applicable bankruptcy, insolvency or reorganization statutes to which Originator or either of the Initial Servicers is subject shall postpone the obligations of Performance Guarantor under this Undertaking.
Performance Guarantor waives notice of acceptance of this Undertaking, notice of any action taken or omitted by Recipient (or its assigns) in reliance on this Undertaking, and any requirement that Recipient (or its assigns) be diligent or prompt in making demands under this Undertaking, giving notice of any Termination Event, Amortization Event, other default or omission by Originator or either of the Initial Servicers or asserting any other rights of Recipient under this Undertaking.
As of the date hereof, the information describing the Seller in “The Sponsors, Sellers, Initial Servicers and Depositors” section of the prospectus dated June 12, 2013 offering the Bonds, the bonds issued by CEI Funding LLC and OE Funding LLC and the Certificates is correct in all material respects.
As of the date hereof, the information describing the Seller in “The Sponsors, Sellers, Initial Servicers and Depositors” section of the prospectus dated June 12, 2013 offering the Bonds, the bonds issued by CEI Funding LLC and TE Funding LLC and the Certificates is correct in all material respects.
Initial Servicer's Appointment and Acceptance; Responsibility for Contract Administration..................55 Section 5.02.
Accordingly, in connection with such Receivables, each Seller hereby assumes all of the responsibilities and obligations under the Receivables Purchase Agreement of the Initial Servicers with respect to the servicing of all Receivables originated by it.
Initial Servicer's Appointment and Acceptance; Responsibility for Contract Administration......................................................................54 Section 5.02.