Irrevocable Redirection Notice. A notice in the form of Exhibit C-2 sent by Seller or by Servicer on Seller’s behalf to the applicable Underlying Obligor on or before the applicable Purchase Date for each Purchased Asset directing the remittance of Income with respect to such Purchased Asset directly to the Waterfall Account.
Irrevocable Redirection Notice. A notice in a form acceptable to Buyer, to be signed by the Underlying Obligor (if applicable) and Seller, or by Servicer on Seller’s behalf, with respect to each Purchased Asset, directing the remittance of all Income with respect to a Purchased Asset to an account designated by Buyer.
Irrevocable Redirection Notice. A notice in form reasonably acceptable to Buyer, sent by Seller in respect of each Purchased Asset (or by Seller’s Affiliate or a Transferor in connection with the origination of any such Purchased Asset) or by Servicer on Seller’s behalf directing the remittance of Income with respect to a Purchased Asset to one of the Servicing Agreement Accounts (or other applicable account under the related Purchased Asset Documents) and/or the Waterfall Account, as applicable, and, to the extent required by either Buyer or Seller, executed by the applicable Underlying Obligor, Servicer or other Person with respect to such Purchased Asset.
Examples of Irrevocable Redirection Notice in a sentence
Seller and Interim Servicer (a) shall comply with and enforce each Irrevocable Redirection Notice, (b) shall not amend, modify, waive, terminate or revoke any Irrevocable Redirection Notice without Buyer’s consent, and (c) shall take all reasonable steps to enforce each Irrevocable Redirection Notice.
More Definitions of Irrevocable Redirection Notice
Irrevocable Redirection Notice. A notice in the form of Exhibit K, sent by Seller, syndication agent or by Servicer on Seller’s behalf, directing the remittance of all Income with respect to a Purchased Asset to the Servicer Account and executed by the applicable Underlying Obligor, Servicer, syndication agent or such other appropriate Person in connection with the Purchased Asset, as applicable, as may be acceptable to Buyer.
Irrevocable Redirection Notice. A notice in form and substance satisfactory to Buyer sent by Seller, if necessary, to the applicable trustee, master servicer or servicer of the RMBS directing the remittance of Income with respect to a Purchased Asset to the Waterfall Account.
Irrevocable Redirection Notice. With respect to each Purchased Asset, a notice in the form attached hereto as Exhibit G, to be signed by Seller or by Servicer on Seller’s behalf, which notice may be delivered to the applicable Underlying Obligor after the occurrence and during the continuance of an Event of Default in accordance with this Agreement.
Irrevocable Redirection Notice. A notice in the form of Exhibit C sent by Seller or by Servicer on Seller’s behalf directing the remittance of Income and other amounts required to be delivered hereunder with respect to a Purchased Asset to Servicer (if Servicer is Xxxxx) or the Waterfall Account, as applicable, duly executed by Seller, Servicer and, subject to Section 8.06, the applicable Underlying Obligor (or other applicable Person) with respect to such Purchased Asset.
Irrevocable Redirection Notice. A notice in a form acceptable to Buyer, to be signed by the Underlying Obligor (if applicable) and Seller, or by Servicer on Seller’s behalf, with respect to each Purchased Asset, directing the remittance of all Income with respect to a Purchased Asset to an account designated by Buyer. “ISDA Definitions”: The 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time. “IRS”: The United States Internal Revenue Service. “Knowledge”: With respect to any Person, (A) the actual knowledge of such Person (including, for the avoidance of doubt, the actual knowledge of the employees, officers, directors and Affiliates of such Person) without further inquiry or investigation (such knowledge, “Actual Knowledge”), (B) notice to such Person of any fact, event, condition or circumstance
Irrevocable Redirection Notice. A notice in the form of Exhibit K sent after the occurrence and during the continuance of an Event of Default directing the remittance of Income with respect to a Mortgage Loan to the Lender's Account, and executed by the Borrower with respect to such Mortgage Loan.
Irrevocable Redirection Notice. A notice in the form of Exhibit H, sent by Seller or by Interim Servicer on Seller's behalf directing the remittance of Income with respect to a Purchased Asset to the Collection Account or Waterfall Account, as applicable, and executed by the Interim Servicer with respect to such Purchased Asset.