Examples of Mechanics Bank in a sentence
Mechanics Bank, as servicer, has delivered this information as required pursuant to Section 5.06 of the Sale and Servicing Agreement.
Mechanics Bank uses the following to determine the balance that is available to pay items to your account each day.
The Indenture Trustee and the Issuer acknowledge and agree that the purpose of this subsection is to facilitate compliance by Mechanics Bank and the Depositor with Rule 15Ga-1 under the Exchange Act.
This Note does not represent an interest in, or obligation of, California Republic Funding, LLC (the “Depositor”), Mechanics Bank or any of their respective Affiliates.
To the extent Bank, in Bank’s sole discretion, provides any hardware in conjunction with the Mobile Banking Service, the hardware will at all times remain the sole property of Mechanics Bank.
Mechanics Bank agrees that for so long as it is the Servicer, the Servicing Standard shall be consistent in all material respects with the servicing standards with respect to motor vehicle retail installment sale contracts and installment loans for which Mechanics Bank or any of its Affiliates is the owner or the appointed servicer from time to time.
The Indenture Trustee shall cooperate fully with all reasonable requests of Mechanics Bank and the Depositor to deliver any and all records and any other information, in each case in its possession, necessary to permit Mechanics Bank and the Depositor to comply with the provisions of such Rule.
In the event that the assignment of a Receivable to the Issuer is insufficient, without a notation on the related Financed Vehicle’s certificate of title to grant to the Issuer a first priority perfected security interest in the related Financed Vehicle, each of the Servicer and Mechanics Bank hereby agree that the designation of Mechanics Bank as the secured party on such certificate of title is solely in its capacity as agent of the Issuer.
The Indenture Trustee agrees to comply with reasonable requests made by Mechanics Bank or the Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of such Rule.
The issuing entity agrees to (i) perform the covenants set forth in Section 12.02, except to the extent any such obligation is imposed exclusively on the servicer or the sponsor and (ii) facilitate compliance with this Article by Mechanics Bank and the Depositor.