M&I Bank definition
Examples of M&I Bank in a sentence
Subject to the provisions of Section 7.3, M&I Bank hereby agrees not to resign from the obligations and duties hereby imposed on it as Servicer under this Agreement except upon determination that the performance of its duties hereunder shall no longer be permissible under applicable law or if such resignation is required by regulatory authorities.
The applicable interest rate shall be the rate of interest announced by M&I Bank, Milwaukee, Wisconsin from time to time as its prime or base lending rate, such rate to be determined as of the Separation from Service.
Neither M&I Bank nor any of its Affiliates has entered into any agreement with any Obligor that prohibits, restricts or conditions the assignment of any portion of the Receivables.
Capitalized terms used but not defined herein are defined in Appendix X to the Sale and Servicing Agreement, dated as of August 30, 2001, among M&I Bank, Bond Securitization, L.L.C., as the depositor (the "Depositor"), the Owner Trustee and the Indenture Trustee (the "Sale and Servicing Agreement"), which also contains rules as to construction that shall be applicable herein.
M&I Bank shall be liable in accordance herewith only to the extent of the obligations specifically undertaken by M&I Bank or its Affiliates under this Agreement.
It is acknowledged and agreed that such indemnities and other provisions may be enforced by or on behalf of such Persons against M&I Bank to the same extent as if it were a party hereto.
Notice of any such determination permitting the resignation of M&I Bank as Servicer shall be communicated to Owner Trustee and Indenture Trustee at the earliest practicable time (and, if such communication is not in writing, shall be confirmed in writing at the earliest practicable time) and any such determination shall be evidenced by an Opinion of Counsel to such effect delivered to Owner Trustee and Indenture Trustee concurrently with or promptly after such notice.
The Purchaser understands that the company is currently working with Mt. Yale to sell certain of their assets to cover the line of credit at M&I Bank.
There is only one original executed Receivable, and immediately prior to the Closing Date, M&I Bank or one of its Affiliates will have possession of such original executed Receivable.
This Agreement and all other documents related hereto to which M&I Bank is a party have been approved by M&I Bank's or its Affiliates board of directors, loan committee or executive committee, which approval is reflected in the minutes of such board or committee and shall continuously from time to time of each such document's execution, be maintained as an official record of M&I Bank.