MSBNA definition
Examples of MSBNA in a sentence
The Purchaser intends to transfer the VRR Interest to Xxxxxx Xxxxxxx Bank, N.A. (“MSBNA”), JPMorgan Chase Bank, National Association, Bank of America, National Association and Xxxxx Fargo Bank, National Association pursuant to the VRR Interest Transfer Agreement, dated as of the date hereof (the “VRR Interest Transfer Agreement”), between the Depositor, MSBNA, JPMorgan Chase Bank, National Association, Bank of America, National Association and Xxxxx Fargo Bank, National Association.
References to (i) the MSBNA Agreement will be to the MSBNA Agreement, as amended by this Amendment Agreement and (ii) the MSIP Agreement will be to the MSIP Agreement, as amended by this Amendment Agreement.
The provisions of Sections 13(b) to (d) (inclusive) of the MSBNA Master Agreement apply to this Amendment Agreement as though they were set out in full in this Amendment Agreement mutatis mutandis except that the reference to “this Agreement or any Transaction” shall be construed as a reference to this Amendment Agreement.
The purchase price for the Mortgage Loans shall be a combination of (i) the portion of the VRR Interest transferred to MSBNA pursuant to the VRR Interest Transfer Agreement and (ii) a cash amount set forth on the cross receipt between the Mortgage Loan Seller and the Purchaser dated the Closing Date (which price reflects no deduction for any transaction expenses for which the Mortgage Loan Seller is responsible).
MSBNA and Counterparty hereby agree that the Collar Confirmation and the Forward Confirmation, each as amended by this Amendment Agreement, continue to be Secured Documents for the purposes of the Security Agreement.
The Mortgage Loan Seller hereby directs the Purchaser to transfer the portion of the VRR Interest referenced above directly to MSBNA.
Evidence that Law Debenture Corporate Services Limited (8xx Xxxxx, 000 Xxxxxxxxxxx, Xxxxxx, XX0X 0XX) has accepted its appointment as process agent in respect of this (i) Amendment Agreement and (ii) each of the MSIP Agreement and the MSBNA Agreement as amended pursuant to this Amendment Agreement.
No amendment, modification or waiver in respect of the matters contemplated by this Amendment Agreement will be effective unless made in accordance with the terms of the MSBNA Agreement or the MSIP Agreement (as applicable).
This Amendment Agreement and any non-contractual obligations arising out of or in connection with this Amendment Agreement will be governed by and construed in accordance with the governing law of the MSBNA Agreement.
MSBNA and Counterparty hereby designate this Amendment Agreement a Transaction Document for the purposes of the MSBNA Agreement and a Secured Document for the purposes of the Security Agreement.