Examples of NHG Mortgage Receivable in a sentence
The Originator will in the Guarantee Support Agreement represent and warrant that (i) each NHG Mortgage Receivable constitutes legal, valid and binding obligations of Stichting WEW, enforceable in accordance with its terms, (ii) all terms and conditions applicable to the NHG Guarantee at the time of origination of the Mortgage Loan were complied with and (iii) the Originator is not aware of any reason why any claim under any NHG Guarantee should not be met in full and in a timely manner.
The reasons for this are primarily concerned with the fact that co-optees with voting rights have the same powers on the committees and sub-committees on which they sit as the elected members of those bodies including, in particular, the power to bind the Council by voting for or against any recommendations which come before them.
And it found that the fulfilment of the condition had been waived despite the express prohibition on unwritten waivers in the agreement.
Each NHG Mortgage Receivable, the Mortgage and the Borrower Pledge securing such receivable, if any, constitute legal, valid, binding and enforceable obligations of the relevant Borrower vis-a`-vis the Seller, except for any limitation on enforceability due to applicable bankruptcy or insolvency laws.
In these events the purchase price will be equal to the Outstanding Principal Amount of the NHG Mortgage Receivable, together with interest accrued up to (but excluding) the date of repurchase and re-assignment of the NHG Mortgage Receivable and reasonable costs, if any (including any costs incurred by the Issuer in effecting and completing such purchase and re-assignment).
If the remaining Construction Deposit exceeds €2,500 such Construction Deposit will be set off against the NHG Mortgage Receivable up to the amountof the Construction Deposit.
If the relevant Mortgage Loan no longer has the benefit of the NHG Guarantee as a result of action taken or omitted to be taken by the Seller, the Pool Servicer or the Issuer Administrator, the Seller shall also repurchase and accept re-assignment of such NHG Mortgage Receivable on the immediately succeeding Mortgage Payment Date.
The Savings Insurance Companies will agree to use the amount of the Savings Premium (and the interest received on the Savings Participation) to acquire a Savings Participation in the relevant Savings NHG Mortgage Receivable (see Savings Sub-Participation Agreement).GMAC Mortgage Loans: 45.8 per cent.
The particulars of each Relevant NHG Mortgage Receivable, as set forth in the list of NHG Mortgage Receivables (i) attached to the Mortgage Receivables Purchase Agreement to the Deed of Assignment to be executed on the Closing Date and (ii) to be deposited with the civil-law notary, are true, correct and complete in all material respects.
In case of a repurchase of NHG Mortgage Receivables, the Seller shall repurchase and accept re-assignment of the NHG Mortgage Receivable for a price equal to the relevant Outstanding Principal Amount, increased with accrued but unpaid interest thereon up to the relevant Mortgage Payment Date.