PACE Charge Lien Transfer Agreement definition
Examples of PACE Charge Lien Transfer Agreement in a sentence
Any PACE Charge Lien that would qualify for a charge-off in accordance with Section 2.09(a) or (b) hereof shall be reconveyed to the related PACE Charge Lien Owner in accordance with the PACE Charge Lien Transfer Agreement.
In connection with any such liquidation, any Transferred PACE Charge Liens shall be reconveyed to the related PACE Charge Lien Owner in accordance with the related PACE Charge Lien Transfer Agreement.
Any remaining PACE Charge Lien shall be reconveyed to the related PACE Charge Lien Owner in accordance with the PACE Charge Lien Transfer Agreement.
The Issuer Trustee also agrees to disburse all moneys actually received by it constituting part of the Trust Estate upon the terms of this Agreement and to disburse all moneys actually received by it in respect of a Transferred PACE Charge Lien upon the terms of the applicable PACE Charge Lien Transfer Agreement.
Except as otherwise provided in any PACE Charge Lien Transfer Agreement, all cash available for distribution (after accounting for all other expenses of the Trust) shall be distributed to the Owner.
The Issuer hereby covenants that it will enforce the remedies available to it under the Purchase Agreements, the Direct Sale Agreements, any PACE Charge Lien Direct Sale Purchase Agreement and any PACE Charge Lien Transfer Agreement with respect to Defective Tax Liens.