Program Agreements definition
Examples of Program Agreements in a sentence
Guarantor shall not enter into any transaction with an Affiliate except (i) transactions specifically contemplated by the Program Agreements, and (ii) other transactions entered into by Guarantor in the ordinary course of business on commercially reasonable terms no less favorable to Guarantor than it would obtain in a comparable arm’s length transaction with a Person which is not an Affiliate.
Guarantor has observed or performed in all of its covenants and other agreements, and satisfied in every condition, contained in the Guaranty and the other Program Agreements to be observed, performed and satisfied by it.
Repo Agent, on behalf of Buyer, may enforce and otherwise exercise each of Buyer’s rights and remedies specified in this Agreement and such other rights and remedies as may be available to Buyer in connection with this Agreement and the other Program Agreements under applicable law.
An incumbency certificate of the secretary or Responsible Officer of the Seller, the Administrator, the Guarantor and the REO Subsidiary, certifying the names, true signatures and titles of the representatives duly authorized to request transactions hereunder and to execute the related Program Agreements.
Any renewal, extension, increase, modification, alteration or rearrangement of all or any part of the Repurchase Agreement, the other Program Agreements, or any other document, instrument, contract or understanding between Seller and Buyer and/or Repo Agent, or any other parties, pertaining to the Guaranteed Obligations, or any failure of Buyer, Repo Agent or any Relevant Party to notify Guarantor of any such action.