Examples of Regional Management in a sentence
Capitalized terms used herein but not defined shall have the meaning ascribed to such terms in the Sale and Servicing Agreement, dated as of June 13, 2024 (the “Sale and Servicing Agreement”) among the Assignor, the Assignee, the North Carolina Trust, Regional Management Corp., as Servicer and the Subservicers party thereto.
In the event that Regional Management is no longer acting as Servicer, any Successor Servicer shall deliver to the Issuer, each Rating Agency, the Owner Trustee and the Indenture Trustee each Monthly Servicer Report, Officer’s Certificate and report required to be provided thereafter pursuant to Section 3.06, 3.07 or 3.08.
If Regional Management resigns as Servicer in accordance with the provisions of this Agreement or if all of the rights and obligations of the Servicer have been terminated under Section 8.01, the Indenture Trustee may (and upon the written direction of the Required Noteholders shall) terminate the appointment of the Servicer as custodian hereunder in the same manner as the Indenture Trustee may terminate the rights and obligations of the Servicer under Section 8.01.
Pursuant to Section 10.19 of the Sale and Servicing Agreement, an Affiliate of Regional Management may be added as a party to the Sale and Servicing Agreement as a Subservicer upon satisfaction of the conditions set forth in the Sale and Servicing Agreement, including the delivery to the Indenture Trustee of a fully executed copy of this Agreement.
Reference is made to the Sale and Servicing Agreement, dated as of June 13, 2024 (as amended, restated, modified or supplemented from time to time, the “Sale and Servicing Agreement”), among the Depositor, Regional Management Corp., as Servicer, the Subservicers party thereto, the North Carolina Trust and Regional Management Issuance Trust 2024-1, as Issuer.
By: Name: Title: SALE AND SERVICING AGREEMENT (RMIT 2024-1) – Exhibit B- 2 EXHIBIT C FORM OF LOAN REASSIGNMENT This LOAN REASSIGNMENT (this “Agreement”) dated as of [date of applicable Document Delivery Date], by Regional Management Issuance Trust 2024-1, a Delaware statutory trust (the “Assignor”), in favor of Regional Management Receivables III, LLC, a Delaware limited liability company (the “Assignee”).
As of the last day of each calendar month, Regional Management shall not permit the ratio, for Regional Management, of Consolidated Funded Debt to Consolidated Tangible Net Worth to exceed 5.25:1.0.
All notices, requests and other communications by or to a party hereto shall be in writing and shall be given to any Borrower or Agent at the address below: Agent: Wxxxx Fargo Bank, National Association 800 Xxxxxx Xxxxxx MAC F0006-022 Des Moines, Iowa 50309--3636 Attn: Mr. Txx Xxxxxx, Executive Vice President Facsimile: xxx-xxx-xxxx Borrowers: Regional Management Corp.