Examples of Representations and Warranties Agreement in a sentence
Among the agreements that confer rights to U.S. Bank as trustee are the Representations and Warranties Agreement for each trust (collectively, “the RWA”), in which GSMC, as the sponsor, made a series of representations and warranties regarding the loans deposited into the trusts.
Id.; see Complaint ¶ 33.Among these other agreements was the Representations and Warranties Agreement between GSMC and GSMSC (“the RWA”), included as Exhibit S to the PSA.
The Trustee shall take such action, with the Depositor’s consent, with respect to such breach under the Representations and Warranties Agreement, as applicable, as may be necessary or appropriate to enforce the rights of the Trust with respect thereto.
In connection with the Purchase Agreement, the Company entered into a Representations and Warranties Agreement with JMJ regarding the Company’s existing debt as of October 13, 2016.
The interest in the trust fund that GSMSC conveyed under the agreement “include[ed], without limitation, the Mortgage Loans, the Assignment Agreements, the Representations and Warranties Agreement, the Interest Rate Cap Agreement and the Interest Rate Swap Agreement.” Id. § 2.01(d), Dkt.
After the 120 day period, loan substitution is not allowed, and the Issuer (including an Issuer with a Representations and Warranties Agreement) must either cure the defect or request approval to buy the Defective Mortgage out of the pool(s) or loan package by depositing into the Central P&I Custodial Account an amount, from the Issuer’s own funds, that will reduce to zero the portion of the outstanding principal balance of the related securities attributable to the Defective Mortgage.
Section 2.07 of the PSA provides: Upon discovery by any of the parties hereto of a breach of a representation or warranty made by the Sponsor pursuant to the Representations and Warranties Agreement, the party discovering such breach shall give prompt written notice thereof to the other parties to this Agreement and the Sponsor, as applicable.
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Institutions are provided here for identification purposes only.is generally known as a Residential Mortgage-Backed Security (“RMBS”) and, in this case, the relevant RMBS is governed by a Representations and Warranties Agreement (“RWA”) dated June 20, 2007 and a Pooling and Servicing Agreement (“PSA”) dated May 1, 2007 (collectively, “Agreements”), both providing for the application of New York law.
Questioning the apparent inequities and polari- ties of human experience will certainly challenge one’s faith.