Representing Party definition

Representing Party. A Person that has transferred Mortgage Loans, directly or through one or more intermediaries, to the Trustee pursuant to an agreement for the sale of Mortgage Loans pursuant to which a Representing Party has made representations and warranties with respect to certain Mortgage Loans, and under which the Trustee, its successors and assigns has recourse against such Representing Party for any breach thereunder with respect to such Mortgage Loans.
Representing Party. As defined in Section 2.03(e).
Representing Party shall have the meaning specified in Section 2.12(a).

Examples of Representing Party in a sentence

  • There are no bankruptcy, reorganization or receivership proceedings pending, or, to the Representing Party’s actual knowledge, threatened against the Representing Party or an Affiliate of the Representing Party.

  • The Representing Party has all requisite power and authority to enter into and perform its obligations under this Agreement and the other Transaction Documents and to carry out the transactions contemplated hereby and thereby.

  • The Representing Party has taken (or caused to be taken) all acts required to be taken by it to authorize the execution, delivery and performance by the Representing Party of this Agreement and the other Transaction Documents.

  • This Agreement has been duly executed and delivered by the Representing Party and constitutes its valid and binding obligation, enforceable against it in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, moratorium, reorganization or similar Laws affecting the rights of creditors generally and by principles of equity, whether considered in a proceeding at Law or in equity.

  • The Representing Party is duly organized, validly existing and in good standing under the Laws of the State of its formation and is qualified to do business and is in good standing in the State of Texas and State of New Mexico.


More Definitions of Representing Party

Representing Party has the meaning specified in Section 3.01.
Representing Party has the meaning specified in subsection 6.03(a).
Representing Party shall have the meaning specified in subsection 4.09(a)
Representing Party has the meaning specified in the Pooling and Servicing Agreement, the Receivables Purchase Agreement, or the Dispute Resolution Agreement, as applicable.
Representing Party has the meaning set forth in Section 2.01(a).
Representing Party has the meaning given to such term in Section 5.16;
Representing Party has the meaning specified in subsection 2.18(a).