Third Party Financier definition
Examples of Third Party Financier in a sentence
At least five (5) days prior to the effectiveness of any material change in, or amendment to, the Credit and Collection Policy, the Seller will furnish to the Buyer, the Issuer and each Third Party Financier, a copy of the Credit and Collection Policy then in effect and a notice indicating such change or amendment, unless such notice has already been provided by the Servicer under the Pooling and Servicing Agreement.
None of the Buyer, the Servicer, the Issuer, the Indenture Trustee or any Third Party Financier shall have any obligation or liability to any Obligor or other customer or client of the Seller, including any obligation to perform any of the obligations of the Seller under any Specified Asset.
The Seller will advise Buyer, its assignees, the Issuer, the Indenture Trustee and each Third Party Financier promptly, in reasonable detail, upon discovery of the occurrence of a breach, in any material respect, by the Seller of any of its representations, warranties and covenants contained herein.
The Seller may terminate all of its agreements to sell Purchased Loans hereunder to Buyer by giving ▇▇▇▇▇ and each Third Party Financier not less than five (5) days’ prior written notice of their election not to continue to sell Purchased Loans to Buyer (the “Termination of Sale Notice”); provided that the Termination of Sale Notice must specify the effective date of termination.
The Seller shall notify Buyer, the Issuer, and each Third Party Financier, promptly after becoming aware of any Adverse Claim on any Specified Asset.
The Seller will furnish to the Buyer, the Issuer and each Third Party Financier such other information (including nonfinancial information and information regarding the financial condition, operations or business of ALH) as such Persons (or any of their respective assignees) may from time to time reasonably request.
Buyer and each Third Party Financier shall be entitled to conduct such Seller Specified Assets Reviews whenever such Person, in its reasonable judgment, deems it appropriate.
No such obligation or liability is intended to be assumed by the Buyer, the Servicer, the Issuer, the Indenture Trustee or any Third Party Financier, and any assumption is hereby expressly disclaimed.
From the date hereof until the first day following the Purchase Termination Date on which the Obligations are paid in full, unless Buyer and each Third Party Financier shall otherwise give its prior written consent, the Seller hereby agrees that it will perform the covenants and agreements set forth in this section.
The Seller hereby acknowledges that each Third Party Financier is entering into, or will enter into, the transactions contemplated by the applicable Third Party Documents in reliance upon ▇▇▇▇▇’s identity as a legal entity separate from the Seller.