Examples of VPC Agreement in a sentence
Lender shall have no obligation to release its interest in any Pledged Servicing Rights until all amounts required to be paid pursuant to Section 4.05 have been paid, except as determined by Freddie Mac pursuant to a Freddie Mac VPC Agreement.
Except in connection with a VPC Agreement (as defined in the Acknowledgment Agreement), Borrower shall not, and shall not permit any Obligated Party to, directly or indirectly, sell, lease, assign, transfer, or otherwise dispose of any of the Collateral if, after giving effect to the application of proceeds of such disposition, a Borrowing Base Deficiency, Default or Event of Default would exist.
As soon as possible, but in any event within one (1) Business Day, of any Freddie Mac Servicing Contract Rights being included by Borrower on a (i) Prospective Mortgage Loan List or (ii) Transfer List (as such terms are defined in the related Freddie Mac VPC Agreement), in each case, delivered to Freddie Mac pursuant to a Freddie Mac VPC Agreement, Borrower shall furnish to Lender a schedule of such Freddie Mac Servicing Contract Rights and the proposed VPC Servicing Transfer Date.
The Custodian shall arrange to have the SDRs registered in the VPC Register in accordance with the Swedish Financial Instruments Accounts Act and in accordance with the VPC Agreement.
In connection with each issue of Instruments in registered form issued in accordance with the Swedish Financial Instruments Accounts Act (SFS 1998: 1479), as amended (the “VPC Registered Instruments” and the “SFIA Act”, respectively), SEK will enter into a VPC Agreement with VPC which will apply to the VPC Registered Instruments in place of, and in full substitution for, the Fiscal Agency Agreement (save in respect of Schedule 5 (Provisions for Meetings of Holders of Instruments) thereto).
Until the termination of this Custodian Agreement in accordance with its terms, the Custodian shall arrange for the maintenance of facilities in Stockholm, Sweden, and all necessary agreements for the execution and delivery, registration, registration of transfers and surrender of SDRs in accordance with the provisions of this Custodian Agreement, the VPC Agreement and the Swedish Financial Instruments Accounts Act.
VPC shall, in accordance with the Swedish Financial Instruments Accounts Act, maintain records of all SDRs transferred, deposited, surrendered and SDRs cancelled pursuant to this Custodian Agreement in accordance with the provisions of the VPC Agreement.
Any such successor custodian shall enter into a new VPC Agreement with Euroclear Sweden and shall promptly mail notice of its appointment to the Holders.
Notwithstanding the foregoing, if the Borrower is required by Freddie Mac to enter into a Freddie Mac VPC Agreement with respect to Freddie Mac Mortgage Loans that have Delinquencies (as such term is defined in the Fxxxxxx Mac Guide) of ninety (90) days or greater, then the provisions of this Section 3.9 shall not prohibit the Borrower from entering into such Freddie Mac VPC Agreement.
Any such successor custodian shall enter into a new VPC Agreement with VPC and shall promptly mail notice of its appointment to the Holders.