Examples of VPC Agreement in a sentence
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.
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.
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.
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).
For purposes of this definition the VPC Agreement is excluded and shall not be deemed to be a trigger of a Change of Control.
The parties acknowledge that Euroclear Sweden will, 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.
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 addition, the Custodian shall supply Euroclear Sweden with any further information it requires in connection with any distributions in accordance with 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.
In connection with any distribution of dividends to Holders, the Custodian shall provide Euroclear Sweden with such information regarding amounts withheld as Euroclear Sweden requires in accordance with the VPC Agreement.