Warranty definition
Examples of Warranty in a sentence
TheSuch Borrower may (A) on and after the Release Date, transfer such Warranty Loan and (B) transfer any Equity Security, in each case, without restriction; provided that immediately after giving effect to any such transfer described in the foregoing clause (B), there shall not exist a Borrowing Base Deficiency.
Except as otherwise permitted herein and in respect of any Discretionary Sale, Substitution or sale of a Warranty Loan or a Zero Value Asset, ▇▇▇▇▇ Borrower will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on any Collateral, whether now existing or hereafter transferred hereunder to thesuch Borrower, or any interest therein.
In addition to the protections given to Holder under this Note, one or more of a Security Deed, Deed of Trust, Mortgage, Limited Warranty Deed, Guaranty Agreement, Loan Agreement, Security Agreement, Collateralization Agreement and/or Pledge Agreement (each a “Security Instrument;” collectively, the “Security Instruments”), executed in favor of Holder and/or Holder, protects Holder from possible losses that might result if Borrower does not keep the promises made in the Loan Documents.