Examples of Xxxxxx Xxx Contract in a sentence
Therefore, if Xxxxxx Xxx extinguishes Issuer’s redemption, equitable, legal or other right, title or interest in the Pooled Mortgages in accordance with the Xxxxxx Xxx Contract, Secured Party’s Security Interest instantly and automatically will be extinguished as well.
Such approval by Xxxxxx Xxx shall be based upon the conditions, requirements, and provisions of this Acknowledgment Agreement, including without limitation Section 7(c) hereof, the Xxxxxx Xxx Contract and the MBS Program regarding the transfer of Issuer responsibility as then in effect.
No automatic default or violation of the Xxxxxx Xxx Contract by Issuer shall be deemed to have occurred solely by reason of any actual or alleged breach of the Security Agreement.
Seller shall, within [***], notify Buyer in the event that it has voluntarily relinquished or delivered notice of its intent to sell or transfer Xxxxxx Xxx Contract rights constituting more than [***]% of the aggregate Xxxxxx Xxx Contract rights of Seller with respect to Xxxxxx Xxx.
The Issuer shall not take any action and shall use its best efforts not to permit any action to be taken by others that would release any Person from any of such Person’s covenants or obligations under any Transaction Document, Xxxxxx Xxx Contract or other document, instrument or agreement included in the Trust Estate, or which would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such document, instrument or agreement.
The transfer, assignment and delivery of the Current Excess Servicing Spread shall be subject to the Agency’s rights under the Xxxxxx Xxx Contract and shall be free and clear of any and all claims, charges, defenses, offsets, Liens and encumbrances of any kind or nature whatsoever, other than such Agency rights and Permitted Liens.
However, the court did permit testimony in the form of an offer of proof, and both Peggy and her husband Douglas testified that the car was worth $10,500 prior to the accident, and $2,000 after.
Xxxxxx Xxx may approve or reject such request in accordance with the conditions, requirements and provisions of this Acknowledgment Agreement, or based upon the requirements of the Xxxxxx Xxx Contract or the MBS Program regarding the transfer of Issuer responsibility.
GMM is a desirable approach because it makes no distributional assumptions regarding the model specification.
Notwithstanding anything to the contrary herein or any of the other Program Agreements, any appointment set forth in this Section 4.06, as well as Buyer’s exercise (or purported exercise) of any right, power or authority given by Seller hereunder, shall be subject to the Xxxxxx Xxx Contract, the Acknowledgment Agreement and any and all instruments, agreements, invoices or other writings which give rise to or otherwise evidence any of the MSRs.