Examples of Xxxxxx Xxx Lender Contract in a sentence
The Seller shall fail to comply with the deposit and remittance requirements set forth in the Xxxxxx Xxx Lender Contract (subject to any cure period provided therein) or Section 4.2(a) of the Base Indenture (and such failure under Section 4.2(a) of the Base Indenture continues unremedied for a period of two (2) Business Days after a Responsible Officer of the Seller obtains actual knowledge of such failure, or receives written notice from the Indenture Trustee or any Noteholder of such failure).
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 the Buyer’s exercise (or purported exercise) of any right, power or authority given by the Seller hereunder, shall be subject to the Xxxxxx Xxx Lender Contract and the Acknowledgment Agreement and any and all instruments, agreements, invoices or other writings which give rise to or otherwise evidence any of the MSRs.
The “Final Payment Date” is the date on which Xxxxxx Xxx makes its final payment into the Deposit Account for the Purchased Servicing Advance Receivables as to which Xxxxxx Mae is obligated to reimburse the Servicer pursuant to the Xxxxxx Xxx Lender Contract and this Agreement.
Further, the Lenders are deemed to consent to any amendments made to the Transaction Documents as a result of amendments to the Acknowledgment Agreement or the Subordination of Interest Agreement that Xxxxxx Xxx and the Servicer agree to effect from time to time or changes that Xxxxxx Xxx may make to the Xxxxxx Xxx Lender Contract from time to time.
If y = 0, the good is intrinsically useless, and if y < 0, the good is costly to hold.
The Seller shall service all Assets in accordance with the Xxxxxx Xxx Lender Contract and any and all instruments, agreements, invoices or other writings which give rise to or otherwise evidence any of the MSRs in all material respects.
PMC FMSR Parent shall, within one (1) Business Day, notify Administrative Agent and each Buyer in the event that it has voluntarily relinquished or delivered notice of its intent to sell or transfer Xxxxxx Xxx Lender Contract rights constituting more than 50% of the aggregate Xxxxxx Xxx Lender Contract rights of Parent with respect to Xxxxxx Xxx, in any event without Administrative Agent’s and each Buyer’s prior express written consent.
Xxxxxx Xxx will permit the Servicer or the Indenture Trustee (or its designee), as applicable, to submit to Xxxxxx Mae Loan Activity Reports and/or requests for expense reimbursement relating to any Purchased Servicing Advance Receivables as to which the Servicer has made a Delinquent MBS Mortgage Repurchase Advance, a Delinquency Advance or a Servicing Advance in accordance with the Xxxxxx Xxx Lender Contract on or before the effective date of such Servicer Resignation Event.
Any change to the Xxxxxx Xxx Lender Contract or any and all instruments, agreements, invoices or other writings which give rise to or otherwise evidence any of the MSRs that would result in a Material Adverse Effect on the Seller.
Xxxxxx Xxx will permit the Servicer or the Indenture Trustee (or its designee), as applicable, to submit to Xxxxxx Mae Loan Activity Reports and/or requests for expense reimbursement relating to any Purchased Servicing Advance Receivables as to which the Servicer has made a Delinquent MBS Mortgage Repurchase Advance, a Delinquency Advance or a Servicing Advance in accordance with the Xxxxxx Xxx Lender Contract on or before the effective date of such Servicer Suspension/Termination Event.