Examples of Xxxxxx Xxx MSRs in a sentence
The Borrower shall at all times maintain a current list (which may be stored in electronic form) of all Xxxxxx Xxx MSRs.
The Borrower will maintain all such Records in good and complete condition in accordance with industry practices for assets similar to the Xxxxxx Xxx MSRs and preserve them against loss.
The Borrower shall not sell, assign, transfer or otherwise Dispose of, any of the Xxxxxx Xxx MSRs or any interest therein, other than Dispositions of the Xxxxxx Xxx MSRs (i) resulting from the payoff of the related Xxxxxx Xxx Mortgage Loans, (ii) as required by Xxxxxx Xxx, or (iii) in accordance with the Transaction Documents and the Acknowledgment Agreement.
Greater than (i) [***]% of the Borrower’s servicing portfolio consisting of Xxxxxx Xxx loans is seized or terminated in any single event or series of events arising from the same or substantially similar circumstances or occurrences, or (ii) at any one time, [***]% of the aggregate Xxxxxx Xxx MSRs (individually or in the aggregate) shall have been subject to an unresolved mandatory repurchase for a period of more than [***].
The Guarantor shall at all times maintain a current list (which may be stored in electronic form) of all Xxxxxx Xxx MSRs.
No Lien imposed pursuant to any Environmental Law has attached to any Collateral or Xxxxxx Xxx MSRs and, to the knowledge of each Loan Party, no conditions exist that would reasonably be expected to result in the imposition of such a Lien on any Collateral or Xxxxxx Xxx MSRs.
This First Amendment includes, in addition to the amendments made below, 1) a Signature Page, 2) Attachment 1 (Royalty Payment Information).
The Borrower is not selling and/or pledging any Xxxxxx Xxx MSRs with any intent to hinder, delay or defraud any of its creditors.
Except as expressly permitted herein and in the Transaction Documents, no Loan Party shall sell, assign (by operation of law or otherwise) or otherwise Dispose of any the Xxxxxx Xxx MSRs or any interest therein (other than as required by 752805876 23733713 Xxxxxx Xxx) if a Borrowing Base Deficiency shall exist or result therefrom or if the conditions set forth in Section 2.10(b) cannot be met at the time of such Disposition.
The Borrower shall service all Xxxxxx Xxx MSRs in accordance with the Xxxxxx Xxx Agency Guide in all material respects.