Examples of Xxxxxx Xxx Requirements in a sentence
Licensee agrees that its use of the Licensed Application and any decision, approval, or action rendered by the Licensed Application is governed by the Xxxxxx Xxx Requirements.
PMC shall (x) enforce each Approved Subservicing Agreement in accordance with the terms thereof and all applicable Xxxxxx Xxx Requirements and keep such Approved Subservicing Agreement in full force and effect and (y) perform its obligations under each Approved Subservicing Agreement and shall not default in any material respect under such Approved Subservicing Agreement.
If such direction has been given by the Noteholders of the requisite percentage of all Outstanding Notes, the Indenture Trustee shall, subject to Xxxxxx Xxx Requirements and the terms of the Acknowledgment Agreement, cause the Issuer to sell Collateral pursuant to Section 8.15, and shall provide notice of this to each Note Rating Agency of then Outstanding Notes.
PMC FMSR Parent shall provide oversight of its Approved Subservicer to ensure the sound subservicing of the Mortgage Loans, in all material respects in accordance with Accepted Servicing Practices, the applicable Approved Subservicing Agreement and the Xxxxxx Xxx Requirements.
Parent shall provide oversight of its Approved Subservicer to ensure the sound subservicing of the Mortgage Loans, in all material respects in accordance with Accepted Servicing Practices, the applicable Approved Subservicing Agreement and the Xxxxxx Xxx Requirements.
During the existence of an event of default or Subservicer Termination Event under any Approved Subservicing Agreement, PMC may, and at the direction of Administrative Agent, shall, subject to the Xxxxxx Xxx Requirements, transfer the servicing relating to the Mortgage Loans to another Approved Subservicer.
Notwithstanding the foregoing, subject in all respects to the Xxxxxx Xxx Requirements, the Guarantor may terminate any Approved Subservicer with respect to any or all of the Mortgage Loans or transfer subservicing from any Approved Subservicer with respect to any or all of the Mortgage Loans subserviced by such Approved Subservicer without the consent of the Administrative Agent provided that such subservicing is transferred to another Approved Subservicer under an Approved Subservicing Agreement.
During the existence of an event of default or servicer termination event (however defined) under any Approved Subservicing Agreement, the Borrower shall upon the request of the Administrative Agent, subject to the Xxxxxx Xxx Requirements, the terms of the applicable Acknowledgment Agreement and Xxxxxx Xxx Servicing Contract, transfer the servicing relating to the Mortgage Loans to another Approved Subservicer within one hundred and twenty (120) days after a replacement has been approved by Xxxxxx Xxx.
Nadine Varella described this process as follows:Q Now, I want to ask you at LGB about the process for being reimbursed.
Each of PMC Seller and PMH Seller represents that each Purchased Asset conveyed and pledged on such Purchase Date by such Seller is owned by the applicable Seller free and clear of any Lien, except as provided herein (and in the case of all MSRs, subject and subordinated to Fannie Mae’s rights under the Acknowledgment Agreement and the Xxxxxx Xxx Requirements), and is not subject to any dispute or other Adverse Claim, except as provided herein.