Examples of Xxxxxx Xxx Requirements in a sentence
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.
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.
Notwithstanding anything to the contrary herein or in any of the other Program Agreements, the remedies set forth in this Section 4.07 concerning any actions with respect to the MSRs arising under or related to any Servicing Contract shall be subject to the Acknowledgment Agreement and Xxxxxx Xxx Requirements.
Once executed and delivered, this Agreement creates, as security for the Obligations, a valid and enforceable security interest in and Lien on all of the Collateral, in favor of the Administrative Agent, for the benefit of the Secured Parties, except that the Collateral may be subject to the Xxxxxx Xxx Requirements.
Notwithstanding the preceding sentence, the Borrower shall take all necessary action to maintain all of its Xxxxxx Xxx Requirements at all times during the term of this Agreement.
As represented by loanDepot in the PC Repurchase Agreement, immediately prior to the Grant thereof to the Indenture Trustee as contemplated by this Base Indenture, subject to Xxxxxx Xxx Requirements with respect thereto, the Issuer had good and marketable title to the Participation Certificates, free and clear of all Adverse Claims other than any Permitted Liens and rights of others.
As represented by PLS in the PC Repurchase Agreement, immediately prior to the Grant thereof to the Indenture Trustee as contemplated by this Base Indenture, subject to Xxxxxx Xxx Requirements with respect thereto, the Issuer had good and marketable title to each Participation Certificate, free and clear of all Adverse Claims other than any Permitted Liens and rights of others.
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.
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.
The Borrower has not assigned, pledged, conveyed, or encumbered any Collateral hereunder to any other Person (except to the extent any such pledge has been released prior to the grant of any security interest thereon hereunder), and the Borrower is the sole owner of such Collateral and has good and marketable title thereto, free and clear of all Liens other than (x) Permitted Liens and (y) any rights retained by Xxxxxx Xxx pursuant to the Xxxxxx Xxx Requirements.