Examples of Transferor Letter in a sentence
Execution in Counterparts EXHIBITS Exhibit A-1 Form of Class E-1 Certificate Exhibit A-2 Form of Class E-2 Certificate Exhibit A-R Form of Class R Certificate Exhibit B Class R Transferee Affidavit Exhibit C Class R Transferor Letter Exhibit D Class E-2 Transferee Affidavit This Trust Agreement ("Trust Agreement"), dated as of October 1, 1996, by and among XXXXXX STRUCTURED SECURITIES CORP., as Depositor and STATE STREET BANK AND TRUST COMPANY, as Trustee (the "Trustee").
The Seller’s Warranties and Servicing Agreement between Xxxxxx Brothers Bank FSB, as purchaser, and the Transferor, as seller, dated June 1, 2005, as amended and supplemented by the Transferor Letter Agreement.
In the event that the Transferor delivers to the Trustee a substitute letter of credit meeting the requirements of Section 4.01B(c), the Trustee shall release to the initial Letter of Credit Bank any funds on deposit in the Transferor Escrow Account for application pursuant to the agreement pursuant to which the initial Transferor Letter of Credit was issued.
Xxxxxxx Title: President THE BANK OF NEW YORK, as Trustee By: /s/ Mary Xxxx Xxxxxxx ----------------------------- Name: Mary Xxxx Xxxxxxx Title: Assistant Vice President Signature Page 76 EXHIBITS Exhibit A - Form of Note Exhibit B - Certificate to be Delivered Upon Exchange or Registration of Transfer of Notes Exhibit C - Transferee Letter of Representations Exhibit D - Transferor Letter Pursuant to Regulation S Transfers Exhibit A [FACE OF NOTE] CUSIP No. ____ JEFFXXXXX XXXUP, INC.
The Depositor hereby accepts such assignment and delegation, and shall be entitled to exercise all the rights of the Seller under the Transfer Agreements, the Transferor Letter Agreements and the Servicing Agreement, other than any servicing rights thereunder, as if the Depositor had been a party to each such agreement.
Each transferor of this Certificate, or any portion thereof, shall be required, prior to selling a Certificate, to execute the Transferor Letter in the form attached to the Trust Agreement as Exhibit B.
From and after the date of such Special Drawing, the term "Available Letter of Credit Amount" with respect to the Transferor Letter of --------------------------------- Credit shall be deemed to refer to the amount on deposit in the Transferor Escrow Account (excluding any investment earnings thereon).
Each of (i) the Seller’s Warranties and Servicing Agreement between Xxxxxx Brothers Bank FSB, as purchaser, and the Transferor, as seller, dated September 1, 2005, as amended and supplemented by the Transferor Letter Agreement dated August 12, 2005 and (ii) the Seller’s Warranties and Servicing Agreement between Xxxxxx Brothers Bank FSB, as purchaser, and the Transferor, as seller, dated October 1, 2005, as amended and supplemented by the Transferor Letter Agreement, dated October 7, 2005.
Until the earlier of (a) the date on which all Series are paid in full and (b) the Payoff Date, if a drawing under the Transferor Letter of Credit is called for under Section 4.01B(a), a withdrawal in the same amount from the Transferor Escrow Account shall instead be made and the related funds applied as provided therein.
If proceeds from the Transferor Letter of Credit are not available to pay such adjustment obligation in full, then the amount of Receivables used to calculate the Transferor Amount, any Invested Percentage, the B/F Amount and the Transferor Percentage will be reduced by the amount of the adjustment.