Enforcing Party definition

Enforcing Party. In connection with any Repurchase Request, (i) in the event one or more Requesting Certificateholders or Consultation Requesting Certificateholders has delivered a Final Dispute Resolution Election Notice with respect thereto pursuant to Section 2.03(g) of this Agreement, with respect to the mediation or arbitration that arises out of such Final Dispute Resolution Election Notice, such Requesting Certificateholder(s) and/or Consultation Requesting Certificateholder(s), or (ii) in all other cases, the Enforcing Servicer.

Enforcing Party. In connection with any Repurchase Request, (i) in the event one or more Dispute Resolution Requesting Holders has delivered a Final Dispute Resolution Election Notice with respect thereto pursuant to Section 2.03(g) of this Agreement, with respect to the mediation or arbitration that arises out of such Final Dispute Resolution Election Notice, such Dispute Resolution Requesting Holder(s), or (ii) in all other cases, the Enforcing Servicer.

Enforcing Party has the meaning set forth in Section 9.3.2.

Examples of Enforcing Party in a sentence

• The Buyer, the Enforcing Party and/or the assignee or transferee shall execute such documents as are reasonably necessary to give effect to the assignment, novation, transfer or disposal referred to in clause (b) (“Appointment and rights of Enforcing Party”).

• Notwithstanding any payment made by or for the account of the LLP pursuant to this Undertaking, the LLP shall not be subrogated to any right of any Applicable Enforcing Party or holder until such time as this Undertaking shall have been discontinued as to the LLP, the holders shall have received payment of the full amount of all Payment Amounts and the Notes shall have been repaid in full.

• At any time after the date of this Undertaking, one or more additional Persons may become parties hereto by executing and delivering to the Applicable Enforcing Party a counterpart of this Undertaking.

• It shall not be necessary for the Applicable Enforcing Party to first institute any proceeding or exhaust any remedy the Applicable Enforcing Party may have under any Repurchase Agreement or against the Issuer.

• If the amount in relevant currency that may be so purchased for any reason falls short of the amount originally due, the LLP shall indemnify and save harmless the Applicable Enforcing Party and such Person from and against all loss or damage arising out of or as a result of such deficiency.

More Definitions of Enforcing Party

Enforcing Party has the meaning set forth in Section 6(b).

Enforcing Party has the meaning set forth in Section 4.3.3 (Progress Reports; Participation).

Enforcing Party. The person obligated to or that elects pursuant to Section 2.03 to enforce the rights of the Trust against the related Mortgage Loan Seller with respect to the Repurchase Request.

Enforcing Party shall have the meaning set forth in Section 4.3.3 (Cooperation with Respect to Enforcement).

Enforcing Party has the meaning set forth in Section 4.4.3.

Enforcing Party shall have the meaning set forth in Section 7.3(b).

Enforcing Party has the meaning set forth in Section 7.5(iv).