Assignments of Mortgage. As to any Mortgage Loan, the Assignment of Mortgage is in recordable form and is acceptable for recording under the laws of the jurisdiction in which the Mortgaged Property is located;
Assignments of Mortgage. (a) Each Seller shall, or shall cause the applicable Interim Servicer to, at such Seller’s expense, register with MERS an assignment to the Purchaser or its designee of each related MERS Mortgage Loan promptly following the Closing Date.
Assignments of Mortgage. Each related Assignment of Mortgage and assignment of Assignment of Rents from Seller in blank constitutes the legal, valid and binding first priority assignment from Seller (assuming the insertion of the Buyer’s name), except as such enforcement may be limited by bankruptcy, insolvency, receivership, reorganization, moratorium, redemption, liquidation or other laws relating to or affecting the enforcement of creditors’ rights generally, or by general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity or at law). The related Mortgage and the related Assignment of Rents, if any, is freely assignable without the consent of any Person.
Assignments of Mortgage. As of the Sale Date and Servicing Transfer Date, each Mortgage Loan has been duly and properly assigned to the current Investor or Servicer, as applicable, in accordance with Applicable Requirements, and the Legal Documents contain intervening Assignments of Mortgage Instruments evidencing a complete chain of assignment from the Originator to the current Investor or Servicer, as applicable, all in compliance with Applicable Requirements, or will be so assigned as contemplated by Section 5.01(d) hereof.
Assignments of Mortgage. Each Mortgage Loan has been duly and properly assigned to MERS, or to the current Investor or as otherwise permitted by Applicable Requirements, and the Legal Documents contain intervening Assignments of Mortgage Instruments evidencing a complete chain of assignment from the Originator to the applicable Persons, if required, all in compliance with Applicable Requirements, or will be so assigned as contemplated by Section 5.01(d) hereof.
Assignments of Mortgage. In connection with the assignment of any MERS Loan, Seller agrees that, within ten (10) days after the Purchase Date, it will cause the MERS System to indicate that such Mortgage Loan and the related Servicing Rights have been assigned to MaxCap by Seller as the beneficial owner and servicer of the Mortgage Loan.
Assignments of Mortgage. On or before the Closing Date, Borrower shall have executed and delivered in escrow to Textron, or an agent designated by Lender and Additional Lenders under the Intercreditor Agreement, all of the appropriate Assignments of Mortgage requested by Lender and Additional Lenders in the form attached hereto as EXHIBIT O and as approved by Lender and Additional Lenders at their sole and absolute discretion.
Assignments of Mortgage. Each such Assignment of Mortgage (including any permitted modifications as requested and approved by Lender and Additional Lenders thereto) delivered to Textron or an agent or successor designated by Lender and Additional Lenders pursuant to Section 7(e) hereof shall be in full force and effect and has not be modified, amended or terminated (except as approved by Lender and Additional Lenders pursuant to the terms of Section 7(e) hereinabove), and Lender, Textron and Sovereign shall continue to have equal one-third (1/3) first priority continuing security interest and lien in and to the right, title, and interest of Borrower in the Ineligible Note Portfolio.
Assignments of Mortgage. The Assignments of Mortgage executed and delivered by Borrower in connection with the Ineligible Note Portfolio and pursuant to the terms of Section 7(e) of this Fourth Amendment, in the form attached hereto as EXHIBIT O. AVAILABILITY PERIOD. The availability period for the Inventory Loan commencing on the Closing Date and ending on March 31, 2004. BACKUP SERVICING AGREEMENT. Shall mean the agreement, in the form attached hereto as EXHIBIT K, pursuant to which the Standby Servicer shall provide servicing functions with respect to the pledged Notes Receivable upon the occurrence of an Event of Default hereunder in accordance with Section 17 hereof. BOND HOLDER EXCHANGE TRANSACTION. The term "Bond Holder Exchange Transaction" shall mean that certain senior subordinate note holder exchange transaction on the terms and conditions outlined in that certain Term Sheet dated October 19, 2001 (the "Bond Holder Exchange Term Sheet"), a copy of which is attached hereto as EXHIBIT I, and which is to be consummated by the documents listed on SCHEDULE I hereto (the "Bond Holder Exchange Documents").
Assignments of Mortgage. Upon the satisfaction of all conditions to release of the Property from the Lien of the Mortgage in accordance with Section 2.5.1, at Borrower’s sole cost and expense, Lender shall reasonably cooperate with Borrower to assign the Lien of the Mortgage encumbering the Property; provided, that any such assignment shall be conditioned on the following: (a) payment by Borrower of (i) the reasonable out-of-pocket expenses of Lender incurred in connection therewith; (ii) Lender’s reasonable attorney’s fees for the preparation and delivery of such an assignment and (iii) the current fee being assessed by the Servicer to effect such assignment, so long as such fee is reasonable and is not calculated by reference to the amount of the Loan or the amount of the applicable Mortgage; (b) such an assignment is not then prohibited by any federal, state or local law, rule, regulation, order or by any other governmental authority; (c) such assignment and the actions contemplated thereby will neither cause any trust formed as a REMIC pursuant to a Securitization to fail to qualify as a “real estate mortgage investment conduit” within the meaning of Section 860D of the Code at any time that any “regular interests” in the REMIC are outstanding or cause a “prohibited transaction” tax (within the meaning of Section 860F USActive 30748472.10 -43-
