Common use of Article 8 Opt-In Clause in Contracts

Article 8 Opt-In. The Company hereby irrevocably elects that each Participation Certificate shall constitute and shall remain a “security” for purposes of Article 8 of the Uniform Commercial Code.

Appears in 5 contracts

Samples: GMSR Participation Agreement (loanDepot, Inc.), GMSR Participation Agreement (loanDepot, Inc.), GMSR Participation Agreement (loanDepot, Inc.)

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Article 8 Opt-In. The Company Seller hereby irrevocably elects that each Participation Certificate shall constitute and shall remain a “security” for purposes of Article 8 of the Uniform Commercial Code.

Appears in 4 contracts

Samples: MSR Servicing Agreement (Pennymac Financial Services, Inc.), MSR Servicing Agreement (PennyMac Mortgage Investment Trust), Servicing Agreement (PennyMac Mortgage Investment Trust)

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