Assignment or Termination of Certain Contracts Sample Clauses

Assignment or Termination of Certain Contracts. Purchaser elects to utilize the services of First American Real Estate Information Services, Inc. ("First American") for life of loan tax service. Accordingly, Seller will cancel tax service with Transamerica Real Estate Tax Service and any other tax service provider other than First American as of the applicable Transfer Date with respect to all Mortgage Loans. Thirty (30) days prior to the applicable Transfer Date, Seller will provide a data tape to First American, which contains information that First American requires to execute a "verified takeover" in favor of Purchaser. It is anticipated that such data tape shall be in the standard "AB38A3" format. If a data tape cannot be produced by Seller in the required format, the Seller shall, with respect to each Mortgage Loan, provide a hard copy of legal descriptions, identifying the parcels subject to tax. Seller also shall assign to Purchaser, effective as of the applicable Transfer Date, fully paid, transferable, life of the loan flood zone certification contracts issued by First American Flood Data Services, Inc. related to all Mortgage Loans, or Seller shall reimburse Purchaser for the cost of securing such certifications; provided that Seller's liability in connection with securing such certifications shall in no event be greater than $18.00 per Mortgage Loan. Seller shall obtain, at its expense, the required consents, if any, to assign such flood zone certification contracts to Purchaser.
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Related to Assignment or Termination of Certain Contracts

  • Termination of Certain Contracts Purchaser shall have received evidence reasonably acceptable to Purchaser that the Contracts set forth on Schedule 10.3(e)(ix) involving any of the Target Companies and/or Sellers or other Related Persons shall have been terminated with no further obligation or Liability of the Target Companies thereunder.

  • Termination of Certain Agreements On and as of the Closing, the Company shall take all actions necessary to cause the Contracts listed on Schedule 6.04 to be terminated without any further force and effect and without any cost or other liability or obligation to the Company or any of its Subsidiaries, and there shall be no further obligations of any of the relevant parties thereunder following the Closing.

  • Termination of Certain Rights Any termination of this Lease pursuant to this Article 13 shall cause any right of the Lessee to extend the Term of this Lease, granted to the Lessee herein and any right of the Lessee to purchase the Leased Property contained in this Lease to be terminated and to be without further force or effect.

  • Termination of Certain Provisions 46 SECTION 7.14.

  • Termination of Contracts Neither the Company nor any of its Subsidiaries has sent or received any communication regarding termination of, or intent not to renew, any material contract or agreement referred to or described in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus or filed as an exhibit to the Registration Statement, and no such termination or non-renewal has been threatened by the Company or any of its Subsidiaries or by any other party to any such contract or agreement.

  • Termination of Certain Covenants The covenants set forth in this Section 2 shall terminate and be of no further force or effect upon the earlier of: (i) the consummation of the sale of securities pursuant to a Qualifying IPO; or (ii) the first date upon which none of the Registrable Securities are outstanding.

  • ASSUMPTION OF CERTAIN DUTIES AND OBLIGATIONS The Assuming Institution agrees with the Receiver and the Corporation as follows:

  • Assumption of Certain Obligations Buyer shall assume only those liabilities related to the Business or Assets which are referred to in Section 2.2(a) or are otherwise expressly assumed in this Agreement (the "Assumed Liabilities").

  • Modification of Certain Agreements The Borrower will not, and will not permit any of its Subsidiaries to, consent to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in,

  • Payments on Termination and Survival of Certain Rights and Obligations Payments to the Advisor pursuant to this Section 13.03 shall be subject to the 2%/25% Guidelines to the extent applicable.

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