Conveyance; First Priority Lien. Upon delivery to the Administrative Agent of the Certificate (and assuming the continuing possession by the Administrative Agent of such Certificate in accordance with the requirements of applicable law) and the filing of a financing statement covering the REO Subsidiary Interests, as applicable, in the appropriate jurisdictions and naming the Seller as debtor and the Administrative Agent as secured party, Seller has conveyed and transferred to Administrative Agent all of its right, title and interest to the REO Subsidiary Interests, including taking all steps as may be necessary in connection with the endorsement, transfer of power, delivery and pledge of all REO Subsidiary Interests as “securities” (as defined in Section 8-102 of the Uniform Commercial Code) to Administrative Agent. The Lien granted hereunder is a first priority Lien on the REO Subsidiary Interests.
Conveyance; First Priority Lien. Upon delivery to the Administrative Agent of the applicable Underlying Entity Certificate (and assuming the continuing possession by the Administrative Agent of the Purchased Asset in accordance with the requirements of applicable law) and the filing of a financing statement covering such Underlying Entity Certificate in the appropriate jurisdictions and naming the related Seller as debtor and the Administrative Agent as secured party, such Seller has conveyed and transferred to Administrative Agent all of its right, title and interest to such Underlying Entity Certificate, including taking all steps as may be necessary in connection with the endorsement, transfer of power, delivery and pledge of such Underlying Entity Certificate as a “security” (as defined in Section 8-102 of the Uniform Commercial Code) to Administrative Agent. Upon delivery of such Underlying Entity Certificate to Administrative Agent the Lien granted hereunder is a first priority Lien on such Underlying Entity Certificate.
Conveyance; First Priority Lien. Upon delivery to the Buyer of the certificates evidencing the Trust Interests (and assuming the continuing possession by the Buyer of such certificate in accordance with the requirements of applicable law) and the filing of a financing statement covering the Trust Interests in the State of Delaware and naming the Seller as debtor and the Buyer as secured party, Seller has conveyed and transferred to Buyer all of its right, title and interest to the Trust Interests, including taking all steps as may be necessary in connection with the indorsement, transfer of power, delivery and pledge of all Trust Interests as “securities” (as defined in Section 8-102 of the Uniform Commercial Code) to Buyer. The Lien granted hereunder is a first priority Lien on the Trust Interests.
Conveyance; First Priority Lien. Upon delivery to the Buyer of the Purchased Certificates (and assuming the continuing possession by the Buyer of such Certificate in accordance with the requirements of applicable law) and the filing of a financing statement covering the Purchased Certificates in the State of Delaware and naming the Seller as debtor and the Buyer as secured party, Seller has conveyed and transferred to Buyer all of its right, title and interest to the Purchased Certificates, including taking all steps as may be necessary in connection with the indorsement, transfer of power, delivery and pledge of all Purchased Certificates as “securities” (as defined in Section 8-102 of the Uniform Commercial Code) to Buyer. The Lien granted hereunder is a first priority Lien on the Purchased Certificates.
Conveyance; First Priority Lien. Upon delivery to the Buyer of the Certificate (and assuming the continuing possession by the Buyer of such Certificate in accordance with the requirements of applicable law) and the filing of a financing statement covering the Transaction Subsidiary Interests or REO Subsidiary Interests, as applicable, in the appropriate jurisdictions and naming the Seller as debtor and the Buyer as secured party, Seller has conveyed and transferred to Buyer all of its right, title and interest to the Transaction Subsidiary Interests and REO Subsidiary Interests, including taking all steps as may be necessary in connection with the endorsement, transfer of power, delivery and pledge of all Transaction Subsidiary Interests and REO Subsidiary Interests as “securities” (as defined in Section 8-102 of the Uniform Commercial Code) to Buyer. The Lien granted hereunder is a first priority Lien on the Transaction Subsidiary Interests and REO Subsidiary Interests.
Conveyance; First Priority Lien. Upon the filing of a financing statement covering the REO Asset, as applicable, in the appropriate jurisdictions and naming the Seller as debtor and Agent for the benefit of Purchasers as secured party, Seller has conveyed and transferred to Agent for the benefit of Purchasers all of its right, title and interest to the Membership Interest, including taking all other steps as may be necessary in connection with the transfer and pledge of the Membership Interest to Agent for the benefit of Purchasers. The Lien granted hereunder is a first priority Lien on the REO Asset.
Conveyance; First Priority Lien. Upon deposit of the CUSIP to Agent’s designated account (and assuming the continuing possession by Agent of CUSIP in accordance with the requirements of applicable law) and the filing of a financing statement covering such Xxxxxx Mae Tail HMBS, as applicable, in the appropriate jurisdictions and naming the Seller as debtor and Agent as secured party, Seller has conveyed and transferred to Agent all of its right, title and interest to such Xxxxxx Xxx Tail HMBS, including taking all steps as may be necessary in connection with the endorsement, transfer of power, delivery and pledge of such Xxxxxx Mae Tail HMBS as “securities” (as defined in Section 8-102 of the Uniform Commercial Code) to Agent. The Lien granted hereunder is a first priority Lien on such Xxxxxx Xxx Tail HMBS.
Conveyance; First Priority Lien. Upon delivery to the Administrative Agent of the related Purchased Certificate (and assuming the continuing possession by the Administrative Agent of such Certificate in accordance with the requirements of applicable law) and the filing of a financing statement covering such Purchased Certificate in the State of Delaware and naming the related Seller as debtor and the Administrative Agent as secured party, such Seller has conveyed and transferred to Administrative Agent all of its right, title and interest to such Purchased Certificate, including taking all steps as may be necessary in connection with the indorsement, transfer of power, delivery and pledge of such Purchased Certificate as a “security” (as defined in Section 8-102 of the Uniform Commercial Code) to Administrative Agent. The Lien granted hereunder is a first priority Lien on the related Purchased Certificate.
Conveyance; First Priority Lien. Upon execution and delivery of the Program Agreements and the delivery to the Buyer of the Trust Certificate (and assuming the continuing possession by the Buyer of such Trust Certificate in accordance with the requirements of applicable law) and the filing of a financing statement covering the Trust Interests in the State of Delaware and naming the Seller as debtor and the Buyer as secured party, Seller has conveyed and transferred to Buyer all of its right, title and interest to the Trust Interests, including taking all steps as may be necessary in connection with the endorsement, transfer of power, delivery and pledge of all Trust Interests as “securities” (as defined in Section 8-102 of the Uniform Commercial Code) to Buyer. Upon delivery to the Buyer of the Stock Certificate (and assuming the continuing possession by the Buyer of such certificate in accordance with the requirements of applicable law) and the filing of a financing statement covering the Stock Interests in the State of Delaware and naming the Trust Subsidiary as debtor and the Buyer as secured party, Trust Subsidiary has pledged to Buyer all of its right, title and interest to the Stock Interests, including taking all steps as may be necessary in connection with the endorsement in blank of, collateral assignment of and delivery and pledge of all Stock Interests as “securities” (as defined in Section 8-102 of the Uniform Commercial Code) to Buyer. The Lien granted hereunder is a first priority Lien on the Stock Interests.
Conveyance; First Priority Lien. Upon deposit of the CUSIP to the Administrative Agent’s designated account (and assuming the continuing possession by the Administrative Agent of CUSIP in accordance with the requirements of applicable law) and the filing of a financing statement covering the GNMA HMBS, as applicable, in the appropriate jurisdictions and naming the Seller as debtor and the Administrative Agent as secured party, Seller has conveyed and transferred to Administrative Agent all of its right, LEGAL02/37648106v16 title and interest to the GNMA HMBS, including taking all steps as may be necessary in connection with the endorsement, transfer of power, delivery and pledge of all GNMA HMBS as “securities” (as defined in Section 8-102 of the Uniform Commercial Code) to Administrative Agent. The Lien granted hereunder is a first priority Lien on the GNMA HMBS.
