Holder Responsibilities Sample Clauses
Holder Responsibilities. (a) The Issuer may require each Holder of Registrable Shares included in a Registration Statement and each Hedging Counterparty in respect of a Hedging Transaction as promptly as reasonably practicable to furnish in writing to the Issuer, through the Lead Holder, such information regarding such Holder, the Hedging Counterparty or the distribution of the Registrable Shares as the Issuer may from time to time reasonably request and such other information as may be legally required in connection with such registration. If a Holder or Hedging Counterparty fails to provide the requested information after being given 15 Business Days’ written notice of such request and the requested information is required by applicable law to be included in the Registration Statement, the Issuer shall be entitled to refuse to include for registration such Holder’s Registrable Shares or other shares of Common Stock in connection with such Hedging Counterparty’s Hedging Transaction, as the case may be.
(b) In connection with any disposition of Registrable Shares pursuant to a Registration Statement, each Holder agrees that it will not use any Free Writing Prospectus without the prior consent of the Issuer, which consent will not be unreasonably withheld or delayed.
(c) Each Holder agrees that, upon receipt of any written notice from the Lead Holder or the Issuer of the happening of any event of the kind described in Section 3.01(f), such Holder will forthwith discontinue the disposition of such Holder’s Registrable Shares pursuant to the Registration Statement until such Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 3.01(f). If the Issuer shall give such notice with regards to any Demand Registration Statement, the Effectiveness End Date in respect of such Registration Statement shall be extended by the number of days during the period from and including the date such notice was given by the Issuer to the date when the Issuer shall have made available to the Lead Holder a prospectus or prospectus supplement that conforms with the requirements of Section 3.01(f).
(d) Each Holder will as promptly as reasonably practicable notify the Issuer and the Lead Holder, at any time when a prospectus relating thereto is required to be delivered (or deemed delivered) under the 1933 Act, of the occurrence of an event, of which such Holder has knowledge, relating to such Holder or its disposition of Registrable Shares thereunder requiring the pr...
Holder Responsibilities. (a) New DHC may require each Holder of Registrable Shares included in a Registration Statement promptly to furnish in writing to New DHC such information regarding such Holder or the distribution of the Registrable Shares as New DHC may from time to time reasonably request and such other information as may be legally required in connection with such registration or required to be disclosed in order to make the information previously furnished to New DHC by such Holder not materially misleading or necessary to cause such Registration Statement not to omit a material fact with respect to such Holder necessary in order to make the statements therein not
Holder Responsibilities. Holder shall be responsible for:
(i) Providing Servicer with complete Credit Files for each loan submitted hereunder to enable Servicer to place and service the loan(s) on its system. All such documentation must be received no later than seventy-two hours (72) after the close of any purchase-money transaction, and no later than seventy-two hours (72) after the end of the applicable rescission period for any refinance transaction (the Transfer Date).
(ii) Advising Servicer upon delivery of each loan submitted for servicing as to whether the loan is in a warehouse (unsold) status. If a loan which has been delivered to Servicer in a warehouse (unsold) status is subsequently sold, Holder will immediately notify Servicer of the sale by written confirmation and will deliver a copy of the Investor's purchase advice or funding detail report, and Holder shall pay all outstanding interest and fees owed to Servicer pursuant to the Warehouse Agreement and this Agreement prior to any transfer of servicing. Holder shall also provide Servicer with all necessary information regarding the Investor that will enable Servicer to clear the account from its system and transfer the account to the Investor in a timely manner. In the event the Investor charges a penalty for late reporting, remittances, etc., which were caused by Holder's delay in notifying Servicer of the Investor's purchase of the loan, Holder agrees to pay such penalty.
(iii) Providing Servicer with Escrow Payments collected at closing, insurance and tax information and any other documentation required by Servicer in the performance of its servicing function pursuant to this agreement.
(iv) Providing Servicer with physical evidence that a hazard insurance policy and, if applicable, a Private Mortgage Insurance (PMI) policy (not limited to HUD's Mortgage Insurance Coverage) is in force for each loan delivered to Servicer for servicing and allowing Servicer sufficient time to receive evidence in-house that all notification(s) have been forwarded to Servicer. Further, Holder agrees to indemnify and hold Servicer harmless from any loss, damage, claim or expense caused by insufficient evidence of hazard insurance, or, if applicable, by a lapse in Private Mortgage Insurance coverage or flood insurance coverage prior to delivery of servicing to Servicer.
(v) Assuring that improvements on property securing each Mortgage are insured by hazard insurance in an amount at least equal to the unpaid principal balance of the lo...
Holder Responsibilities. (a) The Corporation may require each Holder of Registrable Shares included in a Registration Statement to promptly furnish in writing to the Corporation such information regarding such Holder or the distribution of the Registrable Shares as the Corporation may from time to time reasonably request and such other information as may be legally required in connection with such registration or required to be disclosed in order to make the information previously furnished to the Corporation by such Holder not materially misleading or necessary to cause such Registration Statement not to omit a material fact with respect to such Holder necessary in order to make the statements therein not misleading. The right of any Holder to include such Holder’s Registrable Shares in any Registration Statement shall be subject to its compliance with this Section 3.02(a).
(b) In connection with any disposition of Registrable Shares pursuant to a Registration Statement, each Holder agrees that it will not use any Free Writing Prospectus without the prior consent of the Corporation.
(c) Each Holder agrees that, upon receipt of any written notice from the Corporation of the happening of any event of the kind described in Section 3.01(k), such Holder will forthwith discontinue the disposition of such Holder’s Registrable Shares pursuant to a Registration Statement until such Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 3.01