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Common use of Insolvent Clause in Contracts

Insolvent. The sale of the Mortgage Loans and Servicing Rights is not undertaken with the intent to hinder, delay or defraud any of the Seller's creditors;

Appears in 3 contracts

Sources: Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-3xs), Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-9ar), Master Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs)

Related Clauses

  • No Insolvency
  • Insolvency or Bankruptcy
  • No Insolvent Obligors
  • Insolvency, Etc
  • Bankruptcy; Insolvency

Parent Clauses

  • Certain Definitions
  • Default
  • Events of Default
  • Definitions
  • Termination

Sub-Clauses

  • ISSUER’S GROUP
  • COMPLIANCE WITH LAWS
  • Power and authority
  • INSOLVENCY
  • Legal validity
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