Insured Depository Institution Representations Sample Clauses

Insured Depository Institution Representations. If the Servicer is an Insured Depository Institution, the Servicer makes the following additional representations and warranties:
AutoNDA by SimpleDocs
Insured Depository Institution Representations. Seller is an "insured depository institution" as that term is defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended, and accordingly, Seller makes the following additional representations and warranties:
Insured Depository Institution Representations. Company is an “insured depository institution” as that term is defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended, and accordingly, Company makes the following additional representations and warranties:
Insured Depository Institution Representations. The Seller makes the following additional representations and warranties:
Insured Depository Institution Representations. If Seller is an Insured Depository Institution, Seller makes the following additional representations and warranties: (i) the Program Documents do not violate any statutory or regulatory requirements applicable to Seller; (ii) the Program Documents have been (1) executed contemporaneously with the definitive agreement reached by Buyer and Seller, (2) Seller’s Board of Directors has authorized Seller’s officers to negotiate and enter into the Agreement, which authorization shall be reflected in the minutes of said board, and (3) entered into the official records of Seller, a copy of which approvals, certified by a vice president or higher officer of Seller, has been provided to Buyer; (iii) the aggregate amount of the Purchase Price of the Transactions, after giving effect to any Transactions being made on the Purchase Date hereof, between Buyer and Seller does not exceed any restrictions or limitations imposed by the board of directors or regulatory requirements of Seller and (iv) as of any date of determination, Seller is Well Capitalized.
Insured Depository Institution Representations. Indymac is an “insured depository institution” as that term is defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended, and accordingly, Indymac makes the following additional representations and warranties:
Insured Depository Institution Representations. Special ---------------------------------------------- Servicer is an "insured depository institution" as that term is defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended, and accordingly, Special Servicer makes the following additional representations and warranties:
AutoNDA by SimpleDocs
Insured Depository Institution Representations. Guarantor is an Insured Depository Institution and accordingly, Guarantor makes the following additional representations and warranties:
Insured Depository Institution Representations. If it is an “insured depository institution” as that term is defined in Section 1813(c)(2) of Title 12 of the United States Code, as amended, and accordingly, it makes the following additional representations and warranties:
Insured Depository Institution Representations. If any Seller Party is an Insured Depository Institution, such Seller Party makes the following additional representations and warranties: (i) The Program Documents do not violate any statutory or regulatory requirements applicable to such Seller Party; (ii)The Program Documents have been (1) executed contemporaneously with the definitive agreement reached by Buyer and such Seller Party, (2) such Seller Party’s Board of Directors has authorized such Seller Party’s officers to negotiate and enter into the Agreement, which authorization shall be reflected in the minutes of said board, and (3) entered into the official records of such Seller Party, a copy of which approvals, certified by a vice president or higher officer of such Seller Party, has been provided to Buyer; (iii) The aggregate amount of the Purchase Price of the Transactions, after giving effect to any Transactions being made on the Purchase Date hereof, between Buyer and such Seller Party does not exceed any restrictions or limitations imposed by the board of directors or regulatory requirements of such Seller Party; and (iv) As of any date of determination, such Seller Party is Well Capitalized.
Time is Money Join Law Insider Premium to draft better contracts faster.