Common use of Intervening or Missing Assignments Clause in Contracts

Intervening or Missing Assignments. Buyer acknowledges and agrees that Seller shall have no obligation to secure or obtain any missing intervening assignment or any assignment to Seller that is not contained in the Loan File or among the Collateral Documents. Buyer shall have the sole responsibility and expense of securing any intervening assignment or any assignment to Seller that may be missing from the Collateral Documents from the appropriate source.

Appears in 2 contracts

Sources: Loan Sale Agreement (Resource America Inc), Loan Sale Agreement (Usb Holding Co Inc)

Intervening or Missing Assignments. Buyer acknowledges and agrees that Seller shall have has no obligation to secure or obtain any missing intervening assignment or any assignment to Seller that is not contained in the Loan File or among the Collateral Documents. Buyer shall will have the sole responsibility and expense of securing any intervening assignment or any assignment to Seller that may be missing from the Collateral Documents from the appropriate source.

Appears in 1 contract

Sources: Loan Sale Agreement