Investor Approval. In connection with any Reconstitution, Seller shall notify Purchaser in writing at least ten (10) Business Days but not less than five (5) Business Days prior to such related Reconstitution Date for any transfer of the Mortgage Loans to an investor. Subsequent to any such transfer, the Mortgage Loans shall continue to be serviced in accordance with Exhibit M. Any such transfer shall be subject to Article XI. If a Reconstitution occurs within the same month as the Transfer Date, Seller must provide notification of such Reconstitution no later than seven (7) Business Days following the Transfer Date.
Investor Approval. Seller shall use commercially reasonable efforts to obtain the Investor approval required by Section 8.5 of this Agreement within forty-five (45) days of the date of this Agreement. Queyrouze shall vote, and shall cause Crescent City Investments, Inc., and other legal persons and juridical entities controlled by him or for whom he has authority to act, to vote, in favor of the transaction contemplated in this Agreement in any vote where such Investor approval is sought. Seller may be granted an extension of time upon good cause shown to obtain the Investor approval required in Section 8.5.
Investor Approval. Whenever this Agreement calls for or refers to the consent or approval of any matter by an Investor Member, such consent or approval shall be deemed given by the Investor Member if each of such Investor Member’s designees on the Board has, in his capacity as a Manager of the LLC, given his consent or approval with respect to such matter at a duly convened meeting of the Board or pursuant to an effective written consent of the Board, unless, with respect to any given matter, such Investor Member notifies the LLC in writing that the consent or approval at the Board level by such Investor Member’s designees on the Board does not constitute the consent or approval by such Investor Member itself.
Investor Approval. The Company agrees that it shall not procure any Loan with a Lender, or execute any definitive documentation in connection with a proposed Loan, without the prior written consent of the Investor, which shall not be unreasonably withheld; provided, however, that any request by a Lender of Investor to provide additional credit support or enhancement for any such Loan shall be grounds for Investor withholding consent to any such Loan. The Company shall provide written notice to the Investor which sets forth the terms of a proposed Loan at least 5 business days prior to the execution of definitive documentation in connection with such proposed Loan. The Investor shall have 3 business days following receipt of the notice to reasonably object to the terms proposed Loan. In the event such terms and conditions are modified during the notice period, the Investors shall be given prompt notice of such modification and shall have the right during the 3 business days following the notice of modification, whichever is longer, to reasonably object to the terms proposed Loan.
Investor Approval. At or prior to the initial Transfer Date, the Investor Consents shall have been issued by all of FHLMC, FNMA and IHDA and delivered to Purchaser and shall not contain any term or condition that could adversely affect the value of the Servicing Rights to Purchaser or impose any cost or obligation on Purchaser not normally imposed in the ordinary course of a transfer of servicing rights.
Investor Approval. Each of the following actions may not be taken without the prior written consent of Investor:
Investor Approval. The Seller shall, at its sole cost, obtain the applicable Investor Consents no later than twenty (20) calendar days before each applicable Transfer Date, and shall deliver to the Buyer a copy of such Investor Consents no later than such date. The Seller shall begin its efforts to obtain such approval no later than five (5) Business Days after the date of this Agreement. The Seller shall pay any and all transfer fees and any related amounts charged by any applicable Investor. Notwithstanding the above, the Buyer shall not require the Seller to provide an Investor Consent for a Mortgage Loan if the applicable Investor does not require the Seller to obtain an Investor Consent to transfer the Servicing Rights to the Buyer. If the Seller fails to obtain any such Investor Consent from a Private Investor, the Buyer shall (a) not pay for the related Servicing Rights until and unless the Seller provides the Buyer with such Investor Consent; and (b) nevertheless accept the transfer of the related Servicing Rights on the applicable Transfer Date. If any such Private Investor requires the Buyer to transfer such Servicing Rights to such Private Investor or its designee servicer, the Seller shall indemnify and hold the Buyer harmless from and against any and all Damages relating to or arising out of the transfer of such Servicing Rights.
Investor Approval. Buyer's obtaining, on or before the Approval Date, the written approval of its investor client for the purchase of the Property on the terms set forth in this Agreement.
Investor Approval. Each of the undersigned Shareholders acknowledges and agrees that each of Xxxxxx Xxxxxx, Xxxxxx Xxxxxx and Xxxx Xxxxxxx have been approved and designated as Independent Directors by Investor Approval.
Investor Approval. At or prior to the Sale Date, all Investor Consents shall have been received from the Investors and the Federal Housing Finance Agency and delivered to Purchaser and shall not contain any term or condition that could adversely affect the value of the Servicing Rights to Purchaser or impose any cost or obligation on Purchaser not normally imposed in the ordinary course of a transfer of servicing rights.
