Loans Comply with Law Sample Clauses

Loans Comply with Law. The form of each Loan and the transactions contemplated by the Loan comply with, and have been entered into in compliance with, all applicable law, and all required disclosures and notices have been given in compliance with all applicable law. Any applicable period during which the borrower may rescind the Loan has expired, and all Loan proceeds have been fully disbursed.
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Loans Comply with Law. Each Mortgage Loan application was taken and processed, and each Mortgage Loan was made in compliance with, all Applicable Requirements, including without limitation: Usury, the Equal Credit Opportunity Act and its implementing Regulation B, the Real Estate Settlement Procedures Act and its implementing Regulation X, the Financial Institutions Reform Recovery And Enforcement Act and its implementing regulations, Federal Deposit Insurance Corporation Improvement Act, the Truth-In-Lending Act and its implementing Regulation Z, the Fair Credit Reporting Act and any applicable state credit reporting laws, the Fair Debt Collection Practices Act, the Fair Housing Act, and Fair Lending Laws in all material respects, and consummation of the transactions contemplated hereby, including, without limitation, the receipt of interest by the Buyer or its designees and their successors in interest will not involve the violation of any such laws.
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Loans Comply with Law. The form of each Loan and the transactions contemplated by the Loan comply with, and have been entered into in compliance with, all applicable law, and all required disclosures and notices have been given in compliance with all applicable law; provided, however, that E-LOAN makes no representation or warranty as to the enforceability or effect of the arbitration clause or agreement that Correspondent requires E-LOAN to include in the Loan documentation.. Any applicable period during which the borrower may rescind the Loan has expired, and all Loan proceeds have been fully disbursed.
Sample 1
Loans Comply with Law. Each Mortgage Loan application was taken and processed, and each Mortgage Loan was made in compliance in all material respects with all applicable local, state and federal laws, regulations, rules and orders, including without limitation; usury, the Equal Credit Opportunity Act and its implementing Regulation B, the Real Estate Settlement Procedures Act and its implementing Regulation X, the Financial Institutions Reform Recovery And Enforcement Act and its implementing regulations, Federal Deposit Insurance Corporation Improvement Act, the Truth-In-Lending Act and its implementing Regulation Z, the Fair Credit Reporting Act and any applicable state credit reporting laws, the Fair Debt Collection Practices Act, the Fair Housing Act, and Fair Lending Laws in all material respects, and consummation of the transactions contemplated QUARTERLY BULK PURCHASE hereby, by the Seller will not involve the violation in any material respect of any such laws.
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Related to Loans Comply with Law

  • Comply with Laws It will comply in all material respects with all applicable laws and orders to which it may be subject if failure so to comply would materially impair its ability to perform its obligations under this Agreement or any Credit Support Document to which it is a party.

  • Failure to Comply with the 1934 Act So long as the Buyer beneficially owns the Note, the Company shall comply with the reporting requirements of the 1934 Act; and the Company shall continue to be subject to the reporting requirements of the 1934 Act.

  • Transfer to Comply with the Securities Act This Warrant, and the Warrant Shares, have not been registered under the 1933 Act. This Warrant, the Warrant Shares and any other security issued or issuable upon exercise of this Warrant may only be sold, transferred, pledged or hypothecated (other than to an Affiliate) if (a) there exists an effective registration statement under the 1933 Act relating to such security or (b) the Company has received an opinion of counsel reasonably satisfactory to the Company that registration is not required under the 1933 Act. Until such time as registration has occurred under the 1933 Act, each certificate for this Warrant, the Warrant Shares and any other security issued or issuable upon exercise of this Warrant shall contain a legend, in form and substance satisfactory to counsel for the Company, setting forth the restrictions on transfer contained in this Section 7. Any such transfer shall be accompanied by a transferor assignment substantially in the form attached to this Warrant as Exhibit B (the “Transferor Assignment”), executed by the transferor and the transferee and submitted to the Company. Upon receipt of the duly executed Transferor Assignment, the Company shall register the transferee thereon as the new Holder on the books and records of the Company and such transferee shall be deemed a “registered holder” or “registered assign” for all purposes hereunder, and shall have all the rights of the Holder.

  • Obligation to comply with notice The Borrower shall comply with a notice under Clause 6.1 by the date specified in the notice.

  • TRANSFER TO COMPLY WITH THE SECURITIES ACT OF 1933 This Warrant or the Warrant Shares or any other security issued or issuable upon exercise of this Warrant may not be sold or otherwise disposed of except as follows:

  • Covenant to Comply with Applicable Laws Upon Repurchase of Notes In connection with any repurchase offer, the Company will, if required:

  • Conformity with TIA Each amendment of this Indenture executed under this Article IX will conform to the requirements of the TIA as then in effect so long as this Indenture is qualified under the TIA.

  • Conformity with Law You agree that in selling Shares you will duly conform in all respects with the laws of the United States and any state in which Shares may be offered for sale by you pursuant to this Agreement and to the rules and regulations of the National Association of Securities Dealers, Inc., of which you are a member.

  • Governmental Rules and Regulations The provisions of this Agreement are subject to any and all present and future statutes, orders, rules and regulations of any duly constituted authority having jurisdiction of the relationship and transactions defined by this Agreement.

  • Indemnification for Failure to Comply with Diversification Requirements The Fund and the Adviser acknowledge that any failure (whether intentional or in good faith or otherwise) to comply with the diversification requirements specified in Article III, Section 3.3 of this Agreement may result in the Contracts not being treated as variable contracts for federal income tax purposes, which would have adverse tax consequences for Contract owners and could also adversely affect the Company's corporate tax liability. Accordingly, without in any way limiting the effect of Sections 8.2(a) and 8.3(a) hereof and without in any way limiting or restricting any other remedies available to the Company, the Fund, the Adviser and the Distributor will pay on a joint and several basis all costs associated with or arising out of any failure, or any anticipated or reasonably foreseeable failure, of the Fund or any Portfolio to comply with Section 3.3 of this Agreement, including all costs associated with correcting or responding to any such failure; such costs may include, but are not limited to, the costs involved in creating, organizing, and registering a new investment company as a funding medium for the Contracts and/or the costs of obtaining whatever regulatory authorizations are required to substitute shares of another investment company for those of the failed Fund or Portfolio (including but not limited to an order pursuant to Section 26(b) of the 1940 Act); fees and expenses of legal counsel and other advisors to the Company and any federal income taxes or tax penalties (or "toll charges" or exactments or amounts paid in settlement) incurred by the Company in connection with any such failure or anticipated or reasonably foreseeable failure. Such indemnification and reimbursement obligation shall be in addition to any other indemnification and reimbursement obligations of the Fund, the Adviser and/or the Distributor under this Agreement.

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