Common use of Marking of Books and Records Clause in Contracts

Marking of Books and Records. The Depositor shall, at its own expense, on or prior to the applicable Sale Date, in the case of Additional Receivables, indicate in its books and records (including its computer records) that the Receivables arising under each Designated Servicing Agreement and the related Transferred Assets have been sold and/or contributed, assigned, transferred and conveyed to the Issuer in accordance with this Agreement. The Depositor shall not alter the indication referenced in this paragraph with respect to any Receivable during the term of this Agreement, (except in accordance with Section 10(b)). If a third party, including a potential purchaser of a Receivable, should inquire as to the status of the Receivables, the Depositor shall promptly indicate to such third party that the Receivables have been sold and/or contributed, assigned, transferred and conveyed and the Depositor (except in accordance with Section 10(b)) shall not claim any right, title or interest (including, but not limited to ownership interest) therein.

Appears in 8 contracts

Samples: Receivables Pooling Agreement (New Residential Investment Corp.), Receivables Pooling Agreement (Nationstar Mortgage Holdings Inc.), Receivables Pooling Agreement (New Residential Investment Corp.)

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Marking of Books and Records. The Depositor Ditech shall, at its own expense, on or prior to the applicable Sale Date, in the case of Additional Receivables, indicate in its books and records (including its computer records) that the Receivables in respect of a Designated Pool arising under each Designated Servicing Agreement and the related Transferred Assets have been sold and/or contributedsold, assigned, transferred and conveyed to the Issuer Depositor in accordance with this AgreementAgreement and are owned by the Issuer and pledged to the Indenture Trustee on behalf of the Noteholders. The Depositor Ditech shall not alter the indication referenced in this paragraph with respect to any Receivable during the term of this Agreement, Agreement (except in accordance with Section 10(b9(b)). If a third party, including a potential purchaser of a Receivable, should inquire as to the status of the Receivables, the Depositor Ditech shall promptly indicate to such third party that the Receivables have been sold and/or contributedsold, assigned, transferred and conveyed and the Depositor Ditech (except in accordance with Section 10(b9(b)) shall not claim any right, title or interest (including, but not limited to ownership interest) therein.

Appears in 2 contracts

Samples: Receivables Sale Agreement (DITECH HOLDING Corp), Receivables Sale Agreement (Walter Investment Management Corp)

Marking of Books and Records. The Depositor shall, at its own expense, on or prior to the applicable Sale Date, in the case of Additional Receivables, indicate in its books and records (including its computer records) that the Receivables arising under each Designated Servicing Agreement and the related Transferred Assets have been sold and/or contributed, assigned, transferred and conveyed to the Issuer in accordance with this Agreement. The Depositor shall not alter the indication referenced in this paragraph with respect to any Receivable during the term of this Agreement, (except in accordance with Section 10(b10(B)). If a third party, including a potential purchaser of a Receivable, should inquire as to the status of the Receivables, the Depositor shall promptly indicate to such third party that the Receivables have been sold and/or contributed, assigned, transferred and conveyed and the Depositor (except in accordance with Section 10(b10(B)) shall not claim any right, title or interest (including, but not limited to ownership interest) therein.

Appears in 1 contract

Samples: Receivables Pooling Agreement (Home Loan Servicing Solutions, Ltd.)

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Marking of Books and Records. The Depositor Ditech shall, at its own expense, on or prior to the applicable Sale Date, in the case of Additional Receivables, indicate in its books and records (including its computer records) that the Receivables arising under each Designated Servicing Agreement and the related Transferred Assets have been sold and/or contributedsold, assigned, transferred and conveyed to the Issuer Depositor in accordance with this AgreementAgreement and are owned by the Issuer and pledged to the Indenture Trustee on behalf of the Noteholders. The Depositor Ditech shall not alter the indication referenced in this paragraph with respect to any Receivable during the term of this Agreement, Agreement (except in accordance with Section 10(b9(b)). If a third party, including a potential purchaser of a Receivable, should inquire as to the status of the Receivables, the Depositor Ditech shall promptly indicate to such third party that the Receivables have been sold and/or contributedsold, assigned, transferred and conveyed and the Depositor Ditech (except in accordance with Section 10(b9(b)) shall not claim any right, title or interest (including, but not limited to ownership interest) therein.

Appears in 1 contract

Samples: Receivables Sale Agreement (DITECH HOLDING Corp)

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