Common use of Sharing in the Assets Clause in Contracts

Sharing in the Assets. The Boston Bank and MPF Provider shall be entitled to their respective pro rata shares of all principal, interest and other recoveries received relative to each of the Boston Bank Program Loans subject to their respective pro rata obligations with respect to the (i) the credit enhancement fees payable under the applicable PFI Agreement, (ii) Realized Losses defined in the applicable PFI Agreement, (iii) Agent Fees under the PFI Agreement and all other costs and expenses incurred or payable for the management of the asset, with respect to such Loan or the PFI Agreement to which such Loan relates, and (iv) Administrative Costs in connection with such dispositions that are in excess of the Spread Account/First Loss Account and the Credit Enhancement provided by the PFI.

Appears in 4 contracts

Samples: Mortgage Partnership Finance, Investment and Services Agreement (Federal Home Loan Bank of Chicago), Investment and Services Agreement (Federal Home Loan Bank of Chicago)

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