Wachovia Clause Samples
The 'Wachovia' clause typically refers to a provision in financial agreements that designates Wachovia Bank (now part of Wells Fargo) as a specific party for certain roles, such as agent, lender, or account bank. In practice, this clause may specify that payments, notices, or other contractual obligations are to be directed to or handled by Wachovia, and it may outline the rights and responsibilities of Wachovia in the context of the agreement. The core function of this clause is to clearly identify Wachovia's role and ensure that all parties understand how interactions with the bank are to be managed, thereby reducing confusion and ensuring smooth administration of the contract.
Wachovia. Wachovia Mortgage Corporation, a North Carolina corporation, and its successors and assigns.
Wachovia. Wachovia Mortgage Corporation, and its successors and assigns, in its capacity as Servicer of the Wachovia Mortgage Loans to the Transferor.
Wachovia. Wachovia Mortgage Corporation, and any successor thereto.
Wachovia hereby represents and warrants that each and every commercial and noncommercial hardware, software, firmware, mechanical, or electrical product ("Products") used, created, assembled, manufactured, developed, or modified in connection with any goods or services offered or provided under this Agreement shall, at no additional costs to the Fund, be able to store and process accurately any and data reflected in the currency unit of the European Monetary Union, the Euro, and related to the Euro (including, but not limited to, calculating, comparing, storing, processing, recording, valuing, recognizing, validating, presenting and sequencing). The Fund may, at no additional cost, require Wachovia to demonstrate compliance and/or compliance techniques and test procedures it intends to follow or evidence of compliance by Wachovia and relevant third party vendors, consistent with the Euro related representations, warranties and obligations contained herein. These representations and warranties shall be in effect so long as the service(s) or Product(s) provided under this Agreement are used by Wachovia or provided by Wachovia for the benefit of the Fund.
Wachovia. Opinions of legal counsel for the Seller Parties reasonably acceptable to the Administrator:
Wachovia its directors, officers, managers, agents, and employees shall not, directly or indirectly, maintain, solicit, suggest, advocate, discuss or carry out any unlawful combination, conspiracy, agreement, understanding, plan or program with any actual or potential competitor, financial advisor, swap advisor, bidding agent or broker to: (a) submit courtesy, cover or otherwise non-competitive bids for Municipal Bond Derivatives; (b) refrain from bidding on or negotiating for Municipal Bond Derivatives; (c) coordinate the preparation, submission, content, price and other terms of Municipal Bond Derivatives; or (d) engage in the Relevant Conduct as defined above.
Wachovia. A favorable opinion of inhouse counsel to ABI as to certain matters.
Wachovia as surviving corporation in the Merger, hereby assumes the due and punctual payment of the principal of and interest on all the Securities and the performance of every covenant and every obligation of the Indenture on the part of Central Fidelity to be performed.
Wachovia. Effective as of June 30, 2009, the definition of “Wachovia” set forth in Section 1.176 of the Loan Agreement is hereby amended and restated in its entirety as follows:
Wachovia in its capacity as servicer of the Mortgage Loans (other than the Non-Serviced Mortgage Loans), and the servicers of the Mortgage Loans that are Non-Serviced Mortgage Loans, and their respective successors and assigns in such capacities, are referred to herein as the "Servicers." LNR, in its capacity as special servicer of the Mortgage Loans, and the special servicers of the Mortgage Loans that are Non-Serviced Mortgage Loans, and their respective successors and assigns in such capacities, are referred to herein as the "Special Servicers." Capitalized terms used but not otherwise defined herein shall have the respective meanings given to them in the Pooling and Servicing Agreement.