Within one Business Day. Upon receipt by the Indenture Trustee of written notification of the deposit signed by a Servicing Officer, the Indenture Trustee shall release to the Originator the related Mortgage File and shall execute and deliver any instruments of transfer or assignment delivered to it for execution and reasonably acceptable to it, in each case without recourse, representation, or warranty, necessary to release the Mortgage Loan from the lien of this Indenture and vest in the Originator the Mortgage Loan previously transferred and assigned pursuant to this provision. The certification and written notification of the deposit each from a Servicing Officer may be delivered to the Indenture Trustee electronically, and to the extent the transmission originates on its face from a Servicing Officer, need not be manually signed. In addition, the Master Servicer may agree to changes in the terms of a Mortgage Loan at the request of the mortgagor if the changes (i) do not materially and adversely affect the interests of Noteholders, the Transferor, or the Credit Enhancer and (ii) are consistent with prudent and customary business practice as evidenced by a certificate signed by a Servicing Officer delivered to the Indenture Trustee and the Credit Enhancer. In addition, the Master Servicer may solicit mortgagors to change any other terms of the related Mortgage Loans if the changes (i) do not materially and adversely affect the interests of the Noteholders, the Transferor, or the Credit Enhancer and (ii) are consistent with prudent and customary business practice as evidenced by a certificate signed by a Servicing Officer delivered to the Indenture Trustee and the Credit Enhancer. Nothing in this Agreement shall limit the right of the Master Servicer to solicit mortgagors with respect to new loans (including mortgage loans) that are not Mortgage Loans. The Master Servicer may register any Mortgage Loan on the MERS(R) System, or cause the removal from registration of any Mortgage Loan on the MERS(R) System, and execute and deliver, on behalf of the Owner Trustee, any instruments of assignment and other comparable instruments with respect to the assignment or re-recording of a mortgage in the name of MERS, solely as nominee for the Owner Trustee and its successors and assigns. For so long as any Mortgage Loan is registered on the MERS(R) System, the Master Servicer shall maintain in good standing its membership in MERS and shall comply in all material respects with the rules and ...
Within one Business Day of the occurrence of a Registration Default the Corporation will notify the holder of the shares of Class A Preferred Stock of such Registration Default. In the event of a Registration Default, the applicable Additional Dividend shall accrue and be cumulative with respect to each outstanding share of Class A Preferred Stock on the last day of any respective Additional Dividend Period. Any accrued Additional Dividends shall be payable at each Dividend Payment Date in the same manner as set forth in subparagraph (2) above. Upon the cure of all Registration Defaults, the accrual of Additional Dividends will cease unless and until a new Registration Default shall occur.
Within one Business Day following the receipt of a notice from the Canadian Agent that the then outstanding principal amount of Canadian Revolving Loans is in excess of 110% of the Cdn $ Equivalent of the then existing Canadian Revolving Loan Commitment Amount (based on a determination made by the Canadian Agent in accordance with its customary banking practice for determining currency exchange rates, which shall be conclusive and binding on the Borrowers absent manifest error), the Canadian Borrower shall make a repayment of the principal amount of the Canadian Revolving Loans to the Canadian Agent in the amount necessary to cause the outstanding principal amount of Canadian Revolving Loans to not exceed the Cdn $ Equivalent of the then existing Canadian Revolving Loan Commitment Amount. If immediate repayment is not possible because Canadian BAs have not matured, the Canadian Borrower shall immediately pledge cash to the Canadian Agent in the amount that would otherwise be payable, to be held as security until the amount of the excess is paid in full.
Within one Business Day after receipt of any Receivables or other payments due under the Timeshare Loans in the Centralized Lockbox Account, the Servicer shall determine and segregate such Receivables and other payments from any monies or other items in the Centralized Lockbox Account that do not relate to Receivables or other payments made on the Timeshare Loans, and within one Business Day thereafter the Servicer shall remit such Receivables and other payments to the Collection Account. The Servicer is not required to remit any Miscellaneous Payments or Processing Charges, to the extent received, to the Collection Account.
Within one Business Day after a Servicing Officer becomes aware of the occurrence of a Servicer Default, and each Unmatured Servicer Default, notification of such occurrence, as soon as possible and in any event (A) within three Business Days after a Servicing Officer becomes aware of the occurrence of a Servicer Default or Unmatured Servicer Default, the statement of the chief financial officer or chief accounting officer or other Servicing Officer setting forth details of such Servicer Default or Unmatured Servicer Default, and the action which the Servicer has taken and proposes to take with respect thereto, and (B) within three Business Days after a Servicing Officer becomes aware of the occurrence thereof, notice of any other event, development or information which is reasonably likely to materially and adversely affect the ability of the Servicer to perform its obligations under this Credit Agreement.
Within one Business Day of EU delivering to the Administrator an Exceptions Opinion, a Materiality Certificate, a Correction Notice or a Nonconsolidation Opinion following the giving of a Noncompliance Notice by the Administrator to the Bond Trustee pursuant to Section 11(a), the Administrator shall notify the Bond Trustee that the Noncompliance Notice is no longer in effect.
Within one Business Day after the occurrence of the Special Mandatory Redemption Trigger the Issuer will give notice of the Special Mandatory Redemption to each of the Holders and to the Trustee, stating, among other matters required pursuant to Section 3.03 hereof, that a Special Mandatory Redemption Trigger has occurred and that all of the Notes will be redeemed on the redemption date set forth in such notice (which shall be no later than three Business Days from the date such notice is given).
Within one Business Day of the execution of this Agreement, Buyer shall deposit by wire transfer (made in accordance with the wiring instructions set forth on Schedule 2.2(b) attached hereto) of immediately available funds, in escrow with Fidelity National Title Insurance Company, 50 Xxxxxxxxxx Xxxxxx, Xxxxx 0000, Xxx Xxxxxxxxx, Xxxxxxxxxx 00000 (Xxcrow Officer, Bill Xxxxx) (xhe "Escrow Agent" or "Title Company") a cash payment in the amount of One Million and no/100 Dollars ($1,000,000.00) (the "Initial Deposit").