Examples of 2021-1A SUBI Supplement in a sentence
SALE AND SERVICING AGREEMENT (RMIT 2021-1) - Schedule III - 3 Schedule IV Loan Level Representations, Warranties and Covenants With respect to any Loan that is sold by the Seller to the Depositor (or in the case of the 2021-1A SUBI Loans, allocated to the 2021-1A SUBI by the Servicer in accordance with the 2021-1A SUBI Supplement) the following representations and warranties are made as of the Closing Date and on each Addition Date as applicable: 1.
Upon the satisfaction and discharge of this Indenture and the application of all such monies, the Indenture Trustee shall, and is hereby authorized and directed to, execute and deliver to the North Carolina Trustees notice to the effect that all 2021-1A SUBI Assets have been liquidated into cash and all of such cash has been distributed in accordance with the Indenture together with the 2021-1A SUBI Supplement.
Upon obtaining actual knowledge of, or receipt of written notice by, a Responsible Officer of the Indenture Trustee of any breach of any representation or warranty contained in Section 11.2(d) of the 2021-1A SUBI Supplement by the 2021-1A SUBI Servicer with respect to any Loan allocated to the 2021-1A SUBI at the time such representations and warranties were made, the Indenture Trustee shall give prompt written notice thereof to the North Carolina Trust, the 2021-1A SUBI Servicer and the Issuer.
The Depositor, each Subservicer (with respect to the Loans being subserviced by it) and the Servicer shall indicate generally in their computer files or other records that the Loans have been conveyed to the Issuer pursuant to the terms of this Agreement and the 2021-1A SUBI Supplement.