Examples of Accepting Trustees in a sentence
The Accepting Trustees shall jointly retain the Expert to make any determinations and perform any calculations that are required in connection with the allocation of the Settlement Payment among the Settlement Trusts.
The Accepting Trustees shall use their reasonable best efforts to distribute the Settlement Payment to the Settlement Trusts as promptly as possible.
The Settlement Payment shall be allocated by the Accepting Trustees among the Settlement Trusts.
JPMorgan shall provide written notice to the Institutional Investors and any Accepting Trustees of the exercise of its right to terminate this Settlement Agreement in accordance with the terms thereof.
During the period of any Judicial Instruction Extension, the Accepting Trustees, JPMorgan, and the Institutional Investors shall each be obligated to use their reasonable best efforts to obtain Final Court Approval of the Settlement so long as there has been no material breach of this Settlement Agreement.
JPMorgan shall pay the reasonable and non- duplicative costs, fees, and expenses (“Evaluation Expenses”) the Trustees incur to evaluate the Settlement, the claims it resolves, and its terms, and JPMorgan shall also pay the reasonable fees of the Expert for calculating the Allocable Shares as set forth in Sections 3.01 and 3.05 and the reasonable fees of a law firm to be jointly retained by the Accepting Trustees for purposes of obtaining the REMIC rulings in accordance with Section 2.09.
For avoidance of doubt, for the purpose of this Section 3.05, (i) the calculations shall be performed without regard to whether the Trust is a Settlement Trust or Non-Settling Trust, (ii) JPMorgan shall bear no responsibility for making any determination or calculation set forth in this Section 3.05, and (iii) the Accepting Trustees may fully and conclusively rely on such Expert’s determinations and calculations without any obligation to independently re-verify the same.
The provisions of this Agreement shall not affect the rights and obligations of the Accepting Trustees under the applicable Governing Agreements, which shall equally apply to all of such Trustee’s rights and obligations under this Settlement Agreement.
To the extent that JPMorgan elects to pursue any third-parties, unaffiliated with JPMorgan, for recovery based on the Released Claims related to the origination and/or sale of Mortgage Loans securitized by the Bear Xxxxxxx Trusts, the Accepting Trustees agree to use commercially reasonable efforts to assist such pursuit to the extent they are required to do so under the Governing Agreements.
All references to “Trustee” or “Trustees” in this Subservicing Protocol shall be deemed to be references to the applicable Accepting Trustee or Accepting Trustees as defined in the Settlement Agreement.