Examples of Advance Purchaser in a sentence
Advance Purchaser in its capacity as the Administrator on behalf of the Issuer and any successor to Advance Purchaser in such capacity.
Without limiting the generality of the foregoing, neither the Indenture Trustee, the Verification Agent or the Administrative Agent shall disclose information to any of its Affiliates or any of their respective directors, officers, employees and agents, that may provide any servicer advance financing to Nationstar, Advance Purchaser, the Depositor, the Issuer or any of their Affiliates, except in such Affiliate’s capacity as Noteholder.
On any MSR Transfer Date, Advance Purchaser shall deliver to the Indenture Trustee an MSR Transfer Notice signed by Nationstar and Advance Purchaser.
Prior to any such payment, Advance Purchaser shall be provided with commercially reasonable documentation of such costs and expenses.
Advance Purchaser, in its capacity as Servicer, shall be responsible for all Servicer Indemnified Losses arising with respect to any Servicing Agreement on and after the related MSR Transfer Date.
On the Effective Date, Advance Purchaser shall acquire the ownership of 100% of the equity interests in the Depositor from Nationstar, and Advance Purchaser shall assume the role of Administrator of the facility and under the Indenture from Nationstar.
Advance Purchaser shall be responsible for all Administrator Indemnified Losses arising on and after the Effective Date that are the obligation of the Administrator.
Until the MSR Transfer Date with respect to any Designated Servicing Agreement, Nationstar shall continue to be the “Servicer” and to make all required Advances under such Designated Servicing Agreement, and shall sell the related Nationstar Additional Advance Receivables to Advance Purchaser for cash purchase prices equal to 100% of their respective Receivable Balances, immediately upon their creation, pursuant to the Receivables Sale Agreement.
Yes [X] No [ ] Indicate by check mark if disclosure of delinquent filers in response to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10- K or any amendments to this Form 10-K.
For purposes of the Officer’s Certificate that will be delivered on March 31, 2014, Nationstar, in its capacity as Servicer and Receivables Seller, shall deliver such Officer’s Certificate covering the reporting period from January 1, 2013 through the Effective Date and Advance Purchaser, in its capacity as Servicer, shall deliver such Officer’s Certificate covering the reporting period from the Effective Date and thereafter.