Bank Assignment Agreement definition
Examples of Bank Assignment Agreement in a sentence
Accrued interest on that part of the predecessor Note evidenced by the new Note, and accrued fees, shall be paid as provided in the Bank Assignment Agreement.
All notices and other communications provided to any party hereto under this Agreement or any other Loan Document shall be in writing or by facsimile and addressed, delivered or transmitted to such party at its address or facsimile number set forth below its signature hereto or set forth in the Bank Assignment Agreement or at such other address or facsimile number as may be designated by such party in a notice to the other parties.
Such assignor Bank or such Assignee Bank must also pay a processing fee to the Administrative Agent upon delivery of any Bank Assignment Agreement in the amount of $3,500, it being understood that the Borrower shall not be obligated to reimburse such assignor Bank or Assignee Bank for such processing fee.
The representations and warranties of each Servicer or North Fork Bank with respect to the applicable Mortgage Loans in the related Servicing Agreement or related North Fork Assignment Agreement, which have been assigned to the Trustee hereunder, were made as of the date specified in such Servicing Agreement or North Fork Bank Assignment Agreement, as the case may be.
If the Trustee receives written notice from the Depositor, the Master Servicer or the Securities Administrator of a breach of any representation or warranty of a related Servicer, North Fork Bank or the Sponsor, the Trustee, on behalf of the Trust, shall enforce the rights of the Trust under the applicable Servicing Agreement, the North Fork Bank Assignment Agreement, the Mortgage Loan Purchase Agreement and this Agreement for the benefit of the Certificateholders.