Examples of BCHI in a sentence
The Mortgage Loan Seller and BCHI hereby acknowledge that BCHI, as owner of an indirect interest in the Mortgage Loan Seller, will benefit from the transactions contemplated by this Agreement and that the Purchaser is not willing to enter into this Agreement or the transactions contemplated hereby in the absence of the agreement of the Mortgage Loan Seller and BCHI set forth in this Agreement.
Additionally, BCHI agrees that the Purchaser shall not be bound or obligated in any way to exhaust recourse against the Mortgage Loan Seller before being entitled to demand the performance by BCHI of the Mortgage Loan Seller’s obligations under Section 5 of this Agreement.
Performance by BCHI of any of the Mortgage Loan Seller’s obligations under Section 5 of this Agreement shall be deemed to be performance thereof by the Mortgage Loan Seller and performance by the Mortgage Loan Seller of its obligations under Section 5 of this Agreement shall be deemed to be performance thereof by BCHI.
BCHI further agrees that the Purchaser shall not be bound or obligated to initially request the Mortgage Loan Seller to perform any of its obligations under Section 5 of this Agreement, but may instead initially request BCHI to perform such obligations.
All representations, warranties and agreements contained in this Agreement, incorporated herein by reference or contained in the certificates of officers of the Mortgage Loan Seller and BCHI delivered pursuant hereto, shall remain operative and in full force and effect and shall survive delivery of the Mortgage Loans by the Mortgage Loan Seller to the Purchaser and by the Purchaser to the Trust, notwithstanding any restrictive or qualified endorsement or assignment in respect of any Mortgage Loan.
The Mortgage Loan Seller, BCHI and the Purchaser each agrees to execute and deliver such instruments and take such further actions as any other party hereto may, from time to time, reasonably request in order to effectuate the purposes and to carry out the terms of this Agreement.
Subject to the foregoing, this Agreement shall bind and inure to the benefit of and be enforceable by the Mortgage Loan Seller, BCHI and the Purchaser, and their respective successors and permitted assigns.
BCHI hereby makes, as of the date hereof (and, in connection with any replacement of a Defective Loan with one or more Qualified Substitute Mortgage Loans, pursuant to Section 5(a) hereof, as of the related date of substitution), to and for the benefit of the Purchaser, each of the representations and warranties set forth in Exhibit B-3.
The Purchaser hereby makes, as of the date hereof, to and for the benefit of the Mortgage Loan Seller and BCHI, each of the representations and warranties set forth in Exhibit B-2.
ABH wholly owns BI which in turn, wholly owns BCHI which, in turn, indirectly owns BCFPI which carries on the main Canadian operations of BI.