Ditech definition
Examples of Ditech in a sentence
Ditech hereby agrees that in addition to any costs otherwise required to be paid pursuant to the Transaction Documents, Ditech shall be responsible for the payments of the reasonable and documented legal fees and out-of-pocket expenses of legal counsel to the Administrative Agent, the Noteholders, the Owner Trustee and the Indenture Trustee incurred in connection with the consummation of this Amendment and all other documents executed or delivered in connection therewith.
The parties understand that Ditech will invest significant resources in building its business related to the exclusive use of the Services, which the parties anticipate will result in significant future revenue streams to Ditech, which if lost would result not only in lost revenue but also in the loss of the value of Ditech’s investment in the business.
Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Ditech Transaction Documents or the RMS Transaction Documents, as the context requires.
The Depositor shall comply with all laws, rules, regulations and orders of any governmental authority applicable to its operation, the noncompliance with which would reasonably be expected to have a material adverse effect on the financial condition, operations or the ability of Ditech, as receivables seller and servicer, the Depositor or the Issuer to perform their obligations hereunder or under any of the other Transaction Documents.
The parties understand that Ditech will invest significant resources in building its business related to the exclusive use of the Services, which the parties anticipate will result in significant future revenue streams to Ditech, which the parties believe would be lost if Simulscribe were to undergo a Change of Control of Simulscribe, which would result not only in lost revenue but also in the loss of the value of Ditech’s investment in the business.
Ditech Holding Corporation owns a 100% undivided beneficial ownership interest in Mid-State Trust X pursuant to a trust agreement dated as of October 31, 2001 as further amended and restated from time to time, between Mid-State Homes, Inc.
The Depositor acknowledges that the Indenture Trustee and the Noteholders are entering into the transactions contemplated by the Transaction Documents in reliance upon the Depositor’s and Issuer’s identity as a legal entity that is separate from Ditech.
Therefore, from and after the date of execution and delivery of this Agreement, the Depositor will take all reasonable steps to maintain each of the Depositor’s and Issuer’s identity as a separate legal entity and to make it manifest to third parties that each of the Depositor and the Issuer is an entity with assets and liabilities distinct from those of Ditech.
Ditech is selling the Aggregate Receivables to the Depositor in furtherance of its ordinary business purposes, with no intent to hinder, delay or defraud any of its creditors.
Ditech has not authorized the filing of and is not aware of any financing statement filed against it, the Depositor or the Issuer covering the Aggregate Receivables and the related Transferred Assets other than those filed in connection with this Agreement and the other Transaction Documents and those that have been terminated on or prior to the date hereof or for which the lien with respect to the Receivables has been released.