Funding Co. definition
Examples of Funding Co. in a sentence
The Buyer shall permit Seller and its agents to inspect its books and records (upon reasonable notice and during reasonable times) in order to review the contracts assigned to Educational Funding Co.
The Borrowers will not permit SFC to own any assets (other than the Funding Co. Accounts (as such term is defined in the Monsanto Settlement Agreement) and the funds on deposit therein), incur any obligations (other than obligations under the Monsanto Settlement Agreement, obligations that are necessary to fulfill such obligations and obligations in connection with the maintenance of its existence) or take any actions in violation of the SFC Limited Liability Company Agreement.
Promptly upon receipt thereof, copies of all schedules, financial statements or other similar reports delivered to or by RBMG, the Servicer, the Company or Funding Co. pursuant to the terms of the Indenture or the Servicing Agreement and, promptly upon request, such other data as the Insurer may reasonably request.
RBMG, the Servicer, the Company and Funding Co. shall instruct the Indenture Trustee, upon redemption or payment of all of the Obligations pursuant to the Indenture or otherwise, to furnish to the Insurer a notice of such redemption and, upon a redemption or payment of all of the Obligations, to surrender the Policy to the Insurer for cancellation.
To the extent necessary to enforce any right of the Insurer in or remedy of the Insurer under any Mortgage Loan, the Indenture Trustee, the Depositor, RBMG, the Sub-Servicer, the Issuer, the Company, Funding Co., First Union and the Servicer agree to join in any action initiated by the Trust or the Insurer for the protection of such right or exercise of such remedy.
This Agreement shall automatically terminate in the event that the Asset Purchase Agreement, dated June 1, 1998, by and between the Company, AMRESCO Independence Funding Co., AMRESCO Commercial Lending Corp., IFC and Telecapital is terminated.
RBMG, the Servicer, the Company, Funding Co., the Depositor and the Indenture Trustee shall make all payments of Bond Insurer Premium to be made by them by wire transfer to an account designated from time to time by the Insurer by written notice to RBMG, the Servicer, the Company, Funding Co., the Depositor and the Indenture Trustee.
RBMG, the Servicer, the Company and Funding Co. shall furnish to the Insurer all information requested by it that is reasonably necessary to determine compliance with this subsection (a).
The general counsel of RBMG shall have issued its favorable opinion, in form and substance acceptable to the Insurer and its counsel, regarding the corporate existence and authority of Funding Co. and the Company and the validity and enforceability of the Transaction Documents against Funding Co. and the Company.
RBMG, the Servicer, the Company and Funding Co. have not and shall not use any adverse selection procedure in selecting Mortgage Loans to be transferred to the Indenture Trustee from the outstanding mortgage loans that qualify under the Indenture for inclusion in the Trust.