JPM Chase definition
Examples of JPM Chase in a sentence
Interest shall accrue and be payable at the lesser of: 1) the highest legally permissible rate allowed by the State of Texas, or 2) the Prime or Base lending rate established by the JPM Chase Bank, N.A., New York.
References herein to Control Agent are limited to JPMorgan Chase Bank, N.A., as Receivables Administrative Agent, and its successors that become the Receivables Administrative Agent, acting as control agent under the Control Agreements and shall not be imputed to JPM Chase Bank, N.A. in other capacities.
The Mortgage Loan Documents shall be held by the Seller’s Custodian, JPM Chase Bank, and released to the Purchaser or its designee, JPMorgan Chase Bank, upon completion of all closing provisions, in accordance with section 12.07.
Each Purchaser hereby designates and appoints JPM Chase to act as its agent hereunder and under each other Transaction Document, and authorizes the Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to the Agent by the terms of this Agreement and the other Transaction Documents together with such powers as are reasonably incidental thereto.
Safe You are directed to keep all of the enclosed Loan Papers in a fire-resistant vault and safe from loss, theft and other casualty and you will bear any losses, costs or expenses the Mortgage Company and JPM Chase may incur as a result of any such event.
Repurchased and Transferred to You by Mortgage Company Pursuant to the Repurchase Agreement, the Mortgage Company has sold the Loans to JPM Chase, and JPM Chase owns and holds the Loan Papers, the Loans they evidence and all related security, collateral support and other rights.
JPM Chase shall be the Issuing Lender on all Letters of Credit issued after the Closing Date.
Without limiting the generality of this Section 13.13, each Purchaser hereby acknowledges and consents to any and all JPM Chase Roles and agrees that in connection with any JPM Chase Role, JPM Chase may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for the Bank One Company.
Payment of the Pay-off Price to JPM Chase will effect the Mortgage Company’s repurchase of the Loans from JPM Chase under the Repurchase Agreement and their transfer by the Mortgage Company to you under the Purchase Agreement.
Except as provided in this clause (b) above, the Agent, JPM Chase, as a Purchaser, and the other Purchasers shall maintain and shall cause each of its employees and officers to maintain the confidentiality of any confidential or proprietary information with respect to the Seller Parties obtained by it or them in connection with the structuring, negotiating and execution of the transactions contemplated herein.