MLMC definition
Examples of MLMC in a sentence
All scheduled payments of principal and interest due on or before the Cut-off Date but collected after the Cut-off Date, and recoveries of principal and interest collected on or before the Cut-off Date (only in respect of principal and interest on the MLMC Mortgage Loans due on or before the Cut-off Date), shall belong to, and be promptly remitted to, the Seller.
The Purchaser will assign to the Trustee, all of its right, title and interest in and to the MLMC Mortgage Loans.
The consideration received by the Seller upon the sale of the MLMC Mortgage Loans to the Purchaser will constitute reasonably equivalent value and fair consideration for the MLMC Mortgage Loans.
The Seller will be solvent at all relevant times prior to, and will not be rendered insolvent by, the sale of the MLMC Mortgage Loans to the Purchaser.
Both parties agree to use their best efforts to perform their respective obligations hereunder in a manner that will enable the Purchaser to purchase the MLMC Mortgage Loans on the Closing Date.
The Seller is not selling the MLMC Mortgage Loans to the Purchaser with any intent to hinder, delay or defraud any of the creditors of the Seller.
The Purchaser has the full corporate power and authority and legal right to acquire the MLMC Mortgage Loans from the Seller and to transfer the MLMC Mortgage Loans to the Trustee.
All representations, warranties and agreements contained in this Agreement, incorporated herein by reference or contained in the certificates of officers of the Seller submitted pursuant hereto, shall remain operative and in full force and effect and shall survive delivery of the MLMC Mortgage Loans by the Seller to the Purchaser (and by the Purchaser to the Trustee).
The arbitration hearing shall be conducted in alternating locations of the home offices of TVA and Choctaw and MLMC or such other location as may be agreed to by the Parties, provided if no other location is mutually agreeable, the arbitration hearing shall commence with TVA's office in Knoxville, Tennessee and shall begin within sixty (60) days of submittal of the answer, unless the Parties agree otherwise.
MLMC, TVA and Choctaw waive any right they may have to trial by jury in connection with proceedings or counterclaims brought by MLMC, TVA or Choctaw to enforce or appeal an arbitration award rendered under this Article 2.