MLMCI definition
Examples of MLMCI in a sentence
MLMCI shall, with respect to each Loan, deliver a confirmation statement substantially in the form attached hereto as Exhibit B (in each case, the "Confirmation Statement") to Assignor confirming the agreement between Assignor and MLMCI as to the specific terms of the Loan.
Assignor shall defend the Collateral against all such claims and demands of all persons, at all times, as are adverse to MLMCI.
Each such Confirmation Statement shall constitute a binding agreement between Assignor and MLMCI, and this Agreement is hereby incorporated in each such Confirmation Statement and made a part thereof as if it were set out in full in each such Confirmation Statement.
MLMCI shall incur no liability to Assignor for any act of government, act of God, or other destruction in whole or in part or negligence or wrongful act of custodians or agents selected by and supervised by MLMCI with reasonable care, or MLMCI's failure to provide adequate protection or insurance for the Collateral.
Delivery of Supplemental Collateral pursuant to this Section 5(c) shall be in such manner as is acceptable to, and under such additional conditions as may be required by, MLMCI in its sole reasonable judgment.
The consummation of the transactions contemplated hereby and by the other Loan Documents shall not contravene, violate or conflict with, nor involve MLMCI in a violation of, any requirement of law.
All other documents and legal matters in connection with the transactions contemplated by this Agreement and the other Loan Documents shall be reasonably satisfactory in form and substance to MLMCI and its counsel.
So long as MLMCI shall act in a commercially reasonable manner, Assignor hereby waives the defense of impairment of the Collateral.
MLMCI shall have no obligation to realize upon any Collateral, except through proper application of any distributions with respect to the Collateral made directly to MLMCI or its agent(s).
MLMCI shall have no obligation to take any action to preserve any rights in any of the Collateral against prior parties, and Assignor hereby agrees to take such action.