MLMLI definition
Examples of MLMLI in a sentence
In connection with the appointment of any successor Master Servicer or the assumption of the duties of the Master Servicer, MLMLI or the Trustee may make such arrangements for the compensation of such successor master servicer out of payments on the Mortgage Loans as MLMLI or the Trustee and such successor master servicer shall agree.
No such resignation by the Master Servicer shall become effective until MLMLI or the Trustee or a successor to the Master Servicer reasonably satisfactory to the Trustee shall have assumed the responsibilities and obligations of the Master Servicer in accordance with Section 8.02 hereof.
This Agreement and all conditions and provisions hereof are intended to be for the sole and exclusive benefit of the Underwriters, the Company and MLMLI and their respective successors, and said controlling persons and officers and directors and their heirs and legal representatives, and for the benefit of no other person, firm or corporation.
MLMLI, a Delaware corporation, or any successor in interest and KKR, a Maryland corporation, or any successor in interest, as applicable.
The obligations of MLMLI in the case of the MLMLI Mortgage Loans or the Underlying Seller, KKR or KKR Financial, in the case of the KKR Mortgage Loans, (MLMLI, the Underlying Seller, KKR or KKR Financial are each referred to in this Section 2.03 only as a “Seller”) to substitute or repurchase, as applicable, a Mortgage Loan shall be the Trustee’s and the Certificateholders’ sole remedy for any breach thereof.
If the foregoing is in accordance with your understanding of our agreement, please sign and return to us a counterpart hereof, whereupon this letter and your acceptance shall represent a binding agreement among the Company, MLMLI and the several Underwriters.
This Agreement shall inure to the benefit of and be binding upon each of the Underwriters, the Company and MLMLI and their respective successors.
No such resignation by the Master Servicer shall become effective until MLMLI or the Trustee or a successor to the Master Servicer reasonably satisfactory to the Trustee and the NIMs Insurer shall have assumed the responsibilities and obligations of the Master Servicer in accordance with Section 7.02 hereof.
Nothing expressed or mentioned in this Agreement is intended or shall be construed to give any person, firm or corporation, other than the Underwriters, the Company and MLMLI and their respective successors and the controlling persons and officers and directors referred to in Sections 8 and 9 and their heirs and legal representatives, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision herein contained.
The Closing Date Deposit and the Additional MLMLI Deposit shall be delivered to the account specified by the Master Servicer or Trustee, as applicable, by wire transfer of immediately available funds.