Examples of Original Purchase Agreement in a sentence
This Agreement constitutes the entire agreement and understanding with respect to the Mortgage Loans acquired under this Agreement and the Original Purchase Agreement relating to the subject matter hereof between the parties hereto and any prior oral or written agreements between them shall be deemed to have merged herewith.
At the present time, Purchaser and Seller desire to amend and restate the Original Purchase Agreement as amended and restated by the Amended and Restated Master Mortgage Loan Purchase Agreement dated as of March 1, 2000 and further amended and restated by the Second Amended and Restated Master Mortgage Loan Purchase Agreement dated as of February 1, 2004, to make certain modifications as set forth herein.
The Original Purchase Agreement as hereby supplemented and amended is hereby ratified and confirmed in all respects.
No waiver by the Original Purchasers under the Original Purchase Agreement, Series A Certificate of Designation or the Registration Rights Agreement is granted or intended except as expressly set forth herein, and the Original Purchasers expressly reserve the right to require strict compliance with the terms of each of the Original Purchase Agreement, the Amended Series A Certificate of Designation and the Amended and Restated Registration Rights Agreement in all respects.
Considered together, the pledge and exclusion of deposit accounts mean that the Collateral Agents do not have a security interest in the Deposit Accounts and Cash because such a security interest is not “automatically perfected or perfected by filings under the UniformCommercial Code.” Security interests in deposit accounts are perfected only by control of the accounts, which is often accomplished by having a Deposit Account Control Agreement (a “DACA”).