Examples of Participation A-1 Holder in a sentence
A-1 by the Participation A-2 Holder; Purchase of Participation A-2 by the Participation A-1 Holder.
In addition to the foregoing, a Defaulting Future Funding Lender shall have no rights whatsoever under Section 18, whether in respect of consultation with Participation A-1 Holder or to approve or consent to a Unanimous Decision or otherwise.
Any such transferee must assume in writing the obligations of the Participation A-1 Holder or Participation A-2 Holder, as the case may be (the “Transferring Holder”) hereunder and agree to be bound by the terms and provisions hereof.
If Participation A-1 Holder has delegated its duties and obligations hereunder in respect of servicing and administering the Mortgage Loan to Midland or another Agent, then such Agent shall receive a fee or other compensation pursuant to its servicing or other agreement with Participation A-1 Holder, which fee or other compensation shall be paid by Mortgage Loan Borrower, except as otherwise provided herein.
The obligations of the Participation A-1 Holder, the Participation A-2 Holder, the Participation IO A-1 Holder and the Participation IO A-2 Holder under this Section 6 constitute absolute, unconditional and continuing obligations and any such Agent shall be deemed a third party beneficiary of these provisions.
The originals of all of the Mortgage Loan Documents will be held by the Participation A-1 Holder on behalf of all of the Holders.
Unless the Participation A-1 Holder and the Participation A-2 Holder agree otherwise, the REO Property shall be operated, maintained, managed and disposed of as provided in this Section 30.
The Participation A-1 Holder represents and warrants that the execution, delivery and performance of this Agreement is within its corporate powers, has been duly authorized by all necessary corporate action, and does not contravene the Participation A-1 Holder’s charter or any law or contractual restriction binding upon the Participation A-1 Holder, and that this Agreement is the legal, valid and binding obligation of the Participation A-1 Holder enforceable against it in accordance with its terms.
Each of the Participation A-1 Holder, the Participation A-2 Holder, the Participation IO A-1 Holder or the Participation IO A-2 Holder, agrees that if at any time it shall receive from any sources whatsoever any payment on account of the Mortgage Loan in excess of its distributable share thereof, it will promptly remit such excess to the Agent.