Examples of Pledged to the Agent in a sentence
Pledge, grant a security interest or assign any existing or future rights to service any of the Collateral or to be compensated for servicing any of the Collateral, or pledge or grant to any other Person any security interest in any Servicing Rights at any time Pledged to the Agent.
Attached is a Total Pledged MBS List listing all MBS currently Pledged to the Agent, including any being pledged concurrently with this Request for Borrowing.
The Companies may request Advances and may use proceeds of Advances only (a) to fund or acquire Eligible Single-family Collateral concurrently Pledged to the Agent and (b) to fund the Companies' working capital needs.
The parties hereby agree to (further) amend the Security Agreement -- Class R Certificate to substitute Certificate No. R-1 (the "2001-1 Certificate") representing 100% of Class R of the ABFS Mortgage Loan Trust 2001-1 Mortgage Pass-Through Certificates, Series 2001-1, for the 1998-2 Certificates and the 1999-2 Certificates which are currently Pledged to the Agent, and the Companies hereby agree to Pledge to the Agent, or to cause ABFS 2001-1, Inc.
The Company may use Advances proceeds (including Swing Line Advances proceeds) only for the stated purpose(s) for which they were requested and may request Advances only for the following purposes: - Subprime Single-family Warehouse Advances shall be used solely to fund or acquire Eligible Subprime Single-family Collateral concurrently Pledged to the Agent.
The Companies may request Borrowings and may use proceeds of Borrowings only (a) to fund or acquire Eligible Single-family Collateral concurrently Pledged to the Agent, (b) to fund Periodic Advances that produce Eligible Receivables Collateral, (c) to repurchase Repurchased Defaulted Mortgage Loans, (d) to finance Eligible REO Collateral and (e) to fund the Companies' working capital needs.
The Company may use Advances proceeds (including Swing Line Advances proceeds) only for the stated purpose(s) for which they were requested and may request Advances only for the following purposes: o Single-family Warehouse Advances shall be used solely to fund or acquire Eligible Mortgage Loans concurrently Pledged to the Agent.
Notwithstanding any other provision hereof to the contrary, the Agent shall treat Pledged Servicing with Xxxxxx Xxx or Xxxxxxx Mac as having zero Servicing Collateral Value from and after the thirtieth day such Servicing Collateral is Pledged to the Agent or until the date on which an Acknowledgment Agreement covering such Pledged Servicing has been executed and delivered by the Company, the Agent and Xxxxxx Mae or Xxxxxxx Mac, as applicable.
The sixth (6th) bullet point under this subhead is hereby amended to henceforth read as follows: - any T&I Receivable shall have been first Pledged to the Agent more than three hundred sixty (360) days before the date for which its Collateral Value is being determined.
The Company will not on any day own Repurchased Defaulted Mortgage Loans (including both those Pledged to the Agent and those not Pledged to the Agent) having aggregate outstanding principal balances of more than one percent (1%) of the sum of the aggregate outstanding principal balances of the Companies' aggregate portfolio of Serviced Loans.