Examples of RECCo in a sentence
Recco hereby waives diligence, presentment, demand, protest and notice of any kind whatsoever.
Income and gain from such investments shall be taxable to Recco and shall be retained in the Collection Account and the Hedge Agreement Reserve Account.
Upon termination of this Agreement all authority and power granted to the Servicer under this Agreement shall pass to and be vested in Recco.
Furnish, or instruct the Servicer to deliver any reports required to be delivered by Recco or the Servicer pursuant to any Operative Document to which Recco or the Servicer is a party or which Recco or the Servicer has signed.
Permit the fiscal year of Recco to end on a day other than December 31st.
Recco is a special purpose corporation whose primary activities are restricted in its certificate of incorporation to purchasing Contracts from the Seller, entering into agreements for the servicing thereof, borrowing funds secured thereby and conducting such other activities as necessary or appropriate to carry out its primary activities.
Recco will perform and comply with all its obligations under the Purchased Contracts and all its other Contractual Obligations relating to the Collateral.
This Agreement is the legal, valid and binding obligation of Recco enforceable against Recco in accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforceability of creditors' rights generally and by general equitable principles (whether considered in a proceeding in equity or at law).
It is the intention of Recco and the Seller to conform strictly to applicable usury laws.
Except for the Seller, neither Recco nor any ERISA Affiliate of Recco has maintained any Plan which is subject to Title IV of ERISA.