Required Documents definition
Examples of Required Documents in a sentence
Upon request of the Purchaser, the Seller shall cooperate with the Purchaser to transfer any Electronic Loan Package and/or Required Documents to the Purchaser, its designated custodian or the E-Vault of the Purchaser.
To the extent the Seller retains any Required Documents with respect to a Transferred Loan, the Seller shall clearly mark its records to indicate the ownership interest of the Purchaser and shall hold such Required Documents (including, for the avoidance of doubt any Electronic Loan Package held or controlled by Seller prior to its transfer to the E-Vault of the Purchaser) as custodian for, and for the benefit of, the Purchaser.
On the servicing transfer date designated by Purchaser, Servicer shall (i) deliver to the successor servicer designated by Purchaser all Required Documents, Servicing Files and other documents and statements relating to the servicing of the Transferred Loans held or controlled by it hereunder, and (ii) transfer to such successor servicer all Collections and funds relating to the Transferred Loans then held by Servicer.
The information on the Loan Schedule correctly and accurately reflects the information contained in the Seller’s records (including, without limitation, the Required Documents) in all material respects.
Any Required Documents for the Loan that required an electronic signature from the related Obligor were signed with a digital or electronic signature that complied with Applicable Law, including, as applicable, the Electronic Signatures in Global and National Commerce Act or the Uniform Electronic Transaction Act.