Examples of Series 2016-MSRVF1 Notes in a sentence
If the Note Balance of the Series 2016-MSRVF1 Notes were included in the denominator, the resulting percentage of the seller’s interest would be lower but still in excess of the required 5%.
As the Series 2016-MSRVF1 Notes have not been issued and are held by PLS and financed by CSFB, the Note Balance of the Series 2016-MSRVF1 Notes is not included in the denominator of the calculation that produced the percentage described above in accordance with Regulation RR.
For example, the cost of a new item of PP&E could be adjusted by the equivalent of accumulated depreciation based on the remaining useful life compared to the original useful life to arrive at replacement cost.
It is further understood that the foregoing provisions of this Section 13 shall not limit the right of any Person to name the Issuer as a party defendant in any proceeding or in the exercise of any other remedy under the Series 2016-MSRVF1 Notes or this Indenture Supplement, so long as no judgment in the nature of a deficiency judgment or seeking personal liability shall be asked for or (if obtained) enforced against any such Person or entity.
The Indenture Trustee shall hold the Trust Estate as collateral security for the benefit of the Noteholders of the Series 2016-MSRVF1 Notes and all other Series of Notes issued under the Base Indenture as described therein.
The Issuer may, at any time, upon at least five (5) Business Days’ prior written notice to the Administrative Agent, redeem in whole or in part, and/or terminate and cause retirement of the Series 2016-MSRVF1 Notes (such Notes, the “Redeemable Notes”).
No recourse shall be had for the payment of any amount owing in respect of the Series 2016-MSRVF1 Notes or this Indenture Supplement or for any action or inaction of the Issuer against any officer, director, employee, shareholder, stockholder or incorporator of the Issuer or any of their successors or assigns for any amounts payable under the Series 2016-MSRVF1 Notes or this Indenture Supplement.
None of the Series 2016-MSRVF1 Notes shall be issued as Regulation S Notes nor shall any Series 2016-MSRVF1 Notes be sold in offshore transactions in reliance on Regulation S.
It is understood that the foregoing provisions of this Section 13 shall not (a) prevent recourse to the Trust Estate for the sums due or to become due under any security, instrument or agreement which is part of the Trust Estate, including, without limitation, the PC Guaranty and the PMT Guaranty or (b) save as specifically provided therein, constitute a waiver, release or discharge of any indebtedness or obligation evidenced by the Series 2016-MSRVF1 Notes or secured by this Indenture Supplement.
The Issuer hereby represents and warrants to the Noteholders of the Series 2016-MSRVF1 Notes and the Indenture Trustee that, as of the related Issuance Date, each of the conditions precedent set forth in the Base Indenture, to the issuance of the Series 2016-MSRVF1 Notes have been satisfied or waived in accordance with the terms thereof.