Statebridge definition
Examples of Statebridge in a sentence
The Seller shall have failed to deliver to Buyer (i) for execution, the RoundPoint Custodial Account Control Agreement and the Statebridge Custodial Account Control Agreement fully executed by all parties thereto other than Buyer by March 25, 2014 or (ii) an opinion of Seller’s, Trust Subsidiary’s, and Guarantor’s counsel regarding Buyer’s perfected security interest in each Servicer Custodial Account in form and substance reasonably acceptable to Buyer.
The Custodian shall hold assets for the account of the Fund (as identified as a sub-account by Statebridge in MTMSA entitled Statebridge Company LLC ITF Vertical Capital Income Fund (P&I), Acc.
However, the Fund does not waive any claim that may arise against Statebridge pursuant to the Servicing Agreement between Statebridge and the Fund.
If to Servicer, to Statebridge Company ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: CEO Email: ▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ If to Investor, to: Mail: Vertical Capital Income Fund c/o Gemini Fund Services, LLC ▇▇ ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: A.
Seller shall not cause the Purchased Assets, Trust Mortgage Loans and REO Properties to be serviced by any Servicer other than a Servicer expressly approved in writing by Buyer, which approval shall be deemed granted by Buyer with respect to Seller and Ocwen, Statebridge Company, LLC and Homeward Residential, Inc.
All cash, checks, drafts or other items of payment relating to or constituting payments made in respect of any or all of the Collateral shall be received by Statebridge, which shall, pursuant to the Servicing Agreement, remit such payments consisting solely of principal and interest payments received on any Real Estate Loan to be deposited into the Custodial Account on a monthly basis.
Accordingly, no client of Statebridge, the Fund or other third party shall have any rights under this Agreement and such rights are explicitly disclaimed by the parties.
This Agreement shall become effective when one or more counterparts have been signed and delivered by Statebridge, the Fund and the Custodian.
The Fund and Statebridge agree that such notices given by electronic mail shall be conclusively presumed to have been delivered and received by the Fund as of the date such electronic mail was sent by the Custodian, as recorded by the Custodian's systems.
Furthermore, to the extent that it appears impracticable given the circumstances to effect an orderly delivery of the necessary and appropriate records of CBC to a successor within the time specified in the notice of termination as aforesaid, CBC, Statebridge and the Fund agree that this Agreement shall remain in full force and effect for such reasonable period as may be required to complete necessary arrangements with a successor.