Subsequent Sales definition
Examples of Subsequent Sales in a sentence
Saxon and Saxon Mortgage have caused this Subsequent Sales Agreement to be executed and delivered by their respective officers thereunto duly authorized as of the date above written.
Unless otherwise defined herein, capitalized terms used in this Subsequent Sales Agreement shall have the meanings assigned to them in the Sales Agreement, or if not assigned in the Sales Agreement, the Pooling and Servicing Agreement.
If any Security Instrument or assignment of a Security Instrument to the related Servicer, the Trustee, or the Custodian, as applicable, or any intervening assignment is in the process of being recorded on the applicable Subsequent Sales Date, Saxon shall cause each such original recorded document, or a certified copy thereof, to be delivered to the Custodian promptly following its recordation.
Saxon will deliver or cause to be delivered to each Servicer, on or before the applicable Subsequent Sales Date, a Servicer File with respect to each Mortgage Loan serviced by such Servicer.
In connection with any such sale, Saxon shall deliver, or cause to be delivered, to the Trustee or the Custodian on or before the applicable Subsequent Sales Date, a Trustee Mortgage Loan File with respect to each Mortgage Loan.
Unless otherwise defined herein, capitalized terms used in this Subsequent Sales Agreement shall have the meanings assigned to them in the Sales Agreement, or if not assigned in the Sales Agreement, the Sale and Servicing Agreement.
With respect to each Subsequent Sales Date, the Master Servicer shall determine the Overfunded Interest Amount.
Saxon and Saxon Funding have caused this Subsequent Sales Agreement to be executed and delivered by their respective officers thereunto duly authorized as of the date above written.
SEVERAL AND NOT JOINT OBLIGATIONS; SUBSEQUENT SALES 3 Section 2.1. Several and not Joint Obligations 3 Section 2.2. Guarantees 3 Section 2.3. Subsequent Sales 4 SECTION 3.
Nothing herein shall prohibit the Company from effecting the Subsequent Sales; provided, however, that such shares shall rank junior to the Series A Preferred Stock and the Series B Preferred Stock with respect to payment of dividends and liquidation rights, unless otherwise consented to by the holders of such shares of Preferred Stock as provided in the Certificates of Designation.