Successor Purchaser definition

Successor Purchaser means any Person designated as the Successor Servicer pursuant to this Agreement and any and all Persons who previously were Successor Servicers pursuant to this Agreement. The Seller immediately shall notify the Purchaser if a claim is made by a third party with respect to this Agreement or any Reconstitution Agreement or the Mortgage Loans, assume (with the prior written consent of the Purchaser, which consent shall not be unreasonably withheld) the defense of any such claim and pay all expenses in connection therewith, including counsel fees, and promptly pay, discharge and satisfy any judgment or decree which may be entered against it or the Purchaser in respect of such claim. The Purchaser promptly shall reimburse the Seller for all amounts advanced by it pursuant to the preceding sentence, except when the claim is in any way related to the Seller's indemnification pursuant to Section 9, or is in any way related to the failure of the Seller to service and administer the Mortgage Loans in strict compliance with the terms of this Agreement or any Reconstitution Agreement.
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Successor Purchaser shall have the meaning given to such term in Section 4.3(a)(iv).
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Successor Purchaser shall have the meaning given to such term in SECTION 4.3(a)(iv).
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Examples of Successor Purchaser in a sentence

  • Upon the recordation of such assignment in the Registry, the Developer shall be released from the obligations assigned by Developer to such Successor Purchaser or Association.

  • PMG shall cause the Successor Purchaser to pay Physician the Stock Purchase Price.

  • Purchaser hereby grants, assigns, transfers and conveys to Successor Purchaser its entire right, title and interest in, to and under the Transfer Agreement.

  • Successor Purchaser further agrees to indemnify, defend and hold harmless Purchaser against and from any loss, liability or expense arising from Successor Purchaser's failure to perform such obligations on and after the date hereof.

  • Successor Purchaser and Successor Servicer hereby agree to provide written notice of the foregoing addresses to the Trustee, the Successor Trustee, the Issuer and the Successor Issuer.

  • Successor Purchaser hereby accepts the foregoing assignment and hereby assumes and agrees to perform all of the obligations of the Purchaser under the Transfer Agreement.

  • Purchaser and Servicer desire to amend certain provisions of the Transfer Agreement simultaneously with Successor Servicer and Successor Purchaser entering into such agreements of assumption.

  • Prior to Purchaser conveying a portion of the Real Property for non-residential use to a Successor, Purchaser, or its Successors, shall purchase from Seller Impact Fee Credits equal to the dollar value of impact fees for such non-residential use(s) set forth in the then-required St. ▇▇▇▇▇ County impact fee schedule for the applicable use, if such use is known at the time of the conveyance to such Successor.

  • If the initial Purchaser Representative resigns or is dissolved without first appointing a replacement, or if no Qualified Successor Purchaser Representative is willing to serve in such capacity, all rights and obligations of the Purchaser Representative under this Agreement and any Ancillary Document shall automatically and immediately expire.

  • Tenant hereby agrees, in the event of Lender's foreclosure of the Mortgage, to continue to pay rent and perform Tenant's other obligations under the Lease, and to attorn to and recognize Lender, or any other purchaser at foreclosure sale or from Lender (collectively "Successor Purchaser"), as the successor to Landlord under the Lease.


More Definitions of Successor Purchaser

Successor Purchaser has the meaning given in Section 20(a).
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Successor Purchaser means any person who purchases the Property or any portion thereof from the PURCHASER.
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