Third Party Purchaser definition
Examples of Third Party Purchaser in a sentence
Notwithstanding the preceding sentence, the applicable Master Servicer, absent actual knowledge to the contrary, may conclusively rely upon a representation of any Sub-Servicer that such Sub-Servicer is not a Risk Retention Affiliate of the Third Party Purchaser.
If at any time the applicable Master Servicer obtains actual knowledge that a Sub-Servicer it has entered into a Sub-Servicing Agreement with, is a servicer as contemplated by Item 1108(a)(2) and a Risk Retention Affiliate of the Third Party Purchaser, the applicable Master Servicer shall terminate such Sub-Servicer in accordance with the related Sub-Servicing Agreement.
Notwithstanding the two preceding sentences, or anything herein to the contrary, it is acknowledged that no Initial Sub-Servicer is a Risk Retention Affiliate of the Third Party Purchaser as of the Closing Date.
If a transfer (other than one by the Depositor to an Affiliate thereof or by the Initial Purchasers to the Third Party Purchaser) is to be made in reliance upon an exemption from the Securities Act, and under the applicable state securities laws, then the following subsections (a)-(d) shall apply.