transfer or assignment definition
transfer or assignment. , in relation to a mortgage, means the transfer or assignment of the mortgage by way of sale.
transfer or assignment as the Seller has prepared, in each case without recourse, as shall be necessary to vest in the Seller, or a designee, the Trustee's interest in any Mortgage Loan released pursuant hereto. The Trustee shall retain possession and custody of each Mortgage File in accordance with and subject to the terms and conditions set forth herein. The Seller shall promptly deliver to the Trustee, upon the execution or receipt thereof, the originals of such other documents or instruments constituting the Mortgage File that come into the possession of the Seller from time to time. It is understood and agreed that the obligation of the Seller to substitute for or to purchase any Mortgage Loan that does not meet the requirements of Section 2.01(i)-(vi) above shall constitute the sole remedy respecting such defect available to the Trustee, the Depositor, and any Certificateholder against the Seller.
transfer or assignment means the transfer or assignment of a license from the licensee to whom issued to a new licensee and does not mean the transfer of a license permitting the sale of alcoholic beverages in the premises designated in the license to other premises within the 1,000–foot limitation set forth in this subsection.