UBS Entity definition
Examples of UBS Entity in a sentence
In connection with the foregoing (provided the conditions set forth in (i) through (v) above are satisfied, with respect to (i) through (iv), as certified by the UBS Entity, on which certification the Master Servicer can rely), the Master Servicer is hereby authorized and directed to execute amendments to the Mortgage Loan Documents and this Agreement on behalf of any or all of the Note Holders, as applicable, solely for the purpose of reflecting such reallocation of principal.
If the Lead Securitization Note Holder so requests, the UBS Entity holding the New Notes (and any subsequent holder of such Notes) shall execute a confirmation of the continuing applicability of this Agreement to the New Notes, as so modified.
Each UBS Entity acting in the capacity of a deposit bank, Securities Intermediary or commodities intermediary, agrees to follow the instructions and entitlement orders of every other UBS Entity with respect to the Property as a secured party without further consent by you.
Each UBS Entity shall act as agent for and on behalf of each UBS Entity for purposes of perfecting, maintaining and enforcing the security interests granted hereunder or by operation of law.
To the extent that the Owned Note is Note A-2, the UBS Entity shall be entitled to designate one of the New Notes to be treated as Note A-2 for purposes of the determining the Controlling Note Holder, Lead Securitization, Lead Securitization Note, Note A-2 PSA, Note A-2 Securitization and Note A-2 Securitization Date hereunder.
Each UBS Entity has the power and authority necessary to own or hold its respective properties, to enter into and perform its respective obligations under the Transaction Documents (as defined below) to which it is a party and to conduct the businesses in which it is engaged, as described in the Prospectus, except to the extent that the failure to do so would not have a Material Adverse Effect.
You hereby authorize and direct each UBS Entity to follow the instructions and entitlement orders of every other UBS Entity.
All such Property will be subject to such security interest as collateral for the discharge of your obligations to any UBS Entity, wherever or however arising and without regard to whether or not we made loans with respect to that Property.
Notwithstanding the provisions of this Section 10, no UBS Entity shall be required to contribute any amount in excess of the amount by which the total price at which the Directed Shares distributed to the public were offered to the public exceeds the amount of any damages that such UBS Entity has otherwise been required to pay.
The PBF Parties shall not, without the prior written consent of Barclays and UBS, effect any settlement of any pending or threatened proceeding in respect of which any UBS Entity is or could have been a party and indemnity could have been sought hereunder by such UBS Entity, unless such settlement includes an unconditional release of the UBS Entities from all liability on claims that are the subject matter of such proceeding.