WVRI definition
Examples of WVRI in a sentence
Under the terms of the WVRI Purchase Agreement and the Indenture, WCF as a Seller of Loans is not required to record collateral Assignments of Mortgages in the state of Florida so long as certain conditions set forth in the Indenture are satisfied.
Wyndham Worldwide guarantees that the Obligations will be performed strictly in accordance with the terms of the WVRI Purchase Agreement, the WRDC Purchase Agreement and the Indenture regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms; provided, however, nothing herein shall be construed to require Wyndham Worldwide to act in violation of any law, regulation or order.
Wyndham Worldwide hereby guarantees to the Depositor, the Issuer, the Trustee and the Collateral Agent on behalf of all holders of Notes and the Insurer the full and punctual payment and performance of all of WCF’s Seller Obligations under the WVRI Purchase Agreement and all of WRDC’s and WCF’s Seller Obligations under the WRDC Purchase Agreement, as such obligations relate to the Pledged Loans and the Pledged Assets.
Each of WVRI, the other Originators and the Seller acknowledges that the Purchaser will convey the Series 2002-1 Loans and the other related Transferred Assets to the Initial Issuer or an Additional Issuer and that the Initial Issuer or Additional Issuer will grant a security interest in the Series 2002-1 Loans and other related Transferred Assets to the Collateral Agent pursuant to the applicable Indenture and Servicing Agreement.
Each of WVRI and the Seller shall immediately notify the Company of the existence of any Lien arising through or under it on any Loan or other Transferred Asset.
No part of the proceeds of any of the notes issued by the Issuer has been used by the Seller, WVRI, WRDC, FMB, SDI, Eastern Resorts, BHV or any of the VB Subsidiaries for so purchasing or carrying margin stock or for any purpose that violates or would be inconsistent with the provisions of any of Regulations T, U or X of the Board of Governors of the Federal Reserve System.
Each such sale, transfer and assignment has been made or is being made pursuant to the terms of the Operating Agreement and one or more blanket assignments executed by such parties in favor of WVRI or the Seller, as applicable.
Each such sale, transfer and assignment has been made pursuant to the terms of the Operating Agreement and one or more blanket assignments executed by such parties in favor of WVRI or the Seller, as applicable.
The Company and its agents, representatives and assigns also shall have the right to discuss the Seller’s and WVRI’s affairs with the officers, employees and independent accountants of the Seller and WVRI and to verify under appropriate procedures the validity, amount, quality, quantity, value and condition of, or any other matter relating to, the Loans and other related Transferred Assets.
The obligation of the Seller to repurchase or substitute for any Defective Loan shall constitute the sole remedy against the Seller, WVRI or their Affiliates with respect to any breach of the representations and warranties set forth in Section 6(b) available hereunder to the Purchaser or its successors or assigns.