Covenants of the Sponsor. The Sponsor agrees and covenants for the benefit of each Certificateholder, the Note Insurer and the Owner Trustee, during the term of this Agreement, and to the fullest extent permitted by applicable law, that:
Covenants of the Sponsor. The Sponsor covenants and agrees with each of the Underwriters that:
Covenants of the Sponsor. The Sponsor hereby covenants that:
Covenants of the Sponsor. For so long as the Trust Preferred Securities remain outstanding, the Sponsor shall:
Covenants of the Sponsor. The Sponsor hereby covenants as of the date hereof and as of the Closing Date that, except for the transfer hereunder, on and after the Closing Date, the Sponsor will not sell, pledge, assign or transfer to any other Person, or grant, create, incur or assume any Lien on, any Mortgage Loan, whether now existing or hereafter created, or any interest therein; the Sponsor will notify the Custodian and the Trustee of the existence of any such Lien on any Mortgage Loan immediately upon discovery thereof; the Sponsor will defend the right, title and interest of the Trustee, on its own behalf and as assignee of the Depositor, in, to and under the Mortgage Loans, whether now existing or hereafter created, against all claims of third parties claiming through or under the Sponsor. In the event that the Custodian or the Trustee receives actual notice of any Transfer Taxes arising out of the transfer, assignment and conveyance of the Mortgage Loans, on written demand by the Custodian, or upon the Sponsor’s otherwise being given notice thereof by the Custodian, the Sponsor shall pay any and all such Transfer Taxes (it being understood that the Holders of the Certificates, the Depositor, the Custodian and the Trustee shall have no obligation to pay such Transfer Taxes).
Covenants of the Sponsor. Section 3.1 Fxxxxxx Mac Closing Fee and Closing Expenses; Other Closing Costs and Initial Deposits 32 Section 3.2 Reimbursement of Credit Advances 32 Section 3.3 Scheduled Payments and Deposits 32 Section 3.4 Reimbursement of Liquidity Advances 33 Section 3.5 Payment of Costs, Fees and Expenses 33 Section 3.6 Application and Timing of Payments 35 Section 3.7 [Reserved] 36 Section 3.8 Payment of Prepayment/Substitution Premium 36 Section 3.9 Substitution of Credit Enhancement or Liquidity Facility 37 Section 3.10 Additional Provisions Regarding Prepayment/Substitution Premium 37 Section 3.11 Remarketing Agent for the Class A Certificates 37 Section 3.12 Indemnification 37 Section 3.13 Fxxxxxx Mac Not Liable 38 Section 3.14 Pledged Class A Certificates and Class B Certificates 39 Section 3.15 Other Covenants of Sponsor 39 Section 3.16 Liability of the Sponsor 40 Section 3.17 Waivers and Consents 41 Section 3.18 Subrogation 41 Section 3.19 Substitution 41 Section 3.20 Release Event Upon Sale of Pre-Selected Mortgaged Property 44 Section 3.21 Optional Series Pool Release Date 45 Section 3.22 Rights of Sponsor Upon Fxxxxxx Mac Downgrade 45
Covenants of the Sponsor. The Sponsor covenants that, so long as the Trust holds the Asset LLC Interest:
Covenants of the Sponsor. The Sponsor covenants and agrees with the Underwriter that:
Covenants of the Sponsor. The Sponsor covenants and agrees with the Dealer Manager that:
Covenants of the Sponsor. (a) The Sponsor will notify the Selling Agent immediately and confirm such notification in writing of the issuance by the SEC or any other federal or state regulatory body of any order or decree enjoining the offering or the use of the then current Disclosure Document or of the institution, or notice of the intended institution, of any action or proceeding for that purpose.
