Rep and Warranty Claims definition

Rep and Warranty Claims means any claims against JPMorgan concerning or relating to any alleged breaches of representations and warranties made in connection with the origination, sale and/or delivery of Mortgage Loans to the Trusts, including breaches of any obligation to notify or to cure any such alleged breaches of representations and warranties or to repurchase any Mortgage Loans.
Sample 1Sample 2Sample 3

Examples of Rep and Warranty Claims in a sentence

  • In any event, this Settlement Agreement shall continue to be in effect with respect to the Rep and Warranty Claims (unless terminated pursuant to another Section of this Settlement Agreement).

  • The Institutional Investors and JPMorgan agree that upon the later of the Acceptance Date, Final Court Approval, or the date Final Court Approval becomes legally impossible, prior notices sent by the Institutional Investors to JPMorgan and/or any of the Accepting Trustees with respect to Rep and Warranty Claims and/or Servicing Claims shall be rendered null and void and will thereafter be rendered inoperative, as if they were never sent.

  • The scope of the Tolling Agreement is incorporated herein and shall continue to include all Rep and Warranty Claims and/or Servicing Claims for each of the Settlement Trusts, including the forbearance from asserting any such Rep and Warranty Claims and/or Servicing Claims by any Accepting Trustee.

  • The scope of such Tolling Agreement is incorporated herein and shall continue to include all Rep and Warranty Claims and/or Servicing Claims for each of the Settlement Trusts, including the forbearance from asserting any such Rep and Warranty Claims and/or Servicing Claims by any Accepting Trustee.

  • Notwithstanding the foregoing, Sellers shall not be liable for any claims, losses, expenses, damages or liabilities under clause (i), and the corresponding costs and expenses under clause (iv), of the preceding sentence ("Rep and Warranty Claims") until the amount thereof exceeds $112,500 ("Basket Amount") in the aggregate and then Sellers shall be liable for the entire excess.

  • This Agreement and the Restructuring are part of a proposed settlement among the Parties with respect to the Plan treatment of claims including the Rep and Warranty Claims.

  • Wells Fargo has no responsibility for the enforcement or settlement of the Rep and Warranty Claims against JPMorgan.

  • The Settlement Agreement and the Settlement Payments Under the Settlement Agreement, the term "Rep and Warranty Claims" means: [a]ny claims against any [Company D] Releasee concerning or relating to any alleged breaches of representations and warranties made in connection with the origination, sale, and/or delivery of Mortgage Loans to the Trusts, including breaches of any obligation to notify or to cure any such alleged breaches of representations and warranties or to repurchase any Mortgage Loan.

  • As separate trustee, Law Debenture is responsible for any enforcement obligations or settlement of the Rep and Warranty Claims related to the RMBS loans held in the WF/LD Trusts.

  • In the case of any other method of filing, upon receipt by the Department at the address provided in the notice of intent to assess a penalty.(j) Liability.

Related to Rep and Warranty Claims

  • Origination Rep and Warranty Settlement means any settlement relating to claims arising from breaches of origination/selling representations and warranties that Xxxxxx Xxx enters into with a loan seller or servicer in lieu of requiring such loan seller or servicer to repurchase a specified pool of mortgage loans that includes one or more Reference Obligations, whereby Xxxxxx Mae has received the agreed-upon settlement proceeds from such loan seller or servicer. For the avoidance of doubt, any settlement that Xxxxxx Xxx may enter into with a servicer in connection with a breach by such servicer of its servicing obligations to Xxxxxx Mae with respect to Reference Obligations will not be included in any Origination Rep and Warranty Settlement. Moreover, a Reference Obligation subject to an Origination Rep and Warranty Settlement that is not a Credit Event Reference Obligation may be subsequently repurchased by the related loan seller or servicer due to certain breaches of representations and warranties, such as a breach of a representation or warranty relating to fraud or property title. Any amounts collected by Xxxxxx Xxx due to such subsequent repurchases will be allocated to the applicable Reference Tranches as Unscheduled Principal.

  • Warranty Claim means any claim for breach of Warranty;

  • Fundamental Representations and Warranties means the representations and warranties contained in Sections 3.1, 3.2, 3.6, 4.1 and 4.3.

  • Buyer Losses shall have the meaning set forth in Section 8.2.

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Seller’s Warranties means the warranties given by the Seller pursuant to Clause 9 and Schedule 9, and “Seller’s Warranty” means any one of them;

  • Representations and Warranties The energy service under this Agreement will meet the applicable LDU’s standards and may be supplied from a variety of sources. Tomorrow Energy makes no representations or warranties other than those expressly set forth in this Agreement, and Tomorrow Energy expressly disclaims all other warranties, express or implied, including warranties of merchantability and fitness for a particular purpose.

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Tax Warranty means a representation or warranty in Sections 3.17 or 3.19.

  • Tax Warranties means the warranties set out in part 3 of schedule 8 (Tax)

  • Warranty Xxxx of Sale means the warranty (as to title) xxxx of sale covering the Aircraft executed by Manufacturer or an affiliate of Manufacturer in favor of Company and specifically referring to each Engine, as well as the Airframe, constituting a part of the Aircraft.

  • Manufacturer’s Warranty means the warranty supplied from time to time by the manufacturer of the Goods as at the date of the acceptance of the Statement of Work; “PPSA” means the Personal Property Securities Xxx 0000; “Price” means the amount specified within each Statement of Work (subject to any Variation) or as otherwise specified from the Company to the Customer representing the cost for the Works; “Related Work” means any additional building, carpentry, painting, plastering, plumbing or other work or other trades that the Customer requires, which are not to be carried out by the Company; “Services” means the services provided by the Company to the Customer as part of the Works, which may include without limitation the installation of Goods; “Services Delay Charge” means the services delay charge (if any) set out in the Statement of Work; “Services Interruption Event” means any interruption to a Works caused by; a Force Majeure Event, the Customer’s failure to carry out or perform any obligation required of it under this agreement which in the sole opinion of the Company does or may cause a delay in the Works and any other matter which in the reasonable opinion of the Company will cause an interruption or delay in the performance of the Works; “Statement of Work” means the details outlining the provision of the Works, which statement can be delivered verbally or in writing (including email) and may include (where applicable) an estimate or quotation (as specifically expressed as the case) of costs; “Variation” means a change in the Statement of Work including the specifications, scope, time of supply, price or scale of the Works and such variation shall form part of this agreement; “Workmanship” means a good and high quality and standard of delivery in connection with the Services performed; “Works” means the supply of Goods and the provision of Services to the Customer as per each Statement of Work;

  • Purchaser’s Warranties means the warranties and representations given by the Purchasers pursuant to Clause 5.2 and Schedule 2 and “Purchasers’ Warranty” means any one of them;

  • Purchaser Warranties shall have the meaning ascribed to the term in Clause 8.1;

  • Excluded Representations has the meaning set forth in Section 7.3(a).

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Limited Warranty means the limited warranties and your coverage provided by IKO for your Shingles as expressly set out in this document, and are the only warranties being provided by IKO.

  • Extended Warranty means an agreement for a specified duration to

  • Warranty means a warranty made solely by the manufacturer,

  • Product Warranty has the meaning set forth in Section 9.3.

  • Defects Liability Period (Warranty Period) means the period stated in the Schedule A Special Stipulations, following the taking over, during which the Contractor is responsible for making good defects and damage in accordance with Clause 15.

  • Company Representations means the representations and warranties of the Company expressly and specifically set forth in Article IV of this Agreement, as qualified by the Company Schedules. For the avoidance of doubt, the Company Representations are solely made by the Company.

  • Section 510(b) Claims means any Claim against a Debtor arising from rescission of a purchase or sale of an equity security of the Debtors or an Affiliate of the Debtors for damages arising from the purchase or sale of such an equity security or for reimbursement or contribution allowed under section 502 of the Bankruptcy Code on account of such a Claim.

  • Buyer Group has the meaning set forth in Section 15.1.

  • Responsible bidder or offeror means a person who at the time of Contract Award has the capability to perform the Contract requirements and the integrity and reliability which will assure good faith performance.

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.