Examples of VG Funding Eligible Lender Trustee in a sentence
Notwithstanding the foregoing, the VG Funding Eligible Lender Trustee for the benefit of VG Funding agrees to individually endorse each Note in the form provided by Funding as Funding may from time to time require or if such individual endorsement is required by the Guarantor of the Note.
VG Funding shall provide all reasonable assistance necessary for Funding to resolve account problems raised by any Borrower, the Guarantor or the Secretary provided such account problems are attributable to or are alleged to be attributable to (a) an event occurring during the period VG Funding or the VG Funding Eligible Lender Trustee owned the related Purchased Loan, or (b) a payment made or alleged to have been made to VG Funding.
At the direction of and in such form as Funding may designate, VG Funding and the VG Funding Eligible Lender Trustee for the benefit of VG Funding also agree to individually endorse any Eligible Loan as Funding may request from time to time.
Upon receiving such notice of resignation, VG Funding shall promptly appoint a successor VG Funding Eligible Lender Trustee meeting the eligibility requirements of Section 8.1 by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning VG Funding Eligible Lender Trustee and one copy to the successor VG Funding Eligible Lender Trustee.
Any resignation or removal of the VG Funding Eligible Lender Trustee and appointment of a successor VG Funding Eligible Lender Trustee pursuant to any of the provisions of this Section shall not become effective until acceptance of appointment by the successor VG Funding Eligible Lender Trustee pursuant to Section 8.3 and payment of all fees and expenses owed to the outgoing VG Funding Eligible Lender Trustee.
In case at any time the VG Funding Eligible Lender Trustee shall cease to be eligible in accordance with the provisions of this Section, the VG Funding Eligible Lender Trustee shall resign immediately in the manner and with the effect specified in Section 8.2.
If VG Funding shall remove the VG Funding Eligible Lender Trustee under the authority of the immediately preceding sentence, VG Funding shall promptly appoint a successor VG Funding Eligible Lender Trustee by written instrument, in duplicate, one copy of which instrument shall be delivered to the outgoing VG Funding Eligible Lender Trustee so removed and one copy to the successor VG Funding Eligible Lender Trustee together with payment of all fees owed to the outgoing VG Funding Eligible Lender Trustee.
If at any time the VG Funding Eligible Lender Trustee shall cease to be or shall be likely to cease to be eligible in accordance with the provisions of Section 8.1 and shall fail to resign after written request therefor by VG Funding, then VG Funding may remove the VG Funding Eligible Lender Trustee.
The VG Funding Eligible Lender Trustee shall not take any action that is inconsistent with the purposes of the Trust set forth in the Basic Documents.
The VG Funding Eligible Lender Trustee shall not otherwise deal with the Interim Trust Loans except in accordance with the powers granted to and the authority conferred upon the VG Funding Eligible Lender Trustee pursuant to this Agreement and the VG Funding Purchase Agreement.