Assignment and Delivery of Loan Documents Clause Samples

Assignment and Delivery of Loan Documents. (a) On or prior to the Closing Date, the Seller shall deliver to the Buyer the following documents or instruments with respect to each Mortgage Loan conveyed to the Buyer: (i) The original Mortgage Note, endorsed "Pay to the order of Pacific Crest Investment and Loan" and signed in the name of the Seller by an Officer; (ii) The original Mortgage, with evidence of recording thereon; (iii) The original Assignment of Mortgage from the Seller to the Buyer that shall be in the form acceptable to the Buyer, for recordation by the Buyer; (iv) Mortgage Loan application, title report, credit reconciliation worksheet, credit investigation receipts and approval sheet; (v) Originals of all assumption and modification agreements, if any; (vi) An original or certified copies of all insurance policies relating to a Mortgage Loan naming the Seller as an insured and all endorsements thereto or binders therefor; (vii) Originals or certified copies of all assignment of rents or lessor's interest in leases; (viii) Originals or certified copies of all rent rolls, leases or rental agreements, estoppel certificates or non-disturbance, attornment or subordination agreements; (ix) UCC financing statements with evidence of recording indicated thereon and the assignments thereof (that shall be in the form acceptable to the Buyer) naming the Buyer as the secured party; and (x) All other documents and materials contained in the Mortgage Documents. The endorsements required pursuant to Subsection 4.02(a)(i) and the assignments required pursuant to Subsection 4.02(a)(iii) shall be stated to be "without recourse." It is understood, however, that notwithstanding that such endorsements and assignments or any other Mortgage Documents are stated to be without recourse, the Mortgage Loans are sold subject to the terms (b) The Seller shall, within five Business Days after the receipt thereof, and in any event, within 30 days or immediately upon receipt from the county recorder's office of the jurisdiction thereof following the Closing Date, deliver or cause to be delivered to the Buyer any additional original Mortgage Documents. (c) All recording required pursuant to this Section 4.02 shall be accomplished at the expense of the Seller.
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Assignment and Delivery of Loan Documents 
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Related to Assignment and Delivery of Loan Documents

  • Delivery of Loan Documents Borrower shall have delivered the following documents (and, as applicable, duly executed and dated the Closing Date or an earlier date satisfactory to Agent):

  • Execution and Delivery of Guaranty The execution by each Guarantor of the Indenture (or a supplemental indenture in the form of Exhibit B) evidences the Note Guaranty of such Guarantor, whether or not the person signing as an officer of the Guarantor still holds that office at the time of authentication of any Note. The delivery of any Note by the Trustee after authentication constitutes due delivery of the Note Guaranty set forth in the Indenture on behalf of each Guarantor.

  • Execution of Loan Documents Unless the Administrative Agent otherwise specifies with respect to any Loan Document, (a) this Agreement and any other Loan Document may be executed in any number of counterparts and any party hereto or thereto may execute any counterpart, each of which when executed and delivered will be deemed to be an original and all of which counterparts of this Agreement or any other Loan Document, as the case may be, when taken together will be deemed to be but one and the same instrument and (b) execution of any such counterpart may be evidenced by a telecopier transmission of the signature of such party. The execution of this Agreement or any other Loan Document by any party hereto or thereto will not become effective until counterparts hereof or thereof, as the case may be, have been executed by all the parties hereto or thereto.

  • APPOINTMENT AND DELIVERY OF DOCUMENTS (a) The Trust, on behalf of each Fund listed in Schedule A, hereby appoints GFS to provide administrative services for the Trust as described hereinafter, as administrator of the Trust for the period and on the terms set forth in this Agreement. GFS accepts such appointment and agrees to furnish the services herein set forth in return for the compensation as provided in Section 3 of this Agreement. (b) In connection therewith the Trust has delivered to GFS copies of: (i) the Trust's Agreement, Declaration of Trust and Bylaws (collectively, as amended from time to time, "Organizational Documents"); (ii) the Trust's Registration Statement on Form N-1A and all amendments thereto filed with the SEC pursuant to the Securities Act of 1933, as amended ("Securities Act"), and the 1940 Act ("Registration Statement"); (iii) the Trust’s notification of registration under the 1940 Act on Form N-8A as filed with the SEC; (iv) the Trust's current Prospectus and Statement of Additional Information for each Fund (collectively, as currently in effect and as amended or supplemented, the "Prospectus"); (v) the current plan of distribution adopted by the Trust under Rule 12b-1 under the 1940 Act ("Plan"); and (vi) procedures adopted by the Trust in accordance with Rule 17a-7 under the 1940 Act with respect to affiliated transactions. (c) The Trust shall promptly furnish GFS with all amendments of or supplements to the items listed in Section 1(b), and shall deliver to GFS a certified copy of the resolution of the Board of Trustees of the Trust ("Board") appointing GFS and authorizing the execution and delivery of this Agreement.

  • Assignment by Borrower The Borrower shall not assign or transfer any of its rights or obligations under any of the Loan Documents without the prior written consent of each of the Banks.