Bank Originator Program Documents; Annual Review TC Sample Clauses

Bank Originator Program Documents; Annual Review TC. Section 4.8. Bank Originator Program Documents; Annual Review" \f C \l "2" . (a) Borrowers shall promptly (or within five (5) Business Days of the end of each fiscal quarter of Regional in the case of clause (i) or (ii) below) notify Agent in writing of the occurrence of any of the following: (i) any amendment to any Bank Originator Program Document (to the extent such amendment did not require Agent approval pursuant to Section 8.22 hereof), (ii) the retention by the Borrowers or, to the knowledge of any Borrower, a Bank Originator pursuant to any Bank Originator Program Document, of any contractor or service provider to perform subservicing of the Contracts originated by such Bank Originator under such Bank Originator Program Documents, (iii) the breach of any material representation, warranty or covenant under any Bank Originator Program Document that triggers an “event of default” (or term comparable thereto) thereunder or a right of termination of such Bank Originator Program Document, together with a description of such breach, and (iv) the receipt or delivery of a termination notice with respect to the Bank Originator Program or any Bank Originator Program Document. (b) The Borrowers shall engage outside legal counsel at its own cost and expense to conduct an annual review of each Bank Originator’s loan origination program and to assess compliance of each of the Bank Originators and the Borrowers with such loan origination program with regulatory and other legal requirements. The review for each fiscal year shall be delivered to the Agent and each Lender by September 30th of each calendar year commencing the year after the satisfaction of the Bank Originator Conditions.
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Related to Bank Originator Program Documents; Annual Review TC

  • WHEREAS the Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); and

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.

  • NOW, THEREFORE the parties hereto agree as follows: