Compliance with Laws; Enforceability; Modification; Required Documents, Etc Clause Samples

This clause requires all parties to adhere to applicable laws and regulations, ensures that the agreement is legally valid and enforceable, and outlines procedures for modifying the contract or providing necessary documentation. In practice, it obligates each party to obtain any permits, approvals, or documents needed to fulfill their obligations and allows for amendments to the agreement if required by law or mutual consent. The core function of this clause is to maintain the legality and enforceability of the contract throughout its term, while providing a mechanism to adapt to legal changes or administrative requirements.
Compliance with Laws; Enforceability; Modification; Required Documents, Etc. Each Collateral Loan and the Collateral Loan Documents related thereto (1) was made and has been serviced, to its knowledge, in compliance, in all respects, with all requirements of applicable laws, rules and regulations (such as OFAC checks, red flag rules, privacy notifications, usury laws, and other disclosures), (2) is genuine, valid, duly authorized, properly executed and enforceable in accordance with the terms set forth therein, without defense or offset, (3) complies with the terms of this Agreement, and (4) with respect to each Collateral Loan, has been fully advanced in the respective face amounts thereof.
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Compliance with Laws; Enforceability; Modification; Required Documents, Etc. Each Collateral Loan and the Collateral Documents related thereto (i) has been made and serviced in compliance, in all respects, with all requirements of applicable laws, rules and regulations (such as OFAC checks, red flag rules, privacy notifications, usury laws, and GPS disclosures), (ii) is genuine, valid, duly authorized, properly executed and enforceable in accordance with the terms set forth therein, without defense or offset, (iii) has not been modified or amended and has not had any requirements thereof waived except for modifications in compliance with a material and substantial portion of the Guidelines, (iv) complies with the terms of this Agreement, and (v) such Collateral Loan has been fully advanced in the respective face amounts thereof.
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Compliance with Laws; Enforceability; Modification; Required Documents, Etc. Each such Pledged Mortgage and documents related thereto (a) has been made (or, in the case of a Wet Loan, will be made upon the funding of the related Wet Mortgage Loan) in compliance, in all respects, with all requirements of the Real Estate Settlement Procedures Act, the Equal Credit Opportunity Act, the Federal Truth-In-Lending Act and all other applicable Laws, (b) is (or, in the case of a Wet Loan, will be upon the funding of the related Wet Mortgage Loan) genuine, valid, duly authorized, properly executed, properly recorded (or duly delivered to the appropriate recording office for recordation) and enforceable in accordance with its terms, without defense or offset, (c) has not been modified or amended and has not had any requirements thereof waived except (i) for minor modifications in the ordinary course of the Borrower's business which do not in any event adversely affect the value or marketability of the relevant item of Collateral or (ii) with respect to Conforming Mortgage Loans, modifications or waivers which are required by FNMA or FHLMC, in connection with changes to FNMA's or FHLMC's rules, regulations or regulations, (d) complies with the terms of this Agreement, (e) has been (or, in the case of a Wet Loan, will be upon the funding of the related Wet Mortgage Loan) fully advanced in the respective face amounts thereof and (f) is (or, in the case of a Wet Loan, will be upon the funding of the related Wet Mortgage Loan) secured by a Mortgage which is a first or second Lien on the respective Single Family Residence described therein or a first lien on the Multifamily/Mixed Use Property described therein, as applicable. With respect to each such Pledged Mortgage, the Borrower has (or, in the case of a Wet Loan, will have upon the funding of the related Wet Mortgage Loan) in its possession all documents and instruments required to be possessed by the Borrower (x) under this Agreement, (y) under FNMA's or FHLMC's rules, regulations or guidelines, if applicable, and (z) under a Purchase Commitment, if any, other than those documents and instruments which are in the possession of the Custodian.
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Compliance with Laws; Enforceability; Modification; Required Documents, Etc. Each Consumer Loan and each Consumer Loan Document related thereto: (i) has been made and serviced in compliance, in all material respects, with the Underwriting Guidelines, Servicing Standards and all requirements of all Consumer Financial Services Laws; (ii) is genuine, valid, duly authorized, properly executed and enforceable in accordance with the terms set forth therein, without defense or offset an amount indisputably owed by the Consumer Obligor therein named, for a fixed sum as set forth in the Consumer Loan Note; (iii) has not been modified or amended and has not had any requirements thereof waived except as authorized by the Underwriting Guidelines and Servicing Standards; (iv) complies with the terms of this Agreement; (v) in the case of such Consumer Loan, it has been fully advanced in the face amount thereof; and (vi) all documents relating to a Consumer Loan shall be legally sufficient and compliant under all applicable Consumer Financial Services Laws and shall be legally enforceable in accordance with their terms except as limited by bankruptcy, insolvency or similar laws of general application relating to the enforcement of creditors’ rights and except to the extent specific remedies may generally be limited by equitable principles.
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Related to Compliance with Laws; Enforceability; Modification; Required Documents, Etc

  • Compliance with Laws, Other Instruments, Etc The execution, delivery and performance by the Company of this Agreement and the Notes will not (i) contravene, result in any breach of, or constitute a default under, or result in the creation of any Lien in respect of any property of the Company or any Subsidiary under, any indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease, corporate charter or by-laws, or any other agreement or instrument to which the Company or any Subsidiary is bound or by which the Company or any Subsidiary or any of their respective properties may be bound or affected, (ii) conflict with or result in a breach of any of the terms, conditions or provisions of any order, judgment, decree, or ruling of any court, arbitrator or Governmental Authority applicable to the Company or any Subsidiary or (iii) violate any provision of any statute or other rule or regulation of any Governmental Authority applicable to the Company or any Subsidiary.

  • Compliance with Other Instruments, Laws, Etc None of the Borrower, any Guarantor or any of their respective Subsidiaries is in violation of any provision of its charter or other organizational documents, bylaws, or any agreement or instrument to which it is subject or by which it or any of its properties is bound or any decree, order, judgment, statute, license, rule or regulation, in any of the foregoing cases in a manner that has had or could reasonably be expected to have a Material Adverse Effect.

  • Compliance with Laws, Etc Comply, and cause each of its Subsidiaries to comply with all applicable laws, rules, regulations and orders, such compliance to include, without limitation, compliance with ERISA and Environmental Laws, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

  • Compliance with Laws; Use The Premises shall be used for the Permitted Use and for no other use whatsoever. Tenant shall comply with all statutes, codes, ordinances, orders, rules and regulations of any municipal or governmental entity whether in effect now or later, including the Americans with Disabilities Act (“Law(s)”), regarding the operation of Tenant’s business and the use, condition, configuration and occupancy of the Premises. In addition, Tenant shall, at its sole cost and expense, promptly comply with any Laws that relate to the “Base Building” (defined below), but only to the extent such obligations are triggered by Tenant’s use of the Premises, other than for general office use, or Alterations or improvements in the Premises performed or requested by Tenant. “

  • Compliance with Laws and Documents Borrower will, and will cause each other Credit Party to, comply with all Laws, their respective certificates (or articles) of incorporation, bylaws, regulations and similar organizational documents and all Material Agreements to which any Credit Party is a party, if a violation, alone or when combined with all other such violations, could reasonably be expected to have a Material Adverse Effect.