Conveyance Repurchase Assets Security Interest Clause Samples

Conveyance Repurchase Assets Security Interest. 30 Section 4.01 Ownership 30 Section 4.02 Security Interest 30 Section 4.03 Further Documentation 32 Section 4.04 Changes in Locations, Name, etc. 32 Section 4.05 Performance by Buyer of Seller’s Obligations 33 Section 4.06 Proceeds 33 Section 4.07 Remedies 33 Section 4.08 Limitation on Duties Regarding Preservation of Repurchase Assets 34 Section 4.09 Powers Coupled with an Interest 34 Section 4.10 Release of Security Interest 34 Section 4.11 Reinstatement 34 Section 4.12 Subordination 34 ARTICLE V CONDITIONS PRECEDENT 35 Section 5.01 Initial Transaction 35 Section 5.02 All Transactions 36 Section 5.03 Closing Subject to Conditions Precedent 37 ARTICLE VI COVENANTS 40 Section 6.01 Litigation 40 Section 6.02 Prohibition of Fundamental Changes 40 Section 6.03 Sale of Assets 40 Section 6.04 Asset Schedule 40 Section 6.05 No Adverse Claims 40 Section 6.06 Assignment 41 Section 6.07 Security Interest 41 Section 6.08 Records 41 Section 6.09 Books 41 Section 6.10 Approvals 41 Section 6.11 Insurance 41 Section 6.12 Material Change in Business 42 Section 6.13 Distributions 42 Section 6.14 Existence; ▇▇▇▇▇▇ ▇▇▇ Approvals 42 Section 6.15 Change in Organizational Documents 42 Section 6.16 Chief Executive Office; Jurisdiction of Organization 43 Section 6.17 Taxes 43 Section 6.18 Transactions with Affiliates 43 Section 6.19 Guarantees 43 Section 6.20 Indebtedness 43 Section 6.21 True and Correct Information 43 Section 6.22 No Pledge 43 Section 6.23 Plan Assets 44 Section 6.24 Sharing of Information 44 Section 6.25 Modification of the Base Indenture and Series 2021-PIAVF1 Indenture Supplement 44 Section 6.26 Reporting Requirements 44 Section 6.27 [Reserved] 47 Section 6.28 Litigation Summary 47 Section 6.29 Material Change in Business 47 Section 6.30 Hedging 47 Section 6.31 ▇▇▇▇▇▇ ▇▇▇ Contract 48 Section 6.32 Trigger Event MSR Asset Sale 48 Section 6.33 Amendments.. 48
View SourceView Similar (3)
Conveyance Repurchase Assets Security Interest. Section 4. 01Ownership. Upon payment of the Purchase Price and delivery of the Note to Administrative Agent on behalf of the Buyers, Buyers shall become the sole owner of the Purchased Assets, free and clear of all liens and encumbrances.
View SourceView Similar (3)
Conveyance Repurchase Assets Security Interest. ​ 755105058 22720164
View Source
Conveyance Repurchase Assets Security Interest 
View SourceView Similar (41)

Related to Conveyance Repurchase Assets Security Interest

  • Conveyance of Mortgage Pool Assets; Security Interest Concurrently with the execution and delivery hereof, the Company does hereby irrevocably sell, transfer, assign, set over and otherwise convey to the Trust, without recourse, all the Company's right, title and interest in and to the Mortgage Pool Assets, including but not limited to all scheduled payments of principal and interest due after the Cut-Off Date and received by the Company with respect to the Mortgage Loans at any time, and all Principal Prepayments received by the Company after the Cut-Off Date with respect to the Mortgage Loans (such transfer and assignment by the Company to be referred to herein as the "Conveyance," and the assets so transferred and assigned to be referred to herein as the "Conveyed Assets"). It is the express intent of the parties hereto that the Conveyance of the Conveyed Assets to the Trust by the Company as provided in this Section 2.04 be, and be construed as, an absolute sale of the Conveyed Assets. It is, further, not the intention of the parties that such Conveyance be deemed the grant of a security interest in the Conveyed Assets by the Company to the Trust to secure a debt or other obligation of the Company. However, in the event that, notwithstanding the intent of the parties, the Conveyed Assets are held to be the property of the Company, or if for any other reason this Agreement is held or deemed to create a security interest in the Conveyed Assets, then (a) this Agreement shall be deemed to be a security agreement; (b) the Conveyance provided for in this Section 2.04 shall be deemed to be a grant by the Company to the Trust of, and the Company hereby grants to the Trust, to secure all of the Company's obligations hereunder, a security interest in all of the Company's right, title, and interest, whether now owned or hereafter acquired, in and to: (i) the Mortgage Loans identified on the Mortgage Loan Schedule, including the related Mortgage Notes, Mortgages, Cooperative Stock Certificates, Cooperative Leases, Security Agreements, Assignments of Proprietary Lease, and Recognition Agreements, all Substitute Mortgage Loans and all distributions with respect to the Mortgage Loans and Substitute Mortgage Loans payable on and after the Cut-Off Date; (ii) the Certificate Account, the Investment Account and all money or other property held therein, and the Custodial Accounts for P&I, the Custodial Accounts for Reserves and any Buydown Fund Account (to the extent of the amounts on deposit or other property therein attributable to the Mortgage Loans); and (iii) amounts paid or payable by the insurer under any FHA insurance policy or any Primary Insurance Policy and proceeds of any VA guaranty and any other insurance policy related to any Mortgage Loan or the Mortgage Pool; (II) All rights arising from or by virtue of the disposition of, or collections with respect to, or insurance proceeds payable with respect to, or claims against other persons with respect to, all or any part of the collateral described in (I) above (including any accrued discount realized on liquidation of any investment purchased at a discount); (III) All accounts, general intangibles, chattel paper, instruments, documents, money, deposit accounts, goods, letters of credit, letter-of-credit rights, oil, gas, and other minerals, and investment property consisting of, arising from or relating to any of the foregoing; and (IV) All proceeds of the foregoing; (c) the possession by the Trust of any of the foregoing property shall be deemed to be possession by the secured party or possession by a purchaser for purposes of perfecting the security interest pursuant to the Uniform Commercial Code (including, without limitation, Sections 9-313 and 9-314 thereof) as in force in the relevant jurisdiction; and (d) notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed to be notifications to, or acknowledgments, receipts or confirmations from, securities intermediaries, bailees or agents of, or persons holding for, the Trust, as applicable, for the purpose of perfecting such security interest under applicable law. The Company shall file such financing statements, and the Company and the Trustee acting on behalf of the Trust at the direction of the Company shall, to the extent consistent with this Agreement, take such other actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Conveyed Assets, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of the Agreement. In connection herewith, the Trust shall have all of the rights and remedies of a secured party and creditor under the Uniform Commercial Code as in force in the relevant jurisdiction.

  • Valid Security Interest This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the Depositor.

  • Security Interest in Financed Equipment Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority security interest in the Financed Equipment in favor of CNHICA as secured party or all necessary and appropriate actions have been commenced that would result in the valid perfection of a first priority security interest in the Financed Equipment in favor of CNHICA as secured party.

  • Purchase Money Security Interest Notwithstanding Paragraph 2 above, which relates to transfer of title and risk of loss, until the price shall have been paid in full to WTD for any Products, WTD shall retain a purchase money security interest in the inventory of the Products presently in the possession of or hereafter acquired by Reseller, and if Reseller shall have sold the Products to any third party, the proceeds of resale (or claim thereto) shall belong to WTD. Reseller hereby appoints WTD as its attorney in fact to file any document, with any state or other governmental authority, as is necessary or desirable to perfect, continue, modify or terminate this security interest. Failure on the part of Reseller to pay the price when due shall give WTD the right (without prejudice to any other remedies): a. those in possession of the goods that are still owned by WTD, because they have not been paid for, agree not to contest or object to a court order allowing WTD to repossess said goods; and b. to prevent Reseller from reselling or parting with possession of the Products until the price therefore shall have been paid in full.

  • Maintenance of Security Interests in Financed Equipment The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Equipment. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of the Financed Equipment or for any other reason.