Maturity Events Clause Samples

Maturity Events. With respect to each Mortgage Loan (other than Early Buyouts), none of the following maturity events have occurred: (1) the sale, conveyance, transfer or assignment of any part of the related Mortgaged Property, (2) the death of the last living Mortgagor thereunder, (3) all Mortgagors thereunder ceasing to use the related Mortgaged Property as their principal residence and (4) any other “Maturity Event” or similar event as specified in the related Mortgage Note or Mortgage which would render the Mortgage Loan due and payable.
View SourceView Similar (2)
Maturity Events. With respect to each Mortgage Loan, no Maturity Events under the related Mortgage Note have occurred, including, without limitation: (1) the sale, conveyance, transfer or assignment of any part of the Mortgaged Property where no other Mortgagor retains title to such
View SourceView Similar (2)
Maturity Events. With respect to each Mortgage Loan, no Maturity Events under the related Mortgage Note have occurred, including, without limitation: (1) the sale, conveyance, transfer or assignment of any part of the Mortgaged Property where no other Mortgagor retains title to such Mortgaged Property, (2) the death of a Mortgagor and the Mortgaged Property is not the principal residence of at least one surviving Mortgagor, (3) the Mortgaged Property ceases to be the principal residence of a Mortgagor for reasons other than death and such Mortgaged Property is not the principal residence of at least one surviving Mortgagor, (4) a Mortgagor fails to occupy the Mortgaged Property for a period of longer than [***] because of physical or mental illness and the Mortgaged Property is not the principal residence of at least one other Mortgagor or (5) a Mortgagor fails to perform any of its obligations under the Mortgage Loan. Any of the persons whose signatures and titles appear below are authorized, acting singly, to act for Seller under this Agreement: Amount Lender Effective Date [***] [***] 1/28/2019 [***] [***] 10/27/2015 [***] [***] 3/15/2019 [***] [***] 4/2/2015 [***] [***] 10/27/2017 [***] [***] 6/21/2017 [***] [***] 4/27/2018 [***] [***] 2/28/2019 [***] [***] 3/20/2019 [***] None. ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ [RESERVED.] The undersigned, ____________ of Finance of America Reverse LLC, a Delaware limited liability company (the “Seller”), hereby certifies as follows:
View Source
Maturity Events. With respect to each Mortgage Loan, no Maturity Events under the related Mortgage Note have occurred, including, without limitation: (1) the sale, conveyance, transfer or assignment of any part of the Mortgaged Property where no other Mortgagor retains title to such Mortgaged Property, (2) the death of a Mortgagor and the Mortgaged Property is not the principal residence of at least one surviving Mortgagor, (3) the Mortgaged Property ceases to be the principal residence of a Mortgagor for reasons other than death and such Mortgaged Property is not the principal residence of at least one surviving Mortgagor, (4) a Mortgagor fails to occupy the Mortgaged Property for a period of longer than [*] because of physical or mental illness and the Mortgaged Property is not the principal residence of at least one other Mortgagor or (5) a Mortgagor fails to perform any of its obligations under the Mortgage Loan; provided, however, that the foregoing shall not apply to any Third Amendment TMFT Mortgage Loan, if such exception was disclosed in writing by the Seller to Buyer and was approved by the Buyer in writing in its sole discretion. Sch. 2-1 USActive 53515649.19 SCHEDULE 2 RESPONSIBLE OFFICERS SELLER AUTHORIZATIONS Any of the persons whose signatures and titles appear below are authorized, acting singly, to act for Seller under this Agreement: Name Title Signature ▇▇▇▇▇▇ ▇▇▇▇▇▇ Treasurer /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Treasurer Managing Director /s/ ▇▇▇▇▇▇ ▇▇▇▇▇ Sch. 3-1 USActive 53515649.19 SCHEDULE 3 SCHEDULED INDEBTEDNESS [*] Sch. 4-1 USActive 53515649.19 SCHEDULE 4 MORTGAGE LOAN SCHEDULE [See attached.] [*] Sch. 5-1 USActive 53515649.19 SCHEDULE 5 BUYER’S WIRE INSTRUCTIONS [*] Sch. 6-1 USActive 53515649.19 SCHEDULE 6 APPROVED ORIGINATORS American Advisors Group Synergy One Lender, Inc. Finance of America Mortgage LLC Sch. 6-1 USActive 53515649.19 SCHEDULE 7 APPROVED GUARANTEES None. Sch. 7-1 USActive 53515649.19 SCHEDULE 8 PRIOR EXECUTIVE OFFICES AND LEGAL NAME Prior Legal Names: Jurisdiction: Entity Type: Date Range: Urban Financial Group, Inc. Oklahoma Corporation October 15, 2003 to November 26, 2013 Urban Financial of America, LLC Delaware Limited Liability Company November 26, 2013 to November 20, 2015 Prior Executive Office: ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Sch. 14-1 USActive 53515649.19 SCHEDULE 9 ORGANIZATIONAL CHART [*] Exh. A-1 USActive 53515649.19 EXHIBIT A [RESERVED.]
View Source

Related to Maturity Events

  • Liquidity Events of Default If (a) any Liquidity Event of Default has occurred and is continuing and (b) there is a Performing Note Deficiency, the Liquidity Provider may, in its discretion, deliver to the Borrower a Termination Notice, the effect of which shall be to cause (i) the obligation of the Liquidity Provider to make Advances hereunder to expire on the fifth Business Day after the date on which such Termination Notice is received by the Borrower, (ii) the Borrower to promptly request, and the Liquidity Provider to promptly make, a Final Advance in accordance with Section 2.02(d) hereof and Section 3.5(i) of the Intercreditor Agreement, (iii) all other outstanding Advances to be automatically converted into Final Advances for purposes of determining the Applicable Liquidity Rate for interest payable thereon, and (iv) subject to Sections 2.07 and 2.09 hereof, all Advances (including, without limitation, any Provider Advance and Applied Provider Advance), any accrued interest thereon and any other amounts outstanding hereunder to become immediately due and payable to the Liquidity Provider.

  • Acceleration Events Each of the following events shall constitute an “Acceleration Event”:

  • Final Maturity Date 19 Fitch .....................................................................................19

  • Accrual of Interest and Maturity; Evidence of Indebtedness (i) Swing Line Lender shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of the Borrower to Swing Line Lender resulting from each Swing Line Advance from time to time, including the amount and date of each Swing Line Advance, its Applicable Interest Rate, its Interest Period, if any, and the amount and date of any repayment made on any Swing Line Advance from time to time. The entries made in such account or accounts of Swing Line Lender shall be prima facie evidence, absent manifest error, of the existence and amounts of the obligations of the Borrower therein recorded; provided, however, that the failure of Swing Line Lender to maintain such account, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay the Swing Line Advances (and all other amounts owing with respect thereto) in accordance with the terms of this Agreement. (ii) The Borrower agrees that, upon the written request of Swing Line Lender, the Borrower will execute and deliver to Swing Line Lender a Swing Line Note. (iii) The Borrower unconditionally promises to pay to the Swing Line Lender the then unpaid principal amount of such Swing Line Advance (plus all accrued and unpaid interest) on the Revolving Credit Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement. Subject to the terms and conditions hereof, each Swing Line Advance shall, from time to time after the date of such Advance (until paid), bear interest at its Applicable Interest Rate.

  • Default Events (a) Any material breach of the Funding Agreement by the Recipient, including those set out below, will be an event of default (“Default Event”): 1. the Recipient has amounts owing to the IESO in respect of another funding agreement or other program, contract or arrangement with the IESO that have not been paid after due notice; 2. the IESO notifies the Recipient that it is in default of any existing agreements with the IESO, its predecessor entities, or any of their third party funds managers, including funding agreements; 3. the Recipient fails to complete or submit to the IESO any Activities set out in Schedule C by the applicable Target Completion Date; or 4. the Recipient fails to notify the IESO of any of the events set out in Section 6.1. (b) Should a Default Event occur, the IESO will be entitled to deliver to the Recipient a written notice that the Recipient is in default of the obligations under the Funding Agreement (the “Notice of Default”). The Notice of Default will set out the nature of the Default Event and a reasonable period of time by which the Default Event must be cured.