Sole Subscriber Sample Clauses
The Sole Subscriber clause establishes that a single individual or entity is the only initial subscriber to a company's shares at the time of its incorporation. In practice, this means that the company is formed with just one shareholder, who holds all issued shares until additional shareholders are added later, if at all. This clause is particularly relevant in jurisdictions where a company can be legally formed with only one member, and it ensures clarity regarding initial ownership and control, simplifying the incorporation process and reducing ambiguity about founding shareholdings.
Sole Subscriber. As to the Agency Security being issued with respect to Pooled Mortgage Loans, Buyer or the agent under the Joint Securities Account Control Agreement has been listed as the sole subscriber thereto.
Sole Subscriber. As to the ▇▇▇▇▇▇ Mae Security being issued with respect to Pooled Loans, Agent or such other Person approved in writing by Agent has been listed as the sole subscriber thereto. Seller makes the following representations and warranties to Agent and Buyers with respect to each Contributed REO Property as of the date on which Seller or the REO Subsidiary takes title to such Contributed REO Property and at all times while the Contributed REO Property is subject to a Transaction hereunder. With respect to those representations and warranties which are made to the best of Seller’s knowledge, if it is discovered by Seller or Agent that the substance of such representation and warranty is inaccurate, notwithstanding Seller’s lack of knowledge with respect to the substance of such representation and warranty, such inaccuracy shall be deemed a breach of the applicable representation and warranty.
Sole Subscriber. As to the ▇▇▇▇▇▇ Mae Security being issued with respect to Pooled Loans, Buyer or such other Person approved in writing by Buyer has been listed as the sole subscriber thereto. Attention: Address: Telephone: Facsimile: Any of the persons whose signatures and titles appear below are authorized, acting singly, to act for Seller under this Agreement: [***] [***] [***] [***] [***] [***] Name: [***] Address: Worldwide Plaza ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Title: Telephone: [***] Facsimile: [***] Any of the persons whose signatures and titles appear below, including any other authorized officers, are authorized, acting singly, to act for Buyer under this Agreement: URBAN FINANCIAL OF AMERICA, LLC ________ __, _____ ▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇. ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: [***] Confirmation No.:_____________________ Ladies/Gentlemen: This letter confirms our oral agreement to purchase from you the Purchased Assets listed in Appendix I hereto, pursuant to the Master Repurchase Agreement governing purchases and sales of Purchased Assets between us, dated as of April 2, 2015 (the “Agreement”), as follows (capitalized terms used herein but not herein defined shall have the meanings ascribed thereto in the Agreement): Purchase Date: ________ __, _____ Purchased Assets to be Purchased: See Appendix I hereto. [Appendix I to Confirmation Letter will list Purchased Assets] Aggregate Principal Amount of Mortgage Loans: Purchase Price: Pricing Rate: Repurchase Date: Repurchase Price: Names and addresses for communications: Buyer: Nomura Corporate Funding Americas, LLC Worldwide Plaza ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Attention: [***] Seller: URBAN FINANCIAL OF AMERICA, LLC ▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇. ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: [***] By: Name: Title: Agreed and Acknowledged: By: Name: Title: Urban Financial of America, LLC [***]
Sole Subscriber. As to the ▇▇▇▇▇▇ Mae Security being issued with respect to Pooled Mortgage Loans, Buyer or such other Person approved in writing by Buyer has been listed as the sole subscriber thereto.