Asset Documentation definition
Examples of Asset Documentation in a sentence
Buyer’s right to terminate the Purchase Agreement pursuant to Section 11(a) of the Purchase Agreement shall expire after the date that is seven (7) business days after Buyer’s receipt of the Completion of the Asset Documentation, and shall be conditioned upon Buyer having a good faith basis to not accept Seller’s assertion of Completion of the Asset.
Except as provided in the third sentence of the second paragraph of Section 21.1, this Agreement shall terminate when (i) Seller shall have received all Distributions in respect of the Participation and shall, to the extent required hereunder, have distributed the same to Buyer and (ii) the Obligors shall no longer have any obligations under the Designated Securities Pool (other than any obligations that, in accordance with the terms of the Asset Documentation, shall survive their payment in full).
Such Seller shall comply in all material respects with all Applicable Laws with respect to it, the Purchased Securities, and the related Asset Documentation.
At its expense, such Seller shall timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Asset Documentation governing the Purchased Securities and the Credit and Collection Policy.
There is no Action pending or, to the knowledge of such Seller, threatened against any Seller relating to such Purchased Securities or which seeks the issuance of an order restraining, enjoining or otherwise prohibiting or making illegal the consummation of any of the transactions contemplated by the applicable Asset Documentation governing such Purchased Securities or by the Transaction Agreements.
No Mortgage Loan was originated pursuant to Countrywide’s No Income/No Asset Documentation Loan Program, No Ratio Documentation Loan Program or Streamlined Documentation Program.
Bailee shall promptly return to Chur▇▇▇▇▇ ▇▇▇ Funding I LLC (if and to the extent applicable) any Assets, Asset Documentation or Asset Documents currently in its possession and not identified on the attached Schedule A as an Asset purchased by Purchaser.
Seller hereby acknowledges that Bailee shall, as of and after the date hereof, hold the Assets, Asset Documentation or Asset Documents for the related Assets set forth on Schedule A attached hereto as bailee and custodian for the benefit of Purchaser.