Exception List definition
Examples of Exception List in a sentence
Each Loan Schedule and Exception List shall list all Exceptions using such codes as shall be in form and substance agreed to by the Custodian and the Company.
Notwithstanding anything to the contrary set forth herein, in the event that the Loan Schedule and Exception List attached to the Collateral Certificate is different from the most recently delivered Loan Schedule and Exception List, then the most recently delivered Loan Schedule and Exception List shall control and be binding upon the parties hereto.
Each Loan Schedule and Exception List delivered by the Custodian to the Company shall supersede and cancel the Loan Schedule and Exception List previously delivered by the Custodian to the Company hereunder, and shall replace the then existing Loan Schedule and Exception List to be attached to the Collateral Certificate.
In connection with a Loan Schedule and Exception List delivered hereunder by the Custodian, the Custodian shall make no representations as to and shall not be responsible for verifying, except as set forth in Section 6.1(b) of this Agreement, (A) the validity, legality, enforceability, due authorization, recordability, sufficiency or genuineness of any of the Custodial Documents or (B) the collectability, insurability, effectiveness or suitability of any such Loan or Acquired Property.
The Pay Request shall identify each Exception Check that Company desires to be paid by the check number and amount specified in the Exception List and shall instruct Bank to pay such Exception Check.
Each Asset Schedule and Exception List delivered by the Custodian to the Company shall supersede and cancel the Asset Schedule and Exception List previously delivered by the Custodian to the Company hereunder, and shall replace the then existing Asset Schedule and Exception List to be attached to the Collateral Certificate.
Each Asset Schedule and Exception List shall list all Exceptions using such codes as shall be in form and substance agreed to by the Custodian and the Company.
A Return Request shall identify each Exception Check that Company desires not to pay by the complete check number and amount specified in the Exception List and shall instruct Bank to return the Exception Check.
Company will review the Exception List each Business Day by 3:00 p.m. CT through the Positive Pay System, otherwise Company’s chosen default option will be applied.
With respect to any Receivable described in the preceding sentence, neither the Transferor nor BVAC shall otherwise be required to remit the Purchase Amount in the manner specified in Section 7.02 or Section 8.10 with respect to any such Receivable so repurchased or otherwise removed from the Exception List or Updated Exception List.